18 Burst results for "Bill Reinsch"

"bill reinsch" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:40 min | 2 years ago

"bill reinsch" Discussed on Bloomberg Radio New York

"Moskow, US futures. And European equities or heading lower this morning, we're coming up to six one. On Wall Street every check the markets every fifteen minutes throughout the trading day on Bloomberg right now S and p futures are down about twelve points. Dow futures down ninety nine as futures down thirty seven the Dax in Germany is down seven tenths percent. The CAC in Paris down about three tenths percent Footsie-100 down about the same Nikkei two twenty five Japan gained nine tenths percent. While the Hang Seng in Hong Kong was down one point two percent. Ten year treasury three thirty seconds, yield two point three eight percent. The yield on the two year two point one seven percent. Nymex crude oil up eight tenths percent or forty eight cents to sixty three thirty five a barrel. Comex gold little change down seventy cents to twelve eighty five fifty an ounce. The euro at one point one one six four against the dollar. The yen went oh nine point six nine. Nathan here in the rhetoric on trade is ramping up again, with Chinese state, media, signaling, the government is not. Interested in resuming talks with the US as Bloomberg's David Finnerty reports China appears to be digging in for an extended standoff doesn't see his legacy and his longtime President Trump isn't his election next year. And therefore they tug at certain industries that may hurt his base. He may be allowed to sort of push ahead with this. So I think the Senate cool his bluffs, shall we say. So I think they all quite happy decided, we'll pay mobile guy you on this one. So for the time being it looks like negotiations are paused. Bill Reinsch is senior adviser at the center for strategic and international studies. Right now it looks like both sides are digging in for a siege more than a quick resolution. The two presidents it looks like we'll meet in a Sokha at the end of June. They'll be a very important meeting because really what's happened is the two presidents have kind of taken over the negotiations. They're clearly in charge. They feel free to overrule their negotiators. So they're going to have to get together to see if they can solve it g twenty meeting set for June. Twenty eighth in Japan. Chinese state media says stimulus, so they stepped up to support the economy. And we're seeing China's currency weakened on the back of those comments garage, Patel, global macro strategist at our CARA Beijing's go pretty good at playing the trait will in the ethics Mockus. And I think we see this move as a textbook council response to the tower threats six ninety five to seven being the initial level that will look out for the same way as the base if it does go to call seven, if this is a sustained trade will throughout summit that we couldn't rule out something like seven twenty and China's onshore currency is currently trading at six point nine one against the dollar. One of those all to a mostly risk off session in Asia today. Stocks in China led declines with the three hundred falling two and a half percent. Bloomberg's Juliet Sally joins us from Singapore with some of the other action in today's session. Good morning, Juliet. Good morning. Nathan and Karen, the parent escalation of sign a US tension pushed the yen higher, the safe haven asset on colesville fifth straight weekly advance. Against the dole despite yen strength. Japanese markets will high of Friday along with those in a stretch, but the AUSSIE fell to three against the greenback on the treadmill angst, despite the downward trend in Chinese markets chipmakers in the country will Haya as investors bit. The US restrictions on way technologies could main opportunities in the domestic supply chain that despite some way supplies, like sunny, optical hitting the bottom of Hong Kong's Hang Seng index in Singapore. I'm Juliet Solly, Bloomberg daybreak. Julia, thank you oil heading for its biggest weekly gains. It's early April flaring tensions in the Middle East are boosting prices as Saudi Arabia accuses Iran of ordering a drone attack on its fuel pumping stations checking oil now, NYMEX crude oil is up eight tenths percent or fifty cents at sixty three thirty seven barrel. Brent is up six tenths percent at seventy three dollars three cents turning to corporate news now. Amazon is buying into a European food delivery service leading a five hundred seventy five million dollar investment in delay. Liberal Bloomberg's Joe eastern reports from London is kind of comes out to the blue everything that has been sons of activity in the industry. So your men, but last year bu-but wanted to buy delivering they can agree on a valuation so that they'll fell for. And there's also been some consolidation between the German and Dutch delivery fence so has been signs that something's burning, but it's really the first on Amazon's coming in food delivery. Stocks in Europe are falling on the news with shares of just eat leading declines, they're down seven percent in London. Hewlett Packard enterprise is an advanced talks to acquire US supercomputer maker Cray, that's according to sources, you tell us a deal could be announced as soon as they sweep buying Cray, what health HP enterprise, strengthen its position in the high end computer market turning to earnings now.

Bloomberg US Hong Kong China Japan Nathan Singapore Hang Seng Amazon Germany Paris Senate Juliet Solly Juliet Cray Bill Reinsch London
"bill reinsch" Discussed on C-SPAN Radio

