To build on our incredible economic success, one priority is paramount, reversing decades of calamitous trade policies - so bad. We are now making it clear to China that after years of targeting our industries and stealing our intellectual property, the theft of American jobs and wealth has come to an end.
Therefore, we recently imposed tariffs on $250bn of Chinese goods. And now our treasury is receiving billions and billions of dollars. But I don't blame China for taking advantage of us.
I blame our leaders and representatives for allowing this travesty to happen. I have great respect for President Xi, and we are now working on a new trade deal with China. But it must include real structural change to end unfair trade practises, reduce our chronic trade deficit, and protect American jobs.