CONFERENCE AT THE WHITE HOUSE.
HE'S EXPECTED TO DISCUSS 
RELATIONS WITH CHINA AS WELL AS 
THE DEVELOPMENTS IN MINNEAPOLIS,
WHERE A FORMER POLICE OFFICER 
HAS NOW BEEN ARRESTED.
HERE IS THE PRESIDENT.
>> -- MEASURES TO PROTECT 
AMERICAN SECURITY AND 
PROSPERITY.
CHINA'S PATTERN OF MISCONDUCT IS
WELL-KNOWN.
FOR DECADES, THEY'VE RIPPED OFF 
THE UNITED STATES LIKE NO ONE 
HAS EVER DONE BEFORE.
HUNDREDS OF BILLIONS OF DOLLARS 
A YEAR WERE LOST DEALING WITH 
CHINA, ESPECIALLY OVER THE YEARS
DURING THE PRIOR ADMINISTRATION.
CHINA RAIDED OUR FACTORIES, 
OFFSHORED OUR JOBS, GUTTED OUR 
INDUSTRIES, STOLE OUR 
INTELLECTUAL PROPERTY AND 
VIOLATED THEIR COMMITMENTS UNDER
THE WORLD TRADE ORGANIZATION.
TO MAKE MATTERS WORSE, THEY ARE 
CONSIDERED A DEVELOPING NATION, 
GETTING ALL SORTS OF BENEFITS 
THAT OTHERS INCLUDING THE UNITED
STATES ARE NOT ENTITLED TO, BUT 
I HAVE NEVER SOLELY BLAMED CHINA
FOR THIS.
THEY WERE ABLE TO GET AWAY WITH 
THE THEFT LIKE NO ONE WAS ABLE 
TO GET AWAY WITH BEFORE BECAUSE 
OF PAST POLITICIANS AND FRANKLY,
PAST PRESIDENTS.
BUT UNLIKE THOSE WHO CAME 
BEFORE, MY ADMINISTRATION 
NEGOTIATED AND FOUGHT FOR WHAT 
WAS RIGHT.
IT'S CALLED FAIR AND RECIPROCAL 
TREATMENT.
CHINA HAS ALSO UNLAWFULLY 
CLAIMED TERRITORY IN THE PACIFIC
OCEAN, THREATENING FREEDOM OF 
NAVIGATION AND INTERNATIONAL 
TRADE, AND THEY BROKE THEIR WORD
TO THE WORLD ENSURING THE 
AUTONOMY OF HONG KONG.
THE UNITED STATES WANTS AN OPEN 
AND CONSTRUCTIVE RELATIONSHIP 
WITH CHINA, BUT ACHIEVING THAT 
RELATIONSHIP REQUIRES US TO 
VIGOROUSLY DEFEND OUR NATIONAL 
INTERESTS.
THE CHINESE GOVERNMENT HAS 
CONTINUALLY VIOLATED ITS 
PROMISES TO US, AND SO MANY 
OTHER NATIONS.
THESE PLAIN FACTS CANNOT BE 
OVERLOOKED OR SWEPT ASIDE.
THE WORLD IS NOW SUFFERING AS A 
RESULT OF THE MALFEASANCE OF THE
CHINESE GOVERNMENT.
CHINA'S COVERUP OF THE WUHAN 
VIRUS ALLOWED THE DISEASE TO 
SPREAD ALL OVER THE WORLD, 
INSTIGATING A GLOBAL PANDEMIC 
THAT HAS COST MORE THAN 100,000 
AMERICAN LIVES AND OVER 1 
MILLION LIVES WORLDWIDE.
CHINESE OFFICIALS IGNORED THEIR 
REPORTING OBLIGATIONS TO THE 
WORLD HEALTH ORGANIZATION AND 
PRESSURED THE WORLD HEALTH 
ORGANIZATION TO MISLEAD THE 
WORLD WHEN THE VIRUS WAS FIRST 
DISCOVERED BY CHINESE 
AUTHORITIES.
