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good. i don t think they ll retaliate, but if they did, we have the ultimate form of retaliation. i think there s very few jobs left in china. we would be able to step it up. i ve been very mild about it, very, very mild. there s a long way i can go. somebody had to take on what was happening with china. we can t allow china to take out of our country $507 billion every year, not including intellectual property theft and so many other things. we re having very good talks with china. i think things will happen, but we ll see. reporter: if they do retailate would you want your team to meeting in september. september, the meeting is still on, as i understand it. but more importantly than september, we re talking about phone, having productive talks. they would like to do something. i will tell you that. the talk we had a few days ago with my two representatives, nobody knew what was on that
companies. they don t tax our companies. so france did that. i told them, don t do it, if you do it, i m going to tax your wines. we re working on that right now. [question inaudible] good. i just spoke to him. i have a good relationship with president macron. but they shouldn t have done this. they used to take advantage of the united states but not with me as president. i look at deals that were done with other presidents and this country and it s a disgray that our country allowed this to happen. for china for years and years making from 300 billion to $507 billion a year. okay? now we re taking in billions of dollars from china and it s all turning around. whether a deal is made they re going next week to have more meetings. meeting after meeting. i don t think china would sign a
with china, $507 billion. you look over these for many, many years, they ve been taking. and guys like biden say he was there eight years. we d stop that. no, trump is stopping that. trump is stopping that. [scattered applause] so representative ayanna pressley [boos] issue related in any way to elvis? i don t know. who knows? you never know. if she thinks that people with the same skin color all need to think the same. she said we don t need any more brown faces that don t want to be around voices. we don t need black faces that don t want to be a black voice.
china made we had a surplus meaning they did on us of $507 billion. it is been hundreds of billions of dollars a year for many, many years. so obviously we can t make a 50/50 deal. it has to be a deal that is somewhat tilted to our advantage and if we don t do that, we re taking in a fortune from tariffs and we re hurting china because many of the companies are leaving and going to a non-tariff state. so they don t have to pay the tariffs. and the other misconception about china and i think you read an article today in the wall street journal about it, people aren t paying for those tariffs. in that case certainly. china is paying for them. and those companies are paying for them. china devalued their currency substantially and put money into their economy. they re pouring in. it is fake money but it is money. and they re pouring money into their economy to take care of the tariffs. our people aren t you don t have increased inflation, you have no increased inflation. but i ll te