Short excerpt from a YouTube video (April 23, 2025) where an unidentified speaker asks Donald Trump about China and whether he is considering lowering Chinese tariffs. Trump responds with a brief statement: "Fair deal with China? It's going to be fair." The exchange centers on tariffs and US–China trade relations.
Clarify, Mr. President, on China. Are you thinking about. Are you thinking about lowering their tariffs?
Fair deal with China? It's going to be fair.
Are you talking to them actively now?
Actively. Everything's active. Everybody wants to be a part of what we're doing. They know that they can't get away with it any longer, but they're still going to do fine. And we're going to have a country that you can be proud of, not a laughing stock all over the world for many years. You know, in 1913, they traded to the income tax system. We used to be all terrible, and we had no income taxes. Income tax. And we had the wealthiest country we've had proportionately from about 1870 to 1913, it was all tariffs. And we did. We had more money than anybody. They had committees how to spend the money. They had so much money they didn't know how to spend. Then some brilliant person said, let's go income tax. Let's let the people pay. Now we're going to be able to substantially lower taxes when this is finished.