WATCH: Trump Tells Biden Politics Is 'Not a Very Nice World' As They Meet at White House for First Time Since Kamala Loss

President-elect Donald Trump met with President Joe Biden at the White House in order to discuss a peaceful transition of power between the two administrations.

The President-elect, who emerged victorious on election day in November, met with the incumbent President on Wednesday and thanked him for his cooperation.

"Thank you very much. And politics is tough. And it's in many cases not a very nice world, but it is a nice world today and I appreciate it very much," said Trump. "A transition that is so smooth, it will be as smooth as it can get, and I very much appreciate that."

This is a breaking news story. Stay tuned for further developments.