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Trump celebrates longtime friend of Beijing as U.S. ambassador to China

9:42pm EST - 01:59

President elect Donald Trump outlined a series of challenges as he introduced his choice to serve as the next U.S.. Ambassador to China, Iowa Governor Terry Branstad. Rough Cut (no reporter narration).

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ROUGH CUT (NO REPORTER NARRATION) STORY: President elect Donald Trump outlined a series of challenges as he introduced his choice to serve as the next U.S. Ambassador to China, Iowa Governor Terry Branstad, at a victory rally held in Des Moines, Iowa. Trump said, "The nation of China is responsible for almost half of America's trade deficit." Trump said China was responsible for "massive theft of intellectual property," in addition to "massive taxes on U.S. companies," not helping with "the menace of North Korea," as well as their at-will devaluation of their currency. "Other than that, they have been wonderful, right?" Trump said. He then introduced Branstad as "the man who knows China and likes China...and knows how to deliver results." The appointment may help to ease trade tensions between the two countries, the world's two biggest agricultural producers, diplomats and trade experts said. Branstad has visited China at least six times, and Chinese President Xi Jinping has traveled to Iowa twice, including once while Branstad was governor. Branstad's appointment also suggests that Trump may be ready to take a less combative stance toward China than many expected, the experts said.

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Trump celebrates longtime friend of Beijing as U.S. ambassador to China

9:42pm EST - 01:59