C-SPAN Radio

12:19 min | 2 years ago

"bill reinsch" Discussed on C-SPAN Radio

"It seems like there's a bit of a contradiction. The the vice president in the White House or signaling that they that they intend to come out with a reassuring a positive message, and they're not gonna explicitly mentioned China, and they're going to try to, you know, not force people to to make that that that choice that Amy mentioned. But as as Chris said in the in the press release from the White House the statement about you know, authoritarianism aggression and disregard the sovereignty is so clearly aimed at China. I think it's just gonna put a a real point with an accent on on on the the the the new it's not new, but it's definitely there's now been I think a clear signaling by the administration since the Pence each at the Hudson institute that that we have this long Bill of particulars against China. And that we're going to be. Taking a an approach that is really forcing that choice for people in the region. When I wrote about this the other day when when we had the US ambassador to the WTO here he was talking a couple of weeks ago. He was talking about the fact that there's no middle of the road anymore. You have to pick a lane, you know, and they need you pick China or the United States. And I think that that overall the combination of all that is going to raise some real. Concerns and questions in the region. And so an answer to undermine what I think the administration is is sensibly tried to do in signaling through the free and open Indo Pacific that there's a commitment to this region. And some some behind that in terms of picking last comment present she is not only going to APEC. But at Papua New Guinea, he's going to be holding a meeting with other Pacific island nation leaders, which I think we'll get a lot of attention, and then he's going onto the Philippines for a state visit. So at a time when you know, we're asking countries to choose present. She is going with his bag of goodies, presumably to the Philippines, and again, we're not showing up that's an important amplifying comment. Because I as my colleagues raised earlier, the vice president is not going to talk about trade, not very much. He's not gonna talk about trade and in Asia economics is security. So if you're not playing on on the trade issue, you're not playing. Christina with TV Asahi kind of bring this back towards Japan. I know that like green is not here. But you did mention that vice president Pence is not doing the formal trade engagement that is set up with Taro Aso wondering, you takes comment on the fact there was an article today on also. Comments last year about Hitler? And if how much that actually influence. No, I'm not gonna do that one. You know, I I would I would just bet on the first part of what you said. Vice president Pence was was very reluctant to to be the principal person responsible for I think probably for any particular policy issue. I think he was trying to take the Joe Biden approach approaches being the advisor on everything and able to go anywhere. He didn't want to do what I think vice president gore, for example, dead of being in charge of the Russia relationship here or the or government reorganization. So I think vice-president Pence was headed the arm twisted to join this. It was prime minister Ave really wanted that that high level engagement, and so it was never a comfortable arrangement and the the dialogue economic dialogue. The Pence also economic dialogue never really had much in it. And it's now been effectively subsumed by these bilateral trade talks. Which they're still debating what they're we're actually doing here. Whether we're actually doing an FDA or a tag trade agreement and goods or a banana, or I don't know what we're going to call it. But there is disagreement about that. And. I think it just does not want to engage on that stuff. So it's much more about that. And the controversy you mentioned again, I'm not gonna go there because it's just too too many booby-traps there. But. Okay. If I can follow up on a more practical note, then for the potential trade talks with Japan who is emerging as the voice on that in the US government. Yeah. Bob light is on question. Heiser seems to be clearly in in control of the trade policy agenda operationalizing it, although as we saw from Peter Navarro upstairs, he has opinions about it that about trade policy. But, but I think lighthizer is clearly operationally in charge. And he's the one rolling out the strategy and the WTO with Japan, and the EU and this sort of trilateral effort on these key issues of subsidies and state owned enterprises and digital technology and so forth. Goodman CSIS and is clearly the one in movies did NAFTA renegotiation, and we'll be behind the bilateral with Japan. I think the question about the Japan thing is again, and I was joking about title. But it's a serious point is I think it's unclear whether the US really wants to drive beyond the kind of the core issues, which I think the President Trump and Bob lighthizer have with Japan, which are really two-fold. There's agriculture market access in Japan. They're getting a lot of pressure. I think from beef and pork exporters who see that Australia and you're going to get favorable treatment in Japan under the respective agreements. The and the EU Japan deal, and they want that market. It's a big market for them. And so that's that's something that the the administration clearly needs to address and Japan's ready to do that. I mean, it seems ready to give the same level of access because they've already gone through the politics in Japan. And then the other problem, which is much more difficult as autos. I mean, this has been at the center of our economic and trade relationship for years. And and actually what I'm gonna do is. I'm gonna turn to Bill because he I think he has better thoughts on that. Manage is. Right lighthizer is going to be the one that ends up with us. He has a statutory responsibility. He has a relationship with congress, which is protective of its role in trade policy. He's going to be spending. Probably a lot more time with the ways and means committee in the next congress than he did in this congress because the Democrats have faulted the administration on process. Allows them not to have Baltimore policy. Bill reinsch. Former president of the national Foreign Trade Council from two thousand one to two thousand sixteen saying not enough consultation transparency etcetera etcetera. So expect lots of hearings expect lots of letters expect lots of meetings and are mostly going to be with and he will be in charge. I think in this particular negotiation. Will end up being about auto quotas. If you look at what the president, it's all the president talks about its cars and steel I mean, he talks about agriculture when he's meeting with farmers, and it ought to be an important issue. Because. Obstacles to the US. Agricultural exports in Japan remains significant dropping out of TPP made it worse. Not only are we not getting the benefits of DP DP were being replaced in the marketplace because they've got to deal with the European Union. So the smart thing to do is try to get some of that back, but I would bet decent amount of money that it's really I'm gonna end up being about car quotas. And I think it's fair to say the Japanese government is figure that out in this very concerned about it. Thanks. The South China Morning post. Maybe a question for Chris. Wanted to how how prominently you envisage the road initiative, featuring at the summits. On the agendas of the US or the participating countries, particularly in light of the fact that was. Seems to be a seems to be a move from China to to increasingly legitimize the program. Partnering up with high profile partners like like like Japan. I think it'll definitely feature probably more in the in the background, maybe then than the foreground. But I think you know, the administration's been pretty clear in connecting the program with predatory 'economics. They see them as as one that messages is likely to continue and to be fair. I think it resonates in some way, you know, we do have sincere problems with how the debt traps has been described that result from some of these projects are dealt with. It's big issue in next neighborhood. So maybe I'll have him come in a little bit as well. But I don't expect the vice president or really President Trump to to to mention it directly to to Xi Jinping. I do expect it to continue to be the drumbeat, you know, as as as you know, after commerce three and n each of our statements. I guess the one thing that I'm watching for which I think is important is every now, and again, you kind of get a little hint that maybe the administration is considering coming out. Formerly opposing Belton as opposed to just sort of describing it in the background. I personally feel that would be a significant mistake because as we've all been discussing the message it sends to the region as we know you have these infrastructure needs. But we're not playing so. I expect this is one of the areas that prime minister mode. He's been a little more comfortable talking about their interests their India actually was the first major country to come out and oppose Felton road, and there's line about predatory economics. But something that they kinda coined and it took most other countries, including United States almost a year before it started caught on their prime minister, Modi's speech and Shangri LA same kind of thing. So I expect they'll keep that drumbeat alive. They've got. Was kind of indicating examples in their neighborhoods in particular where they've seen the result of this. And the big fear that they got the China. I'm a quarter. And what that might mean. Water reports coming up, you know, little commercial likelihood that that's going to be a major commercial entity there. So India keep the pile on this Monday. Even if I think others aren't. He said one word on that. I agree with Chris that if the if the Trump administration came out in opposition to the Boughton road in really explicit way rather than just describing concerns about it. You know, it will be pretty isolated aside. From india? I'm prime minister Modi. I mean, pretty much all the other countries have have have come aboard and supported it. We've seen prime minister now in a certain way, kind of embrace it. Although, of course, trying to raise the standards too, high quality infrastructure development, but I certainly not opposing it. Australia has been very supportive of Belton road in many ways and in south East Asia. I mean, you're going to continue to see a lot of support and present she goes to to the Philippines for a state. Visit there's a lot of expectation that they're gonna sign the Philippines will sign memoranda of understanding for Belton rub initiative with China Malaysia. Of course, new prime minister, new prime minister montier has has expressed a lot of concerns and renegotiated or drops and deals with. China. But even he doesn't want to walk away from economic cooperation and investment from China. So it would be it would be a very isolating move. I think. Right of CSI s which hosted this discussion again byline, but I think there's one other point. I totally agree with all of that. And if we did oppose Melton road. I think it would be serious wander. But the good news is and into the administration's credit. They worked with congress this build act the the acronym for which I can't remember. But it's basically the supercharged OPEC which doubles the size. They can allows it to do more of the things that Ajay the Japanese equivalent can do in in terms of infrastructure, finance, and I think that's a significant thing which will give the vice president some credibility as he says, we've got an alternative here to Belton road..

Japan vice president China United States prime minister president Philippines Pence Chris congress WTO Bill reinsch India European Union APEC Hudson institute Australia Asia Indo Pacific Trump
"bill reinsch" Discussed on C-SPAN Radio

