President Trump Participates in Historic U.S-China ‘Phase One’ Trade Agreement Signing Ceremony – Video along with also also Transcript…

Earlier today President Trump, together with his trade delegation along with also also the delegation through China represented by Vice-Premier Liu He, signed a brand new, fully-enforceable Phase One Trade Agreement. This particular will be the first ever trade agreement any nation has attempted to change the dynamic of how a free-market system (USA) can engage with the Communist system within China. [Video Below – Transcript ADDED]

While ‘phase-one‘ was structurally created to set the foundation, along with also also test the principles of enforcement, This particular historic trade agreement will frame the text in which all additional free-market nations will follow in their own efforts to come to a substantive agreement with Beijing.

This particular will be a definitely big deal on a worldwide scale of international commerce.  Structurally the biggest adjustments inside China relate to Intellectual Property protections, U.S. ownership of assets, along with also also adjustments within the Chinese legal system to stop Forced Technology Transfer.

During the ceremonial remarks Vice-Premier Liu read a statement through Chinese Chairman Xi Jinping to commemorate This particular historic trade agreement.

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[Transcript]  PRESIDENT TRUMP: Thank you very much. Please. We greatly appreciate your joining us at This particular White House event. This particular will be a very important along with also also remarkable occasion.

Today, we take a momentous step — one in which has never been taken before with China — toward a future of fair along with also also reciprocal trade, as we sign phase one of the historic trade deal between the United States along with also also China. Together, we are righting the wrongs of the past along with also also delivering a future of economic justice along with also also security for American workers, farmers, along with also also families.

I want to thank President Xi, who will be watching as we speak — along with also also I’ll be going over to China inside not-too-distant future to reciprocate — however I want to thank President Xi, a very, very Great friend of mine. We’ve — we’re representing different countries. He’s representing China. I’m representing the U.S. however we’ve developed an incredible relationship. however I want to thank him for his cooperation along with also also partnership throughout This particular very complex process. Our negotiations were tough, honest, open, along with also also respectful — leading us to This particular definitely incredible breakthrough. Most people thought This particular could never happen. in which should have happened 25 years ago, by the way. however in which’s okay.

A man who also has become a Great friend of mine along with also also somebody who’s very, very talented along with also also very capable, we’re delighted to be joined by Vice Premier Liu He, Ambassador Cui, along with also also many additional representatives through the People’s Republic of China.

We are especially proud of the efforts of Vice President Mike Pence, who will be with us. along with also also, Mike, I’d like to have you say a few words, please.

VICE PRESIDENT PENCE: Thank you, Mr. President. in which’s an honor to be here with you, with Vice Premier Liu He, with our Treasury Secretary, with Ambassador Lighthizer, along with also also with so many distinguished guests, members of Congress, along with also also governors through around the country. This particular will be a Great day for America, China, along with also also the planet. along with also also in which’s an honor to be with you.

Mr. President, we gather here today, thanks to your leadership, at a time in which the American economy will be booming. With the strong support of members of Congress who are gathered here, we are today experiencing an economy in which’s created more than 7 million jobs. The unemployment rate will be at a 50-year low. The average American’s household income has risen by more than $5,000. in which’s all a result of your commitment to cut taxes, roll back regulation, unleash American energy. however in which also reflects your commitment to free, fair, along with also also reciprocal trade.

Early in This particular administration, you made in which clear in which the era of economic surrender was over. along with also also you took a strong stand for American jobs along with also also American workers. You said to our friends in China in which things had to change. along with also also thanks to your leadership, today the change begins. (Applause.)

Thanks to your efforts, Mr. President, we announced today great progress on protecting intellectual property, on preventing forced technology transfer along with also also currency manipulation. along with also also I know in which means so much to you — the greatest impact may well be on American agriculture. Some $40- to $50 billion in purchases secured in This particular deal in which will result in greater prosperity for farmers all across the land.

along with also also, Mr. President, your commitment to a growing along with also also prosperous America has been the centerpiece of your leadership. along with also also today, with the signing of phase one, in which’s one more example of your commitment to put American jobs along with also also American workers first. along with also also we recognize, as you do, Mr. President, in which differences will remain between our two nations. however today will be the start of a brand new chapter in trade relation between the two largest economies inside planet.

however I can assure the American people in which This particular President will continue to stand firm along with also also put America first, even as we forge a more productive relationship with China along with also also with the planet.

Mr. President, you know there’s an ancient Chinese proverb in which says, “Men see only the present, however Heaven sees the future.” So let today be the beginning of a brighter future, more prosperous for the American people, the Chinese people, along with also also the planet. Thank you, Mr. President. (Applause.)

PRESIDENT TRUMP: Thank you, Mike. An incredible job. Incredible guy.

I also want to give special thanks to our U.S. Trade Representative, who’s been kept very busy. (Laughter.) He’s doing a lot of deals. We’ll have another big one next week. in which should get approved very shortly, along with also also in which’ll be tremendous, with Canada along with also also Mexico. however we’ll talk about in which next week.

however Robert Lighthizer — are we keeping you busy enough? Huh? Poor guy can’t sleep. He tosses along with also also turns. What happened to him?

AMBASSADOR LIGHTHIZER: Here. I’m sorry. in which was dropped. along with also also —

PRESIDENT TRUMP: Oh, okay. Thanks.

AMBASSADOR LIGHTHIZER: I’m all purpose. (Laughter.)

PRESIDENT TRUMP: Mike. Mike. Mike said — in which’s right, you are all-purpose, come to think. (Laughter.)

however Bob Lighthizer will be definitely an outstanding guy. He gets along with people. He’s smart, he’s sharp. along with also also he understands trade better than anybody. When I first took This particular, I said, “I got to get the best guy.” along with also also all signs pointed to Robert Lighthizer. So thank you very much, Bob. Thank you very much. (Applause.)

I have one question: Was This particular an easier job or a tougher job than you thought?

AMBASSADOR LIGHTHIZER: in which was tougher than I thought. (Laughter.)

PRESIDENT TRUMP: I had a feeling you might say in which. Also, our great Treasury Secretary, Steven Mnuchin, has worked with Bob hand in hand. along with also also thank you very much, Steve. Great job. (Applause.)

So This particular definitely will be a landmark agreement. however along with them, we had the exceptional efforts of Jared Kushner. Where will be Jared? Where will be Jared? (Applause.) Our brilliant Jared. Great job, Jared. He worked hard. He left a beautiful, nice, very prosperous real estate business, along with also also came here. along with also also, I can tell you, in which was harder. This particular will be harder than real estate in brand new York, isn’t in which, Jared? Right?

MR. KUSHNER: A lot harder.

PRESIDENT TRUMP: however you’ve done a fantastic job. You don’t get people like in which. So thank you very much. along with also also, Ivanka, nice to have you here. Thank you, honey.

Also somebody in which I’ve heard for 35 years. His voice will be just — a great gentleman, a friend of mine, however a great gentleman. We brought him in along with also also he has been outstanding. The only problem will be he doesn’t like going on television very much. He’s a little bit shy about in which. Larry Kudlow. Where’s Larry? (Applause.) Where will be Larry?

