Trump: ‘We’re Going to Have a Fair Deal with China’

Reporter: “... clarify, Mr. President, on China. Are you thinking about — are you thinking about lowering their tariffs?”
Trump: “We’re going to have a fair deal with China, it’s going to be fair.”
Reporter: “Are you talking to them actively now?”
Trump: “Actively. Everything’s active. Everybody wants to be a part of what we’re doing. They know that they can’t get away with it any longer, but they’re still going to do fine. And we’re going to have a country that you can be proud of, not a laughingstock all over the world for many years. You know, in 1913 they traded to the income tax system. We used to be all tariff and we had no income tax, so we had the wealthiest country we’ve ever had. Proportionately from about 1870 to 1913 it was all tariffs, and we did — we had more money than anybody. They had committees, how to spend the money. They had so much money they didn’t know how to spend. Then some brilliant person said, ‘Let’s go income tax, let’s let the people pay.’ Now, we’re going to be able to substantially lower taxes when this is finished.”