JW Marriott Resort Hanoi
Hanoi, Vietnam
9:09 P.M. ICT
THE PRESIDENT: Excellent night, everybody. It’s night, isn’t it? (Laughter.) This around the globe in 5 days is attention-grabbing, isn’t it?
Smartly, , there’s that — considered one of my group of workers participants stated, “Keep in mind the well-known tune, , ‘Excellent Morning, Vietnam’?” Smartly, excellent night, Vietnam. And excellent morning again in The usa.
Prior to we start, I need to categorical my unhappiness by way of the lack of existence and devastation brought about by way of the earthquake in Morocco. Our ideas and prayers are with the folk of Morocco and my pal King Mohammed VII — VI, I must say.
And his admini- — my management — together with Secretary of State Blinken, who’s right here with me these days — is operating with Moroccan officers on lengthy distance right here. We’re operating expeditiously to verify Americans in Morocco are secure, status in a position to supply any essential help to the Moroccan other people as smartly. We’ve made that provide.
Now, turning to the vital talk over with right here in Vietnam. Because the Common Secretary and I simply shared previous these days, this shuttle has been a ancient second.
Lately, we will hint 50-year — a 50-year arc of development within the dating between our international locations from battle to normalization. It is a new increased standing that can be a pressure for prosperity and safety in one of the consequential areas on the earth.
We’ve increased our cooperation without delay to the Vietnamese’s absolute best tier of partnership, known as the Complete Strategic Partnership. That implies the USA has bolstered our ties with every other important Indo-Pacific spouse.
Our development these days builds at the Camp David trilateral with
Japan and — and the Republic of Korea and the USA; the Complete Strategic Partnership the USA introduced with — with ASEAN final yr; and the engagement with Pacific Islands — with the Pacific Islands Discussion board; our bolstered alliances with the Philippines; and AUKUS partnership with Australia and the UK; our increased Quad engagement with India, Australia, and Japan; and the Indo-Pacific Financial Framework for Prosperity; and the entire effort we’ve complex from day considered one of my management to display to our Indo-Pacific companions and to the arena that the USA is a Pacific country, and we’re now not going any place.
Now, let me additionally discuss to a vital industry we were given performed within the In- — in India all through the G20 Summit.
This was once crucial second for the USA to display our world management and our dedication to fixing the demanding situations that topic maximum to other people around the globe: making an investment in inclusive expansion and sustainable building, addressing the local weather disaster, strengthening meals safety and training, advancing world well being and well being safety.
We confirmed up in a position to paintings, and we confirmed the arena the USA is a spouse with a good imaginative and prescient for our shared long run.
As a G20, we — on the G20, we made development on problems like multilateral building financial institution reform to get to these international locations which are neither deficient nor rich however have been — couldn’t qualify ahead of; debt reduction; and larger infrastructure wishes now not handiest within the International South, however different portions of the arena as smartly.
We solid a groundbreaking new partnership with — that may attach India to Europe with the Center East and Israel, with transportation by way of rail and by way of cargo via — and effort provides and virtual connections which are going to open up untold alternatives for transformative financial funding via that en- — on that complete hall.
We’ve additionally mentioned Russia’s brutal and unlawful battle in Ukraine. And there was once enough settlement within the room at the want for a simply — for a simply and lasting peace that upholds the foundations of the U.N. Constitution and respects sovereignty and territorial integrity.
I need to, as soon as once more, thank High Minister Modi for his management and his hospitality in website hosting the G20.
He and I’ve had a considerable discussions about how we’re going to proceed to reinforce the partnership between India and the USA, construction at the High Minister’s talk over with to the White Area final June.
And, as I all the time do, I raised the vital — of respecting human rights and the important position that civil society and a unfastened press have in construction a robust and filthy rich nation with Mr. Modi.
And we’re — have got a large number of vital paintings performed, and I’m taking a look ahead to every other excellent day the next day right here in Vietnam.
And now, I can take your questions. Let me see. They informed me — they gave me 5 other people right here.
Nandita of — of Reuters.
Q Hello. Thanks for taking my query, Mr. President.
THE PRESIDENT: Oh, there you’re. I couldn’t —
Q Hello.
THE PRESIDENT: — see you. I’m sorry.
Q Hello. Final week, China wondered the, quote, “sincerity” of the Biden management.
THE PRESIDENT: I’m sorry, the what?
Q The sincerity.