COUNTLESS LIVES HAVE BEEN TAKEN 
AND PROFOUND ECONOMIC HARDSHIP 
HAS BEEN INFLICTED ALL AROUND 
THE GLOBE.
THEY STRONGLY RECOMMENDED 
AGAINST ME DOING THE EARLY BAN 
FROM CHINA, BUT I DID IT ANYWAY.
IT WAS PROVEN TO BE 100% 
CORRECT.
CHINA HAS TOTAL CONTROL OVER THE
WORLD HEALTH ORGANIZATION, 
DESPITE ONLY PAYING $40 MILLION 
PER YEAR COMPARED TO WHAT THE 
UNITED STATES HAS BEEN PAYING, 
WHICH IS APPROXIMATELY $450 
MILLION A YEAR.
WE HAVE DETAILED THE REFORMS 
THAT IT MUST MAKE AND ENGAGE 
WITH THEM DIRECTLY, BUT THEY 
HAVE REFUSED TO ACT.
BECAUSE THEY HAVE FAILED TO MAKE
THE REQUESTED AND GREATLY NEEDED
REFORMS, WE WILL BE TODAY 
TERMINATING OUR RELATIONSHIP 
WITH THE WORLD HEALTH 
ORGANIZATION AND REDIRECTING 
THOSE FUNDS TO OTHER WORLDWIDE 
AND DESERVING URGENT GLOBAL 
PUBLIC HEALTH NEEDS.
THE WORLD NEEDS ANSWERS FROM 
CHINA ON THE VIRUS.
WE MUST HAVE TRANSPARENCY.
WHY IS IT THAT CHINA SHUT OFF 
INFECTED PEOPLE FROM WUHAN TO 
ALL OTHER PARTS OF CHINA?
IT WENT NOWHERE ELSE.
IT DIDN'T GO TO BEIJING.
IT WENT NOWHERE ELSE, BUT THEY 
ALLOWED THEM TO FREELY TRAVEL 
THROUGHOUT THE WORLD, INCLUDING 
EUROPE, AND THE UNITED STATES.
THE DEATH AND DESTRUCTION CAUSED
BY THIS IS INCALCULABLE.
WE MUST HAVE ANSWERS, NOT ONLY 
FOR US, BUT FOR THE REST OF THE 
WORLD.
THIS PANDEMIC HAS UNDERSCORED 
THE CRUCIAL IMPORTANCE OF 
BUILDING UP AMERICA'S ECONOMIC 
INDEPENDENCE, RESHORING OUR 
CRITICAL SUPPLY CHAINS, AND 
PROTECTING AMERICA'S SCIENTIFIC 
AND TECHNOLOGICAL ADVANCES.
FOR YEARS, THE GOVERNMENT OF 
CHINA HAS CONDUCTED ELICIT 
ESPIONAGE TO STEAL OUR 
INDUSTRIAL SECRETS OF WHICH 
THERE ARE MANY.
TODAY I WILL ISSUE A 
PROCLAMATION TO BETTER SECURE 
OUR NATION'S VITAL UNIVERSITY 
RESEARCH AND TO SUSPEND THE 
ENTRY OF CERTAIN FOREIGN 
NATIONALS FROM CHINA WHO WE HAVE
IDENTIFIED AS POTENTIAL SECURITY
RISKS.
I AM ALSO TAKING ACTION TO 
PROTECT THE INTEGRITY OF 
AMERICA'S FINANCIAL SYSTEM, BY 
FAR THE BEST IN THE WORLD.
I AM INSTRUCTING MY PRESIDENTIAL
WORKING GROUP ON FINANCIAL 
MARKETS TO STUDY THE DIFFERING 
PRACTICES OF CHINESE COMPANIES 
LISTED ON THE U.S. FINANCIAL 
MARKETS, WITH THE GOAL OF 
PROTECTING AMERICAN INVESTORS.
