REMARKS BY PRESIDENT TRUMP AND PRESIDENT ERDOĞAN OF TURKEY BEFORE BILATERAL MEETING International Exhibition Center Osaka, Japan

Office of the Press Secretary FOR IMMEDIATE RELEASE June 29, 2019 REMARKS BY PRESIDENT TRUMP AND PRESIDENT ERDOĞAN OF TURKEY BEFORE BILATERAL MEETING International Exhibition Center Osaka, Japan   1:11 P.M. JST      PRESIDENT TRUMP:  Well, thank you very much.  It's my honor to be with a friend of mine, somebody I've become very close to, in many respects, and he's doing a very good job: the President of Turkey.      And we have a meeting largely to do with trade.  We're doing more and more business, and we expect to be able to quadruple that business with Turkey.  We think it will be great.      They're great craftsmen.  They have great product.  And we're opening it up.  We also do military trading, and they buy a lot of our military equipment.      And it's an honor to be with you, Mr. President.  Thank you.      And look at these people, how nice they are.  Look at them.  They're so easy to deal with.  Look at them.  Central casting.  There's no Hollywood set where you could produce people that look like them.      Please.      PRESIDENT ERDOĞAN:  (As interpreted.)  Mr. President, first, I would like to express that it's very meaningful for us to come together here at the Osaka Summit.  And we are currently going towards fulfilling the goal of a $75 billion trade volume.      And there are many steps that we need to take within the defense industry area, but, more importantly, we have a strategic partnership.  And the strategic partnership also encourages us to create solidarity across many areas, and I have full belief that our solidarity will continue throughout the strategic partnership.      Thank you.      Q    Mr. President, what will you do about the S-400s?  Is the U.S. going to have to impose sanctions if he takes possession?      PRESIDENT TRUMP:  Well, we're discussing it.  We have a complicated situation because the President was not allowed to buy the Patriot missiles.  So when he bought the other ones -- the S-200s or 400s -- when he bought them, he wanted to do this, but he wasn’t allowed by the Obama administration to buy them until after he made a deal to buy other missiles.      So he buys the other missile and then, all of a sudden, they say, "Well, you can now buy our missile."  You don’t -- you can't do business that way.  It's not good.  It's not good.      Q    Does that mean is there way -- so could you --      PRESIDENT TRUMP:  We're looking at different solutions.  It's a problem, there's no question about it.  We're looking at different solutions.      But he was prohibited from buying until he said he bought something else.  And then, as soon as he buys something else, everybody says, "Okay.  You can buy it."  You can't do business that way.  Turkey has been a friend of ours and they've done -- we've done great things together.  We're a big trading partner.  We're going to be much bigger.  I think the $75 billion is small.  I think it's going to be well over $100 billion soon.      You can't treat people that way, like the Obama administration did.      Q    Will you be discussing the killing of Jamal Khashoggi at the Istanbul Saudi consulate?      Q    Will you sanction (inaudible)?      PRESIDENT TRUMP:  We're going to have a news conference back at the hotel.      We had a very good meeting with President Xi of China.  Excellent.  I would say excellent.  As good as it was going to be.  We discussed a lot of things.  And we're right back on track, and we’ll see what happens.      But we had a really good meeting.  I think President Xi will be putting out a statement -- maybe giving a statement -- but he'll be putting out a statement shortly, and we will too.  I think we'll probably save ours for about 3:30 or so at the hotel.  We're going to go to the closing ceremony, and then we'll go over to the hotel and we'll do a news conference.      Q    Will the U.S. impose sanctions against Turkey on S-400 purchase?      PRESIDENT TRUMP:  We're looking at it.  But it's a double -- it's a two-way street.  They wouldn’t sell the President -- they wouldn’t let him -- they wouldn’t let him buy the missile that he wanted to buy, which is the Patriot.  And then, after he buys from somebody else, he says "Now we'll sell you the Patriot."      So, I have to tell you, he's a NATO member, he's somebody that I have become friendly with.  And you have to treat people fairly.  You understand that.  You have to treat people fairly.  And I don’t think he was treated fairly.  I don’t think he was treated fairly.      Q    The ball is in your court though now, Mr. President.  Will you?  You're the one who makes the decision. Will impose the sanctions?      PRESIDENT TRUMP:  So we'll see you at the hotel at 3:30, where we'll talk about China.  But we had a very, very good meeting with China.  I would say, probably, even better than expected.  And the negotiations are continuing.      Thank you.  Thank you very much.      Q    Mr. President, are you going to Turkey in July?  Will you be going to Turkey in July, Mr. President?      Q    When are you going to Turkey?      PRESIDENT TRUMP:  I will, at some point, be going to Turkey.  I've been invited, and I will be -- I will be going to Turkey, yes.      Q    This year, Mr. President?  Will you go to Turkey this year?      Q    Will you go in July?      PRESIDENT TRUMP:  We haven’t set a date.  Thank you.                               END                 1:18 P.M. JST

REMARKS BY PRESIDENT TRUMP AND PRESIDENT XI OF THE PEOPLE'S REPUBLIC OF CHINA BEFORE BILATERAL MEETING International Exhibition Center Osaka, Japan