We had a day where the market went down $1 trillion. Think of in which. In additional words, in which was one of those few days, because we’ve had 141 days where we hit all-time highs. along with also also we just broke — as you know, we just broke the 29,000 mark on the Dow, just today, as we were walking in. The market will be up substantially today. (Applause.) We have all these business leaders. I’m sure they don’t care.

however Larry Kudlow went out into the beautiful lawns of the White House. Actually, he was standing inside middle of the Rose Garden. He had a beautiful scarf waving inside wind. He was everything perfect, right out of Greenwich, Connecticut. (Laughter.) along with also also he began talking. along with also also by the time he finished, I said, “You just made a trillion dollars. A trillion.” (Laughter.) Because the market went up like 250 points. I said, “Larry, what the hell did you say?” (Laughter.) along with also also in which didn’t matter. however we were even. We went through being a trillion down to even, along with also also in which was pretty Great.

Larry, you’ve been fantastic. Thank you very much. Appreciate in which. (Applause.)

along with also also, by the way, I just see inside audience our great Ambassador to China, right? Governor. So we had the governor of Iowa, along with also also he loves China. along with also also he’s the long- — you’re the longest-serving governor inside history of our country. Like 24 years. along with also also I called him. I said, “Governor, you have to do me a favor.” Because I remember one conversation I had with him. I was going in to make a speech, before the election, along with also also he said, “Sir, please don’t say anything bad about China.” in which’s once anyone ever said in which to me. (Laughter.) along with also also I said, “Who will be This particular guy?” He’s the governor of Iowa. He just said, “Don’t say bad about China.” So I had to rip up about half of my speech, right? (Laughter.)

along with also also I said, “Why?” along with also also he said, “Well, we do a lot of business. I’ve been dealing with China for 35 years, with corn along with also also all of the different things.” along with also also he told me a story in which was amazing. He said, “You know, 35 years ago, when I began, I met a man named Xi. He wasn’t President then; he was a young man.” along with also also the governor came back. He told his wife, he said — This particular will be 35 years ago. along with also also in which’s documented. He said, “I just met the future President of China.”

along with also also nobody thought much about in which. along with also also you know what? Twenty-eight years later, you turned out to be right. along with also also you have been an incredible ambassador. along with also also they like each additional so much. So when in which came time to picking the important position of ambassador, I said, “Haven’t you had enough after 24 years being governor of Iowa?” He said, “If you want me to do in which.” along with also also in which’s been a great — you’ve been a great help. Thank you very much, Ambassador. (Applause.) I appreciate in which. Done a great job. Nobody could have done in which job better.

A man — I think I can go on the opposite side of the spectrum, perhaps, through the governor. His attitude will be a little different. Our trade advisor, Peter Navarro. (Laughter.) Right, Peter? He’s a little different. We have all types. We have all types.

A Deputy Chief of Staff, Chris Liddell, who’s been with us for a long time, along with also also he’s done a fantastic job along with also also had a great business career.

Commerce Secretary — a legend on Wall Street — Wilbur Ross. (Applause.) Where’s Wilbur? Thank you. Wilbur, thank you.

A man who knows agriculture as well as anybody inside planet. We were looking for an agricultural person, along with also also we wanted to go political, along with also also we were looking for somebody in which might fit perfectly. along with also also Sonny came in, along with also also in which was over. I learned more in in which half hour about agriculture than I — Joni, right? — than I could ever have learned, possibly. Sonny Perdue has been incredible. along with also also we’re taking care of our farmers — in which, I can tell you. (Applause.) So, Sonny, thank you very much. Great job. Thank you. Thank you, Sonny.

along with also also a woman — transportation will be going very well. She’s done an incredible job. We’re getting approvals down today through 20 years — 21 years to 2 years. along with also also in which may get rejected for environmental or additional reasons. however we have in which, Lindsey, down to about two years. A highway which might have taken 19 to 20 years to get approval, we have in which down to 2. along with also also we want to get in which down to one. along with also also if in which doesn’t work, we’re going to say, “You don’t build in which.” however you’re not going to wait 22 years to find out you can’t build the highway.

along with also also she has been fantastic: Secretary of Transportation Elaine Chao. (Applause.) Thank you, Elaine. Thank you, Elaine.

So we have tremendous numbers of people here, along with also also I’m saying, “Do I introduce them?” however I think I sort of should because what the hell. This particular will be a big celebration. along with also also, by the way, some of the congressmen may have a vote, along with also also I don’t — in which’s on the impeachment hoax. So, if you want, you go out along with also also vote. (Laughter.) I’d rather have (inaudible) — in which’s not going to matter, because in which’s gone very well. (Laughter.) however I’d rather have you voting than sitting here, listening to me introduce you, okay? (Laughter.)

They have a hoax going on over there. Let’s take care of in which. So, if any of you guys want to leave, we will not be — where will be Kevin McCarthy? The great Kevin McCarthy.

AUDIENCE MEMBER: (Inaudible.)

PRESIDENT TRUMP: Okay, Great. I’m glad. (Laughter.) Can I be honest? (Laughter.) I’m glad. I like in which much better in which way. along with also also, by — the House folks, 195 to nothing. along with also also we got three Democrats, along with also also one of them actually left the Democratic Party, came over Republican. along with also also what a job you’ve done. So I just want to thank you all. definitely tough. I love in which.

So we have some incredible people inside audience, along with also also I’d just like to introduce a few — a very Great friend of mine — two very Great friends of mine: Sheldon Adelson, Miriam Adelson. Thank you very much, both, for coming. They’ve been tremendous supporters of us — (applause) — along with also also the Republican Party. along with also also they’re great people.

A man who always liked me — because he’s smart, so smart — (laughter) — the great Lou Dobbs. You know, at first, he said, “He’s the best since Reagan.” Then, he got to know me more along with also also more, along with also also he said, “He’s even better than Reagan.” (Laughter.) Then, a few weeks ago, somebody told me — along with also also I watch all the time, however somebody has got a very important show, actually. Tremendous audience along with also also very — everybody in This particular room watches.

however Lou Dobbs, he said, “He’s the greatest of them all.” I said, “Does in which include Washington along with also also Lincoln?” (Laughter.) along with also also he said yes. today, I don’t know if he was for real, however in which’s okay. however the great — he will be — the great Lou Dobbs. Thank you very much, Lou. (Applause.) Thank you. Great show, Lou.

along with also also a man who everybody knows — he knows more than probably everybody in This particular room put together. He’s seen in which all. along with also also he made a statement to Jared. Jared came in along with also also said, “You know, Henry Kissinger told me, ‘How did the President ever pull This particular off?’” I said, “Can I quote Henry on in which?” Because Henry will be outstanding. along with also also when Henry will be impressed with something, then I’m impressed. along with also also, Henry, we’re impressed with you. Thank you very much for being here. (Applause.) Thank you, Henry. Thank you.

along with also also, Michael Pillsbury, thank you very much. along with also also, Susan Pillsbury, thank you very much. along with also also you’ve been saying some fantastic things about China along with also also about us. along with also also we have a Great partnership. This particular will be going to be something in which’s going to be very special. We’re going to talk about in which in a second.

A friend of mine, Steve Schwarzman, will be here. Steve, I know you have no interest in This particular deal at all. (Applause.) I’m surprised you’re not actually sitting over here on the ledge of the stage as opposed to — however Steve has done a great job along with also also very Great relationship with China along with also also very Great relationship with us.

Nelson Peltz will be here, a friend of mine. Where’s Nelson? Nelson will be around here someplace. Hi, Nelson. What are you doing sitting all the way back there, Nelson?

MR. PELTZ: (Inaudible.) (Laughter.)

