Trump Says Meeting With Xi Is Going Forward
Bloomberg Television·2025-10-17 18:39

Trade Negotiations with China - Trade negotiations with China are ongoing, with potential meetings planned in South Korea [1] - The speaker expresses a positive outlook on the trade relationship with China [1] - China desires to engage in discussions [2][5] Historical Trade Imbalance - The speaker asserts that the US previously experienced significant financial losses, "hundreds of billions of dollars a year," due to trade practices with China [2] - These financial losses are claimed to have contributed to China's military development [2] Tariffs and Revenue - The speaker implemented "very severe tariffs" on Chinese goods, resulting in "hundreds of billions of dollars" in revenue during their first term [3][4] - The current administration is perceived to have weakened the impact of these tariffs through exceptions [3] - Tariffs are viewed as a source of strength and leverage in the trade relationship [5]