C-SPAN Radio

13:34 min | 2 years ago

"bill reinsch" Discussed on C-SPAN Radio

"Studies hosted panel that preview the East Asia summit it's slated for November fourteenth and fifteenth in Singapore. The group included a number of former US diplomats and foreign policy strategists, they talked about President Trump's decision not to attend the summit and potential outcomes. Also, some of the likely issues to be discussed there. This is an hour and fifteen minutes. I'd like to just begin. My name's Colin Quinn. I'm the director for new media audience spelt Materazzi SIS, and I'll be moderating today's press briefing. Thank you all for combing just wanna give you a quick note for high skipping. We will be transcribing this discussion. So actually when you are asking your questions if you want to identify yourself and make it easier on you. We will then be sending dot transcript later on today. So let me introduce my colleagues who will be speaking today in in in this order to my immediate left, Martin Goodman. He's senior vice president and our Simon chair. In political economy is also senior vice for agent economics. And he was a coordinator for the APEC Andy stages so much, and including the G hundred twenty so what's the Obama white has to his leftist, Amy, see, right? Senior adviser and director in the southeast Asia program at CSI s Bill Reinsch senior adviser on show chair in international business. This IS. Rick Rosso senior adviser, and what Wani chair and US India policy. Studies and Chris Johnson senior adviser and Freeman share in China studies at CSS and then joining us on the phone is Victor CHA who is the senior adviser and Korea chair. So we'll all be hearing from them today to start us off, Matt. Thanks. So vice president Pence heads off this weekend to Asia for the annual troika of summits. That's the reason the organizing principle of the trip. He's going to the the East Asia summit. The US ASEAN summit and the APEC event the Asia Pacific Economic coordination leaders meeting, so he'll be in the region for about a week. This is something that president normally does but President Trump opted not to do this trip to ask. Vice president Pence do the trip. So I think to me the the overarching. Theme here is that the vice president is gonna face some skepticism from particularly allies partners in the region, and those I think are in sort of three areas of skepticism one is concerned about some of the statements and actions that the Trump administration has taken criticism of allies. Skepticism about multilateral approaches. Like, the things that are going to be done in these summits. New interest in China policy, following vice-presidents Pence's speech an early October. That was quite a strong in town, particularly in southeast Asia. There's going to they're going to be questions about that and concerns about that. And then obviously the withdraw from the Trans-Pacific Partnership from the Paris climate accord, I think of raised questions in the region, of course, the the use of tariffs against allies as well as against China are a source of concern. And then there are certain. Questions about North Korea policy that the vice president will encounter in places like Japan, for example, which I think has some different. Interests there. I mean in addition to the the the shared interests about proliferation missile development. I think there's some other specific issues Japan has questions about so I think that's one set of one reason for the skepticism the vice president's going to have to address the second reason for skepticism is the free and open Indo Pacific strategy, which was the headline that President Trump announced last year on the same trip when he was in Vietnam and gave a speech at the APEC CEO summit and use this phrase, the free and open Indo Pacific strategy, which has now been fleshed out to some extent by other administration officials, including secretary of state, Mike Pompeo in a speech to the US chamber late July. But I think their questions about the content of the free and open Indo Pacific strategy. The headline resonates well in the region, but the details are unclear at best. And and there are some concerns particularly on the economic and trade. Side where because of the withdrawal from TV non-replacement by another credible regional trade strategy. I think there are a lot of questions about that. But I think you'll see the vice president trying to address those things by fleshing out some of the points that were raised in the Pompeo speech like digital connectivity, which was a specific item that that the secretary of state mentioned infrastructure energy. So these are areas that you should expect to see some discussion of by the vice-president. He's out there. The third reason for skepticism or questions is the fact that it's the vice president and not the president. Because as you've probably heard us on this panel say before in Asia eighty percent of life is showing up and watch that stuff carefully particularly in southeast Asia. So I think they're gonna he's gonna he's gonna face those headwinds, but the other way to look at this is there's a there's a real opportunity here for the vice president to try to flesh out some of these points and convinced folks that the approach the that the United States is committed to the region that the free and open Indo Pacific does have a content and. And that essentially the US is there for allies and partners. And so I think there's a there's a big opportunity here. But a lot of attention will be paid to this. Let me just say one word about the Japan. Stop because Mike green are Japan. Share couldn't be here today. So he asked me actually to wear a kilt to represent him. But unfortunately minds at the cleaners. So I think Mike would say that the purpose of the Japan. Stop is to reassure Japan of the US commitment to the alliance. And so the alliance will be central there. There will obviously be an interest in discussing for the vice-president discuss with president with prime minister Ave, a North Korea China regional security issues maritime security issues. I don't think there's going to be much on trade vice president has been reluctant to engage even in the formal process that was established between him and the finance minister and deputy prime minister mister also because we're in the kind of cooling off period on the bilateral trade agreements. There probably isn't going to be too much discussion of trade. One other highlight of the stop. That's interesting is that the vice president requested and got a joint press availability with prime minister Ave, which is an unusual thing because it's not a protocol match. But but the Japanese gave the vice president that. So that's the probably the public thing to watch on Japan's Donald okay with that. I'll pass it on down the line and sort of roughly chronological order in. Thanks. So from Japan is president pencil travel Ingore for two of the of the major Osceola Asia summits. The I will be a US ASEAN summits. We're homey with ten leaders of these association of southeast Asian nations. And then the major event is the East Asia summit, which brings together the ten awesome members as well as eight other countries, China Japan, South Korea, Australia, New Zealand, India and the United States and Russia. Singapore has been chair of RCN this year. So it's hosting the East Asia summit and there've been two big priorities for this year. So a lot of the news coming out of these meetings is going to be focused on these two issues. So see on is gonna meet as a grouping before the Singapore. Convenience the East Asia summit, and they'll focus on the South China Sea issues there discussions with China over negoti. A draft code of conduct. There's been some modest progress towards towards negotiating a draft still has a long way to go there. There's some major disagreements, but this is something that ASEAN has been pushing for for over two decades and China has been very reluctant to move forward. Some momentum began to build in two thousand sixteen after the arbitral tribunal. Made an award that was very favorable to Philippines, and it's sort of brought China back to the table. So there's been a lot of work by Singapore to try to push this code of conduct closer to a conclusion. But so there's a there's now a single draft text that will be the basis for further negotiations that was announced during the ASEAN China summit in August. And and so there'll be some talk about that. But we don't expect any further nouncement sin as I say, it still is a is a ways off for the United States. The main concern is that the text does not that the draft the code of conduct that emerges does not impinge on the rights of third parties. The United States has been very supportive of the idea of Osceola in China concluding a code of conduct. But it is strongly suggested that code of conduct should be binding to all parties and the concern now is that there's been language inserted by China. According to reports. That would seek to limit US presence in naval exercises and energy exploration without the consent of all parties, which would include of course, China that's unlikely to make it into a final draft. But it it's quite possible that the vice president Pence will will make some messaging around that the second big issue is on the trade front, of course, against the backdrop of having six of the of the of the TPP eleven that comprehensive and progressive Trans-Pacific Partnership. Newly renamed now have ratified that agreement. And so now to slated to come on board by the end of the sheer December thirtieth, and there's been a lot of focus also against the backdrop of uncertainty about US trade policy and grow the growing tariff skirmish between the United States and China there's been a little bit more political will to try to push forward. The broad regional trade agreement called the regional comprehensive economic partnership, which includes. All of the ASEAN countries, plus six additional countries, Australia, New Zealand, China Japan, South Korea and India, so it's basically all of the East Asia summit countries, minus the United States and Russia Singapore's tried very hard to use its chairmanship year to push this agreement towards a substantial conclusion, but India has been the hold out all along really reluctant to give significant concessions in particular because next year is an election year for prime minister Modi and there's been disagreements particularly with India. But even with some other members about the level of ambition for tariff, liberalization and other trade rules. So it looks like they're not gonna get quite the conclusion they want to be able to announce at this meeting, and it means that this. This are set trade agreement will probably drag on into next year and likely beyond. But there will be a lot of discussion around that as well. So as. That said a vice president Pence will be giving a speech at his next. Stop at APEC in his engagements with his counterparts and other bilateral meetings that he'll have at East Asia summit, and it is intervention to these Asia summit. I think the countries in the region are going to be looking for a reassuring message that gives a little more detail about what the free and open Indo Pacific means for the US commitment and vision for the region, there's some concern about US China policy. The growing the intensification of US China's strategic rivalry on the one hand countries. Appreciate strong US presence security strategic presence in the region to balance against overly assertive behavior from China, but they also quite concerned about the the the prospect that tensions might really escalate into something. More serious the recent close encounter of the US navy destroyer with a Chinese naval vessel caused a lot of concern in the region about tensions rising. The South China Sea ABC right of CSIS and and countries. Most importantly, do not want to feel like they are forced to choose between partnership with the United States and partnership with China. So I think that it's an opportunity for vice president Pence to give a reassuring message along those lines that the free and open Pacific, the free and open Indo Pacific is fundamentally strategy about maintaining an open inclusive architecture that is supportive to everyone. Well, my task is to talk a little bit about a pack and trade, and I don't have much to say. Expectations are low, and they probably won't be filled anyway, so. I can I can be brief..