INVESTMENT FIRMS SHOULD NOT BE 
SUBJECTING THEIR CLIENTS TO THE 
HIDDEN AND UNDUE RISKS 
ASSOCIATED WITH FINANCING 
CHINESE COMPANIES THAT DO NOT 
PLAY BY THE SAME RULES.
AMERICANS ARE ENTITLED TO 
FAIRNESS AND TRANSPARENCY.
SEVERAL OF THE MOST SIGNIFICANT 
ACTIONS WE'RE TAKING PERTAIN TO 
DEEPLY TROUBLING SITUATIONS 
UNFOLDING IN HONG KONG.
THIS WEEK, CHINA UNILATERALLY 
IMPOSED CONTROL OVER HONG KONG 
SECURITY.
THIS WAS A PLAIN VIOLATION OF 
BEIJING'S TREATY OBLIGATIONS, 
WITH THE UNITED KINGDOM IN THE 
DECLARATION OF 1984 AN POLICE 
 
PLEXISITY PROVISIONS OF HONG 
KONG'S BASIC LAW IT HAS 27 YEARS
TO GO.
THE CHINESE GOVERNMENT'S MOVE 
AGAINST HONG KONG IS THE LATEST 
IN A SERIES OF MEASURES THAT ARE
DIMINISHING THE CITY'S 
LONGSTANDING AND VERY PROUD 
STATUS.
THIS IS A TRAGEDY FOR THE PEOPLE
OF HONG KONG, THE PEOPLE OF 
CHINA, AND INDEED THE PEOPLE OF 
THE WORLD.
CHINA CLAIMS IT IS PROTECTING 
NATIONAL SECURITY, BUT THE TRUTH
IS THAT HONG KONG WAS SECURE AND
PROSPEROUS AS A FREE SOCIETY.
BEIJING'S DECISION REVERSES ALL 
OF THAT.
IT EXTENDS THE REACH OF CHINA'S 
INVASIVE STATE SECURITY 
APPARATUS INTO WHAT WAS FORMERLY
A BASTIAN OF LIBERTY.
CHINA'S LATEST INCURSION ALONG 
WITH OTHER RECENT DEVELOPMENTS 
THAT DEGRADED THE TERRITORY'S 
FREEDOMS MAKES CLEAR THAT HONG 
KONG IS NO LONGER SUFFICIENTLY 
AUTONOMOUS TO WARRANT THE 
SPECIAL TREATMENT THAT WE HAVE 
AFFORDED THE TERRITORY SINCE THE
HANDOVER.
CHINA HAS REPLACED THIS PROMISED
FORMULA OF ONE COUNTRY, TWO 
SYSTEMS WITH ONE COUNTRY, ONE 
SYSTEM.
THEREFORE, I AM DIRECTING MY 
ADMINISTRATION TO BEGIN THE 
PROCESS OF ELIMINATING POLICY 
EXEMPTIONS THAT GIVE HONG KONG 
DIFFERENT AND SPECIAL TREATMENT.
MY ANNOUNCEMENT TODAY WILL 
AFFECT THE FULL RANGE OF 
AGREEMENTS WE HAVE WITH HONG 
KONG FROM OUR EXTRADITION TREATY
TO OUR EXPORT CONTROLS, ON DUAL 
USE TECHNOLOGIES AND MORE W FEW 
EXCEPTIONS.
WE WILL BE REVISING THE STATE 
DEPARTMENT'S TRAVEL ADVISORY FOR
HONG KONG TO REFLECT THE 
INCREASED DANGER OF SURVEILLANCE
AND PUNISHMENT BY THE CHINESE 
STATE SECURITY APPARATUS.
WE WILL TAKE ACTION TO REVOKE 
HONG KONG'S PREFERENTIAL 
TREATMENT AS A SEPARATE CUSTOMS 
AND TRAVEL TERRITORY FROM THE 
REST OF CHINA.
