We know that the most consequential relationship in the world is between the U.S. and China.

U.S., 28% of the global economy, China close to 20, that's almost half of the global GDP. And we know that you called President Xi Jinping last Friday.

We heard that you had a good discussion.

How do you see the relationship between the U.S. and China in the next four years under your leadership?

He called me, but I see it very good.

I think that we're going to have a very good relationship.

All we want is fairness.

We just want a level playing field.

We don't want to take advantage.

We've been having massive deficits with China.

Biden allowed it to get out of hand.

He's $1.1 trillion deficit's ridiculous.

And it's just an unfair relationship.

And we have to make it just fair.

We don't have to make it phenomenal.

We have to make it a fair relationship.

Right now it's not a fair relationship.

The deficit is massive, as it is

with other countries, a lot of Asian countries, actually, but we have deficits that are very big,

and we can't keep doing that, so we're not going to keep doing that. But I like President Xi

very much. I've always liked him. We always had a very good relationship.

It was very strained with COVID coming out of Wuhan. Obviously, that strained it. I'm sure it's strained it with a lot of people.

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