vice president US China China Japan East Asia president President Trump Pence senior vice president ASEAN southeast Asia Asia APEC Korea prime minister Indo Pacific vice-president India Singapore South China Sea
"bill reinsch" Discussed on KQED Radio

KQED Radio

06:42 min | 2 years ago

"bill reinsch" Discussed on KQED Radio

"One place In Saint Paul today the studios of Minnesota public radio I'm KAI Ryssdal it is Tuesday the, twenty eighth day of August is always to have you along everybody at the risk of money in the international trade waters more than they have already been muddied we begin today with an update to developments in. The renegotiation of the North American Free trade agreement while noting, that the Canadian foreign minister Christie Friedland was back in Washington today trying to get. Canada back in that three Bharti deal after yesterday's news that. Mexico and the United. States have come to terms the update for the White House goes a. Little bit like this hold your horses marketplace's Tracey Samuelson introduces us to something called trade, promotion authority trade promotion authority or sets up this quid pro quo between congress and. The president congress gives the president the, authority to go out and go she ate trade deals. That's the quid, Bill Reinsch with the, center for strategic and international studies congress sends the president off with goals for those deals and lots of rules and timetable For telling. Them what he's. Up to the quo from congress is it if the president does all the things that TPA tells him to do then congress agrees to consider agreement that he brings. Back in a timely fashion without any amendments a simple majority vote and congress can't change the carefully negotiated terms of the deal here's the thing last may the president notified congress, like you supposed to you that he wanted to revise NAFTA with Mexico and Canada so what happens if he comes to congress for a vote on a deal without Canada White House officials say it'd still qualify. For these so-called fast-track provision but Jennifer Hillman a professor at, Georgetown law doesn't see it that way in my view coming back with an agreement. It's only between the United States and Mexico is not consistent. With that law ultimately. Congress will decide that question already senators from Pennsylvania and Texas have expressed. Doubts that a US Mexico deal would qualify for that simple majority no amendment vote without Fasttrack provision Hillman says it'd be a much tougher slog though not impossible to get the deal through congress any. One amendment that passes has the potential to take down the agreement unless, you go back to the Mexicans and get them to agree to that provision and, then you've got to bring that revised Bill back again and now you see why fasttrack exists, in the first place I'm Tracey Samuelson for marketplace we're doing a whole lot of. Stories a year or so ago about what looked at the time like a retail apocalypse department stores malls anything built out of bricks. And mortar all pretty much crumbling in the face of online retail as we sit here, in mid two thousand eighteen though things could not be more different. We've seen strong quarterly results past couple of weeks from everybody from target. To Tiffany's best, buy just this morning so, marketplace Justin how has the retail update today is one of the hottest days. Of, the year in New York City but that hasn't stopped shoppers from pouring into the flagship Macy's New York's herald square and they all have, their reasons so stars My experience today was like really good fit right so. If it doesn't fit well then there's no point buying it online I make more money now some more comfortable shopping does that can pick up whatever I. Want that's Michael tomb Richard ROY internet chambers this month Macy. Said improves consumer confidence is driving stronger sales target reported that. Foot traffic and it stores. Is up more than it's been in over a decade Wendy Liebman CEO of WFL strategic retail store, the physical store and the need for, us on the of shop is has gone away she says online sales are strong too and. That's not just Amazon Nordstrom best buy and WalMart, are all finding their way online the. Ones who aren't good gone and the ones who was smarter and investing doing much better over the last year, the retail, job, market has grown only about a third as fast as the private sector as a whole Heidi sheer Holtz, is a senior economist at the Economic Policy Institute she says the real job growth in the sector is in warehouse. Fulfillment centers And wages there aren't great, so it's just not having a big. Meaningful impact on the overall quality of jobs the pressure is mounting on retailers to improve wages. And this morning, best buy, said that paying more, to employees, will eat into profits in New York on Justin how for marketplace, if you're in the market to buy a house this next story might. Be somewhat reassuring somewhat because according to the. Closely washed SNP Keisha or home price index those home prices are still going up just. Not as, fast as they had been, June was the third straight. Month of slowing increases if that makes sense now does that. Mean the housing market is turning or is it just moving around like markets do that's the assignment marketplace's Amy Scott. Got remember all real estate is local right well in Las Vegas prices were up about thirteen percent in June in San Francisco almost eleven percent but only about four percent. Of New York and three percent in DC in Tony Montclair New Jersey agent Diane Russell says she's noticed a change last year for a house. That was you know low six hundred you might have twelve offers, this year she's seeing maybe four or five now they're still really good authors well ask but, it's not the craziness that what we were seeing last year less, crazy is far from downturn Craig Lazaro with SNP Dow Jones indices says rising interest rates may be taking some, of the air out of the market as rates go up obviously housing becomes less affordable, and that will cause demand increase at a, at a less robust. Rate, let's say and some sellers are getting the message Zillow says Moore owners lowered their asking prices? In June Sam cater, chief, economist. At Freddie MAC says the market is, due? For a reality check. The acceleration in home prices were outpacing incomes so I think, the slowdown is, a good thing for all buyers that Christopher Thornberg with beacon economics cautions few months of, data do not A trend make realistically, you inventories are still very very tight on that against suggests that what we're seeing these kind of. Wiggles, in the market are, are nothing more than that they're just wiggles in the market but to. A first, time buyer looking to get into the. Market even a, wiggle may feel like progress I'm Amy, Scott for marketplace one more indicator. Today just, cause consumers in this economy are feeling. Better than they have in. Eighteen years consumer confidence. Is the official term on Wall Street today they were not terribly confident I would say we'll have the details when we do the numbers.

congress Mexico president New York Tracey Samuelson Bill Reinsch Canada Amy Scott Jennifer Hillman United States Saint Paul White House Minnesota Bharti Washington New York City Christie Friedland Wendy Liebman
"bill reinsch" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