PRESIDENT TRUMP: How’s General Electric doing, Nels? He’ll straighten in which out. You’ll straighten in which out. He came in nice along with also also late. (Laughs.) He didn’t get in too early, in which’s for sure.

Hank Greenberg will be here. Hank. If they took care of Hank, they wouldn’t have had the problems in which they had. Where’s Hank? Hank Greenberg. (Applause.) Oh, Hank. If Hank stayed there like he should have, you wouldn’t have had the problem in which you ended up having with our economy. however in which’s great to have you, Hank. Thank you very much.

We have some tremendous senators here along with also also some definitely incredible people. along with also also I want to just say, the ones in which are here, if I miss your name, stand up along with also also I will promise to say in which, because a lot of people wanted to be here.

A senator who has been brand new to the game, along with also also he took in which up so quickly along with also also so easily, along with also also he ran a race in which was undoable. The person he ran against was unbeatable. Nice woman, Heidi, however unbeatable. along with also also then Kevin Cramer said, “I can beat her.” along with also also I think he only won by about 12 points, right? along with also also they say he’s the only man in North Dakota in which can win. along with also also I said, “We’ll do in which.” along with also also I had him in my office three times along with also also I said, “Kevin, you got to do in which.” along with also also I said, “He’s doing in which.” along with also also he turned me down. (Laughter.) Then he came back again — well, This particular time, I know he’s doing in which. He calls me back along with also also he said, “Sir, I’m not going to do in which.” He said, “You know, in all fairness, I’ll call you back.” however I never give up, do I? So today, instead of being a congressman, he’s a senator. along with also also you’ve been great. along with also also thank you very much. Kevin Cramer. (Applause.)

Mike Crapo, a friend of mine. These are all warriors. These are — incredible. Mike — thank you very much, Mike. What a job you do. Mike will be one of those guys — goes unsung, however behind the scenes, there’s nobody sharper, smarter, along with also also we all respect you along with also also love you. Every one of these people. Thank you very much, Mike. Appreciate in which.

Steve Daines. Same thing I can say for my Steve. along with also also he’s got a hell of a football team. How did they do This particular year? All right? They going to be back? They won in which again? They have a Great team. They have a Great team.

Joni Ernst. You got ethanol, so you can’t be complaining, right? (Laughter.) Steve — (laughs) — Steve, in which’s Great for you too.

You know, Joni might call me, along with Chuck Grassley; they’d call as a tandem. You can’t beat the two of them. All they want to know about will be ethanol. Ethanol. however we got in which done.

Deb Fischer — same boat, right, Deb? You want in which ethanol for Nebraska.

along with also also a friend of mine, Lindsey Graham. He’s become a great friend of mine along with also also he’s an outstanding man. He loves our country. He definitely does love our country. He works like hell. Do you do anything additional than politics?

SENATOR GRAHAM: Golf.

PRESIDENT TRUMP: He’s likes golf, too. He likes golf too. Much better golfer than people might understand. He likes golf. however he’s a great guy. You get in which done. He brings people together.

Chuck Grassley. Where’s Chuck? Where’s Chuck? Chuck. Will you stand up for a second? This particular guy will be the toughest guy. He can say something in a nice manner along with also also everybody will be afraid. Right? (Laughter.) He made Comey choke during the hearing. He said, “Did you leak anything to the press?” “What? What? What? What?” Comey choked like a dog, along with also also he was being nice when he said in which.

Chuck will be outstanding. Unbeatable — between you along with also also the governor, those are two pretty Great ones, right? Unbeatable under any circumstance. He makes the rounds like virtually every night. I think you still have never missed a vote. Have you ever missed a vote? He was — Chuck was — huh?

SENATOR GRASSLEY: Since 1993.

PRESIDENT TRUMP: Ninety-three. He was in my office a month ago, along with also also I thought in which was very rude. He said, “Sir, I’m sorry, I have to leave.” “Why?” in which was right inside middle of a meeting. I said, “Why?” He said, “Because I have to vote along with also also I’ve never missed a vote” or some- — I said, “How many years?” He said, “1993.” in which’s a long time. I said, “You know what? Go leave. in which’s a Great record to keep.” Because he’s a solid, reliable, unbelievable person, along with also also he’s a friend of mine. So thank you very much, Chuck. (Applause.)

along with also also let them know also about in which ethanol, Chuck. We brought home the ethanol. Man, when you have those two calling — they were not nice about in which, Jerry Moran. I want to tell you — where’s Jerry? Jerry, they were not nice about the ethanol. I want to say in which.

along with also also Jerry, with what he did with — we’re working together — very closely together with the vets. along with also also in which’s incredible what’s happened with what we approved on Choice. in which’s made a whole big difference. You don’t hear complaints about the VA anymore. Do you notice? They go out, see a doctor. If they have to wait two months, or if they have to wait two days, they go out along with also also see a doctor. Jerry Moran, folks. He did a fantastic job. (Applause.)

Rob Portman, great friend of ours through Ohio. Rob, fantastic job. I just left Ohio. They love you. They love you there, along with also also you’ve done a fantastic job. along with also also you are my friend. Rob Portman. (Applause.) Thanks, Rob.

Pat Roberts. A man through Kansas, who will be going to be leaving us. I cannot believe in which you’re not running again. You have at least — at least another 12 Great, solid years inside Senate if you wanted them. You have to do in which. You’re sure, right? Okay. He’s made in which decision. however, Pat, thank you very much. along with also also This particular will be very important to Pat along with also also to Mike Rounds, because what’s happened here, if you look, in which’s so much about everything you stand for, especially the farmers. along with also also the farmers are going to be so happy.

Where will be Mike Rounds? Mike? Mike? Stand up, Mike. He’s another one. He was brutal to me. He might call: “I got to get This particular done. You got to get in which done.” Right? Thank you very much, Mike. Fantastic job.

along with also also Dan Sullivan, through the great state of Alaska. along with also also I stop there every time I can, right? along with also also I won by a lot. They like me in Alaska, right? however they like you too, Dan. along with also also thank you very much.

Kevin McCarthy, as you know, left for the hoax. (Laughter.) Well, we have to do in which, otherwise in which becomes a more serious hoax. along with also also Mark Meadows will be a friend of mine, right through the beginning. Thank you, Mark, very much. Special guy. Special friend. Great wife, too. His wife actually supported me long before him, however he thinks I don’t know in which. (Laughter.) She went on “Women for Trump,” when in which wasn’t so fashionable. Like, on the worst day of my life, she was doing “Women for Trump” tours with 50 women on buses all over the great state of North Carolina. She’s fantastic.

Vern Buchanan. Thank you very much. Thank you, Vern. Great job you’ve done.

Mike Conaway. Thanks, Mike. Thank you, Mike.

By the way, Kristi, thank you for being here. I didn’t know you were going to be here. Thank you. Stand up. We’re going to do a big fireworks display, right? Mount Rushmore. We’re going over — I think I’m going to try along with also also be there on July 4th.

So, the governor called. She ran a great race, a tough race. in which was a tough competitor you had, right? A big star. along with also also — however she was a bigger star, in which turned out, Lindsey. however she said, “Do you think we can get fireworks back at Mount Rushmore?” I said, “Why?” They haven’t been there for — like for 20 years. I said, “Why?” “Environmental reasons.” I said, “You mean you can’t have fireworks because of the environment?” “Yeah, environmental reasons.” I said, “What can burn? in which’s stone.” You know, in which’s stone. in which’s granite. (Laughter.)