Office of the Press Secretary FOR IMMEDIATE RELEASE June 29, 2019 REMARKS BY PRESIDENT TRUMP AND PRESIDENT XI OF THE PEOPLE'S REPUBLIC OF CHINA BEFORE BILATERAL MEETING International Exhibition Center Osaka, Japan   11:48 A.M. JST      PRESIDENT XI:  (As interpreted.)  Mr. President, let me make a few opening remarks.      It's my great pleasure, Mr. President, to meet you in Osaka.  Forty-eight years ago, in 1971, in a place called Nagoya, just over 100 kilometers from here, Chinese and American ping-pong players participating in the 31st World Table Tennis Championships had friendly interactions with each other.  And that marked the beginning of what we now call "Ping Pong Diplomacy."   The small ball played a big role in moving world events.  And then, eight years later, in 1979, our two countries established diplomatic relations, 40 years ago.      Forty years on, enormous change has taken place in the international situation and U.S.-China relations.  But one basic fact remains unchanged: China and the United States both benefit from cooperation, and lose in a confrontation.  Cooperation and dialogue are better than friction and confrontation.      Recently, Mr. President, you and I have stayed in close communication through phone calls and exchange of letters.  Today, I'm prepared to exchange views with you on the fundamental issues concerning the growth of China-U.S. relations so as to set the direction for our relationship in the period to come and to advance the China-U.S. relationship based on coordination, cooperation, and stability.      PRESIDENT TRUMP:  Thank you very much, Mr. President.  We have had a lot of time together, and we've become friends.  My trip to Beijing with my family was one of the most incredible of my life.  I've seen a culture that rarely would you see.  Chinese culture is an incredible culture.      I look forward to working with you.  As you know, we've had a excellent relationship, but we want to do something that will even it up with respect to trade.  I think it's something that's actually very easy to do.      I actually think that we were very close, and then we -- something happened where it slipped a little bit, and now we're getting a little bit closer.  But it would be historic if we could do a fair trade deal.  We're totally open to it, and I know you're totally open to it.  I know all of your representatives have been working very hard with my representatives and the representatives of the United States.      And I will say that I think this can be a very productive meeting, and I think we can go on to do something that truly will be monumental and great for both countries, and that’s what I look forward to doing. And thank you very much hosting us.  We appreciate it.  Thank you.          PRESIDENT XI:  (As interpreted.)  Thank you.      Q    Mr. President, are you prepared to (inaudible) from Huawei -- to end (inaudible)?      PRESIDENT TRUMP:  Thank you very much everybody.  Thank you.      Q    Mr. President, how close are you to getting a deal?      PRESIDENT TRUMP:  Thank you.                  END   11:52 A.M. JST

REMARKS BY PRESIDENT TRUMP AND CROWN PRINCE MOHAMMAD BIN SALMAN OF THE KINGDOM OF SAUDI ARABIA BEFORE WORKING BREAKFAST Imperial Hotel Osaka Osaka, Japan