06:42 min | 2 years ago

"bill reinsch" Discussed on WNYC 93.9 FM

"One place In Saint Paul today the studios of Minnesota public radio I'm KAI Ryssdal it is Tuesday the, twenty eighth day of August could is always to have you along everybody at the risk of muddying the international trade waters more than they have already been muddied we begin today with an update to. Developments in the renegotiation of the North American Free trade agreement, while noting that the Canadian foreign minister of Friedland was back in Washington today trying. To get Canada back, in that three deal after yesterday's news Mexico and the. United States have gone to terms the update for the White House goes. A little bit like this hold your horses marketplace's Tracey Samuelson introduces us to something called, trade promotion authority trade promotion authority or sets up this. Quid pro quo between congress. And the president congress gives the president, the authority that go out and he goes trade deals that's the quid, Bill Reinsch with the. Center for strategic and international studies congress sends the president off with goals for those deals and lots of rules and timetable Abel's. For telling them. What he's up. To the quo from Congress's but if the president does all the things that TPA tells him to do then congress agrees to consider the agreement that he brings back. In a timely fashion without any amendments a simple majority vote and congress can't change the carefully negotiated terms of the deal here's the thing last may the president notified congress like, supposed you that he wanted to revise NAFTA with Mexico and Canada so what happens if he comes to congress for a vote on a deal without Canada White House officials say it'd still qualify for. These so-called fast-track provision but Jennifer Hillman a professor at Georgetown, law doesn't see it that way in my view coming back with an agreement it's. Only between the United, States and Mexico is not consistent with that law ultimately. Congress will decide that question already senators from Pennsylvania and Texas have expressed. Doubts that a US Mexico deal would qualify for that simple majority no amendment vote without Fasttrack provision Hillman says it'd be a much tougher slog though not impossible to get the deal through congress any. One amendment that passes has the potential to take down the agreement unless you go back to. The Mexicans and get them to agree to that provision and then you've got, to bring that revised Bill back again and now you see why fast-track exists in the first place, I'm Tracey Samuelson for marketplace we're doing a whole lot of stories year or so. Ago about what looked at the time like a retail apocalypse department stores malls anything built out of bricks and mortar all. Pretty much crumbling in the face of online retail as we sit here in mid two, thousand eighteen though things could not be more different we've seen strong. Quarterly results past couple of weeks from everybody from target to Tiffany's best. Buy just this, morning so marketplace Justin has, the retail update today is one of the hottest days of the year in. New, York City but that hasn't stopped shoppers from pouring into the flagship Macy's and New York's herald square and they all have their reasons so, let's go to stars My experience today was like really good it's all about the. Fit right so if it doesn't fit well then there's no point buying it online I make more money now some more comfortable shopping does that can pick. Up whatever I want that's Michael tomb Richard ROY internet chambers. This month Macy said improves consumer confidence is driving stronger sales. Target reported that foot traffic. And it stores is up more than it's been in over a decade Wendy Liebman CEO of, WFL strategic retail store the physical store, and the need for us on the powder shelf is has gone away she says online sales. Are strong too and that's not just Amazon Nordstrom, best buy and WalMart are all finding. Their way on line one go to gone and the ones who were smarter and investing doing much better over. The last. Year the retail job market has grown only about a third is fast as the private sector as a, whole Heidi sheer halts is a senior economist at the Economic Policy Institute she says the real job growth in the sector. Is in warehouse fulfillment centers And? Wages there aren't great so it's, just not having a big meaningful impact. On the overall quality of jobs the pressure is mounting on retailers to improve wages and this. Morning best buy, said that, paying more to employees, will eat, into its profits in New York I'm Justin how for marketplace if, you're in the market to buy a house this next story might be. Somewhat reassuring somewhat because according to the closely, watched SNP Kaye Scholer home price index those home prices are still going up just not. As fast, as they had been June, was the third straight month. Of slowing increases if that makes sense now does that mean the. Housing market is turning or is it just moving around like markets do that's the assignment marketplace's Amy Scott. Got remember all real estate is local right well in Las Vegas prices were up about thirteen percent in June in San Francisco almost eleven percent but only about four percent. Of New York and three percent in DC in Tony Montclair New Jersey agent Diane Russell says she's noticed to change bast year for a house. That was you know low six hundred you might have twelve offers this year she's seeing maybe four or five now they're still really good authors well over. Ask but it's not the craziness that what we were seeing last year less, crazy is far from downturn Craig lisera with SNP Dow Jones indices says rising interest rates may be taking some, of the air out of the market as rates go up obviously housing becomes less affordable, and that will cause demand increase at a, at a less robust. Rate, let's say and some sellers are getting the message Zillow says Moore owners lowered their asking prices? In June Sam cater, chief, economist. At Freddie MAC says the market is, due? For a reality check. The acceleration in home prices were outpacing incomes so I think, the slowdown is, a good thing for buyers that Christopher Thornberg with beacon economics cautions a few months of, data do not Trend make, realistically even are still very very tight on that against suggests that what we're seeing these kind of. Wiggles, in the market are, are nothing more than that they're just wiggles in the market but to. A first, time buyer looking to get into the. Market even a, wiggle may feel like progress I'm Amy, Scott for marketplace one more indicator. Today just, cause consumers in this economy are feeling. Better than they have in. Eighteen years consumer confidence. Is the official term on Wall Street today they were not terribly confident I would say we'll have the details when we do the numbers.

congress president New York Tracey Samuelson United States Amy Scott Mexico Bill Reinsch Canada Jennifer Hillman Justin Saint Paul White House Minnesota Washington Wendy Liebman Friedland
"bill reinsch" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:53 min | 2 years ago

"bill reinsch" Discussed on WBZ NewsRadio 1030

"Is CBS news on the, hour, presented by Liberty Mutual, insurance, on that fiber it took. A couple of days but President Trump has finally raid remarks about the late Senator John McCain hearts and prayers, are, going, to the family of Senator John, McCain it'd be a lot of activity over the next number of days and we very much appreciate everything that, Senator McCain has done for a country it was at a. Dinner he hosted for evangelical leaders at the White House it comes after the White House I, decided to stop flying the American flag at. Half staff though McCain's through McCain's frito Sunday, then made a change late this afternoon Senator Johnny Isakson. Anybody who anyway Tarnishes the reputation. Of John McCain deserves a weapon Because most of the ones who would do the wrong thing about John. McCain didn't have the guts do the right thing the US and Mexico have agreed. To overhaul NAFTA the North American Free trade agreement both countries put pressure on Canada to agree to new terms on things like auto trade Bill Reinsch with the. Center for strategic and international studies offers this view the important issue I think now is whether Canada will come in the idea of NAFTA from the, beginning was to have an integrated, North, American market dividing it up into separate US Mexico separate US. Canada pieces I think would be a good thing auto stocks soared and the s&p five hundred and the NASDAQ rally directed highs on. The expectation that candidate would sign onto the deal police are still searching for a motive in. The third mass shooting in two years in Florida Sunday's Jacksonville shooting during a video game journey left two people dead and eleven hurt FBI special agent Charles. Spencer says, they've been speaking with the suspects parents his. Parents both mother. And father have been fully cooperative the FBI So so far they've provided access to all the records we requested and but very understanding the need for information. To ensure the few others witnesses say twenty four year old suspect was a disgruntled gamer angry. Because he lost a tournament former staffers at an elite New Hampshire prep school are accused of sexually abusing students correspondent Elaine Quixote eleven former employees of Phillips. Exeter academy, are accused of fondling students along with other. Sexual misconduct Two new reports detail the claims spanning several decades this, school is also accused of. Mishandling the complaints and failing to investigate them top seed Simona Halla Ended up on the wrong side of history at the US open she becomes the first woman in the. Professional era to lose in the first round of the open fell in straight sets to Kaya Nikki Number one CBS news WBZ, news time. Twelve three the Subaru retailers of New England all-wheel-drive traffic.

