Donald Trump Discusses Plan for China

The president-elect told supporters in Iowa on his "Thank You" tour that his appointment of Iowa Gov. Terry Branstad would help improve the nation's relationship with China.
2:41 | 12/09/16

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Transcript for Donald Trump Discusses Plan for China
trump transition. President-elect held another thank you rally in Iowa last night introduced their governor for ambassador to chain as we learn he plans to stay on as executive producer of "Celebrity apprentice" while president. ABC's Tom llamas is in des Moines with the story. Good morning, Tom. Reporter: George, good morning to you. From a very chilly Iowa and that's right, it appears Donald Trump is going to keep a financial tie in show business while questions linger over his real estate business. This as president-elect trump extends an olive branch to China with a very important diplomatic pick. President-elect Donald Trump announcing how he's going to deal with the growing superpower. We have to improve is our relationship with China. Reporter: In Iowa trump telling the crowd he's fixing the problem by appointing their governor, Terry Branstad to be the ambassador to China. Largely because Branstad has had a long, friendly relationship with China's leader and the job won't be easy. Trump has a lot of problems with China. You have the massive theft of intellectual property putting unfair taxes on our companies, not helping with the menace of North Korea like they should. And the at will and massive devaluation of their currency and product dumping. Other than that they've been wonderful. Reporter: And announcing another high-profile hire. Andrew puzder to be labor secretary. His company owns Hardee's and Carl's Jr. Best known for these ads. The all natural burger. Reporter: He is a critic of Obamacare and has argued against substantially raising the minimum wage. The trump team, he is a proven job creator and ABC learning the president-elect will be keeping another job besides commander in chief. You're fired. Reporter: Trump staying on as executive producer of "Celebrity apprentice" now hosted by Arnold schwarzenegger. Everybody is saying I should run for president. Let me ask you a question, meat loaf, should I run? Absolutely. Reporter: When he announced his candidacy he spoke about "The apprentice". I'm giving up a lot. You know "The apprentice" was renewed. Are you going to do it. I can't do it because you're not allowed to do it if you do this. Reporter: Trump's spokeswoman says we'll get more details on this at a news conference next Thursday when he talks about his business ties and I've just gotten off the phone with the top transition source who tells me this morning speaker Paul Ryan for the first time will head to trump tower in Manhattan to meet with the president-elect on trump's home turf. This is another sign that both these Republican leaders are trying to mend fences. George. Okay, Tom, thanks very much.

This transcript has been automatically generated and may not be 100% accurate.

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