Trump Lies About His Trade War with China: A Closer Look



-The president is ratcheting up
his trade war with China and lying about what it means for American companies
and consumers. For more on this,
it's time for "A Closer Look." [ Cheers and applause ] ♪♪ When it comes to foreign policy, there are two things we know
about Donald Trump. He wants to be liked by everyone and he has no idea what he's
talking about. That's why his description
of how he would conduct himself in office was always
so incoherent. During the campaign,
for example, Trump insisted both that
as a businessman, he could have good relationships
with everybody and also that, as a nation,
we should be unpredictable. -As a businessman, I get along
with everybody. I have business
all over the world. We must, as a nation, be more
unpredictable. We are totally predictable. We have to be unpredictable. -No. You can't get along
with everybody and also be unpredictable. Nobody likes
their unpredictable friend. Trump's like guy
who won't respond to texts when you ask him for a ride
to the airport, but then he shows up at your
door at 3:00 a.m. with a handle of vodka
and a duffel bag. And when you say, "Go home,"
he's like, [ As Trump ] "I can't. I got
stoned and sold my apartment." [ Laughter ] [ Normal voice ]
Now we're seeing what Trump's unpredictability
looks like when it comes to imposing
tariffs on China. China retaliated this week
with tariffs and the escalating trade wars
hurt farmers and sent the stock market
plummeting. And yet, Trump has repeatedly
shrugged it off, claiming our economy is strong
enough to handle a trade war and insisting it's not
that big of a deal. -So the economy is doing
very well by every measure. We are having probably
the greatest economy that we have had anywhere, anytime in the history
of our country. We are having a little squabble
with China because we have been treated
very unfairly for many, many decades. -A little squabble
is not how you describe a trade war with the world's
second largest economy. That's language your dad uses
when he explains why he's been sleeping in
a motel for the past few weeks. "Your mom and I are having
a little squabble over a photo of daddy
at a big boys' party with a lady
who popped out of a cake. [ Laughter ] It's a squabble.
It'll be over soon." Even some Democrats have been
in favor of using tariffs as a temporary tool to get a
long-term deal with China that helps American workers. But one of those Democrats,
Ohio Senator Sherrod Brown, expressed concern that Trump
was using the tariffs as a permanent solution. -I am very concerned
that the president has not understood that tariffs need to be a short-term tool
to get to a long-term policy. He seems to think the tariffs
are the policy. -Yeah. Tariffs are supposed
to be a temporary punishment, not a permanent solution. It's like if your kid
doesn't do their chores, you send them to their room
for an hour. You don't make them live there
for 30 years. That's probably why these two looks like they have
never seen the daylight. [ Laughter ] And then…
[ Cheers and applause ] -…there are the Republicans who have traditionally
opposed tariffs and supported free trade. Suddenly those Republicans
have gone very quiet. And even when they express
mild concern to Trump, their message
doesn't seem to get through, like Iowa Senator Chuck Grassley who represents a lot of farmers
hurt by Trump's tariffs. Grassley told
"The Washington Post" yesterday that he planned to write
a letter to Trump to explain the concerns
of farmers because he felt the argument
he had repeatedly made to the president in person
was not registering. I'm not sure if you
talk to him face to face he hears everything you say. And I do believe he doesn't hear
everything face to face. I mean, have you ever seen
the way he looks in a meeting when someone else is talking? He hates it so much,
he literally hugs himself as a calming mechanism. [ As Trump ]
Don't worry, Donald. The bad man will be done soon, and then it will be your turn
to make noise with your mouth. [ Laughter ] [ Cheers and applause ] [ Normal voice ]
So now Trump has us mired in a damaging trade war with the world's
second largest economy that's pissing off both parties
and has no end in sight. But as usual, he keeps insisting that even though he
and the president of China are fighting,
they still get along great. -The relationship I have with
President Xi is extraordinary. It's really very good, but he's for China,
and I'm for the USA. -And honestly, I'm just relieved
he knows what side he's on. Trump's like a kid
in a youth soccer game who gets confused about
what team he's on and kicks it into the wrong goal and Republicans are like
the helicopter parents on the sideline
who cheer for him anyway. "Yes, Bradley,
you choose whatever goal you feel comfortable with!" But you've got to give it
to Trump. You've got to give it to Trump. He might not know
how tariffs work, but he definitely knows which
country he is the president of. -President Xi,
he's a friend of mine. And I'm a friend of his
and I like him a lot, but he's representing China, and I'm representing
the United States of America. President Xi is for China.
And I'm for the United States. He's representing China, and I'm
representing the United States. He represents China.
I represent the USA. He likes China,
and I like the United States. He's for China. I'm for us. President Xi,
he's a friend of mine, but he likes China. I like the USA. -We all know that! This is like if Steph Curry held
a post-game press conference and just went,