THE PRESIDENT: The sincerity of the Biden management.
Q Of the Biden management. And accused the USA of containing China whilst pushing for diplomatic talks.
How would you reply to that? And do you assume President Xi is being trustworthy about getting the connection again on target as he bans Apple in China?
THE PRESIDENT: Smartly, glance, initially, the — I’m trustworthy about getting the connection proper. And one of the crucial issues that is happening now’s China is starting to trade one of the regulations of the sport, in relation to industry and different problems.
And so, one of the crucial issues we mentioned, for instance, is they’re now speaking about ensuring that no Chinese language employ- — nobody within the Chinese language govt can use a Western mobile phone. The ones varieties of issues.
And so, truly, what this shuttle was once about — it was once much less about containing China. I — I don’t need to include China. I simply need to make certain that we have now a dating with China this is at the up and up, squared away, everyone is aware of what it’s all about. And one of the crucial tactics you do this is you make certain that we’re speaking about the similar issues.
And I believe that one of the crucial issues we’ve performed — I’ve attempted to do, and I’ve talked with plenty of my group of workers about this for the final, I suppose, six months — is — we have now a chance to reinforce alliances around the globe to care for balance.
That’s what this shuttle was once all about: having India cooperate a lot more with the USA, be nearer with the USA, Vietnam being nearer with the USA. It’s now not about containing China; it’s about having a solid base — a solid base within the Indo-Pacific.
And it’s — for instance, when I used to be spending a large number of time speaking with President Xi, he requested why we have been doing — why was once I going to have the Quad — which means Australia, India, Japan, and the USA? And I stated, “To care for balance.”
It’s now not about keeping apart China. It’s about ensuring the foundations of the street — the whole lot from airspace and — and area and within the ocean is — the global regulations of the street are — are — are abided by way of.
And so — and I’m hoping that — I believe that High Minister Xi — I imply, Xi has some — some difficulties at this time. All nations finally end up with difficulties, and he had some financial difficulties he’s operating his manner via.
I — I need to see China be successful economically, however I need to see them be successful by way of the foundations.
The following query was once to Bloomberg.
Q Hello, Mr. President. Following up in your feedback on China and the economic system, you lately referred to as China’s economic system a “ticking time bomb.” Do you consider the rustic’s slowdown may chance destabilizing the worldwide economic system or inflicting China to be extra competitive defensively, together with with —
THE PRESIDENT: Say the primary a part of your query once more. As a result of there — this fan is happening, and it’s loud at the back of me.
Q No worries. Do you consider the rustic’s slowdown and expansion may chance destabilizing the worldwide economic system or reason China to be extra competitive defensively, together with with Taiwan?
And one after the other, sir, are you apprehensive in regards to the assembly between President Putin and Kim Jong Un, if that might imply Russia has extra features within the battle in Ukraine?
THE PRESIDENT: Glance, I believe China has a troublesome financial drawback at this time for a complete vary of causes that relate to the global expansion and shortage thereof and the — the insurance policies that China has adopted.
And so, I — I don’t assume it’s going to reason China to invade Taiwan. And topic of reality, the other — it most probably doesn’t have the — the similar capability that it had ahead of.
However as I stated, I’m now not — we’re now not taking a look to harm China, sincerely. We’re all at an advantage if China does smartly — if China does smartly by way of the global regulations. It grows the economic system.
However they have got had some actual issue in relation to their economic system of overdue, in particular in actual property. Asi- — that finish of the cut price. And I believe the movements that they’re going to must take are ones which are — they’re within the strategy of deciding at this time. And I’m now not going to expect what — what — what manner it is going to pop out. However we’re now not taking a look to decouple from China.
What I’m now not going to do is I’m now not going to promote China subject material that will fortify their capability to make extra nuclear guns, to have interaction in protection actions which are opposite to what’s seen as most of the people would assume was once a good building within the area.
And — however we’re now not looking to harm China.
Ok. Let’s — BBC. Laura? Am I proper? Is that proper — Laura?
Q It’s. My title is Laura Bicker. I’m from BBC Information. Excellent night, Mr. President.
THE PRESIDENT: Excellent night.
Q How are you?
THE PRESIDENT: Smartly. Thanks.
Q Excellent.
THE PRESIDENT: Those five-day journeys around the globe are not any drawback.
Q I will be able to consider. It’s night, I’d love to remind you. (Laughter.)
