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'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.

We have right now, an $800 billion

trade deficit with the world—so think of that.

So let's say, we have $500 to $375,

but let's say we have $500 with China, but we have $800 total with the world.

That would mean that China is more than half.

So we're going to get it taken care of,

and frankly, it's going to make us a much stronger, much richer nation.