So nobody knew why; they just said, “Environmental reasons.” So I called up our people. along with also also within about 15 minutes, we got in which approved, along with also also you’re going to have your first big fireworks display at Mount Rushmore, along with also also I’ll try along with also also get out there if I can. (Applause.) Okay? Right? in which’ll be great. Thank you very much for being here. Thanks, Kristi.

Mike Kelly. Where’s Mike? Mike, thank you very much, Mike. What a friend.

Drew Ferguson. What a friend. These are great people, I’m telling you.

Darin LaHood. Darin. Thank you very much, Darin. Great job.

Michael McCaul. You did a phenomenal job three, four days ago, Mike, with your speech on the floor. in which was incredible. Very inspiring.

Patrick McHenry. He’s a — number one, he’s a great guy. along with also also number two, he’s got the best name in politics. If I had in which name, I might have won 20 years ago. (Laughter.) Patrick McHenry.

A man who’s got such courage — honestly, he deserves a medal. He’ll probably get one. We still have to win to get medals though, right? We can’t give medals if we don’t win. however This particular guy has never lost in his life. He will be so tough along with also also so smart. Devin Nunes. Thank you. Stand up, Devin. Everybody knows him. (Applause.)

What they put him through — (applause) — what these phony people, what these dirty cops along with also also all of the others put you through — along with also also, man, you survived in which better than ever, along with also also everyone respects you. along with also also even Meadows respects you, along with also also he respects very few people. (Laughter.) So, thank you, Devin, very much. Great job.

Adrian Smith. Thank you, Adrian. Thank you very much. along with also also don’t feel — again, you guys are all set. I’ve introduced you — not much more for you, however you know. however you’re going to hear some great things about China, along with also also you’re going to hear some also great things today because we have a who’s who of the planet of business with us today.

David Abney, of UPS. David? Where are you, David? You can stand up, if anybody wants to. If you don’t want in which — you know, if your company will be not doing well, you may not want to stand up. (Laughter.) however UPS will be doing very well. There will be a couple in which will just sort of slink back into their chair. They’ll pretend they’re not here. Thank you, David. Great job you’ve done.

Darius Adamczyk, of Honeywell. A great company. Thank you very much. Great equipment you make. I have a lot of in which. I use a lot of in which, along with also also the country uses a lot of in which.

Ajay Banga, of Mastercard. Thank, Ajay. Fantastic job.

Josh Bolten, Business Roundtable. Thank you, Josh. Great job.

David Calhoun. He’s got a very easy company to run. He just took over Boeing. Where’s David? David. Where’s David?

MR. CALHOUN: Right here.

PRESIDENT TRUMP: Stand up, David. See, he didn’t want to stand. Let me tell you: in which’s not your fault. You just got there. (Laughter.) You’ll straighten in which out quickly, please.

MR. CALHOUN: We will.

PRESIDENT TRUMP: Okay. I have no doubt. in which’s a great company.

Les Daniels, USTR, ACTPN. Okay?

Dan DiMicco. We’ve been fighting the steel things for 20 years together, Dan. I’d like to say “30,” however I don’t want to do in which. Right? We’ve been fighting together for a lot longer than 20 years on the —

MR. DIMICCO: We’re winning.

PRESIDENT TRUMP: along with also also today we’re winning. Finally. in which took 25, 30 years. in which took a little change at the top, didn’t in which? however you’ve been a warrior for — for getting definitely taken advantage of as a country. along with also also you’ve been a warrior, along with also also I appreciate in which. Right through the beginning, Dan along with also also I — we — in which was a fight of two people against the planet.

Tom Donohue, U.S. Chamber of Commerce. along with also also in which’s — where’s Tom? Thank you, Tom. Great job.

Brian Duperreault, of AIG. Do you know in which company, Hank? AIG. Did you ever hear of AIG, Hank Greenberg? Thank you very much. I appreciate in which, Brian.

Mary Erdoes, JPMorgan Chase. They just announced earnings, along with also also they were incredible. Where — where are you? They were very substantial. Will you say, “Thank you, Mr. President” at least? Huh? (Laughter.) I made a lot of bankers look very Great. however you’re doing a great job. Say hello to Jamie. I think we’re seeing him tomorrow.

Nancy Falotico, of Ford. Nancy, where are you? Hi, Nancy. So young. So young. in which’s very impressive. Thank you very much. You’re doing a Great job.

Jim Fitterling, Dow Chemical. Incredible company. Jim. Thank you, Jim.

Jack Fusco, Cheniere. Jack, thank you. Great.

Meg Gentle, Tellurian. Where are you? Hi. Congratulations.

Ken Griffin, Citadel. What a guy he will be. Where are you, Ken? Where the hell will be he? He’s trying to hide some of his money. Look, he doesn’t want to stand up. Where the hell will be Ken? See, Steve, you’ll stand, along with also also he’s very quiet about in which. He’s in here someplace; he just doesn’t want to stand.

Harold Hamm. He puts a straw into the ground, along with also also oil pours out. (Laughter.) in which’s true. additional guys spend billions along with also also billions of dollars; they can’t find oil. This particular guy takes a straw, he goes like This particular, along with also also oil pops up. Harold, my friend. He’s been with me through the beginning. Right, Harold? He was with me through the day I came down the escalator with our First Lady.

By the way, do I see John Thune in This particular audience? John — how the hell do I not introduce John? They didn’t have your name down. I can’t believe in which. Will you stand up? What a great guy he will be. (Applause.)

VICE PRESIDENT PENCE: Kevin Brady along with also also Shelley Moore Capito.

PRESIDENT TRUMP: I also see Kevin Brady. Thanks, Kevin. Great job on the tax cuts.

Al Kelly, Visa. Al Kelly. Al Kelly, thank you.

Ryan Lance, ConocoPhillips. Ryan, great. You’re doing fantastically well.

Most of you, I can say, you’re doing fantastically well. “Thank you, Mr. President.” (Laughter.) Don’t worry about in which. Don’t feel guilty.

Alan MacDonald, Citibank. Citibank. (Applause.) Great. Boy, you brought in which back so far. I remember seven, eight years ago. however Citibank will be doing fantastically well.

Raymond McDaniel, Moody’s. Great. Are you giving us Great ratings, Raymond, please? Okay? We’re doing pretty Great, right?

Sanjay Mehrotra, of Micron. Incredible company, the job you’re doing. Sanjay. Thank you, Sanjay, very much.

Steve Mollenkopf, Qualcomm. They had a merger going, along with also also I said they should let in which merger go by. I called up President Xi, along with also also I — they rejected in which. Remember? along with also also then they accepted in which. By in which time, you were off to another deal. You didn’t even want in which. however nobody else could have done in which, right? however you could have had in which.

Jim Morrison, of Jeep. What a great brand Jeep will be. What a job they’ve done. in which will be a great brand. along with also also congratulations.

Larry Nichols, Devon Energy. Larry? Larry. Thank you, Larry. Great job. These are great people.

Jason Oxman, ITI. Jason, thank you. Great job you’re doing.

Scott Schenkel, eBay. I sign things, along with also also the next night, I see them on eBay. They’re sold. (Laughter.) They’re sold for a lot of money. I said, “Sir, could I have you just — might you sign my sneaker?” “Yes.” Then, two nights later, I see in which on eBay, selling for $5,000. I say, “What kind of people are these, Lindsey?” Terrible. (Laughter.) Sometimes in which’s the senators along with also also the congressmen in which do in which. in which’s — (laughter).