I imply, within the final six months, you’ve signed pacts and offers with Japan, South Korea, Philippines, Australia, or even the Pacific Islands. You’re right here, status in Beijing’s yard. You understand, China says this is a part of your Chilly Struggle mentality. Are they proper, sir? Are they proper, Mr. President? Is it a threat of a Chilly Struggle? And when will you meet Mr. Xi?
THE PRESIDENT: Smartly, I’m hoping I am getting to peer Mr. Xi quicker than later. I’ve spent extra time with him than some other global chief has, sum overall, during the last 12 years. So, I’m hoping we get to peer him once more quickly.
However, no, glance — for instance, one of the crucial issues we did in — in India: We supplied for a brand new trail that’s going to avoid wasting everyone cash, build up the 3rd Global — “the 3rd Global” — the — the International South’s capability to develop by way of sending — we’re going to — from — we’re going to have a brand new railroad from India the entire manner throughout to the Mediterranean, new delivery lanes and pipelines around the Mediterranean via Europe, up into — up into Nice Britain and past.
That’s all about financial expansion. That has not anything to do with hurting China or serving to China. It has to do with coping with the whole lot from local weather trade to creating positive that those nations can be successful economically and develop.
Glance, my thesis has been, from the start, each locally and in — in relation to overseas coverage: Make investments for your other people. Put money into the folk. Give them a possibility.
The entirety is at an advantage when other people — I comprehend it’s going to sound trite. If everyone on the earth had a task they rise up within the morning and sought after to visit and concept they — and so they may put 3 squares within the desk for his or her circle of relatives, regardless of the place they are living, the entire global be at an advantage. We’d be significantly better. That’s the perception right here at the back of this.
As an example, , one of the crucial issues we’re doing in relation to — I — I proposed a very long time in the past on the G7, now it’s — that’s going to come back to fruition on the G20, is ensuring that we construct a railroad the entire manner around the African continent.
Take into accounts it. There is not any strategy to go the African continent by way of ro- — by way of — by way of rail. And there’s now not even an instantaneous freeway throughout.
Now, let’s think for the sake of dialogue — after we speak about meals shortages — think there was once one nation in that huge continent that had a — an way over — of foodstuffs and assets. How would they get it to the place they’re going to move? How are they going to do it?
That’s why we’re additionally going to speculate billions of greenbacks in sun amenities in Angola to have the most important an- — the most important sun facility on the earth — some of the greatest. That is helping Angola, nevertheless it additionally is helping the entire area.
So, I believe we expect too — an excessive amount of in relation to Chilly Struggle phrases. It’s now not about that. It’s about producing financial expansion and balance in all portions of the arena. And that’s what we’re looking to do.
Sorry. Ok. Am I saying it — Auvelia [Aurelia]? Did I pronounce the title as it should be? There you’re.
Q Sure. Sure. Thanks. Thanks, Mr. President.
THE PRESIDENT: Thanks.
Q It’s Aurelia Finish for AFP. I had a query at the local weather disaster. You simply discussed the G20. Simply this week, the USA warned that if there is not any phasing out of fossil fuels, it gained’t be conceivable to achieve the objectives of the Paris Settlement. There was once no settlement on the G20 on fossil fuels. How involved are you about this loss of consensus?
THE PRESIDENT: It wasn’t such a lot an settlement that we’d attempt to meet the objectives on the G20. The USA goes to fulfill the ones objectives, by way of the best way. We’re going to exceed the ones objectives. A large number of different nations are as smartly.
However we need to give the ones nations that don’t have the commercial wherewithal and didn’t reason the issue within the first position — for instance, I met with Lula in Brazil.
I began off long ago within the ‘80s with a rather advantageous Republican senator named Dick Lugar. We stated, “Right here’s what we’re going to do. In the event you owe us cash, we’re going to forgive your debt in the event you care for your wooded area.” As a result of they develop into carbon sinks. They’re the issues that take carbon out of the air.
And so, we’re speaking to what we must be pass — and the nations that cleared their land and put farm animals on there and farming and — and did the entire issues that — and larger building, they, if truth be told, are those — the the reason why — the primary explanation why we’ve gotten as a long way down the street to crisis right here as we have now.
And so, it sort of feels — and if we have now the commercial capability, we — the ones international locations must be getting in combination and offering lend a hand for the international locations that don’t have the wherewithal to do it — the commercial wherewithal and the infrastructure wherewithal.