Senator McCain US Senator John Senator Johnny Isakson Canada FBI CBS White House Liberty Mutual NAFTA Mexico Kaya Nikki Number President Trump Simona Halla Exeter academy New Hampshire prep school Subaru Bill Reinsch Spencer
"bill reinsch" Discussed on Marketplace All-in-One

Marketplace All-in-One

01:37 min | 2 years ago

"bill reinsch" Discussed on Marketplace All-in-One

"Planet them Michigan, where big ideas and mobility are born. Companies may find their darned as they do and darned if they don't on Iran, I'm David Brancaccio in New York. US sanctions on Iran go into effect today. President Trump pulled out of the two thousand fifteen multinational deal in may marketplace's Reema, Chris reports on a paradox here, the US sanctions, banning Ron from buying dollars trading and gold steel or motive parts. They also punish foreign companies, many European that trade with Iran, what's the EU countries take on all this shortly negative. They seem to be United in their opposition to what Trump is doing. Bill Reinsch is a trade expert at the center for strategic and international studies. He says the EU prefers to stick with Iran nuclear deal and has revived a statute that blocks companies complying with the American sanctions. If they do business in Iran, they're violating our sanctions. And if they don't do business in Iran, they'll be violating the us blocking statute. So. Our hosed either way, retake yo with the council on foreign relations says, most businesses would prefer to upset the EU than the US go against the American sanctions and you will forfeit your access to the American market. Now, that's a pretty big deal because the American market is so much bigger than Iran's. I'm Reema crease for marketplace. Beleaguered Wells Fargo Bank has disclosed that its mistaken calculations may have led it to wrongly deny loan modification applications for more than six hundred customers leading to about.

Iran EU President Trump Bill Reinsch US David Brancaccio Wells Fargo Bank Michigan New York Ron Chris
Trump On EU Auto Tariffs, I Just Want Fairness For Americans

Biden's Briefing

05:51 min | 2 years ago

Trump On EU Auto Tariffs, I Just Want Fairness For Americans

"Hey, you listen to Biden's briefing every day. I had relevant stories and topics news to share with you and now onto the bravery. Trump tariff threat on European cars, escalates global trade war by Jenny Leonard, and Richard Bravo for Bloomberg news with assistance by Ben sills, Alex Wayne and Ryan bean President, Donald Trump, threatened a twenty percent tariff on cars, imported from the European Union. Unless the block removes import duties and other barriers to US goods escalating global trade war. The EU warned could endanger three hundred billion dollars in commerce based on the tariffs and trade barriers, long placed on the US and it's great companies and workers by the European Union. If these tariffs and barriers are not soon broken down and removed, we will be placing a twenty percent tariff on all of their cars coming into the US build them here Trump said in a tweet on Friday, the EU plan to retaliate according to a European Commission memo obtained by Bloomberg and introduction of. US tariffs would be met with the equivalent penalties imposed by affected trading partners. It said shares of Volkswagen AG dime. L'oeil AG and BMW AG fell in Frankfurt and US auto companies, erased earlier gains in New York trading Trump's tweet came hours after the EU impose tariffs on about three point, three billion dollars of American products in response to his barriers to imported aluminum, steel, the European tariffs target politically resonant products, including twenty five percent duties on Harley, Davidson, motorcycles, Levi Strauss, and company, jeans and bourbon. The EU measures cover a total of around two hundred categories also including various types of corn, rice, orange juice, cigarettes, cigars t-shirts, cosmetics boats, and steel trade war. Trump's latest salvo against the European auto. Oh industry threatens to broaden a trade war that he's already sparked with China. The US has pledged to impose twenty five percent tariffs on thirty four billion dollars in Chinese goods on July sixth and China vowed to retaliate. In the same amount of US imports, the US may justify the auto tariffs on the grounds of national defense just as it did in March when imposing duties on global imports of steel and aluminum Trump initially exempted the EU from the metal tariffs, but let the temporary reprieve expire after negotiations with the Europeans fell apart America's ambassador to Germany. Rick Grenell is in Washington this week seeking deal on auto levies. He spoke to White House trade advisor, Peter Navarro, commerce, secretary. Wilbur Ross US Trade Representative, Robert lighthizer, and Treasury Secretary, Steven Mnuchin about reducing existing tariffs on cars shipped between the US. In Europe, two zero, their support in the administration and from German carmakers for such an idea. But no agreement has been reached yet. Rarely used the Commerce Department in may started investigating whether imports of cars and light trucks hurt America's ability to defend itself by a rotating, the country's auto industry. If the findings show a threat to the US a nineteen sixties era. Trade law gives the president of thority to impose import restrictions without congressional approval. Many lawmakers have been critical of Trump's use of the trade law which was rarely applied before he took office Ross during a Senate hearing on Wednesday faced heated questions from GOP lawmakers who argued there was no merit to claiming auto imports threaten the country's defence capabilities Bill Reinsch, senior adviser at the center for strategic and international studies in Washington and former. Commerce official said the president's tweet may undermine his government's argument for auto tariffs, having ordered an investigation into whether auto imports are a national security threat. He has now undercut that by reaching his conclusion before the investigation has barely begun. Reinsch said it's a classic case of ready fire aim, and it will only lead to litigation in the US and a loss at the WTO. When we are inevitably taken, they're buying European the Washington trade association for BMW dime, learn and Volkswagen's operations. In the US warned consumers will be harmed by higher tariffs, consumers fare best when tariffs are low Gloria Burke west spokeswoman for the alliance of automobile manufacturers said in a statement, the group also represents General Motors company and Fiat Chrysler automobiles and v Trump's tariff rhetoric further undermines US auto market alr-. Ready in its second year of decline. After record sales in twenty sixteen said Cody Lusk president of the American international Automobile Dealers Association. He pointed to dime Lewis decision on Thursday to pare its profit outlook as an early example, you're already going to see prices going up incrementally as a result of the steel and aluminum tariffs in the auto sector said Lusk, whose group represents foreign branded auto dealers in the US. All of that combined with increasing interest rates is a recipe for disaster. Thanks for listening subscribed to the briefing share with a friend so we can build a bigger more inclusive conversation.

United States Donald Trump European Union President Trump Bmw Ag Volkswagen Bloomberg Bill Reinsch Wilbur Ross Washington China Biden Washington Trade Association Commerce Department American International Automob Cody Lusk America
"bill reinsch" Discussed on The CSIS Podcast