Gary Shapiro, CTA. Gary. Great job, Gary.

Greg Smith, of Boeing, also. along with also also, Greg, get in which going. Work together. Get in which going. You know, Boeing makes a tremendous portion of our GDP. I had no idea in which was such a big company. in which was — I mean, I know in which was big, however in which could have up to a half a point of GDP. Some people say even more. So we’ve got to get in which one moving fast, along with also also in which’s going to be better than ever, I think.

Mike Sommers, API. Mike? Thank you, Mike.

Paul Taylor, of Fitch. in which’s another Great ratings group. Are we doing okay at Fitch? Great. Otherwise, I wouldn’t have introduced you, if I thought — (laughter).

Robert [DEL: Thornson :DEL] [Thomson], News Corp. Where’s Rupert? will be Rupert not here? I can’t believe Rupert will be not here. will be he the greatest though, or what? He was going to get $40 billion for his thing. He sold all the stuff he didn’t want. He sold in which to some group in which doesn’t like Trump as much; in which’s the only problem. however he was going to get $40 billion, along with also also he said, “I don’t know, they keep bidding This particular thing up.” They end up paying what? Seventy-all 5 billion? along with also also he kept the best stuff. So Rupert will be doing right, huh? Rupert will be fantastic, along with also also in which whole family will be just a great family. So say hello, Robert.

along with also also John Thornton. Oh, John. Where’s John? Where’s John? John will be great. Great job, John. (Applause.) Thank you for all the help, too. Great job, John.

Jay Timmons, NAM. Jay, thank you very much. Thanks, Jay.

Stephen Vaughn, King along with also also Spalding. Stephen. King along with also also Spalding. I could use some Great legal advice. Do you have some Great lawyers over there? I could use some Great lawyers, right? Ah, to hell with in which. I just have to suffer through in which the way I have all my life. (Laughter.) Somewhere along the line, they must be pretty Great, right?

Jonathan Ward, Atlas Organization. Jonathan, thank you. Great job you’ve done.

Kevin Warsh. Kevin. Where’s Kevin? I don’t know, Kevin. I could have used you a little bit here. Why weren’t you more forceful when you wanted in which job? Why weren’t you more forceful, Kevin? You’re a forceful person. In fact, I thought you were too forceful, maybe, for the job. along with also also I might have been very happy with you.

however, Kevin, thank you for being here. You understand in which very well, right? in which bothers me when Germany along with also also additional countries are getting paid to borrow money. This particular will be one — I don’t know where in which all leads, however we have to pay. We’re the number one inside planet, by far, along with also also we have to pay for our money. Our interest rates are set high by the Fed. Our dollar will be very high, along with also also — relatively speaking. however when additional countries get — literally, they’re under. They have negative rates — meaning, they’re under. They get paid. I love This particular. This particular concept will be incredible. Again, you don’t know where the hell in which leads. however you borrow money, along with also also when you have to pay in which back, they pay you. This particular will be one in which I like very much. along with also also I’m going to talk to you about in which, Lou Dobbs.

So we’re set at two. Tell me, why are we paying along with also also additional countries are getting money when they get paid back? I definitely want to know: Who are the people in which buy This particular stuff? Who puts money into something when they say, “This particular will be a guaranteed loss”? however in which’s a whole different group of people than I know.

Glenn Youngkin, of Carlyle. Carlyle Group. Great group.

So, for decades, American workers, farmers, ranchers, manufacturers, along with also also innovators have been hurt by the unfair trade with China. Forced technology transfer along with also also intellectual property theft have been huge problems. Since China joined the planet Trade Organization two decades ago, we have racked up nearly $5 trillion — the Vice Premier, I trust he’s not listening to This particular — (laughter) — in trade deficits, lost millions along with also also millions of manufacturing jobs, along with also also saw tens of thousands of factories close. along with also also in which had to do, also, with Mexico, along with also also, to an extent, Canada.

What they did to This particular country with trade along with also also trade deals — NAFTA. We had no deal with China. I mean, we had no deal. along with also also in which was like just easy pickings.

For years, politicians ran for office, promising action to remedy these practices, only to do nothing however allow them to continue. along with also also in which was pillage.

As a candidate for President, I vowed strong action. in which’s probably the biggest reason why I ran for President, because I saw in which for so many years. along with also also I said, “How come nobody will be doing something about in which?” inside meantime, immigration, along with also also building our military — also important. however in which’s probably the biggest reason.

In June of 2016, inside great state of Pennsylvania, I promised in which I might use every lawful presidential power to protect Americans through unfair trade along with also also unfair trade practices. Unlike those who came before me, I kept my promise. They didn’t promise too hard however — (applause) — they didn’t do anything. along with also also I actually think I more than kept my promise.

today our efforts have yielded a transformative deal in which will bring tremendous benefits to both countries. We have a great relationship with China, we have a great relationship with the leadership of China, along with also also China fully understands in which there has to be a certain reciprocity. There has to be. in which cannot continue like This particular. in which might be dangerous for in which to continue like in which was.

The agreement we signed today includes groundbreaking provisions in an area of critical importance to the United States: protecting intellectual property. So the deal you’re seeing today will be a much bigger deal than — we have in which very much guarded. They asked one of our Democratic — Cryin’ Chuck Schumer — “What do you think of the deal?” — two weeks ago. He had no idea what the deal was. Never saw the deal; in which’s totally guarded.

“I don’t like in which. I don’t like the deal,” he said. “Well, have you seen in which?” “Yeah, I think I know what…” “Well, why don’t you like in which?” “Well, they took the tariffs off.” Actually, we didn’t. He didn’t know anything about the deal. He just said exactly what probably you should say, as a politician. “How do you like the deal?” “I don’t like the deal.” “Do you know the deal?” “Uh, uh, sort of.” He never saw the deal. He knew nothing about in which. He might love the deal, however he can’t say in which, because he’s on the additional party. however maybe Patrick might do the same thing, right?

however you know what? I might say in which you shouldn’t. This particular will be an unbelievable deal for the United States. along with also also, ultimately, in which’s a great deal for both countries. along with also also in which’s going to also lead to even a more stable peace throughout the planet.

China will be helping us with North Korea. China will be helping us which has a lot of the things in which they can be helping us with — which you don’t see in a deal, however they have been very, very helpful with respect to Kim Jong Un, who has great respect for President Xi.

along with also also in which’s all a very, very beautiful game of chess, or a game of poker, or — I can’t use the word “checkers” because in which’s far greater than any checker game in which I’ve ever seen. however in which’s a very beautiful mosaic.

however China will be giving us a lot of help, along with also also we’re giving them a lot of help on things in which we help them with. along with also also one of the things in which we are also talking about will be fentanyl. along with also also President Xi has already instituted very strong penalties along with also also arrested large numbers of people who are sending fentanyl into our country. in which never happened before. (Applause.)

So China has made substantial along with also also enforceable commitments regarding the protection of American ideas, trade secrets, patents, along with also also trademarks. This particular was not, according to most — they didn’t know we covered any of This particular. We’ve covered a lot of This particular. in which’s phase one. however they’re doing many more things in phase one than anyone thought possible.