"I play for the Warriors. James Harden plays
for the Rockets. Goodbye." [ Laughter ] Now tariffs are basically — basically tariffs are a tax
on imports from that country. So the American companies
importing those goods pay the tax, and they often
end up passing that tax on to consumers, and yet Trump
keeps repeating the lie that China will pay the tariffs rather than American companies
and consumers. He did it again last week
while simultaneously claiming once again that he has
a great relationship with the president of China. -We were getting very close
to a deal. Then they started
to renegotiate the deal. We can't have that.
We can't have that. So our country can take in
$120 billion a year in tariffs paid for mostly by China,
by the way, not by us. A lot of people try and steer it
in a different direction. Ultimately, it's paid for
largely by China. -Do you have plans to talk to
President Xi, or no, not yet? -Well, he just wrote me
a beautiful letter. I just received it, and I'll
probably speak to him by phone. -Okay. First of all, you'll
probably speak to him by phone? If someone sends you
a beautiful letter, you call them. That is just basic etiquette. One time, my grandma sent me
a birthday card. I didn't call her right away,
and later that day, I got another card slipped under
my door that said, "No phone call?" And she included a bill
for the $5. Second,
Trump has the weird thing where he's obsessed with getting
beautiful letters from people. He said it multiple times
about everyone from Kim Jong-un
to Vladimir Putin to the former Director
of National Intelligence, James Clapper,
and even President Obama shortly after he took office. -"James Clapper, who famously
got caught lying to Congress, is now an authority
on Donald Trump. Will he show you his beautiful
letter to me?" -Putin even sent me a present, a beautiful present
with a beautiful note. -A letter was given to me
by Kim Jong-un, and that letter
was a very nice letter. Oh, would you like to see
what was in that letter. -I just showed a letter
that I received just yesterday from Chairman Kim which
is an extraordinary letter. -I just went to the oval office and found this beautiful letter
from President Obama. -This was the letter given to me by President Obama. It was long. It was complex. It was thoughtful. -[ As Trump ] And I didn't
understand a word of it. [ Laughter ] I just know… [ Cheers and applause ] I just know it was… It was shaped like this. [ Normal voice ]
His obsession with letters makes him sound like
a Civil War wife. [ Older Southern accent ] I just
got the most beautiful letter from Beauregard. [ Laughter ] [ Normal voice ]
Also, why is Trump always carrying
these letters around? Is that why his coat's
always so bulky? He's just packed full of mail
everywhere he goes? Terrible president, but he'd
make a great mailman. I can totally see him —
shorts, high socks, tugging around a mail sack. [ Cheers and applause ] But the important part
of that clip is the part where Trump claimed
that China and not the U.S. companies
would pay the tariff. It's a lie he's been repeating
for years. And on Sunday,
Fox host Chris Wallace got Trump's chief economic
advisor, Larry Kudlow, to admit that it was a lie. -It's not China that pays
tariffs. It's the American importers, the American companies
that pay what, in effect, is a tax increase, and oftentimes, passes it on
to U.S. consumers. -Fair enough. In fact,
both sides will pay. Both sides will pay in these
things, and, of course — -If it's a tariff on goods
coming into the country, the Chinese aren't paying. -No. But the Chinese
will suffer GDP losses and so forth with respect
to a diminishing export market and goods that they may need
for their own — -I understand that,
but the president says China pays for the tariffs. They may suffer consequences, but it's U.S. businesses and U.S. consumers who pay,
correct? -Yes, to some extent.
I don't disagree with that. -Oh, Larry, you just admitted that Trump is a liar
on Fox News. You're gonna have to
apologize to him, and I have a feeling I know
how you'll do it. [ As Trump ] I just got
the most beautiful letter. Larry Kudlow says
I'm not a liar. Let me just find it
here in my mail coat. This one's from Putin. Obama. Oh! Pottery Barn. [ Laughter ] [ Normal voice ]
So Trump's antagonizing China in a costly trade war
that no one wants, Democrats and Republicans
are both unhappy, and the stock market
is plummeting. And it really seems like Trump is feeling increasingly isolated because during a speech to
workers in Louisiana yesterday, he went out of his way to insist that the U.S. doesn't need
any help from other countries. -You are not only making
our nation wealthier, but you are making America safer by building a future
of American energy independence. We are independent.
We don't need anybody. We don't need anybody. -Oh, boy. Really feels like
he's projecting there. Should be eating out of a tub
of ice cream on his sofa talking to his cat. [ As Trump ]
We don't need anybody. Isn't that right, Mike Pence? [ Laughter ] [ Applause ] Oh. Oh, that's a good boy. Oh, you're a good boy. You're a good boy, Mike Pence.
Yes. People say you're a boring,
dead-eyed cat, but I love you, Mike Pence. [ Laughter ] [ Normal voice ]
Even on his core issue, the thing that he claimed
he'd be able to fix, Trump has no strategy
and no idea what he's doing. He spent two years
talking about trade with China, and he's gotten nowhere. All we have are costly tariffs and the only thing Trump
knows for sure is… -He likes China. I like the USA. -This has been "A Closer Look." [ Cheers and applause ] ♪♪