THE UNITED STATES WILL ALSO TAKE
NECESSARY STEPS TO SANCTION PRC 
AND HONG KONG OFFICIALS DIRECTLY
OR INDIRECTLY INVOLVED IN 
ERODING HONG KONG'S AUTONOMY AND
JUST IF YOU TAKE A LOOK, 
SMOTHERING, ABSOLUTELY 
SMOTHERING HONG KONG'S FREEDOM.
OUR ACTIONS WILL BE STRONG.
OUR ACTIONS WILL BE MEANINGFUL.
MORE THAN TWO DECADES AGO, ON A 
RAINY NIGHT IN 1997, BRITISH 
SOLDIERS LOWERED THE UNION FLAG 
AND CHINESE SOLDIERS RAISED THE 
CHINESE FLAG IN HONG KONG.
THE PEOPLE OF HONG KONG FELT 
SIMULTANEOUSLY PROUD OF THEIR 
CHINESE HERITAGE AND THEIR 
UNIQUE HONG KONG IDENTITY.
THE PEOPLE OF HONG KONG HOPE 
THAT, IN THE YEARS AND DECADES 
TO COME, CHINA WOULD 
INCREASINGLY COME TO RESEMBLE 
ITS MOST RADIANT AND DYNAMIC 
CITY.
THE REST OF THE WORLD WAS 
ELECTRIFIED BY A SENSE OF 
OPTIMISM THAT HONG KONG WAS A 
GLIMPSE INTO CHINA'S FUTURE, NOT
THAT HONG KONG WOULD GROW INTO A
REFLECTION OF CHINA'S PAST.
IN EVERY DECISION, I WILL 
CONTINUE TO PROUDLY DEFEND AND 
PROTECT THE WORKERS, FAMILIES 
AND CITIZENS OF THE UNITED 
STATES OF AMERICA.
THANK YOU VERY MUCH.
THANK YOU.
>> NOT A NEWS CONFERENCE AS 
BILLED BUT A STATEMENT FROM 
PRESIDENT TRUMP, TAKING A NUMBER
OF ACTIONS AGAINST CHINA OVER A 
NUMBER OF ISSUES, INCLUDING THE 
SPREAD OF THE COVID VIRUS, BUT 
CERTAINLY THE PRESIDENT MAKING 
DECISIONS HERE BASED ON CHINA'S 
RECENT MOVES TO INCORPORATE HONG
KONG UNDER ITS BLANKET OF 
AUTHORITY.
LET'S GO TO KRISTEN WELKER RIGHT
NOW A LITTLE BIT MORE ABOUT WHAT
WE HEARD FROM THE PRESIDENT.
KRISTEN?
>> CRACKING DOWN ON CHINA, 
LESTER, AND ALSO ANNOUNCING THAT
THE UNITED STATES WILL PULL OUT 
OF THE W.H.O., THE BACKDROP OF 
THESE ACTIONS ARE THE FACT THAT 
PRESIDENT TRUMP BLAMES CHINA FOR
NOT BEING MORE TRANSPARENT, HE 
WOULD ARGUE, AND REALLY THERE'S 
BIPARTISAN AGREEMENT ABOUT THAT 
IN THE EARLY STAGES OF THE 
CORONAVIRUS PANDEMIC, BUT IT WAS
STRIKING TO SEE PRESIDENT TRUMP 
FLANKED BY A NUMBER OF HIS TOP 
OFFICIALS AND NOT ADDRESS THE 
AMERICAN CITY THAT IS CURRENTLY 
IN CRISIS, MINNEAPOLIS, IN THE 
WAKE OF THE DEATH OF GEORGE 
FLOYD, IN THE WAKE OF WHAT WE 
JUST HEARD THAT NOW MURDER 
CHARGES ARE GOING TO BE BROUGHT 
AGAINST THE OFFICER RESPONSIBLE 
FOR ACCUSED OF TAKING HIS LIFE.
