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Our trade deficit is massive. it's hundreds of billions of dollars a year, anywhere from 350 billion to 504 billion, and that doesn't include intellectual property. and we've already started discussions with china because it has to come down. it has to come down. and that has to do with really free trade, fair trade, or reciprocal trade. and, frankly, i like reciprocal the best of the group because when you explain to somebody that you're going to charge tariffs in order to equal ize or you're going to do other things, some people that don't get it, they don't like to hear that. but when you s...

Gives us no credit whatsoever, but we are getting tremendous credit. and if you look at the real estate industry, the mining industry, the farming industry, if you look at any of the major industries, you see what's going on. in fact, even today i was very happy as i read this morning early that our trade deficit with others has gone down very considerably in the last short period of time. it's having a big impact. and as you know, i'm meeting with the president of china on thursday and friday in palm beach, florida, and i think we're going to have a very interesting talk. i have a lot of resp...

Estate industry and the mining industry, the farming industry, if you look at any of the major industries you see what's going on. in fact even today i was very happy as i read this morning early that our trade deficit with others has gone down very considerably in a short period of time. it's having a big impact. i'm meeting with the president of china thursday and friday in palm beach, florida. i think we're going to have a very interesting talk. i have a lot of respect for him. i've spoken to him a number of times but we have to do better because our deficit with china as you know $504 bill...

$504 billion. that's a year. that's enough for a life time. i'm sure we're going to have a fantastic meeting. we'll talk about a lot of things, including north korea. a problem. that's really a humanity problem. >> melissa: there is a lot riding on this meeting. how would you approach it? >> there are two things with donald trump's presidency. one are the personal issue. second are the economic issues. china is a huge economic issue. if president trump is able to make progress with china, secure better trade deals for america and get american job opportunities at home, he has a real chance to ...

Whatsoever. but we're getting tremendous credit. if you look at the real estate industry, mining industry, farming industry, if you look at any of the major industries, you see what's going on. in fact, even today happy, as i read this morning early, that our trade deficit with others has gone down very considerably in the last short period of time. it's having a big impact. as you know, i'm meeting with the president of china on thursday and friday in palm beach, florida. i think we're going to have a very interesting talk. we're having -- i have a lot of respect for him. i've spoken with him...