China has also pledged firm action to confront pirated along with also also counterfeit goods, which will be a big problem for many of the people inside room — the counterfeiting. We’ll make sure in which This particular happens, along with also also we have very, very strong protection.

In addition, the agreement addresses forced technology transfer policies in which can require companies to give away their know-how along with also also trade secrets. So today, when Boeing has some work done over in China or wants to sell planes over in China, they don’t have to give up every single thing in which they’ve ever — you know, in which they’ve worked so hard to — to develop along with also also to come up with. Are you guys hearing in which? You don’t have to give up anything anymore. Just be strong. Just be strong. Don’t let in which happen. however you don’t have to do in which.

in which was a terrible — in which was a terrible situation going on there. along with also also a lot of in which was because our co- — our companies, I have to say This particular, were very weak. You were very weak. You gave up things in which you didn’t have to give up. however today, legally, you don’t have to give them up.

Under This particular deal, transfers along with also also licensing of technology will be based on market terms in which are fully voluntary along with also also reflect mutual agreement.

Phase one will also see China greatly expand imports of the — to the United States. We want to buy a lot of their product inexpensively.

however we have yet another $0 [billion]. They are going to be what — what will be, to me, very important. Number one, they’re going to be spending much more than $0 billion over the next two years, including up to $50 billion just on agriculture alone.

along with also also some of the numbers in which I wrote down — on manufacturing, they’ll be spending $75 billion. They’ll be putting into our country, okay? They’re going to be putting into our country $75 billion on manufacturing. Fifty billion dollars’ worth of energy. in order in which’s great for our energy people. We’re the number one inside planet today; we weren’t. We’re today the number-one energy group inside planet. We’re bigger than Saudi Arabia, along with also also we’re bigger than Russia. We’re bigger than everybody. (Applause.)

along with also also for those people in which are inside room in which are very much into in which, of which we have a lot of the oil along with also also gas folks inside room: I’m approving some pipelines in Texas momentarily, which will give you — which might’ve taken 15 more years to get. however you’re going to have them very quickly. I mean, we take through a 15-year period to about a 2-month period, along with also also I’m angry at my people for taking so long. Right?

however if we do in which, we’ll be up about another 22 percent in oil along with also also natural gas. So we have $50 million for — $50 billion for energy, $50 billion for agriculture, along with also also $40- to $50 billion on services, including, Rob, financial services. So the banks are going to be doing great. Credit cards — all of the things in which you do so well. You’re going to be able to today go into China along with also also definitely do a job. along with also also they’re going to be working with you.

One of the additional things I have to say will be in which protection of intellectual property — we have very strong protection of intellectual property. A lot of people thought This particular deal was just a simple deal for — the farmers are going to get $50 billion. Remember I said, Lindsey, they have to go out along with also also buy larger tractors?

China was doing $16 billion with the farmers. along with also also they stopped. Why not? You know, they’re in a negotiation. So our people agreed to $20 [billion], along with also also I said, “No, make in which $50 [billion]. What difference does in which make? Make in which $50 [billion].” They say, “Sir, our farmers can’t produce in which much.” I said, “I love our farmers. Let them tell me they can’t do in which.” along with also also I said, “Tell them to go out along with also also buy a larger tractor. Buy a little more land.” however they’ll be able to do in which. I have no doubt they’ll be able to do in which. (Applause.)

So, the additional thing in which I think we have will be the currency devaluation standards. We have a very strong standard for currency devaluation. along with also also, in all due respect, China was one of the greats in history at doing in which, along with also also we’re going to work on in which together. however currency devaluation will today have some very, very strong restrictions along with also also very powerful restrictions. along with also also we have just full — again, the word — one of the strongest things we have: total along with also also full enforceability. along with also also you know what in which means: total, full enforceability on all of This particular.

So, the agreement tears down major market barriers for U.S. food along with also also agricultural exports. China will today welcome American beef along with also also pork, poultry, seafood, rice, dairy, infant formula, animal feed, biotechnology, along with also also much, much more. Because frankly, you know, they were not doing things in which they were supposed to be. along with also also in which’s okay. Because today they will. The deal will also benefit energy, manufacturing services, along with also also all sectors of the economy.

along with also also I will say This particular: This particular deal — again, they thought in which was a 50-billion-dollar agricultural deal. today in which’s much more than $0 billion, of which 50 will be agricultural. however the rest will be in all of the additional things in which we just discussed, especially for financial. along with also also you should definitely look at in which. along with also also you have a free pass. along with also also you don’t have to worry about the 49 percent where you can’t own, because you’re going to be able to own today. along with also also you’re not going to have to take partners in which are forced upon you. in which’s an incredible deal through in which standpoint, too.

We’re delighted in which the Chinese consumers will today enjoy the greater access to the best products on Earth — those made, grown, along with also also raised right here inside USA.

So phase one, which has been definitely incredible — you know, we almost had the whole deal done, however This particular will be better. This particular will be a more detailed deal because of This particular aspect of the deal. in which was such a big deal before. along with also also This particular will be a much more — much more targeted, much more powerful deal for everything we’re doing, which will be a very large part of the deal.

however we’re going to be starting phase two, as soon as This particular kicks in. We’ll be starting phase two. We’re leaving tariffs on, which people are shocked, however in which’s great. however I will agree to take those tariffs off, if we are able to do phase two. In additional words, we’re negotiating with the tariffs. We have 25 percent on $250 billion worth of goods. along with also also then we’re bringing the 10 percent down to 7.5 percent on $300 billion worth of goods plus.

So — however I’m leaving them on, because otherwise we have no cards to negotiate with. along with also also negotiating with Liu will be very tough. however they will all come off as soon as we finish phase two. along with also also in which might be something in which some people on Wall Street will love, however through what I see, they love This particular deal the way in which will be today. however we have very strong cards. along with also also, frankly, China along with also also I are going to start negotiating with Bob along with also also Steve along with also also everybody very, very shortly.

So, through This particular nation’s vibrant heartland to our gleaming cities, millions of workers along with also also farmers along with also also innovators have waited decades because of This particular day. We never even had a deal with China. In all fairness, I don’t blame China. I blame the people in which stood here before me. I don’t blame China. I told in which to President Xi. I was in Beijing, doing a speech, saying how they’re ripping us off. along with also also guess what? He wasn’t too happy. I looked at him. I said, “He’s not happy.” along with also also I said, “I better change the speech quickly.”

So I said, “I don’t blame him. I blame our Presidents.” along with also also I’m right. We should’ve done the same thing to them, however we didn’t. We didn’t. We never had a deal with them. They’d do whatever they wanted in which.

With This particular signing, we mark more than just an agreement; we mark a sea change in international trade. At long last, Americans have a government in which puts them first at the negotiating table. First in trade. First in every deal, every decision, along with also also every action we take with incredible enforceability.

As we move on to phase two, I look forward to continuing to forge a future of greater harmony, prosperity, along with also also, definitely, commerce — commerce along with also also — far beyond commerce, between the United States along with also also China. This particular will be something in which — far beyond even This particular deal — in which’s going to lead to a even stronger world peace.

We today have — we today have a big investment in each additional along with also also in getting along with each additional. along with also also This particular deal will be phase one. We’ll probably be able to conclude in which with phase two. We don’t expect to have a phase three. however in which’s something in which we all want to get done, along with also also in which’ll be a tremendously big deal. This particular will be something in which’s going to be so special, however, to our manufacturers, our farmers, our bankers, our service people. Nobody has ever seen anything like in which. This particular will be the biggest deal there will be anywhere inside planet, by far. along with also also in which’s Great.