And that’s why, for instance, I discussed — within the pastime of time, I’ll simply point out Angola once more. Angola has the capability to generate megawatts of power via solar power. They don’t have the — the commercial manner to try this. Isn’t it within the pastime of the entire global if they’re, if truth be told, in a position to generate vital capability to take in — to stop carbon from being launched within the air? I believe that it’s.
So, what we’re looking to do is lend a hand the ones international locations. The — and in particular within the International South, the place they’re now not as rich, the place there don’t seem to be as many alternatives in an effort to handle the issues that they need to handle.
As an example — and I’ll finish with this — there’s extra carbon absor- — absorbed from the ambience each day — and I’ll glance to my — my pal, John Kerry, who’d forgotten extra about this than most of the people know — proper me if I am getting this mistaken, John, however I’m somewhat positive I’m proper — and that’s that there’s extra carbon noticed [absorbed] from the air into the Amazon area into the bottom — the bottom — than emitted in all the United States at the similar foundation.
Now, consider if other people pass in and do what we did 150, 200, 250 years in the past and lower down the wooded area and the — get started farming in that space, now not have that groovy carbon sink. We — , it’s going — it might be a big drawback.
So, we must be going to spaces, whether or not it’s within the Congo or different puts, as — because the G7 international locations and because the rich G20 international locations, the — and offering the type of infrastructure they want in an effort to get advantages.
And wager what? Along with serving to the surroundings total — and the one existential danger humanity faces much more scary than a — than a nuclear battle is world warming going above 1.5 levels within the subsequent 20 — 10 years. We’re — that’d be actual hassle. There’s no long ago from that.
And so, there’s so much we will do within the interim. As an example, that — that pipeline — that railroad we’re speaking about going throughout from the center — from India, all through the Center East, and to — around the Mediterranean and during Europe, that’s going to have a hydrogen pipeline there. That is going to seriously cut back the volume of carbon emitted within the air, nevertheless it prices some huge cash to place that down. And the arena goes to mention it’s in our pastime — collective pastime to do it.
So, I’ve now not — I’ve now not given up in any respect at the perception that we’re going in an effort to, — how can I say it? I — I believe — I believe we will triple the renewable capability for — because it pertains to world warming — by way of the yr 20- — 2030 — 2030.
Nations following the IRA playbook, which is the only we handed — the blank power jobs, they’re going to create production jobs.
As an example, as a result of what we’ve performed, we — we have now essentially the most — we have now essentially the most e- — we have now the most powerful economic system on the earth these days. Presently, these days, the USA of The usa has the most powerful economic system on the earth — on the earth. Now, we’ve were given extra to do, however we have now the most powerful economic system on the earth.
And one of the crucial causes we’re doing it — we modified the mechanism of ways we handle this. And that’s as a substitute of trickle-down economic system — this is if the rich and the firms do really well, everyone goes to do smartly.
Smartly, the reality of the topic is: I’ve by no means purchased that principle. However I believe the days have modified, and a large number of main economists are starting to consider me — simply flat, straight-out educational economists — and that’s: We must construct financial expansion from the center out and the ground up.
When that occurs, everyone does smartly. Everyone does smartly. The rich nonetheless do very, really well. They have got no drawback. You’ll nonetheless be a billionaire beneath that machine as smartly. However you’re going to begin paying your taxes if I’ve anything else to do it. That’s a unique factor.
However all kidding apart — so, there’s — we have now — I believe the opposite factor that’s dawning on other people — lots of you who’re e- — overseas coverage professionals were engaged for a very long time. Did you ever assume you’d be sitting at a G20 convention the place everybody was once preoccupied with the perception of worldwide warming? Now not a funny story. Did you ever assume that?
And there’s a — my — my brother loves having — there’s well-known traces from motion pictures that he all the time quotes. You understand, it’s — and one — considered one of them is — there’s — there’s a film about John Wayne. He’s an Indian scout. They usually’re looking to get the Ap- — I believe it was once the Apache — one — one of the crucial nice tribes of The usa again at the reservation.
And he’s status with a Union so- — so he’s — they’re all on their — and so they’re on their horses of their saddles. And there’s 3 or 4 Indians in headdresses, and the Union infantrymen — and the Union infantrymen are principally pronouncing to the Indians, “Include me, we’ll handle you. We’ll — the whole lot can be excellent.”
