WEBVTT

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Let me ask you about adversaries,

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because among Trump

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supporters is a view:

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Because Trump is so crude,

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so obnoxious, so overbearing,

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so insulting,

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he must impress the Chinese

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no end. That,

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that kind of—

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they must look at him and say:

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Here is one rough, tough guy who

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we better not fool around with.

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And, you know,

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Obama was so polite, and

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George W. Bush was so affable.

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We didn't,

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we don't respect them, but

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we can respect this guy.

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And the world,

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the world now

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fears Donald—fears

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to cross Donald Trump.

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What is your assessment

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of what the adversaries think?

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Well, China's laughing, okay?

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China is—

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plays a long game.

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They understand that in

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a trade war

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with the United States,

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in many ways,

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they have the upper hand. Why?

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In large part

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because they're not a democracy.

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And they can withstand

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economic pain, blame it—

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blame it on the United States,

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and their people will eat it.

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That's not going to work here

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in the United States.

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And plus,

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China is looking at the

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damage that we are doing to

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economies around Asia

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and seeing an opportunity

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for them to fill a vacuum

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in the bilateral

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trade relationship

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that we've left.

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Moreover,

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China

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played Trump's game with him,

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and he said,

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Trump said, you know,

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we're going to tariff

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you this amount,

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and China said, okay,

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I'll call you and raise you.

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And they went back and forth

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until it got to a crazy

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level.

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But the Chinese are

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not backing down.

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And the Chinese,

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moreover, are saying,

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beyond the trade room:

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We've got a whole bunch

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of non-trade things

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we can do

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to make your life miserable,

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Donald Trump.

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And that's

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when they went after rare earths

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and a whole bunch of of other,

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important

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products, commodities,

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that we depend on, that

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China only can provide.