THE FACT THAT EARLIER TODAY 
PRESIDENT TRUMP WAS TWEETING 
ABOUT THE DEATH, HE'S CLEARLY 
BEEN WATCHING WHAT'S HAPPENING 
WITH MR. FLOYD'S DEATH VERY 
CLOSELY, AND YET MAKING NO 
MENTION OF IT, AND NOT TAKING 
ANY QUESTIONS FROM REPORTERS.
YOU SAW MY COLLEAGUES THERE IN 
THE ROSE GARDEN STANDING UP, 
RAISING THEIR HANDS, TRYING TO 
GET QUESTIONS TO PRESIDENT TRUMP
ABOUT WHAT WE ARE WITNESSING IN 
MINNEAPOLIS, THE UNREST, THE 
PAIN, AND THE AMERICAN CITY IN A
STATE OF CRISIS, AND YET 
PRESIDENT TRUMP'S FOCUS WAS ON 
CHINA IN HIS REMARKS.
NOW, OF COURSE HE IS DEALING 
WITH A DUAL CRISIS, THE PANDEMIC
THAT HAS BEEN RAVAGING THIS 
COUNTRY, NOW MORE THAN 100,000 
AMERICAN DEATHS, AND THIS NEW 
CRISIS, THIS RACE CRISIS THAT WE
ARE WITNESSING UNFOLD, AND SO 
THIS IS A REAL LEADERSHIP TEST 
FOR THIS PRESIDENT.
WE KNOW THAT HIS CHIEF RIVAL, 
DEMOCRAT AND FORMER VICE 
PRESIDENT JOE BIDEN HAS SPOKEN 
TO THE FAMILY OF GEORGE FLOYD.
HE'S GOING TO BE TALKING TO OUR 
CRAIG MELVIN A LITTLE BIT ABOUT 
THAT LATER ON TODAY, AND HE HAS 
SPOKEN OUT ABOUT MR. FLOYD.
WE HAVE YET TO HEAR FULLSOME 
REMARKS FROM PRESIDENT TRUMP 
ABOUT WHAT HAPPENED IN 
MINNEAPOLIS AND WHAT HE PLANS TO
DO ABOUT IT.
HE URGED HIS ATTORNEY GENERAL TO
EXPEDITE THE INVESTIGATION BUT 
STILL, WHAT IF ANY FEDERAL 
RESPONSE CAN WE EXPECT TO SEE 
THAT THE RIOTS ABOUT THE RIOTS 
THAT WE ALL WITNESSED THOSE 
TRAGIC SCENES UNFOLDING IN 
MINNEAPOLIS OVERNIGHT, LESTER.
THAT REMAINS A KEY QUESTION AND 
UNDOUBTEDLY MY COLLEAGUES AT THE
WHITE HOUSE ARE GOING TO 
CONTINUE TO TRY TO GET THOSE 
ANSWERS TODAY, LESTER.
>> YES, ABSOLUTELY EXTRAORDINARY
THAT HE DID NOT BRING UP THE 
EVENTS IN MINNEAPOLIS AND THE 
COUNTRY NEEDS SOME HEALING 
WORDS.
THE PRESIDENT AS YOU NOTED 
REMAINING SOLELY ON THE TOPIC OF
CHINA.
LET A'S GO TO ANDREA MITCHELL 
RIGHT NOW.
ANDREA, WE WERE TALKING ABOUT 
THIS A BIT EARLIER ABOUT THIS 
ISSUE OF LEADERSHIP.
WHAT ARE YOUR TAKEAWAYS FROM 
WHAT WE JUST HEARD?