And the Indian scou- — the Indian appears to be like at John Wayne and issues to the Union soldier and says, “He’s a mendacity, dog-faced pony soldier.”
Smartly, there’s a large number of mendacity, dog-faced pony infantrymen in the market about — about world warming, however now not anymore. Impulsively, they’re all knowing it’s an issue. And there’s not anything like seeing the sunshine.
For — and let’s see. I’m simply following my orders right here.
Team of workers, is there anyone I haven’t spoken to?
(Go-talk.)
THE PRESIDENT: No, I ain’t calling on you. I’m calling on — I stated there have been 5 questions.
MS. JEAN-PIERRE: Anita — Anita from VOA.
THE PRESIDENT: Anita from VOA.
Q Thanks, Mr. President. I’m hoping you didn’t assume that calling handiest on lady would get you softballs this night. (Laughter.)
THE PRESIDENT: Oh, I do know higher than that.
Q Ok. Smartly, let me get started with President Xi —
THE PRESIDENT: In the event you ship me a softball, I wouldn’t know what to do with it. I’d most probably strike out even worse.
Q Smartly, let me ask you about — you — you’ve spent a variety of time speaking about always you spent with President Xi and the significance of leader-to-leader communique, but you two haven’t spoken in 10 months. And I simply surprise, are you apprehensive that that is destabilizing the U.S.-China dating? And what are you going to do about it?
After which, if I would possibly on Ukraine, sir. Kyiv is ups- —
THE PRESIDENT: (Laughs.)
Q — is dissatisfied that the G20 communiqué didn’t named Russia because the aggressor. Have you ever controlled to rally extra make stronger or sympathy around the G20, or is that this rising as a wedge factor with the International South? And does that vary your dedication to Ukraine?
THE PRESIDENT: It’s now not a wedge factor of the International South. It’s a wedge factor with Russia, which was once provide, and with China, which was once provide — which was once — had the illustration.
And so — and, by way of the best way, I’m a — my — my workforce, my group of workers nonetheless meets with President Xi’s other people and his Cupboard, and, in impact, I met together with his number-two individual right here in — excuse me, in India these days.
So, it’s now not like there’s a — a disaster if I don’t for my part discuss to him. It will be higher if I did, however I believe —
Glance, this isn’t a complaint; it’s an commentary: He has his palms complete at this time. He has overwhelming unemployment together with his formative years. One of the crucial primary financial tenets of his plan isn’t operating in any respect at this time. I’m now not satisfied for that. However it’s now not operating.
So, he’s making an attempt to determine, I think — I don’t know — similar to I’d, making an attempt to determine what to do in regards to the specific disaster they’re having now.
However I don’t assume it’s a disaster with regards to battle between China and the USA.
As an issue of reality, I believe it’s much less more likely to reason that more or less battle. I don’t —
Anyway, I simply assume that there are different issues on leaders’ minds, and so they reply to what’s wanted on the time.
And glance, no one likes having celebrated global conferences in the event you don’t know what you need on the assembly,
in the event you don’t have a gameplan. He can have a gameplan; he simply hasn’t shared it with me.
However I inform you what, I don’t learn about you, however I’m going to visit mattress.
Q What did you speak about with Mr. Li? You stated you spoke to the quantity two from China, who wa- — in India these days?
THE PRESIDENT: Yeah, we ta- —
Q What did you speak about with him?
THE PRESIDENT: We mentioned what we mentioned on the convention total. We mentioned balance. We mentioned ensuring that the 3rd Global — the — excuse me — “3rd Global” — the — the — the Southern Hemisphere had get right of entry to to switch, it had get right of entry to —
We — it wasn’t confrontational in any respect. He got here as much as me. He stated (inaudible) —
MS. JEAN-PIERRE: Thank — thanks, everyone.
THE PRESIDENT: Thank —
MS. JEAN-PIERRE: This ends the cou- — press convention. Thank you, everybody.
THE PRESIDENT: Thanks. Thanks.
(Go-talk.)
Q Mr. President, are you hanging U.S. strategic pursuits above human rights right here in Vietnam?
Q You could have time for yet one more. We got here all this manner. We got here all this manner.
Q Are you hanging U.S. strategic pursuits above human rights right here in Vietnam?
THE PRESIDENT: (Inaudible) above human rights, and I’ve raised it with each and every individual I met with.
Thanks.
9:34 P.M. ICT
