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Calculate, of $504 billion. some people would say it's really $375 billion. many different ways of looking at it. but any way you look at it, it is the largest deficit of any country in the history of our world. it's out of control. we have a tremendous intellectual property theft situation going on which, likewise, is hundreds of billions of dollars, and that's on a yearly basis. i've spoken to the president, i've spoken to representatives of china. we've been dealing with it very seriously. as you know, we're renegotiating nafta. we'll see how that turns out. many countries are calling to ne...

He's add the generation next panel discussion. we're told he would be jumping in this panel. he was asked a question on tariffs. let's listen in for a minute. >> it's the highest number of jobs we've ever had in our country. it's coming back. we're losing $375 billion with china. it could be $504 billion depending on the way you count. a lot of different ways to count. no matter how you count, it's bad. we're doing something that will be the start of making trade with china more fair. we're so far down. our past presidents shouldn't have allowed this to happen. this has been many, many years. ...

>> fox news alert, the president signing tariffs on china. let's watch. >> president trump: the factories in our country, closed, shuttered, gone. six million jobs at least gone. now they're starting to come back. you see what's happening with chrysler, with foxcon, with so many other companies wanting to come back into the united states. we have one particular problem, and i view them as a friend, i have tremendous respect for president xi. we have a great relationship. they're helping us a lot in north korea. and that's china. but we have a trade deficit depending on the way you calculate, o...

We've lost over a fairly short period of time 60,000 factories in our countries. closed. shuttered. gone. 6 million jobs, at least, gone. and now they're starting to come back. you see what's happening with chrysler, with so many other companies wanting to come back into the united states. but we have one particular problem, and i view them as a friend. i have tremendous respect for president xi. we have a great relationship. they're helping us a lot in north korea. and that's china. but we have a trade deficit, depending on the way you calculate, of $504 billion. now some people would say it'...

It's just not right. and we have many deals like that. now, with all of that being said, let's talk china. because china we probably lost $504 billion last year on trade. 504 billion. i think that president xi is unique. he's helping us with north korea who, by the way, wants to talk as of last night. you heard that, they want to talk. and we want to talk also only under the right conditions, otherwise we're not talking. they've been talking for 25 years. other presidents should have solved this problem long before i got here. and they've been talking for 25 years. and you know what happened? ...