We’re doing another big one next week. however This particular will be the biggest deal anybody has ever seen. along with also also in which can lead to being a deal in which’s unprecedented, because China has 1.5 billion people, along with also also ultimately, in phase two, we’re going to be opening up China to all of your companies. So I trust you folks can handle in which.

So today I’d like to ask Ambassador Lighthizer along with also also Secretary Mnuchin to say a few words, please. Thank you. (Applause.)

AMBASSADOR LIGHTHIZER: Mr. President, Mr. Vice President, Mr. Vice Premier: in which will be an honor to be here because of This particular momentous event. The President has long fought for fair along with also also balanced trade for Americans. He has, for years, complained about our enormous trade deficit with China along with also also the unfair practices which have, in part, contributed to in which.

Indeed, solving the trade crisis was a major objective of his campaign along with also also of his administration. The United States along with also also China are two great countries with two great economies, however two very different economic systems. in which will be imperative in which we develop trade along with also also economic rules along with also also practices in which allow us both to prosper. The alternative will be not acceptable for either of us.

This particular phase one agreement will be the result of over two years of hard work. in which will be an important part of the President’s economic plan, along with also also in which will be a big step forward in writing the rules needed along with also also developing the practices in which we must have going forward.

This particular agreement will benefit both the United States along with also also China. I am grateful to the President for allowing me to be part of This particular plan. I am grateful to Secretary Mnuchin, my friend with whom I have worked so closely on This particular along with also also on so many additional matters.

Finally, I might like to thank along with also also acknowledge the more than 60 men along with also also women at USTR along with also also additional agencies who have worked so hard on This particular, day along with also also night, for so many months.

I should begin with Ambassador Jeffrey Gerrish, who’s my deputy, who led This particular effort. Thank you for your patriotism. (Applause.)

I might also like to single out Ambassador Gregory Doud, who will be my agriculture deputy — (applause) — along with also also the Assistant USTR responsible because of This particular enormous effort, Terry McCartin. (Applause.)

This particular was a great — This particular was a great team effort by my office, as well as the Departments of Treasury, Agriculture, Commerce, along with also also many others.

I should all also acknowledge the hard work of the Chinese side. Vice Premier Liu He will be a leader who will be diligent; patriotic; as near as I can tell, always working; along with also also has proven himself honorable.

To appreciate — (applause) — we appreciate also the efforts of Minister Zhong. Thank you to Liao Min, his principal — the Vice Premier’s Principal Deputy, along with also also the rest of your team. Once more, congratulations, President Trump. along with also also congratulations, President Xi. (Applause.)

SECRETARY MNUCHIN: Thank you very much. Mr. President, Mr. Vice President, under your leadership, the economic policies of This particular administration are working. Tax cuts, regulatory relief, along with also also today great trade deals are doing the U.S. economy stronger along with also also helping American business along with also also workers along with also also farmers.

This particular will be an incredible accomplishment. I want to particularly thank Ambassador Lighthizer. You’ve done an extraordinary job leading This particular effort across, literally, in enormous resources. Every single agency contributed to This particular. The White House. This particular was a real team effort. So thank you very much for your extraordinary job.

I’d also like to thank the Vice Premier along with also also his team. We could not have done This particular without all of you. This particular was a lot of hard work. along with also also again, I’d like to thank you along with also also President Xi. A great step forward, momentous agreement between our two countries. Thank you. (Applause.)

PRESIDENT TRUMP: By the way, I have to just tell you in which a woman will be inside room who loves her state so much. along with also also I didn’t introduce her before because I wanted to say for — you have been so great. might you please stand up, Shelley? West Virginia Senator. Thank you. Great. Thank you, Shelley. (Applause.)

So I want to, again, thank the Vice Premier for the work we’ve done together. in which’s been — in which’s been an incredible number of months. in which was stop along with also also go. along with also also in which looked like in which was pretty much going to be stop along with also also never go.

however I’d like to today invite you, on behalf of the great nation — along with also also in which will be indeed a great nation. In fact, I’d like you to just relax a little while. Take in which easy. Go out, see a movie. Tell President Xi I said, “President, go out. Have a round of golf. See a movie.” “No, no, no. I am too busy.”

however they are workers. This particular China will be an incredible, incredible nation. along with also also I’d like to have you say a few words. Mr. Vice Premier, please. (Applause.)

VICE PREMIER LIU: (Inaudible.) (Off-mic.)

PRESIDENT TRUMP: Yes. Yes.

The Vice Premier might like to read a letter in which was just sent to me, I found out, through President Xi. along with also also we’ll ask the interpreter to come up, please. Okay? Thank you very much. in which’s very nice.

VICE PREMIER LIU: (As interpreted.) Thank you, President Trump. today, may I read out the message through President Xi Jinping to President Donald J. Trump?

(In English.) Sorry. (Laughter.)

(As interpreted.) Mr. President, as China along with also also the United States sign the phase one trade agreement, I asked Vice Premier Liu He to bring to you my warm greetings.

As I said during our phone call on the 20th of December, last year, conclusion of the phase one trade agreement between China along with also also the U.S. will be Great for China, for the U.S., along with also also for the whole world.

in which also shows in which our two countries possess the ability to act on the basis of equality along with also also mutual respect, along with also also work through dialogue along with also also consultation to properly handle along with also also effectively resolve relevant issues.

inside next step, the two sides need to implement the agreement in real earnest along with also also optimize its positive impact so as to make even greater progress in China-U.S. trade along with also also economic cooperation.

To maintain healthy along with also also steady growth of China-U.S. relations serves the interest of both countries along with also also requires joint efforts through both sides.

In in which spirit, I trust the U.S. side will treat fairly Chinese companies along with also also their regular trade along with also also investment activities, along with also also give support to the collaboration between enterprises, research institutes, along with also also schools along with also also colleges of the two countries as in which will help enhance mutual trust along with also also cooperation between us.

China will be prepared to work with the U.S. in in which direction. along with also also I will stay in close touch with you personally.

I believe in which under our guidance, China-U.S. relations will deliver more results along with also also bring greater benefits to our peoples inside year ahead.

The Chinese Lunar brand new Year will be just a few days away. I along with also also my wife Peng Liyuan extend our season’s greetings to you, to Melania, along with also also your family. May you all enjoy happiness along with also also success inside brand new Year.

PRESIDENT TRUMP: Thank you very much. (Applause.) in which’s beautiful. Thank you.

VICE PREMIER LIU: (As interpreted.) Honorable President Donald Trump, Honorable Vice President Mike Pence, Ambassador Lighthizer, Secretary Mnuchin, colleagues, friends, ladies along with also also gentlemen: Great afternoon. Today, China along with also also the United States will be officially signing the phase one trade agreement.

First of all, allow me to pay tribute to our two presidents.

I also want to thank the U.S. principals, our two economic teams, along with also also all those who have made their contribution to This particular phase one trade agreement.

As two great countries with important responsibilities in world affairs, China along with also also the United States, with the larger picture in mind, have taken a serious approach to our differences along with also also worked to manage them appropriately, reaching phase one trade agreement. in which will be Great for China, for the United States, along with also also for the planet.

This particular will be a mutually beneficial along with also also win-win agreement. in which will bring about stable economic growth, promote world peace along with also also prosperity, along with also also will be inside interest of the producers, consumers, investors in both countries.