The CSIS Podcast

02:44 min | 3 years ago

"bill reinsch" Discussed on The CSIS Podcast

"Uhhuh it's friday july sixth i'm colin quinn and welcome to the read eight mexico has a new president mine well lopez over door i'm low as he's known received fifty three percent of the vote more than double the votes of his nearest rival as a committed leftist he's a departure from his more traditional predescessors so it's still unclear i was election we'll check his country's relationship with the united states but i the long threaten trade war between the us on china has begun the trump administration's tariffs on thirty four billion dollars worth of chinese products went into effect a twelve o one am today spokesperson for the chinese ministry of commerce galloping responded may not legit hall it's the us that initiated this trade one we don't want it but if the us can pose additional tariffs on chinese imports china will have to take enter measures cheesy fundraiser and so we know enter own sharkey territory and help us navigate his bill reinsch he's the show chair in international business at csis and one half of the trade guys are sister podcasts that breaks dan what's happening in the world of international trade we begin by looking at how big of an effect this trade war will have on americans well in the short run not much partly because on our side the administration's tried to stay away from consumer items so consumers won't notice a big hit the biggest hit is on farmers because of chinese retaliation they're terrorists focus on agriculture and that's serious for the farmers because it not only means law sales in the short term it may mean market access permanently gone because once the chinese start buying brazilian soybeans they they're not automated coming back to american soybeans the other big hits will be american manufacturers because while the administration avoided tariffs on consumer items that meant they ended up putting tariffs on parts of the components intermediate goods that we use to make stuff and so are manufacturers who make stuff with imported parts and components are getting a double hit their parts and components are going to be more expensive because of our tariffs on chinese goods and they're in products that they're trying to export to china are going to be more expensive because chinese retaliatory taros so they take a double hit that'll take time to play out so in the short run the immediate losers of the farmers everybody else it will take a few months what is the strategy behind this what is the us trying to get china to do that's one of the great mysteries i listen to the frayed guys and and and you can hear multiple opinions on that subject it appears that the administration is divided on what they want some of them have taken the socalled section three oh one report seriously which focuses on chinese intellectual property theft force technology transfer as a condition of doing business discrimination of various kinds against foreign companies and they want all that fixed they want china to change the way it's economy operates and stopped doing that stuff they wanted to abandon made in china twenty twenty five which is it's program for to achieve a global champions in a range of hightech sectors other people administration just want to reduce the deficit and which can be done if china buys more of our stuff that problem can be solved the first problem is much harder to solve these time the chinese stop doing what's good for you start doing what's good for us that's a hard lift a heavy lift so far the president has said i want both he's declined to make a choice so it appears we want everything and he thinks the tariffs is our way to get there are the you is the us is a market strong enough to actually create that change in behavior or that's the gamble i guess they're trying to make well he thinks so that's the gamble yes most observers think not but you know we'll see maybe he's right but this is this is a five act play it's not short attention span theater this is going to play out over over weeks and months he said that if the chinese retaliate which they did he'll add more tariffs probably another two hundred billion if he does that he won't be able to avoid consumer items because that's just so much stuff the most obvious consumer items that we get from china are laptop computers and.

colin quinn president thirty four billion dollars fifty three percent
"bill reinsch" Discussed on KQED Radio

KQED Radio

02:04 min | 3 years ago

"bill reinsch" Discussed on KQED Radio

"Countries here are looking for a goldilocks outcome with prices neither too high nor too low geopolitical factors complicate that nonmember russia is poised upon more saudi arabia may want a higher price to make the upcoming it for their state run oil company more attractive iran faces possible sanctions sandy field and is with morningstar grace increase but actions they write ins went they'll take advantage of that so effectively that'd be losing market share to the saudis and the russians meanwhile ahead of the meeting president trump tweeted that opec's actions are driving prices too high for marketplace tensions with china are spilling over into the us economy during the first five months of this year chinese investment in the us fell by ninety percent compared to the same period last year to the lowest level in seven years that's according to research out this week from the rhodium group that's an economic research firm subtract all us assets the chinese investors have sold in the net investment is actually negative so far this year by almost eight billion dollars marketplace's amy scott reports just two years ago china invested a record forty six billion dollars in us companies and other projects what happened last year is it fell off a cliff and this year has continued to fall off a cliff that steve orleans with the national committee on us china relations the rhodium groups teela hangman says the decline is mostly driven by chinese restrictions aimed at keeping money from leaving the country but the decline of chinese activity in the us being much steeper and prolonged than other countries which suggests that us policy's now also a very important factor like increased scrutiny of deals for potential national security risks bill reinsch with the center for strategic and international studies says add in the uncertainty over trade policy and in an uncertain climate investors tend to hold onto their money to wait for the situation to clarify he says that uncertainty could keep other foreign investors on the sidelines to.

russia saudi arabia iran trump opec china us steve orleans president amy scott forty six billion dollars eight billion dollars ninety percent five months seven years two years
"bill reinsch" Discussed on KQED Radio

KQED Radio

01:45 min | 3 years ago

"bill reinsch" Discussed on KQED Radio

"In los angeles i'm kai ryssdal it is tuesday today the first glad as always to have long for the ride everybody the current state of play of the trump administration steel and aluminum tariffs goes like this come see me basically in a month the white house has given argentina australia and brazil open ended exemptions to the twenty five and ten percent tariffs canada mexico in the eu the european union are off the hook until the first of june south korea another major source of imported steel to this country has already scored itself a permanent pass by agreeing to restrict it's still an aluminum exports to the united states a quota or a cap if you will and that is the deal the trump administration is offering to europe and its nafta partners as well if you don't want tariffs the white house says then agree to a quota the thing is there is quite a bit of economic difference between the two as marketplace's tracey samuelson explains in theory quotas and tariffs should get you to the same place tariffs raise prices and therefore likely lower demand meaning fewer imports quotas restrict supply and therefore also raise prices bill reinsch with the center for strategic and international studies says both give some protection from foreign competition but in practice there are lots of other things to consider heroes are simple you put a percentage tariff on and they pay the duty with quotas there's no tariff revenue for the importing country to collect plus in a quota regime there's a lot more decisions you have to make and typically it's the exporting country that gets to make these decisions which is why they might prefer quotas to tariffs decisions like which companies get to sell how much of their product and what types of products get shipped this can be key in the one thousand nine hundred japan agreed to voluntarily restrict its exports.

los angeles white house australia european union south korea united states tracey samuelson argentina brazil canada mexico europe nafta japan ten percent
"bill reinsch" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:43 min | 3 years ago

"bill reinsch" Discussed on WNYC 93.9 FM

"In los angeles i'm kai ryssdal it is tuesday today the first gladys always to have you along for the ride everybody the current state of play of the trump administration steel and aluminum tariffs goes like this come see me basically in a month the white house has given argentina australia and brazil open ended exemptions to the twenty five and ten percent tariffs canada mexico and the eu the european union are off the hook until the first of june south korea another major source of imported steel to this country has already scored itself a permanent pass by agreeing to restrict its steel and aluminum exports to the united states a quota or a cap if you will and that is the deal the trump administration is offering to europe and its nafta partners as well if you don't want tariffs the white house says then agree to a quota the thing is there is quite a bit of economic difference between the two as marketplace's tracey samuelson explains in theory quotas and tariffs should get you to the same place tariffs raise prices and therefore likely lower demand meaning fewer imports quotas restrict supply and therefore also raise prices bill reinsch with the center for strategic and international studies says both gives some protection from foreign competition but in practice there are lots of other things to consider terrorists are simple you put a percentage tariff on and they pay the duty with quotas there's no tariff revenue for the importing country to collect plus a quota regime there's a lot more decisions you have to make and typically it's the exporting country that gets to make these decisions which is why they might prefer quotas to tariffs decisions like which companies get to sell how much of their product and what types of products get shipped this can be key in the one thousand nine hundred japan.

los angeles white house australia european union south korea united states tracey samuelson japan argentina brazil canada mexico europe nafta ten percent
"bill reinsch" Discussed on KQED Radio

KQED Radio

02:18 min | 3 years ago

"bill reinsch" Discussed on KQED Radio

"Are in a fairly good physician to absorb the shock there's no doubt but it doesn't mean that it's desirable to create the shock she says even if tariffs effect a relatively small number of jobs the uncertainty around this fight could damage the broader labor market to will the us really enact these tariffs will china really retaliate with its own that uncertainty could actually defer or creed disincentive to invest more in the us economy because when businesses don't know what's coming they don't want to make plans in washington i'm kimberly adams for marketplace it's really important to recognize that all of this tough economic talk from both sides might actually go nowhere the what we're in right now is a life sized game of macroeconomic chicken lots of bluster big threats and then turning away at the last minute and hammering out a deal what might backing down though look like and that negotiating process marketplace's scott tong used to be our shanghai bureau chief this story from washington there is a certain theater to trade war talk says bill reinsch he wants represented multinational companies in washington one country pushes the other pushes back they glare at each other and then they talk there will be a negotiation i think the chinese have said over and over again that they're anxious to do that if you've been a decision not to impose the tariffs immediately but to have a comment period is a sign that they want to go as well what might china give up us businesses complain about limited access to chinese customers and things like banking and insurance and computer chips they don't like being forced to share their technology with chinese partners so it's time to play hard ball against these china rules says jim rice former governor at the american chamber of commerce in shanghai being nice immune soft has not resolved that i hear these complaints that the current administration is starting to trade war but you know you could argue that there has been going on for two decades and the us is losing there are reports the two sides are quietly talking but there's a big question hanging says scott kennedy of the center for strategic and international studies what exactly does the trump administration what a smaller trade deficit with china or greater market access or new investment rules the us's.

