Oct. 18, 2025 - Epoch Times
02:22
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| Time | Text |
|---|---|
| Donald Trump wanted an end to currency manipulation. | |
| He wanted the Chinese to stop stealing American intellectual property when American companies were in China. | |
| He wanted uh to stop the forced transfers of tech and a whole bunch of other things, which is just China cheating. | |
| And they said, no, we can't do that. | |
| And why? | |
| It's a communist party. | |
| So I think that during that first term, Donald Trump understood what that industrial policy was about, right? | |
| They're not in the global system to play fair. | |
| They're not in the global system because they believe in uh they believe in balance of powers. | |
| They believe in dominating the system. | |
| I think it's important for us to realize this. | |
| He does not trust Xi Jinping. | |
| He does not trust the Chinese Communist Party. | |
| Well, I'm going to now read this is the perfect moment to read the president's observation that you uh cataloged in your book through your interview with him. | |
| So this is what he said, and this is uh looking at that precise trade deal that you mentioned, right? | |
| He said, I think you have some very powerful forces in China. | |
| President Xi is a very smart and powerful man, but you have other forces that are strong. | |
| I saw it firsthand. | |
| He viewed my relationship with him and my position as president as very important. | |
| They were very embarrassed when they said this to us because this was like having a deal ready to be signed, and the deal was virtually ready to be signed, and then they withdrew it. | |
| And I believe that they had some additional forces in China that did not want to. | |
| I have no doubt in my mind, but that deal didn't happen. | |
| So this is incredibly interesting because there was this, you know, agreement, verbal agreement from Xi, yet the deal was withdrawn, and then this sort of second uh uh highly watered down version of a deal came through. | |
| Um, I uh Jan, I'm really glad you picked that out because I think it's a really important thing and really fascinating because it gives an insight into what Donald Trump not only thinks of Ed G, but how Donald Trump is trying to position Gi. | |
| And look at where he is right now with the tariffs, and look at what he's talking about. | |
| I mean, I mean that the you know, a hundred percent tariffs. | |
| I mean, this is astonishing, right? | |
| So so Donald Trump is actually fighting it and he understands what it means. | |
| I uh again, I I'm I'm certain that that he understands what he's asking for is something that the Chinese Communist Party cannot do. |
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