At a White House press briefing, Stephen Miller was asked about the goal of China tariffs.
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00:00So thank you Steven. And as always, we'll start with our new media seat today, Chris Bedford from the Blaze Media. Why don't you kick us off?
00:06Thank you very much. Steven, what is the end goal of the China tariffs right now? Is the idea to open up the Chinese markets through a deal to a better market for exporting American goods to China? Is it a reconfiguration of global trade in a way that isolates China from free countries?
00:22Go. So China is a unique situation, obviously. The President has talked at length about what happened to us economically since China's entrance into the World Trade Organization and the trillions and trillions of dollars of trade deficits that we've racked up with China over the period of that time and what that's meant for our national security, what that's meant for economic security, what that's meant for our supply chains.
00:42Obviously, right now, the Secretary of the Treasury is in the process of developing a plan that will answer the questions that you're talking about.
00:50But the President's goals have been very clear on these points, which is that he is not going to allow China to continue to steal our intellectual property, to continue to illegally dump and subsidize their goods in our markets, to manipulate their currency, to rack up an unsustainable trade deficit.
01:09We need to have a trade relationship with China that does not do harm to our nation's economic and national security, and that has to be the guidepost of any objective.
01:18At the same time, terrorists will bring significant revenue into this country that will allow us to pursue our dramatic plan of tax cuts and reforms.
01:26Awesome. Great. Bloomberg, go ahead.