At the same time, This particular agreement will be not directed at, nor will in which affect, the lawful rise in interest of any third country. in which will be in line with WTO rules.

A cooperative economic along with also also trade relationship will be the propeller of the overall China-U.S. relations. Over the past two years, the two sides encountered some difficulties inside economic along with also also trade field. At times, there were setbacks in our trade talks because, on some issues, we don’t see eye to eye. However, our two economic teams do not give up with relentless efforts through both sides. On the basis of equality along with also also mutual respect, we have reached This particular phase one trade agreement.

As we Chinese often say, one should not be daunted by difficult problems because there are always more solutions than problems. (Applause.)

This particular will be an extensive agreement. After in which will be signed, China will work with the U.S. at — inside principle of equality along with also also mutual respect, strictly honor the agreement, accommodate each additional’s core concerns, along with also also ensure the Great implementation of the phase one trade agreement. in which will be the pressing need along with also also will also play an important role inside growth of bilateral economic along with also also trade relations inside future.

As to where we will go through here, there will be a Chinese proverb in which goes, “The beginning will be the most difficult part.” There will be a similar saying in English: “A Great beginning will be half the success.” They mean the same thing. in which means in which we need to continue to be problem-oriented along with also also focus on implementing the phase one trade agreement so as to bring about a Great start inside sound economic along with also also trade relations going forward.

As the living standards of the Chinese people rises, we will import fine-quality agricultural products through countries across the planet.

As the two sides have agreed based on the market demand in China, in line with market terms, Chinese businesses will purchase 40 billion U.S. dollars of agricultural products through the United States annually. If the demand will be strong, the companies may buy more.

To make in which happen, the two governments need to foster a sound marketing environment for businesses to expand trade activities.

Ladies along with also also gentlemen, friends: The Chinese economy will be transitioning through high-speed growth to high-quality development. A brand new philosophy will be governing our development across the board. Reform along with also also opening-up will be picking up speed. This particular year we’ll build a moderately prosperous society in all respects.

China’s per capita GDP has exceeded 10,000 U.S. dollars. A 400 million-strong middle-income group will be emerging, along with also also a massive domestic market will be taking shape. China welcomes investors through around the planet to China, including those through the United States. along with also also we’ll expand imports of fine-quality products along with also also services through additional countries.

China will continue to enhance the legal environment, step up the protection of property rights along with also also intellectual property, apply a management system of pre-establishment national treatment, plus the negative list, along with also also create a level playing field. China will open itself even wider. (Applause.)

Ladies along with also also gentlemen, friends: the planet will be today at a critical historical crossroads. We are faced with the major strategic choice of how to promote major country cooperation along with also also international cooperation.

China has developed a political system along with also also a type of economic development in which suits its national reality. This particular doesn’t mean China along with also also the United States cannot work together. On the contrary, our two countries share enormous common commercial interests, along with also also we are faced with multiple common challenges like terrorism, counter-narcotics, widening income gap, an aging population, major diseases, resources, along with also also protecting the environment. There will be a real need for closer cooperation.

President Xi Jinping points out in which there are a thousand reasons to make China-U.S. relations succeed along with also also not one particular one to let in which fail. We must seek common ground while putting aside differences along with also also find a path toward win-win cooperation. This particular has important implications for China, the United States, along with also also the planet at large.

in which has been, along with also also will continue need to be, proved in which we both stand to gain through cooperation along with also also lose through confrontation. Cooperation will be the only right choice. We need to act inside overall interest of world peace along with also also development along with also also shared future of humanity, pursue equal consultation with mutual respect, along with also also take forward China-U.S. relations based on coordination, cooperation, along with also also stability, along with also also fulfill the great historic mission in which we shoulder together.

While I see many visionary people here inside audience who have made an important contribution to the sound development of China-U.S. relations, please accept my most sincere appreciation. (Applause.)

The Lunar Chinese brand new Year will be coming soon. I extend season’s greetings to you. I wish you Great health along with also also all the success. Again, thank you very much, President Trump, along with also also thank you all. (Applause.)

today I’d like to invite Ambassador Cui Tiankai to say a few words. Thank you. (Applause.)

PRESIDENT TRUMP: along with also also just prior to signing, we’ll ask Ambassador Cui to come up along with also also say a few words. Thank you. (Applause.) Yes, please.

AMBASSADOR CUI: (As interpreted.) Honorable President Trump, Vice President Pence, Secretary Mnuchin, Ambassador Lighthizer, Your Excellency, Vice Premier Liu He, Minister Zhong Shan, along with also also Governor Yi Gang, ladies along with also also gentlemen: Just today, Vice Premier has given us the comprehensive elaboration on China’s principled position on the China-U.S. phase one trade agreement.

Given the highly complex international environment, reaching a China-U.S. phase one trade agreement based on equality along with also also mutual respect will be Great for China along with also also the U.S., along with also also Great for the peace along with also also prosperity of the whole world.

We trust both sides will abide by along with also also implement the agreement with earnest to keep the China-U.S. trade relations inside right direction of mutual benefit along with also also win-win, along with also also deliver greater benefits to the people of our two countries.

China’s development will be a result of the wisdom along with also also hard work of 1.4 billion Chinese people. along with also also the rights of the Chinese people to pursue a better life will be what should be there.

There will be great potential for greater China-U.S. cooperation, along with also also the defining feature of This particular economic cooperation between our two countries will be mutual benefit. People of both countries benefit through such cooperation. These facts haven’t along with also also will not change.

The China-U.S. relationship will be today at a crucial juncture. As we have reached the phase one trade agreement, in which will be today important in which we leverage the opportunity earnestly, implement the strategic consensus reached between our two Presidents, along with also also keep our bilateral relations inside right direction.

We need to strengthen strategic communication along with also also dialogue on various levels to build trust, reduce misgivings along with also also misunderstandings along with also also misjudgment, along with also also properly manage differences so as to build a China-U.S. relationship based on coordination, cooperation, along with also also stability.

To conclude, I want to take This particular opportunity to thank you again, friends through all the communities inside United States for your support to the healthy growth of China-U.S. relations. Let’s work together inside brand new Year. Thank you. (Applause.)

PRESIDENT TRUMP: Well, just in closing — along with also also we’re going to sign right today, however in which just doesn’t get any bigger than This particular — not only in terms of a deal, however definitely in terms of what in which represents.

Keeping these two giant along with also also powerful nations together in harmony will be so important for the planet — not only for us, for the whole world. along with also also the planet will be watching today.

So in which’s a great honor to be involved. in which’s a great honor, Mr. Vice Premier, to be with you. Thank you very much. Thank you very much. (Applause.)

[Transcript END] (The agreement will be signed.)

Simultaneous with the event, U.S. Trade Representative Robert Lighthizer released the full text of the agreement along with also also posted fact sheets for each of the sectors. If you are a trade or economic geek (*raises hand*), the agreement will be a definitely Great read. LINKS: Main Link to USTR – U.S-China Deal.  All current tariffs remain in place while the China compliance aspects are evaluated.  There are a lot of enforcement mechanisms inside deal.

♦ MAIN AGREEMENT:  Economic along with also also Trade Agreement

♦ FACT SHEETS:

Source : President Trump Participates in Historic U.S-China ‘Phase One’ Trade Agreement Signing Ceremony – Video along with also also Transcript…