“But we're doing very well in our situation with China on trade. I have a great relationship with the president of China, President Xi. But it's got to be a two-way street. For 25 years and longer, it was not. And trillions and trillions of dollars was taken out of the United States for the benefit of China.”
— News conference, 09/26/2018
This is grossly misleading and exaggerated. Countries do not make or lose money on trade deficits. Instead, what these trade figures reflect is the fact that U.S. consumers chose to buy Chinese products, just as consumers worldwide buy American products. The money wasn't "taken out" of the United States, and Trump has shown no evidence or rationale for this "trillions and trillions of dollars" estimate.