Office of the Press Secretary FOR IMMEDIATE RELEASE June 29, 2019

REMARKS BY PRESIDENT TRUMP AND CROWN PRINCE MOHAMMAD BIN SALMAN OF THE KINGDOM OF SAUDI ARABIA BEFORE WORKING BREAKFAST Imperial Hotel Osaka Osaka, Japan   8:40 A.M. JST      PRESIDENT TRUMP:  Thank you very much.  It's an honor to be with the Crown Prince of Saudi Arabia, a friend of mine, a man who has really done things in the last five years in terms of opening up Saudi Arabia.  And I think especially what you've done for women.  I’m seeing what's happening; it's like a revolution in a very positive way.      And I want to just thank you on behalf of a lot of people, and I want to congratulate you.  You've done, really, a spectacular job.      We've had some meetings on trade and economic development and on the military, of course.  And the meetings have been really terrific.  As you know, Saudi Arabia is a purchaser of American products and especially of America military equipment.  We make the best in the world, by far.  And we appreciate that they do.  They create -- at least a million jobs are created by the purchases made by Saudi Arabia.      So, we're very happy to be with you.  Great honor.  Thank you all very much for being here.  Thank you.      Would you like to say something?          CROWN PRINCE BIN SALMAN:  Thank you, Mr. President, for your warm welcome.  We're trying to do our best for our country, Saudi Arabia.  And it's a long journey, so we believe me -- my people, Saudi people, did a lot in the past few years and we need to do more.  And with you, Mr. President, we did a lot of great achievement in the political side, security side, military side, and economical side, especially been never done before.      PRESIDENT TRUMP:  Right.          CROWN PRINCE BIN SALMAN:  So I believe that will contribute in our both country, good for GDP growth, job creation, and more safety for both countries.  So we hope to do more, Mr. President.      PRESIDENT TRUMP:  And one thing that you're doing maybe is almost at the top of the list, and probably is at the top of the list, is your fight on terror.      For a long time, there were questions as to whether or not Saudi Arabia -- and other countries -- were sponsoring terror.  And I know, when speaking to not only you but your father, the King, a tremendous effort has been put on to go the exact opposite way.  And so all of the money that was going for groups that we don't like, that are not good, you've ceased.  And I appreciate that very much.  We've carefully followed it, we've studied it very carefully.  And you have actually stopped.  And I really appreciate that, and the world really appreciates it.      So, thank you very much.  And thank you for being here.          CROWN PRINCE BIN SALMAN:  Thank you, Mr. President.      PRESIDENT TRUMP:  Thank you.  Thank you very much, everybody.      Q    Mr. President, will you discuss Jamal Khashoggi?      Q    Mr. President, will you meet with Kim Jong Un tomorrow at the DMZ?      PRESIDENT TRUMP:  Well, I put a -- I'll be going to South Korea.  We're going with President Moon.  We were with the President in Japan for a little while, and we spoke.  And all I did is put out a feeler if he'd like to meet.      He sent me a very beautiful birthday card.  And I just -- what I did is -- and he -- I guess he got my return letter, because it's in the newspaper.  It's him reading the return letter.      But I just put out -- I just thought of it this morning. We'll be at the area.  We may go to the DMZ, or the border, as they call it.  That, by the way, when you talk about a wall, when you talk about a border, that's what they call a border.  Nobody goes through that border.  Just about nobody.  That's called a real border.      But we're going there.  We're going to look at it, be -- as really a point of interest.  We have some very big meetings with President Moon.  We are going to be seeing our soldiers.  As you know, we have 42,000 troops over in South Korea.  And we're going to be seeing our soldiers.  I'll be making a speech to our soldiers.  They're incredible.  They're really incredible.      And the base, which was built by South Korea for us, is a 10-billion-dollar base.  And it's the latest and the greatest.  It's something special.      So we're going to the base.  We'll be doing -- I mean, many of you will be coming with me, so I don’t have to go through it too much, and most of you know the schedule better than anybody.  You know every inch of that schedule.  I know you well.  So, we'll be there.       And I just put out a feeler, because I don’t know where he is right now; he may not be in North Korea.  But I said, if Chairman Kim would want to meet, I'll be at the border. Certainly, we seem to get along very well, I can tell you.  We seem to get along.  That’s a good thing, not a bad thing. You know, for the stupid people that say, "Oh, he gets along" -- no, it's good to get along.  It's good to get along.  Because, frankly, if I didn’t become President, you'd be right now in a war with North Korea.  You'd be having a war right now with North Korea.  And, by the way, that’s a certainty.  That’s not like maybe.           And instead of that, and instead of nuclear weapons being tested every day, and instead of ballistic missiles and all of the things, we got our prisoners back, our hostages; they're back -- safely back.  And we're very happy about that.  We’re very happy about the remains having come back.  And they're bringing back -- in fact, we were notified they have additional remains of our great heroes from many years ago.  And, if you remember, they were brought into Hawaii.  Mike Pence, Vice President, was there.      And most importantly, they have not done any nuclear tests.  They haven’t done any large-scale ballistic missile tests.  So a lot of good things have happened since the days of "we’re in Japan."  And I can tell you every -- it seemed every week somebody was calling me to say, "Missiles are being shot over Japan."          And maybe the happiest of what we've done are the Japanese people and our great Prime Minister Abe.  He's a great Prime Minster, the Prime Minister of Japan.  He's very happy with what we've done.      So, I'm in no rush whatsoever.  But I was in South -- I will be in South Korea.  I let him know, and we'll see.  If he's there, we'll see each other for two minutes.  That’s all we can.  But that will be fine.  And some of you will be there. Thank you.      Q     Mr. President, will you address the murder of Jamal Khashoggi, sir, with the Crown Prince?      PRESIDENT TRUMP:  Thank you very much.  I appreciate it.      Q    (Inaudible) concessions on Huawei?      PRESIDENT TRUMP:  Yeah, thank you very much.      Yeah, we'll be meeting with -- I'll be meeting with President Xi at about 12 o'clock today.  We'll be discussing Huawei, but we'll be discussing the trade deal.  We'll be discussing a lot things.  I was with him last night.  A lot was accomplished, actually, last night.  The relationship is very good with China.      As to whether or not we can make a deal, time will tell.  But the relationship itself was -- is really great.  We had an amazing -- we have a very good friendship.  We have a very, very good friendship, like I have with Mohammad.  I mean, we have a great -- a great relationship, and that’s very important, especially when you have a place like -- whether it’s Saudi Arabia, in all fairness, or China, or any country.  Or any country.  Or North Korea.  It's about relationship.  Otherwise, you end up in very bad wars and lots of problems.  The relationship is very important.      Thank you all very much.  Appreciate it.  Thank you very much.            END          8:47 A.M. JST

REMARKS BY PRESIDENT TRUMP AND CHANCELLOR MERKEL OF GERMANY BEFORE BILATERAL MEETING International Exhibition Center Osaka, Japan