>> WELL, IT'S EXTRAORDINARY IN 
THAT DESPITE ALL OF CHINA'S BAD 
BEHAVIOR, THE ACKNOWLEDGED BAD 
BEHAVIOR NOT ONLY ON WUHAN BUT 
ON YEARS AND YEARS OF CYBER 
HACKING, AND OTHER KINDS OF 
AGGRESSIONS IN THE SOUTH CHINA 
SEA, THERE'S BEEN PLENTY OF 
EVIDENCE OF THAT, BUT NOW YOU 
HAVE THE TWO GREAT SUPERPOWERS, 
THE ONLY TWO REMAINING ECONOMIC 
SUPERPOWERS, THE U.S. AND CHINA,
COMING UP BEHIND, AND NOW WHAT 
THE CHINESE HAVE CALLED A NEW 
COLD WAR.
THIS IS A FRIGHTENING 
DEVELOPMENT ON THE WORLD STAGE 
FOR THESE ISSUES NOT TO BE 
RESOLVED THROUGH DIPLOMACY, WITH
THIS PRESIDENT WHO RECENTLY AS 
JANUARY WAS PRAISING PRESIDENT 
XI, JANUARY AND FEBRUARY FOR HIS
HANDLING OF THE PANDEMIC.
SO HE WENT ALL ABOARD IN ONE 
DIRECTION, AT THE SAME TIME THAT
HE WAS NEGOTIATING A TRADE DEAL 
AND NOW HE'S CRACKING DOWN ON 
CHINA AND GETTING OUT OF THE 
WORLD HEALTH ORGANIZATION.
WE WERE THE LEADER OF THE WORLD 
HEALTH ORGANIZATION, WHICH IS 
NOT ONLY ABOUT THIS COVID VIRUS,
BUT IS T IS ABOUT MALARIA, T.B.,
HIV/AIDS, POLIO, TUBERCULOSIS.
THE SUPPORT FOR THE WORLD 
HEALTHS OR AND OUR LEADERSHIP 
HAS BEEN THERE IN DECADES HELPED
FOUND IT.
FOR US TO GET OUT OF IT AND TAKE
ALL OF OUR MONEY AWAY AND NOT 
HAVE PARTICIPATED IN THEIR LAST 
BIG MEETING ON COVID-19 IN 
LONDON, WE WERE THE ONLY GREAT 
POWER WORLD LEADERNESS NOT 
PARTICIPATING, IS EXTRAORDINARY.
ALSO, CITING THE FACT THAT'S 
GOING TO STOP THE VISAS FOR 
GRADUATE STUDENTS FROM CHINA.
THESE ARE AMONG THE MOST 
VALUABLE INTELLECTUALLY VALUABLE
AND ALSO TUITION-PAYING, FULL 
TUITION-PAYING GRADUATE STUDENTS
IN THE UNITED STATES.
THE AMERICAN ASSOCIATION OF 
UNIVERSITY PRESIDENTS IS VERY 
MUCH AGAINST THIS, THE CHAMBER 
OF COMMERCE IS VERY MUCH AGAINST
THIS.
SO THERE IS BIPARTISAN SUPPORT.
THIS WILL BE POPULAR 
POLITICALLY, BUT IT ALSO OPENS A
BIG ECONOMIC GAP AND HE'S ALSO 
THREATENING CHINESE INVESTORS, 
CHINESE COMPANIES ON AMERICAN 
EXCHANGES.
THIS IS A MAJOR STEP.
>> IT IS MAJOR.
ANDREA MITCHELL, THANK YOU.
A STATEMENT FROM PRESIDENT TRUMP
ON RELATIONS WITH CHINA, NOT A 
NEWS CONFERENCE, AS WE WERE LED 
TO BELIEVE.
NO QUESTIONS ANSWERED, NO 
STATEMENT FROM THE PRESIDENT ON 
THE EVENTS IN MINNESOTA, WHERE A
FORMER POLICE OFFICER HAS NOW 
BEEN CHARGED WITH MURDER IN THE 
DEATH OF AN AFRICAN-AMERICAN 
MAN, GEORGE FLOYD, WHILE HE WAS 
IN POLICE CUSTODY ON MONDAY.
WE'LL HAVE FULL DETAILS COMING 
UP LATER ON "NBC NIGHTLY NEWS."
FOR N
