
Editor's note: On October 31, 2025, correspondent Norah O'Donnell spoke with President Donald J. Trump at Mar-a-Lago in Palm Beach, FL, and this is a transcript of that conversation. They started by discussing the president's recent meeting with China's President Xi Jinping.
https://www.cbsnews.com/news/read-full-transcript-norah-odonnell-60-minutes-interview-with-president-trump/
PRESIDENT DONALD TRUMP: Well, first of all, we get along great, and we always really have. We had the COVID moment, which was not-- attractive as far as I was concerned. I wasn't so happy. But outside of that, we have always had a great relationship. He's a powerful man. He's a strong man, a very powerful leader. And-- we've always-- had the best of relationships, probably the best of-- I could-- I think I could speak for him, just about as good as it gets from his standpoint and from my standpoint. And having that is important because of the power of the two countries.
NORAH O'DONNELL: What did you get out of this deal that you wanted?
PRESIDENT DONALD TRUMP: Well, I got sort of everything that we wanted. We got-- no rare earth threat. That's gone, completely gone. We have tremendous amounts of-- dollars pouring in-- 'cause we have-- very big tariffs, almost 50%. We never had anything in terms of tariffs, although I put tariffs on China, but Biden let it lapsed by the-- by the fact that he gave exemptions on almost everything, which was just ridiculous.
But-- we have-- billions and billions of dollars coming in, and we have a very good relationship. I mean, we have-- a great relationship with a powerful country. And I've always felt if we can make deals that are good, it's better to get along with China than not, if you can't make the right kind of a deal than not, because, you know, China, along with many other countries (they're not alone in this), they've ripped us off from day one.
They've ripped us so much. They've taken trillions of dollars out of our country. And now they're-- it's the opposite. I mean, we're doing very well with China, and hopefully they're gonna do very well with us. But I do think it's important that China and the U.S. get along, and we get along very well at the top.
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