President Trump Participates in a Signing Ceremony of an Agreement between the United States and China
This video is about President Trump’s remarks at a signing ceremony of an agreement between the United States and China at the White House on January 15, 2020. Trump begins by saying that today, they take a momentous step toward a future of fair trade as they sign phase one of the historic trade deal between the United States and China.
Next, Mike Pence remarks that they announced today great progress on protecting intellectual property, on preventing forced technology transfer and currency manipulation. He adds that the greatest impact may well be on American agriculture. He says that some $40-$50 billion in purchasing secured in this deal will result in greater prosperity for farmers all across the land. Next, President Trump states that they have had 141 days where they hit all-time highs. He adds that they just broke the 29,000-mark on the Dow.
Donald Trump says about Jerry Moran that they are working very closely together with the vets. He says that it is incredible what’s happened with what they approved on Choice. He exclaims that they do not hear complaints about the VA anymore. Trump says that for decades, American workers, farmers, ranchers, manufacturers, and innovators have been hurt by the unfair trade with China. He says that forced technology transfer and intellectual property theft have been huge problems. Donald Trump says that in June of 2016, in the great state of Pennsylvania, he promised that he would use every lawful presidential power to protect Americans from unfair trade and unfair trade practices.
President Trump remarks that their efforts have yielded a transformative deal that will bring tremendous benefits to both countries. He says that the agreement they signed today includes groundbreaking provisions in an area of critical importance to the United States – protecting intellectual property. He exclaims that it is a great deal for both countries. He says that China has made substantial and enforceable commitments regarding the protection of American ideas, trade secrets, patents, and trademarks. He adds that China has also pledged firm action to confront pirated and counterfeit goods.
Trump says that they are going to be spending much more than $200 billion over the next two years, including up to $50 billion on agriculture alone. He says that on manufacturing, they will be spending $75 billion. He states that they are doing another big one next week with Canada and Mexico. Robert Lighthizer says that this phase one agreement is the result of over two years of hard work. He says that this agreement will benefit both the United States and China.
Secretary Mnuchin states that tax cuts, regulatory relief, and great trade deals are making the U.S. economy stronger and helping American businesses and workers and farmers. After that, Liu He reads the letter from President Xi Jinping. He says that in the next step, the two sides need to implement the agreement in real earnest and optimize its positive impact so as to make even greater progress in China-U.S. trade and economic cooperation. He mentions that Chinese businesses will purchase 40 billion U.S. dollars of agricultural products from the United States annually.
Liu He says that President Xi Jinping points out that there are a thousand reasons to make China-U.S. relations succeed and not a single one to let it fail. Next, Cui Tiankaisays that as they have reached the phase one trade agreement, it is now important that they leverage the opportunity earnestly, implement the strategic consensus reached between their two Presidents, and keep their bilateral relations in the right direction. Donald Trump ends his part by saying that it is a great honor to be involved.
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