Office of the Press Secretary FOR IMMEDIATE RELEASE June 28, 2019 REMARKS BY PRESIDENT TRUMP AND CHANCELLOR MERKEL OF GERMANY BEFORE BILATERAL MEETING International Exhibition Center Osaka, Japan   10:39 A.M. JST      PRESIDENT TRUMP:  Thank you very much.  It's great to be with Chancellor Merkel, a friend of mine -- a great friend of mine.  And we've had a terrific relationship. The trade between Germany and the United States, I think, has reached a -- pretty much a high level.  We'll see if we can do even better, but it's reached a level that it's never reached before. And we have many things to talk about, and we have a long meeting scheduled.  And we'll be spending some time later on together also.  But I just want to say she's a fantastic person, a fantastic woman, and I'm glad to have her as a friend. And thank you very much, Angela.  Thank you.      CHANCELLOR MERKEL:  Thank you.      PRESIDENT TRUMP:  Thank you.      CHANCELLOR MERKEL:  (As interpreted.)  Thank you.  Thank you very much.  I very much look forward to our exchange today. We have a lot on our agenda, especially the fact that German investment in the United States is very important.  Not only bilateral trade is important but also German companies are investing a lot in the United States of America. We're going to talk about international issues, the developments on the international front too, especially about what has been happening in West Africa.  We will be also talking about counterterrorism, and I very much look forward to that exchange.  Of course, Iran will also be on our agenda today. PRESIDENT TRUMP:  I just passed a television set on the way here, and I saw that healthcare, and maximum healthcare, was given to 100 percent of the illegal immigrants coming into our country, by the Democrats.  And, unfortunately, they didn't discuss what they're giving to American citizens.  That's not a good thing.  So we just passed that, and then I came here. And I will say that we're going to have a very interesting time today. You know, they have a debate going on.  They had the first debate last night.  Perhaps you saw it.  It wasn't very exciting -- I can tell you that.  And they have another one going on today.  They definitely have plenty of candidates.  That's about it. So I look forward to spending time with you rather than watching the debate. Thank you. Q    President Trump, do you think Germany is living up to your expectations for them in terms of their defense commitments?         THE PRESIDENT:  The Chancellor is a great friend of mine.  She's a great friend of mine.      Thank you.                                END                   10:42 A.M. JST

REMARKS BY PRESIDENT TRUMP AND PRIME MINISTER MODI OF INDIA BEFORE BILATERAL MEETING International Exhibition Center Osaka, Japan

Office of the Press Secretary FOR IMMEDIATE RELEASE June 28, 2019 REMARKS BY PRESIDENT TRUMP AND PRIME MINISTER MODI OF INDIA BEFORE BILATERAL MEETING International Exhibition Center Osaka, Japan   9:41 A.M. JST      PRIME MINISTER MODI:  (As interpreted.)  Mr. President, at the beginning of my second term, I'm really very happy to have this opportunity to meet you.  I would also like to express my gratitude after the huge democracy in India.  The people of India gave us this huge victory -- this landslide victory.      The people of India have reposed -- have given me a second mandate.  And immediately afterwards, after the victory in the elections, you called me over the telephone and congratulated me.  And, two days ago, Secretary of State Pompeo carried a letter from you, which was a very warm letter.  Also, it expressed the kind of sentiments that you have towards India, your love towards India.  You expressed those issues.  Once again, Mr. President, let me thank you.      Secretary Pompeo visited India two days ago.  We had an opportunity to have discussions on many issues.  Also, he carried, as I said a short while ago, your warm message.  Given that we have a time limitation, in this meeting we would like to discuss four issues: Iran, 5G, bilateral relations, and defense relations.      The India-U.S. relations -- we have a vision, which is far-sighted and positive.  And India is committed to taking forward these relations within this far-sighted and positive vision.  We will continuously strive to do so. Once again, let me thank you, Mr. President, for having taken out time to meet me.  Thank you.      PRESIDENT TRUMP:  Well, thank you very much, Mr. Prime Minister.  And we've become great friends, and our countries have never been closer.  I can say that with surety.  And we work together in many ways, including military.  But we certainly work together on trade, and we'll be discussing trade today.      You did indeed have a landslide election.  That was a great election.  Seventy-two percent, as I understand it.  And that, in the United States, would be called a very big victory.  And you deserve it.  You've done a great job pulling everybody together.  You had many factions. I remember when you first took over, we were talking, and you had many factions and they were fighting with each other.  And now they all get along.  And you just -- you've really brought it together, and I think it's a fantastic tribute to you and your abilities.      Thank you very much for the relationship and the friendship.  And I think we're going to have a -- some very big things to announce.  A very big trade deal.  We're doing some very big things with India in terms of trade, in terms of manufacturing, in terms of -- we will be discussing 5G.  It's a big subject nowadays, and other things having to do with like manner. So, it's been a lot of fun being with you.  We've had some good talks already.  And, again, I think you'll be hearing some very productive elements come out. We had a joint meeting with -- as you know, as the press was there, we had a very successful meeting with Prime Minister Abe.  And we also are going to be announcing some very big trade transactions, some very big trade deals.  They're moving many plants -- auto plants -- into the United States.  And they announced some more this morning, and we're very happy about that. So, again, I want to thank you, and I want to congratulate you.  And I look forward to talking.  Thank you very much. PRIME MINISTER MODI:  Thank you.  Thank you. Q    Mr. President, what is the most important thing for India to do on trade? PRESIDENT TRUMP:  I think we just -- we'll continue to get along with India.  India is doing very well as a country.  We're doing very well as country. We have picked up, as you know, many trillions of dollars in worth and value at the United States.  And I think we consider, right now -- we'll be discussing it with Prime Minister Modi -- the hottest -- we're the hottest country in the world, the United States, right now.  And everybody wants a part of it. A big factor and a big relationship is that of India, and so we're going to be discussing many things.  All very positive.  I think you will see and you will hear it's all very positive.  The relationship with India, as I said, has, I don’t believe, ever been better than it is right now. Q    What's your message on Huawei, sir? PRESIDENT TRUMP:  Well, it's something we're going to be talking about.  We understand the subject very well.  We actually sell Huawei many of its parts.  A lot of people don’t know that, but the United States sells.  We have great companies that are the leaders of a lot of what Huawei does, and we sell them a lot.  So we're going to be discussing that and also how India fits in.  We'll be discussing Huawei.  Q    Mr. President, what will be your message on Iran? PRESIDENT TRUMP:  On who? Q    On Iran. PRESIDENT TRUMP:  Well, it's the same message I've been telling you for the last three days.  It's -- we have a lot of time.  There's no rush.  They can take their time.  There's absolutely no time pressure.  I think that in the end, hopefully, it's going to work out.  If it does, great.  And if doesn’t, you'll be hearing about it. Thank you. Q    How long will you delay the census for, Mr. President?  How long will you delay the census for, until we get the citizenship question on? PRESIDENT TRUMP:  Thank you very much everybody.                          END                 9:48 A.M. JST

