English subtitles for clip: File:President Trump has an Expanded Bilateral Meeting with the President of France.webm

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The President: We were going 
to have a short little meeting,

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and it turned out to 
be a long meeting,

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and it could have gone on 
for another two hours.

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We discussed a lot of
things, a lot of problems

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in the world, a lot of
problems that we think

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can be solved.

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But we've come a long way,
just the two of us, I

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think, as understanding.

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We talked about Iran;
we talked about Syria.

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We talked about a lot of
subjects that really are

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big, big, hard situations.

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And we think we have
solutions to a number of them.

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So, we're going to
continue that now, and

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then Emmanuel and myself
will meet again, I think,

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after this meeting.

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But we wanted to get the
opinion of some of the

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experts in the room.

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We have great experts on
both sides, so we wanted

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to get the opinion of
some of the experts.

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Very good numbers are
coming out on our businesses.

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You're seeing the numbers
that are getting released

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on our companies
and our businesses.

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They're very strong.

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The economy has been
really incredible.

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Unemployment, now, is at
the lowest point ever in

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history in many,
many states.

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The states were
enumerated last night.

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Late last night the
numbers came out.

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And we've hit the lowest
unemployment numbers in

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many decades,
in some cases.

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And in some cases, the
lowest numbers, period.

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It was just reiterated
that unemployment for

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African American families
- it's been the best in history.

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For Hispanic families,
the best in history.

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For women, the
best in 18 years.

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And that's very close to
going much higher than that.

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So it's really
something very special.

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So we're very
happy about that.

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The President and I
are working on trade.

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The trade with France is
complicated because we

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have the European Union.

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I would rather deal
just with France.

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The Union is very
tough for us.

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They have trade barriers
that are unacceptable.

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Our farmers can't send
their product into the

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European Union easily
as they should.

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And we accept
their products.

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So we have to make
a change, and they

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understand that.

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And we're negotiating
- Wilbur and Steve and

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everybody - we're
negotiating with the

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European Union.

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But it's been very
unfair for a long time.

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We had a trade deficit
with the European Union of

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$151 billion last year.

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That's unacceptable.

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This has been going on for
many years,

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and that's unacceptable.

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The Treasury Secretary,
Steve Mnuchin, will be

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going to China in a few
days to negotiate on trade.

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I think China is very
serious; we're very serious.

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And we have no choice
but to be very serious.

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You know we've put on very
substantial tariffs, and

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that will continue unless
we make a trade deal.

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I think we've got a very
good chance of making a deal.

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As you know, they've just
stated - President Xi,

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a terrific guy and a
friend of mine, but he's

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representing China, and
I'm representing

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the United States.

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President Xi made a speech
four days ago where he

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said that China is
going to be opened up.

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Because it's not
opened up right now.

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They trade with us; we
can't trade with them.

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They did $504 billion last
year, and we did $120 billion.

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That's a tremendous
imbalance,

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and we can't have that.

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So we're going to have
a delegation, at their

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request, go to China.

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They came here recently,
and we're going there.

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And that'll be good.

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European Union, by the
way, we are going back to that.

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We're negotiating with
the European Union.

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They had their
representatives come here.

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And I think we're negotiating 
very, very seriously.

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NAFTA, as you know,
is moving along.

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They have an election
coming up very soon, and

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it'll be interesting to see 
what happens with that election.

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But we're doing very
nicely with NAFTA.

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I can make a deal very
quickly, but I'm not sure

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that that's in the best
interest of the United States.

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We'll see what happens.

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But we're doing very well.

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In South Korea, on our
trade deal,

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we're doing very well.

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And as far as North Korea
is concerned, we are going

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to be having a meeting
with Kim Jong-un,

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and that will be very soon.

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We have been told directly
that they would like to

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have the meeting as
soon as possible.

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And we think that's a
great thing for the world.

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That's a great thing for
North Korea and South

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Korea and Japan and
France and everybody.

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So, we're having very -
very good discussions.

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Kim Jong-un, he really has
been very open and I think

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very honorable from
everything we're seeing.

