Donald Trump Blames Obama, Bush, Clinton for China Deficit: 'They Created a Monster'

Donald Trump China monster Obama Bush Clinton trade war
President Donald Trump is pictured during an appearance with China's President Xi Jinping at the Great Hall of the People on November 9, 2017 in Beijing, China. Thomas Peter-Pool/Getty Images

President Donald Trump attacked the past three presidents for U.S. policy on China, accusing his predecessors of allowing the nation to become one of the richest and most powerful in the world.

Speaking with Fox News' Steve Hilton in an exclusive interview that aired on Sunday, the president said he would not allow China to become a superpower or eclipse the U.S. on his watch.

As the trade war between Washington and Beijing escalated, Trump showed no signs of tempering his pugnacious approach to a rising China, vowing once again to address what he considered were unfair trade practices that had left the U.S. with a huge trade deficit.

In the past, Trump blamed former President Barack Obama—one of his favored targets and the subject of the birther conspiracy theory Trump propagated during Obama's presidency. But on Sunday, the president said America's China strategy had been wrong for decades.

"They took advantage of us for many, many years," he told Hilton. "And I blame us, I don't blame them. I don't blame President Xi. I blame all of our presidents, and not just President Obama. You go back a long way. You look at President Clinton, Bush—everybody. They allowed this to happen, they created a monster… We rebuilt China because they get so much money."

Trump's tough stance on China became one of the hallmarks of his presidency, and showed no sign of diminishing. Last week, tariffs on $200 billion worth of imports took hold, increasing duties from 10 percent to 25 percent. Trump ordered U.S.Trade Representative Robert Lighthizer to begin the process of raising tariffs on essentially all remaining imports from China, valued at around $300 billion.

The last round of trade negotiation talks between U.S. and Chinese representatives ended with no breakthrough on May 10. According to Trump, an agreement was all but reached, but Beijing withdrew its support at the last moment. "We had a good deal, and at the end, they changed it," he said. "And I said, that's OK, we're going to tariff their products, and we put a 25 percent tariff on their products."

Speaking about Chinese President Xi Jinping—who Trump had previously called a "friend"—the president said, "I told President Xi, who's somebody I like a lot, but he's for China and I'm for us, right? But I told him, I said look, this can't be like a 50-50 deal, this has to be a deal—you are so far ahead from presidents that allowed you to get away."

Trump said he was committed to restraining the kind of economic growth that would see China's economy surpass the U.S.'s and become the dominant global superpower. "Not going to happen," Trump said, "not going to happen with me." Asked whether he thought that was Beijing's ultimate goal, the president replied, "Why wouldn't it be? I mean they're very ambitious people, they're very smart. They're great people. It's a great culture, an amazing culture."

Later in the interview, the president said that China wanted "to take over the world." Referring to the country's Made in China 2025 project—seeking to move the nation toward producing high-value products and services—Trump said he found it offensive that Xi would have such ambitions. "It was very insulting to me, because it's not going to happen," he told Hilton. "Not with me."

"If Hillary Clinton became president, China would have been a much bigger economy than us by the end of her term," he said, without any prompting him to talk about the defeated 2016 Democratic candidate.

A separate dispute over the Chinese tech firm Huawei added further fuel to the fire. The telecommunications company was at the forefront of developing 5G networks, but U.S. officials had warned that Huawei could serve as a Trojan horse for Beijing to tap vital communications networks in the west.

On Thursday, Trump declared a national economic emergency over the issue and blacklisted the company, seeking to force all American firms to sever business ties with Huawei. The ban was having an effect, and on Sunday Google said it had suspended Huawei's access to updates of its Android operating system, while chipmakers have cut supply lines.