Office of the Press Secretary FOR IMMEDIATE RELEASE June 29, 2019 PRESIDENT DONALD J. TRUMP IS STRENGTHENING OUR HISTORIC ALLIANCE WITH THE REPUBLIC OF KOREA  “The partnership between our two nations and our two people is deep and enduring. We have been proud to stand by your side for many decades as an unwavering friend and a loyal ally. And you have never had a time where this ally has been more loyal or stood by your side more than right now.”- President Donald J. Trump   A VITAL PARTNERSHIP: Today, President Donald J. Trump is visiting the Republic of Korea (ROK) to reaffirm a vital partnership that is essential to our economic and security interests. The United States and the ROK are key partners that share deep historical, security, and economic ties. Our vital partnership is based on the shared principles of democracy, human rights, and the rule of law. The United States-ROK alliance is the linchpin of peace, security, and prosperity in the Indo-Pacific region. This visit will advance and strengthen economic and security cooperation between our two nations. WORKING TOWARD THE DENUCLEARIZATION OF NORTH KOREA: President Trump is working closely with President Moon Jae-in of the Republic of Korea to achieve the final and fully verified denuclearization of North Korea and to establish a lasting peace on the Korean Peninsula. The United States and ROK coordination and cooperation regarding the denuclearization of North Korea is the strongest it has ever been. President Moon has been indispensable in assisting with President Trump’s negotiations with North Korean Chairman Kim Jong Un. President Trump has held two historic summits with Chairman Kim, advancing the goal of denuclearization of North Korea. Both President Trump and President Moon have repeatedly called on Chairman Kim to follow through on his commitment to completely denuclearize. President Trump and President Moon want a prosperous and peaceful future for North Korea under Chairman Kim’s continued leadership. ADVANCING FREE, FAIR, RECIPROCAL TRADE: President Trump is rebalancing United States trade with the ROK and strengthening our commercial ties. In 2018, the United States and the ROK two-way goods and services trade totaled more than $165 billion, including nearly $79 billion in United States exports to Korea. President Trump secured significant improvements to the United States–Korea Free Trade Agreement, doubling the number of America’s automobiles that can be exported to Korea without further modification and expanding exports of the finest American-made products to the ROK per year. Thanks to President Trump, the United States goods trade deficit with the ROK decreased by 23 percent in 2018 over the previous year. United States exports of auto and agricultural products, crude oil, and liquefied natural gas to the ROK increased in 2018. Since 2017, ROK firms’ direct investment into the United States totaled $50.6 billion. ROK investment in the United States is expected to grow by at least $6 billion in 2018, based on recent greenfield projects. ###

President Donald J. Trump Announces Intent to Nominate Individual to Key Administration Post

Office of the Press Secretary FOR IMMEDIATE RELEASE June 28, 2019 President Donald J. Trump Announces Intent to Nominate Individual to Key Administration Post Today, President Donald J. Trump announced his intent to nominate the following individual to a key position in his Administration:   Yuri Kim of Guam, to be Ambassador Extraordinary and Plenipotentiary to the Republic of Albania.   Ms. Kim is a career member of the Senior Foreign Service, class of Counselor, and has served in the Department of State as the Director of the Office of Southern European Affairs.  Previously, she was the Director of the State Department’s Center for the Study of Diplomacy, Chief of Staff to the Deputy Secretary of State, and Director of the Office of European Security and Political-Military Affairs.  She has also served as Special Assistant to the Assistant Secretary of State for East Asian and Pacific Affairs and as a member of the United States delegation to the Six-Party Talks to end North Korea’s nuclear program.  She also served as the Political Counselor at the United States Embassy in Baghdad, Iraq, and then at the United States Embassy in Ankara, Turkey.  Ms. Kim earned a B.A. from the University of Pennsylvania and an M.Phil. from Cambridge University.  She speaks Korean, Chinese (Mandarin), Japanese, and Turkish. ###

