Trump: Administration Doesn't Get Business
Donald Trump on China, his empire, and entrepreneurship in America.
- Duration 8:35
- Date Feb 23, 2012
Donald Trump on China, his empire, and entrepreneurship in America.
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-- -- -- Because we have this apparently 300 billion dollar trade to upload one -- what did you say to them until why can't we say about.
What's beyond the deficit they make more than 300 billion dollars -- message here.
They manipulate their debt -- makeup products because that's what you don't want to talk about unemployment that this country.
It's ridiculous certainly don't -- the jobs are going to other countries China had particular.
And you certainly don't hold state dinners of people that manipulate their dead and ordered her Q and that's what they do.
And it's amazing -- we have all the -- to the people are not so Smart as some cases certainly the administration is not Smart.
And it's amazing to me we we have all of the cards.
And they don't understand that and you have these guys coming over the vice president that the president that we -- of these magnificent state dinners.
And you know what people are doing numbers -- -- you you don't give them state dinners and that's exactly what's happening he had done so it's it's an absolute problem.
The way we're dealing and.
We're going to lose this year more than 300 billion dollars not mentioning jobs not mention the fact that they didn't take the money at a little bit back to list.
And we pay -- -- is hard to believe it.
As the reason we have because just because.
They sell to us we don't sell to them by any comparison I mean it's it's so little relatively speaking to extend the -- That in some cases probably more than that.
The other thing about China is that tax our product we don't -- extent you know friend Michael -- outlook tree product is -- all -- -- just put a lot to tax almost.
I just -- they would -- that any litigation -- is guy is simply to be at the course you wouldn't tell you.
But he tells me about a lot treat next and you saw a few months ago where they put a tax on the suvs and trucks.
That are being sold and in China so.
It's really an -- I considered to be one of the biggest problems and OPEC can go back to OPEC where.
They are having a field that what you see you gasoline build this summer it's going to be six dollars seven dollars a gallon nobody's there just states.
-- -- -- -- -- What are Russell but but what would you -- the mall which is -- -- I would say to China.
Fellas that I wouldn't do that estate debt I would say so -- you better get over tickets were -- institute -- -- all of your products coming into this country of 25%.
Thank you gonna pay the tax.
And by the way if you don't pay the tax that's OK -- will end up making the products in this country.
And you're gonna stop manipulating your your currency because it's impossible for -- companies to compete with China I -- I I have contract is coming in.
And they are crying the blues all the time because to currency manipulation with China makes it impossible to compete.
But what you wanna do business in China it's very very hard if they wanna do business here is really easy.
-- watched was -- China from -- Finally gonna -- -- real most of us back the money a marvelous.
Because the money that we borrowed is relatively small compared to the kind of economies -- -- -- that.
When you have a 1000000000002.
In borrowing it's sounds like a -- principal they can't ask for a fact they have a period of time.
You know it's not like OG give me -- whether they signed the document where they get.
Their money back whatever expires and that -- expiration isn't for awhile to get time we get time.
But if there are lots of ways of -- -- look.
Nobody knows more about banks and I do.
And trust me it's it's their problem not -- up.
I remember I'll always remember Tom -- -- announcement we're not in Italy are.
I'll always remember I can't remember what -- -- -- while lord remember not to remember auto loans but M I'll I I remember where you do want to publish really British like.
-- back and aid usually not -- love L ones.
Percent of the banks what.
-- you're -- bigger problems meeting come October -- -- its enduring interest to work it out and it did.
I think you have a big problem folks let's sit down -- work it out and they did and they were great back -- -- the same banks say is the same people I -- and we're doing unbelievable business that you know.
And we have -- I've built a great company.
A really great job but I will tell you what I first started -- -- few years and years ago I got a very levered to company.
But you know that's turned into a great company with -- very little debt lots of cash great great assets I can't think of many people that have better assets and you know very proud of that it's good to act in my book my last -- -- And I think you know -- -- output -- -- -- in the book I actually.
Told them about my company for the first time nobody really knows about my company and I put the financial disclosure in the -- Because -- -- -- I built a great company and it's you know that's what should happen with this country.
Well my only point of some Namibia and American -- -- probably not you're very good about five what was that that you wouldn't that one wouldn't think I would -- while I'm not sure a lot of people.
One wouldn't think if one holds a bunch of money to the bank.
The Faber drove back and say look you got a problem AP sold their soul so what so that work when you do that and watchers say in his.
That may be able -- but what -- essentially saying is also took that's what America and she said if China were essentially same situation.
It's still well it's a very similar things China has a problem.
But can't get a bigger problem is we have to stop doing business with them or -- we ever post -- tax which would cut down that this is very substantially.
They go into a depression the likes of which -- never received because what are -- building China they're making so much for us laws factories but slowing.
And our factories or did you go to New England to these places -- look at the factories that dead there's nothing happening up there and does factories do you go to China.
But -- a working -- -- make it American -- so if we ever made it where they have to take export all of a sudden became an economic for people for our people to buy.
You would have a depression -- giant at the likes of which you've never seen you know we're rebuilding China.
-- that we build in our country -- were rebuilding China.
And we're rebuilding its fast that building bridges won't arrest -- -- bridge being built in this country -- build bridges anymore.
The George Washington Bridge that there is set a -- pleased to build bridges -- The -- that they're building 39 bridges are some massive bridges in China.
We don't build bridges anymore it is still expense it's -- environmentalists don't let it happen because there's a clam underneath the bridge and you can't do that and you know we don't build any no we don't do any we don't doomed -- -- great project same -- -- -- do you go to China.
And it's it's like you wouldn't believe what's happening -- there and they're doing it with our sweat and with our money.
The bridge we're building is one that no one would build a bet that threat to cut out of nowhere we have to bridge to nowhere that -- -- -- -- that's so we just.
Let's -- on with a kitchen reply owners are very Smart woman who spent the state department of the regimen not right bush and select some -- -- -- doctor David Kissinger.
Russia was an intern for Kissinger -- related -- amount of dole on narrow that input in that she's -- she says to measure of she says -- over to but the China thing I've got to talking about your position -- she says what China is gonna develop.
A market for their products -- to America and our own country.
And I didn't argue whether to -- wasn't intellectually record traditional.
But it did occur to me that -- -- honest all the other segments of the -- -- at random nine cents an art of makeup so.
Well -- -- -- right they're trying to develop that market that market isn't there right now and a very big way but they're trying it looks scary -- Everything we're doing data you know -- copycats and now I don't know if you saw they're trying to make their own jetliner -- all of -- sudden they're going to be making.
Nothing but trouble for Boeing.
You know they make a deal with borrowing they take their technology because they order -- jets and they see -- but we want to take that technology Lou what this would want that.
About -- usually they steal it if they don't take enemy they just -- -- but what what's happening with China is unbelievable and it's unleashed and you know frankly the only candidate that -- -- out there that talks about it is Mitt Romney.
One of the reasons -- endorsed him -- the only one that's out there that -- about China he gets -- The other people never even you -- here about it and debates.
And it's one of our big problems and OPEC is not a lot of it OPEC these guys are sitting around laughing at the stupidity of our leaders they can't they cannot believe they getting away with what -- getting away with.
-- and -- million nomination wanna forget to the point.
And -- from what I've heard as of August or September.
Or have a brokered convention what happens -- Well I don't think it's gonna happen I think Romney's got to win Michigan I've been doing programs in Michigan it's just.
Very interest about -- rather make --