42 thoughts on “Trump Lies About His Trade War with China: A Closer Look

  • China is the one who really want to control US president election, look at how many paid fake poster here on Youtube, and how many media has financial support from China….don't be fooled, those Keyboard heros won't make american great coz they only know how to arouse hatred ….good job Trump!

  • Mexico never said that they we're going to pay for the stupid wall it was Donald Trump that said that to his brain washed supporter

  • I'm not surprised Donald Trump lie's every day he has Mafia homies they protect him in every thing he does they can't impeach him or arrested him

  • The enemy's civilization and justice are the greatest confidence of our Chinese people. Because we believe that justice will certainly be lost to blackmail. Please refer to the art of Chinese guerrilla warfare.

  • The following content comes from translation software: As a Chinese, I know China. I warn Americans not to be too friendly to Chinese people. In our Chinese culture, obeying rules is tantamount to stupidity, keeping civilization and courtesy equal to stupid pigs. We had a Song Gong Palace in the Spring and Autumn Period. He talked about morality and morality in everything and was fooled by Mao Zedong. Since the Spring and Autumn Period and the Warring States Period, thought has been finalized. 《Sun Tzu’s art of war》, 《thirty-six conspiracy》, and “The soldiers do not hate to lie” are the most Principle of faith in Chinese behavior. We are proud of deception. Victory is the first time. This is just a figure in our Chinese bones. Excluding the times, the Chinese Communist Party has elevated this character of the Chinese to a higher level. If you count the Communist Party’s philosophy of struggle, what I said above is just some basic things. The Communist Party is the master. If the United States is fair to the Chinese, then the US massacre by China is only a matter of time.

  • 身为一个土生土长的中国人,凭我对中国人的了解,我警告美国人,不要把中国人相像的太善良了。在我们中国的文化中,守规矩等同于傻,守文明、讲礼貌等同于蠢猪。我们春秋时期有一位宋襄公,他凡事讲仁义道德,被毛泽东骂作蠢猪。我们从春秋战国、诸子百家时期,思想就已经定型了—— 《孙子兵法》、《三十六计》,“兵不厌诈”,是中国人最推崇的行事准则,我们以欺骗为荣。胜利是第一位的。这还仅仅是我们中国人骨子里的性格。没算上近代以来,中国共产党将我们中国人这种性格,又抬升了一个层次呢。如果算上共产党的斗争哲学,以上我所说的都只是一些基础性的东西。共产党才是大师级的。美国如果和中国人讲公平,那么美国被中国屠宰只是时间问题。

  • US export $ 126 Trillion to China,
    China export $ 612 Trillion to the US.
    Are you to dumb to see China is screwing the US?
    Are you to dumb to realise that China is stealing your jobs?
    Are you to dumb to realise that China is stealing all your trade secrets and patents?
    As a South African, I can only hope that one day we will have a leader like Trump.
    If you're unhappy with him, lets change places!

  • Trump taxes the US with tariffs on China. And being double the retards, China taxes itself with tariffs. Yeah, I don't think you have the whole picture, Seth.

  • Tramp doesn't understand how the world works now. China will be no.1 in business because they have friends all around the world. Not enemies like the U.S has made.😉😎

  • As a business man hes friends with all but as a nation we should be unpredictable business and a nation aren't the same and he's saying we should be smart and keep ppl close to grow the business but as a nation we should watch what we do so we aren't open to getting screwed by anyone .
    I'm not yes or no Trump I just look at things from both sides

  • chi is for china sounds like an unintelligent version of c is for cookie by cookie monster, who would make a better president

  • The letter always the beautiful letters if seems he has never received any important letter in life!, but maybe his letter for charter 11.

  • No Trump thinks his followers so stupid he has to remind them he works for the side of America where else President Xi works for China brilliant Americans!! ha!!ha!!ha!!ha!!

  • If Trump is increasing tariffs from china and chines company can not sell
    and lose money the chines are sort of paying for it that what he mean
    Trump is right way should the world be be overfludded with all the crap from china

  • why do you use the wrong map? of course amarican can make the whole world agree about their territory, because all the locals already has been killed

  • you can't have free trade when your working for twenty dollars an hour and your trading partner is working for four dollars an hour. You can't have free trade when your trade partner has no patent law and keeps steeling your stuff, you can't have free trade when you are purchasing manufactured goods and your partner is purchasing only raw materials from you and you can't have free trade when the cost of your small amount of manufactured goods that you do export to your partner are three times the price of what you pay for them at home. Let me spell it out to you Seth. You do not have and have never had free trade agreement with China it has always been one sided and its got to change, your country has been taken advantage of and Trump has been jumping up and down about it since the 80's.seriously, take some time and look at some of the old interviews when he wasn't a politician.

  • After his term, our economy will be a recession. Trump: I told you we're doing better than China (of cause lying). The economy was good and he will make a recession out of it just because he wants to contain China. Of cause China economy will hurt too, but it will chuck on at maybe about 5.5-6% growth. China will win the war without firing a bullet.

  • Trump is blaming China, Europe, Mexico and Russia for stealing jobs. So Trump, you must be perfect and never lie or cheat except sins of womaniser.

  • Am Indian living in China…… I support China! It’s None of the business of western countries specially USA to interfere in Chinese economy and culture. You can never separate Hong Kong and Taiwan from China.China grow higher and higher, we have geographical tensions between us but we culturally connected and you will win over USA, my Chinese brother. May you become even super power!

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