PRESIDENT DONALD J. TRUMP’S HISTORIC DEREGULATORY ACTIONS ARE BENEFITING AMERICAN FAMILIES, WORKERS, AND BUSINESSES

Office of the Press Secretary FOR IMMEDIATE RELEASE June 28, 2019 PRESIDENT DONALD J. TRUMP’S HISTORIC DEREGULATORY ACTIONS ARE BENEFITING AMERICAN FAMILIES, WORKERS, AND BUSINESSES “For many decades, an ever-growing maze of regulations, rules, restrictions has cost our country trillions and trillions of dollars, millions of jobs, countless American factories, and devastated many industries.  But all that has changed the day I took the oath of office, and it’s changed rapidly.” – President Donald J. Trump   HISTORIC DEREGULATORY ACTIONS: President Trump has reduced a historic number of burdensome and unnecessary regulations and stopped the massive growth of new regulations.  The Trump Administration’s deregulatory actions across a vast array of American industries are the most significant in United States history. The President signed 16 pieces of legislation deregulating education, mining retirement accounts, and more. President Trump has slowed the growth of new regulations, adding only four economically significant regulations each year (not counting deregulatory actions). Between 2001 and 2016, the Federal government added an average of 53 economically significant regulations each year.    Prior to President Trump, the norm in Washington was the addition of burdensome regulations that stifled economic growth. INCREASING INCOME AND SAVINGS: President Trump’s deregulatory agenda is putting more money back in the pockets of American families and workers. The President’s deregulatory actions are estimated to increase annual household income by $3,100. Combined with the President’s historic tax cuts, the average household will receive an increase of more than $6,600 per year. Sixteen pieces of deregulation legislation signed by President Trump are expected to increase annual real incomes by more than $40 billion. The Trump Administration has deregulated the healthcare sector, providing more affordable health insurance for American families and lowering the cost of prescription drugs. Americans will save nearly ten percent on prescription drugs. President Trump eliminated the individual mandate penalty in Obamacare, saving Americans billions of dollars annually. In 2018, the President signed the Economic Growth, Regulatory Relief, and Consumer Protection Act, creating an additional $6 billion in savings to Americans every year. UNLEASHING AMERICAN BUSINESSES: President Trump’s deregulatory actions have unleashed American businesses and spurred our economic boom. The elimination of unnecessary regulations has lowered costs for businesses and prices for American consumers. Twenty of President Trump’s deregulatory actions alone will save American consumers and businesses approximately $220 billion per year. The removal of crushing government mandates has allowed small businesses to invest and expand instead of wasting time and money on compliance costs. The deregulatory actions of the Trump Administration are increasing competition, productivity, and wages for American workers. ###

ON-THE-RECORD PRESS CALL ON THE CEA REPORT DETAILING THE POSITIVE ECONOMIC IMPACTS OF THE TRUMP ADMINISTRATION’S DEREGULATORY EFFORTS