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Now, a lot of promises
have been made by North

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Korea over the years, but
they've never been

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in this position.

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We have been very, very
tough on maximum pressure.

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We have been very tough
on, as you know, trade.

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We've been very, very
tough at the border.

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Sanctions have been the
toughest we've ever

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imposed on any country.

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And we think it will be
a great thing for North

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Korea and it will be a
great thing for the world.

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So we'll see where
that all goes.

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Maybe it will be wonderful
and maybe it won't.

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And if it's not going to
be fair and reasonable and

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good, I will - unlike past
administrations, I will

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leave the table.

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But I think we have a
chance of doing something

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very special with
respect to North Korea.

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Good for them, good for
us, good for everybody.

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And with that, thank
you all very much.

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Mr. President, would you
like to say something?

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President Macron: Thank
you, Mr. President,

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for these words.

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We will have this large
meeting with (inaudible)

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together again before the
press conference, just to

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say we have had very good
discussion, indeed, on

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Syria, on Iran, the
overall region, and some

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other very important
topics regarding our security.

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And I think we have to
work together because

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we've always worked
together on these issues,

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and it's very important to
preserve the stability

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of this region.

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And I think what we want
to do in the interest of

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our people is precisely
to preserve stability of

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sovereign states,
without any hegemon.

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As for the trade issue,
you presented your

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perception of the
situation and you were

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fair to remind everybody
that bilateral

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relationship is balanced 
between France and the U.S.

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The President: It's true.

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President Macron: And I
think it's very important

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to bear in mind that,
between allies - I mean,

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regarding so important
security issues, it's

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impossible to make
any trade war.

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We have to deal with
common global challenges

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regarding our trade.

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One of these global
challenges is definitely

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over-capacities in
steel and aluminum.

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And we have to
fix the situation.

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I think we have now to
work fairly on that.

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We need several
discussions and serious

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discussions, as
you mentioned.

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But I think our
willingness is precisely

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to preserve this
multilateral framework,

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and to work very closely
together in the middle

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interest to deal with this
current destabilization of

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trade situations.

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As for the other aspects,
we discussed, as well,

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about the Paris Agreement
and our outcome and

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challenges
regarding climate.

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And I have to say that
our business people,

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our scientists, work very
closely together, and we

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want to increase
this cooperation.

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We know everything about
the treaties and the

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international agreements,
but I think beyond that,

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we have a lot in common to
work on and we will follow

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up this discussion in the
coming weeks and months.

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And now we will have the
opportunity to go into

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details on a lot
of these issues.

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But thanks very much,
again, Mr. President, for

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the very direct and
fruitful discussion we have,

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you and me, and for
the opportunity to discuss

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with your Vice President
and your Secretaries

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on these issues.

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Thanks very much.

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The President: Well,
we have had a great

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relationship on just
about everything.

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And too bad it's not just
us doing the negotiating

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for the rest of the world.

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But we have had a
great relationship.

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And our trade situation
with France by itself has

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been very good.

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The trade product and the
trade deals that

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we do with France -
unfortunately, the

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European Union represents,
to a large extent, France

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- and we've had a pretty
unfair situation with the

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European Union, but a very
fair one with France.

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So that will continue.

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That will always continue.

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We will always be very
close to, really, our

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oldest ally, when
you think of it.

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France is our oldest ally.

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And we will - we are going
out of our way to do that.

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I think we've really had
some substantive talks on

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Iran, maybe more than
anything else, and we're

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looking forward to
doing something.

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But it has to be done,
and it has to be done strongly.

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And they've very much been
butchers and we can't

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allow that to happen.

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So we understand each
other, and we'll see how

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that comes out.

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And we could have at
least an agreement among

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ourselves fairly quickly.

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I think we're fairly close
to understanding each other.

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And I think our meeting,
our one-on-one,

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went very, very well.

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I hope you feel
the same way.

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President Macron:
Definitely.

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The President: Thank you
very much, Emmanuel.

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President Macron: Thank
you.

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The President: 
Thank you everybody.