Listen: China, President Donald Trump, United States discussed on BTV Simulcast
"But slowing shipments of its switch console for suggestions company to cut its outlook for the device. Shares me tender up sixteen percent this year. I was on reported earnings for the second consecutive course. Coming in below Wall Street expectations and raising concerns that some of the markets Amazon used to catapult itself into a juggernaut might be cooling off growth in the North American retail slowed dramatically and the company says it's valuating the impact of new ecommerce rules in India. And those are the top global take stories off the day Sherri right now, President Donald Trump met. We're trying to talk negotiator Vice Premier Li ho in the Oval Office on Thursday. Trump said he received a called beautiful letter from Chinese president Xi Jinping. The letter supposedly says she hopes to leaders keeping close contact President Trump said that there is no meeting date set which she has yet. The US is also dispatching to its top trade negotiators to China. Treasury Secretary Steven Mnuchin and US Trade Representative Robert lighthizer joining us now from Hong Kong to discuss is Bloomberg chief north Asia. Correspondent Stephen Engle saving. We're now hearing from embassador lighthizer that he's saying that the trip to China with secretary Mnuchin may be around mid February. What's really interesting, though, is what shape a trade deal could take because President Trump has talked about a no deal. If it isn't a big deal, anybody could actually get postponed. What do we know? So far. Yeah. That's right. I mean, it was interesting to hear from Robert lighthizer in that Oval Office impromptu press conference where he said, you know, they really focused on the structural issues. I mean buying soybeans at buying Ellen g buying a more commodities from the United States. That's the easy stuff. China needs those commodities, and they are planning to do that. Anyway, they stopped buying soybeans as a retaliatory measure against the United States. They still need those soybeans as a net importer of soybeans and the demand that there is in China also their fuel needs, but it's the structural issues that Robert lighthizer talked about and that is the theft of intellectual property by the Chinese allegedly, of course, that the United States alleges as well as the state support of key industries and forced technology transfers, these are the real tough issues and keep in mind these negotiations have gone back and forth back and forth with some progress. You know, maybe one step forward, a step back, and etc. So, you know, I'm not supposed to give my opinion. But i've. Always been a little bit pessimistic that they're going to get a lot of progress from the Chinese on these key structural issues. And that perhaps any kind of deal could be just a bandaid deal to buy more US products, whereas the real key negotiations and just a month left to go before that March first deadline. There's a lot of optimism. But there's also a lot of challenges to get those structural issues. Adequately addressed and lighthizer, of course, a notable China hawks saying enforcement enforcement enforcement. I mean, clearly they want these things become a reality is also interested from a tech perspective here that they're discussing how hallway as yet hadn't really been discussed. But it will be. Yeah. We'll be. And then it was interesting as well that Donald Trump sort of dismissed the case saying, listen, we will talk about we haven't talked about yet. And really this is a small component of the overall trade relationship between China and the United States, but it has sort of soured the mood between the two countries obviously with the third country being Canada. So it will be discussed and again it goes back to the the allegations of intellectual property theft. And so it does go to the core of the US allegations on China as far as a trade partner. So we'll see where those negotiations going whether that could potentially derail any kind of structural deal that we might see before Mark. I was really interesting is that the US trade Representative has really been hammering the point that we need a, very fireable. And enforceable deal. We heard from embassador lighthizer again today. I take a listen. We have much work to do if we're going to happen. Substantial progress we."