Office of the Press Secretary FOR IMMEDIATE RELEASE June 28, 2019 ON-THE-RECORD PRESS CALL ON THE CEA REPORT DETAILING THE POSITIVE ECONOMIC IMPACTS OF THE TRUMP ADMINISTRATION’S DEREGULATORY EFFORTS Via teleconference   11:03 A.M. EDT      MS. SLOBODIEN:  Thank you.  Good morning everyone, and thank you for joining today's press call on the latest report from the White House Council of Economic Advisers on the positive impact that the Trump deregulatory efforts have had on our nation's economy.  This call will be on the record and we'll also open it up to questions.      I'll now turn things over to a member of the Council of Economic Advisers, Tomas Philipson, who will announce the other speakers on the call today.      MR. PHILIPSON:  Thanks everyone for joining for joining.  This is Tomas Philipson.  I'm one of the members here at CEA.  Today we're going to talk about a report entitled, "Economic Effects of Federal Deregulation Since January 2017: An Interim Report."      As you probably are well aware, deregulation is the cornerstone of the President's pro-growth economic policies that has been implemented since he took office.  And I view today's report as an extremely important report in that vein, in showing the economic impact of the deregulatory -- those deregulatory actions.      It contains both new work on the regulations that CEA has not analyzed to date, as well as some discussion of past reports we've issued on deregulatory efforts in the past two years.      I'm going to turn it over to Casey Mulligan, our Chief Economist, who will go through, sort of, the main contents of the report.  Casey.      MR. MULLIGAN:  Morning.  Since January 2017, the Trump administration has made a historic effort to reduce costly regulation while protecting workers, and public health, safety, and the environment.      Deregulation has been a massive effort.  There's been hundreds of deregulatory actions already in this administration.  So we have a challenge: How do you summarize all of that?  It reminds us of the vastness of the Grand Canyon.  How can anyone fully appreciate it when there are so many perspectives?      But it is possible.  And in a two-year effort here at the CEA, we've utilized the toolboxes, from statistics, from economic theory, and from the economic literatures studying the various industries.      We sampled the 20 economic regulations that got the most attention from the public, either through Congress or through the comment process.  And then we then did a detailed study of each of those 20 rules and the industries to which they applied.  So what we're going to talk about today is the sum total of those 20.      CEA estimates that after 5 to 10 years, the new approach to federal regulation will have raised real incomes by $3,100 per household, per year.  Twenty notable federal deregulatory actions alone will be saving American consumers and businesses about $220 billion per year after they go into full effect.      To put this in perspective, many of the most notable deregulatory efforts in American history, such as the deregulation of airlines and of trucking that began during the Carter administration, did not have such large aggregate effects even when measured as a share of national income, which was, of course, less during the Carter years.  This new approach to regulation under the Trump administration not only reduces or eliminates costly regulations, but it also sharply reduces the rate at which costly new regulations are introduced.      The ongoing introduction of costly regulations had previously been subtracting an additional 0.2 percent per year from real incomes, thereby giving the false impression that the American economy was fundamentally incapable of anything better than slow growth.  Now, new regulations are budgeted and kept to a minimum.      The Trump administration’s regulatory approach also significantly reduces consumer prices in a number of markets.  To name a few, we have prescription drugs, health insurance, and telecommunications.  And it also prevents price increases in other markets.      The Trump administration’s work to reduce healthcare costs means that consumers are already saving almost 10 percent on retail prescription drugs, which results in an increase of $32 billion per year in the purchasing power of the incomes of Americans.      Consumers are also saving money on Internet access: about $40 per subscriber thanks to the deregulatory actions of Congress and President Trump.  Considering that most households have multiple Internet subscriptions, when applied to both wired and wireless, $40 per subscription becomes $15 billion per year in the aggregate.      Consumers are also saving money on health insurance, as we analyze in detail in the most recent Economic Report of the President.      The deregulatory efforts of the Trump administration have also removed mandates from employers, especially smaller businesses, and have removed burdens that would have eliminated many small bank lenders from the marketplace.  These deregulatory actions are raising real incomes by increasing competition, productivity, and wages.      The benefits of this recent deregulation effort compare favorably with the most significant in American history.  Take the deregulation of airlines and trucking that occurred four decades ago as major parts of a deregulation wave once described as “one of the most important experiments in economic policy of our time."  Combined, the Carter-era deregulation of these two industries are estimated to have provided net aggregate benefits of about 0.5 percent of national income.      Although no two of the 20 recent actions we looked at have such a large benefit, at least according to our estimates, their combined net benefits expressed to be comparable to those earlier deregulations exceed 0.6 percent of national income.      Another notable deregulatory historical episode was the series of natural gas deregulation.  But again, those net benefits are also estimated to be less than the net benefits of deregulation since 2017.      Another interesting thing to see here is that, measured in terms of economic impact, the Trump administration’s work with the 115th Congress was quite prolific.  Sixteen separate pieces of legislation deregulated education, mining, retirement accounts, and more.  These are expected to increase annual real incomes by more than $40 billion.      And we have the Tax Cuts and Jobs Act, which got in the regulatory arena with the individual mandate penalty.  And setting that to zero saved Americans $28 billion per year.      The bill about banking, sometimes known as the Crapo bill, which President Trump signed into law in 2018, provides an additional $6 billion in savings to Americans every year.      And finally, this report also estimates the next benefits of -- the net benefits of deregulatory action.  Some regulatory actions trade private goods for public goods, such as environmental quality.  With public goods and other situations where private markets may fail, it is necessary to carefully consider both the benefits and the costs of regulatory actions to get any net benefits.      Even if the original regulatory action addressed a private market failure, a deregulatory action is still warranted when the regulatory cost savings outweigh the forgone regulatory benefits.      GDP and real income capture the value of private goods production, but they don't capture the value of public goods and other important non-pecuniary benefits.  But we considered those additional benefits in this report, and when including them, we estimate that the deregulatory actions have a net benefit of more than $2,500 per household per year, compared with the previous trends of growing regulatory costs.      Thank you, and we welcome your questions.      Q    Yeah, hi.  This is Cheryl Bolen with Bloomberg Government.  I am wondering, of the 20 deregulatory actions that you looked at, have those already been completed or do you anticipate completing them in the future?      MR. MULLIGAN:  Most of those, they are final rules.  Now, part of the rules involve, you know, phasing in different changes and so on.  So it is kind of a yes-and-no answer.  We have a table in the report that shows each rule, and there you could see, you know, some that are final.      For example, the 16 regulations with the Congressional Review Act, not all 16 are on our sample.  But any of those were finalized right away when the President put his signature on.      MR. PHILIPSON:  So, this is Tom Philipson.  One area where we have seen deregulatory action is in the healthcare space, already, through guidance at FDA that increased a lot of generic entry into the pharmaceutical industry.  And we have a previous report on that.  And the price reductions induced by that increased competition is actually estimated from what the rule actually did, as opposed to predicted effects of rules going forward.      Q    So, it's Josh Mitchell at WSJ.  So, two questions.  First of all, when you're talking about these price decreases, like, for example, the subscription -- the wireless subscriptions -- are you saying that like the actual money -- the actual cost is being reduced?  Or is it that it's not increasing as much as it would have been?      And then, my second question is, are you looking at these 20, you know, deregulations outside of the broader context?  Because I know there are some concerns among businesses that the tariffs, for example, are creating their won types of new regulations and new types of compliance efforts among businesses -- if they have to apply for exemptions, for example, for tariffs.      So, you know, if you're just taking a look at these 20 rules outside of the broader context, how much can we -- how much stock can we put into this if other types of regulations are going up?      MR. MULLIGAN:  Thank you for your question, Josh.  On the telecom, if you look at the first chart in the report, it shows the answer is "yes" and "yes" to both your perspectives.  I mean, the price of Internet subscriptions went down sharply when the President put his signature on one of those rules.  And, in fact, it was so sharp that even the Federal Reserve had commented at the time that it might be affecting the overall inflation numbers that they are targeting.  So that's something that really did happen, and it was a sharp break downward.      Now, you asked about -- I opened by saying: Hey, there's hundreds of regulatory actions and deregulatory actions; how do we select?  We select based on the ones that get the most attention from the public.  By the way, most regulations get zero comments -- exactly zero comments -- from the public.  And that's how we made our selection.  In principle, regulations could have come in there if they were highly commented.  In fact, the top 20, in terms of comments, were not any regulations; they were deregulations.      And certainly, as a matter of arithmetic, there are regulations that didn’t make our sample.  There are also deregulations that didn’t make our sample.  And we do report in the paper, OIRA -- the OMB Office of OIRA has some estimates of the sum total of the regulations that we didn’t look at it.  They're not using the detailed methodology that we did.  And the sign of that effect is: On the whole, it's deregulation in the stuff that we left out -- I mean, saving consumers, saving businesses on the whole.  Not necessarily rule by rule.      Q    Hello, this is (inaudible) with WATV TV.  You stated that, with the 115th Congress, you had 16 separate legislations that was able to work together.  What about the 116th Congress?  Is this moving at all?      MR. MULLIGAN:  The 116th Congress did not have any regulatory statutes that made our sample.      Q    Hi, yeah, it's Alan Rappeport from the New York Times.  Thanks for doing this.  I just wanted to see if you could talk a little bit more about comparing the savings from the deregulatory efforts to the increased cost that CEA has found from the tariffs or the impact of the trade wars.      MR. MULLIGAN:  We have our deregulation team here on this call.  We don’t have the trade people here to discuss that.  But thank you for your question.      MS. SLOBODIEN:  Thank you.                                         END                 11:19 A.M. EDT

