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Liberate the potential of its people. their initiative, their imagination, and their remarkable spirit of enterprise. >> laura: well, how did that work out? sure, the chinese are richer but we have a $375 billion annual trade deficit with china, and the only imagination they brought to the game is in their plotting to steal america's innovation. 18 years after china's entrance into the wto, even trump's most ardent critics are conceding that basically he's right. >> let's be honest. on one big fundamental point, donald trump is right. china is a trade cheat. the u.s. trade representatives that...

Economy, the more fully it will liberate the potential of its people. their initiative, their imagination, and their remarkable spirit of enterprise. >> laura: well, how did that work out? sure the chinese are richer but we have a $375 billion annual trade deficit with china, and the only imagination they brought to the game is in there plotting to steal america's innovation. 18 years after china's entrance into the wto, even trump's most ardent critics are conceding that basically he's right. >> let's be honest. on one big fundamental point, donald trump is right. china is a trade cheat. the ...

-- more tariffs on china. >> we have lost $375 billion in trade deficits. they have a surplus of $365 billion, with a b, with the united states and it's been that way for years and years and years. i always say, we rebuilt china, they took all that money and they built fighter jets, they built bridges. they built more bridges than we built in the last 100 years probably, big ones, like the george washington bridge, like big bridges. and i'm not going to take, you know--look, i don't blame china, i blame our leadership. they should have never let that happen. and i told that to president xi. i ...

China. we have lost $375 billion in trade deficits. they have a surplus of $375 billion, with a b. with the united states and it has been that way for years and years and years. i always say we rebuilt chain ya. they took that money and they built fighter jets and they built bridges and they built more bridges than we built in the last 100 years. big ones like the george washington bridge. big bridges. and i'm not going to take, you know -- i don't blame china, i blame our leadership. i told that to president xi. i was making a speech in china and hitting china hard. i'm in china. i looked at ...

They rebuilt their country with tremendous amounts of money pouring out of the united states. and i've changed that around. and haif you look at what is gog on, our market is going up like a rocket ship. i don't want their market to go down, but their market is down 32% in three months because we can't let them do anymore what they have done. and i watched trade deficits because to me deficits are very important. they are not everything and they are not exact. sometimes you can have a deficit and that is not such a bad thing. but when you have $375 billion in trade deficits, and then many bill...