West Wing Reads President Trump Pursues Smart China Strategy Heading Into Meeting With Xi Jinping

President Trump Pursues Smart China Strategy Heading Into Meeting With Xi Jinping “At President Trump’s planned meeting Saturday with Chinese President Xi Jinping at the G20 Summit in Japan, Trump is expected to continue to advance a strategy that his administration introduced in his first six months in office: viewing China as a strategic competitor to the United States and its allies,” writes Dr. Nadia Schadlow, Senior Fellow at the Hudson Institute, in Fox News. “This shift from an enabling posture to a competitive strategy was a response to years of Chinese Communist Party efforts to shape the international system in a way that disadvantaged the United States on trade and advanced China’s authoritarian system.” President Trump has two goals for that approach, Schadlow says. The first is fixing economic relationships so that America is never giving a strategic advantage to an adversary. The second is tilting the global balance of power toward free, open societies. Click here to read more. “Congress on Thursday approved $4.6 billion in emergency aid to deal with the border crisis, giving President Trump a symbolic victory on immigration and money to improve conditions for migrant children and families crowding the border,” Stephen Dinan and Gabriella Muñoz report in The Washington Times. President Trump “asked for the money nearly two months ago, but Democrats blocked it from being included in a disaster spending bill this month. Democrats also blocked 18 other Republican attempts to force the bill onto the floor.” “The Tax Cuts and Jobs Act was one of the most comprehensive tax overhauls ever enacted,” Bruce Thompson writes in the Washington Examiner. “Yet as far as the media is concerned, the bill only slashed taxes for corporations and the wealthy . . . This characterization of the bill is false and misleading, yet it is an assertion endlessly reported by reporters and pundits in the national media, as well as Democrats.” “Americans hate to wait. We scout out the shortest grocery line. We choose the fastest delivery option. We chafe at slow-moving internet speeds. And we don’t like to wait for health care when we or our loved ones urgently need it,” Steven Law writes in Fox News. “Why do government-run health care systems—including so-called single-payer schemes like Medicare-for-All—result in long waits for needed care? Because unlike the private sector, government has zero incentive to customize care to individual needs. It achieves efficiencies primarily by doling out one-size-fits-all health care to everyone, regardless of unique circumstances.” “On behalf of doctors across America and their patients, I am writing to underscore the importance of the executive order President Trump signed this week on ‘Improving Price and Quality Transparency in Healthcare.’ Everyone will benefit from this, save for those who profit from keeping Americans in the dark,” writes Marni Jameson Carey, Executive Director of the Association of Independent Doctors, in the Washington Examiner.