us scott tong bureau chief washington bill reinsch shanghai scott kennedy china kimberly adams jim rice american chamber of commerce two decades
"bill reinsch" Discussed on KQED Radio

KQED Radio

02:10 min | 3 years ago

"bill reinsch" Discussed on KQED Radio

"May be trade war becomes more real marketplace's kimberly adams explains forget about the seesawing stock market for a minute and think about jobs we got unemployment pretty near historic lows we've seen a little stronger wage growth recently the us economy is less dependent on trade then the chinese economy edward alden is a senior fellow at the council on foreign relations it's not a bad time for the united states to take a fight like this it would be much harder to do in a weaker economy but that's not the point says rusi at the mercatus center we are in a fairly good position to absorb this shock there's no doubt but it doesn't mean that it's desirable to create the shock she says even if tariffs effect a relatively small number of jobs the uncertainty around this fight could damage the broader labor market to will the us really enact these tariffs will china really retaliate with its own that uncertainty could actually defer or creed disincentive to invest more in the us economy because when businesses don't know what's coming they don't want to make plans in washington i'm kimberly adams for marketplace it's really important to recognize that all of this tough economic talk from both sides might actually go nowhere the what we're in right now is a life sized game of macroeconomic chicken lots of bluster big threats and then turning away at the last minute and hammering out a deal what my backing down though look like and that negotiating process marketplace got tom used to be our shanghai bureau chief wow this story from washington there is a certain theater to trade war talk says bill reinsch once represented multinational companies in washington one country pushes the other pushes back they glare at each other and then they talk there will be negotiation i think the chinese have said over and over again that they're anxious to do that if you've been a decision not to impose the tariffs immediately but to have a comment period is a sign that they want to go as well what might china give up.

edward alden senior fellow united states mercatus center tom bureau chief washington bill reinsch kimberly adams seesawing china shanghai
"bill reinsch" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:08 min | 3 years ago

"bill reinsch" Discussed on WNYC 93.9 FM

"May be trade war becomes more real marketplace's kimberly adams explains forget about the seesawing stock market for a minute and think about jobs we've got unemployment pretty near historic lows we've seen a little stronger wage growth recently the us economy is less dependent on trade then the chinese economy edward alden is a senior fellow at the council on foreign relations it's not a bad time for the united states to kick a fight like this it would be much harder to do in a weaker economy but that's not the point says rusi at the mercatus center we are in a fairly good position to absorb this shock there's no doubt but it doesn't mean that it's desirable to create the shock she says even if tariffs effect a relatively small number of jobs the uncertainty around this fight could damage the broader labor market to will the us really enact these tariffs will china really retaliate with its own that uncertainty could actually defer or create disincentive to invest more in the us economy because when businesses don't know what's coming they don't want to make plans in washington i'm kimberly adams for marketplace it's really important to recognize that all of this tough economic talk from both sides might actually go nowhere the what we're in right now is a life sized game of macroeconomic chicken lots of bluster big threats and then turning away at the last minute and hammering how to deal what my backing down though look like and that negotiating process marketplace's scott tong used to be our shanghai bureau chief this story from washington there is a certain theater to trade war talk says bill reinsch once represented multinational companies in washington one country pushes the other pushes back they glare at each other and then they talk there will be a negotiation i think the chinese said over and over again that they're anxious to do that if you've been rations a decision not to impose tariffs immediately but to have a comment period is a sign that they wanna have negotiations.

edward alden senior fellow united states mercatus center scott tong bureau chief washington bill reinsch kimberly adams seesawing china shanghai
"bill reinsch" Discussed on KCRW

KCRW

02:10 min | 3 years ago

"bill reinsch" Discussed on KCRW

"Maybe trade war becomes more real marketplace's kimberly adams explains forget about this seesawing stock market for a minute and think about jobs we've got unemployment pretty near historic lows we've seen a little stronger wage growth recently the us economy is less dependent on trade than the chinese economy edward alden is a senior fellow at the council on foreign relations it's not a bad time for the united states to take a fight like this it would be much harder to do in a weaker economy but that's not the point says varying to rusi at the mercatus center we are inner fairly good position to absorb this shock there's no doubt but it doesn't mean that it's desirable to create the shock she says even of tariffs effect a relatively small number of jobs the uncertainty around this fight could damage the broader labor market to will the us really enact these tariffs will china really retaliate with its own that uncertainty could actually defer okri disincentive to invest more in the us economy because when businesses don't know what's coming they don't want to make plans in washington i'm kimberly adams for marketplace it's really important to recognize that all of this tough economic talk from both sides might actually go nowhere the what we're in right now is a life sized game of macroeconomic chicken lots of bluster big threats and then turning away at the last minute and hammering out a deal what my backing down though look like and that negotiating process marketplace's scott tong used to be our shanghai bureau chief he filed this story from washington there is a certain theater to trade war talk says bill reinsch once represented multinational companies in washington one country pushes the other pushes back they glare at each other and then they talk there will be negotiation i think the chinese have said over and over again that they're anxious to do that if you've been rations a decision not to impose the tariffs immediately but to have a comment period is a sign that they want to go as well what might china give up.

edward alden senior fellow united states mercatus center scott tong bureau chief washington bill reinsch kimberly adams china shanghai
"bill reinsch" Discussed on Marketplace All-in-One

Marketplace All-in-One

02:02 min | 3 years ago

"bill reinsch" Discussed on Marketplace All-in-One

"Bill reinsch he wants represented multinational companies in washington one country pushes the other pushes back they glare at each other and then they talk we'll be negotiation i think the chinese said over and over again that they're anxious to do that if you've been rations decision not to impose the tariffs immediately but to have a comment period is a sign that they want to have negotiations will what might china give up well us businesses complain about limited access chinese customers and things like banking and insurance and computer chips they don't like being forced to share their technology with chinese partners so it's time to play hard ball against these china rules says jim rice former governor at the american chamber of commerce in shanghai being nice immune soft has not resolved that i hear these complaints that the current administration starting to trade war but you know you could argue that there has been a war going on for two decades and the us is losing their reports the two sides quietly talking but there's a big question hanging says scott kennedy of the center for strategic and international studies what exactly does the trump administration want a smaller trade deficit with china or greater market access or new investment rules the us's absolutely then as otake as possible there's so many different ideas that have been tossed around and they don't all fit together the white house will have to define its wishlist if in when china in the us get down to the nitty gritty i'm scott tong for marketplace this was one of those days on wall street where the real action happened before the opening bell overnight and into the early morning the futures markets were bad is a polite term and then all of a sudden it was all good larry cudlow the new director of the national economic council he of the pot of gold that we opened with told reporters today that the president's tariffs might not ever go into effect which is true and the happy music when we do the numbers and in our music today by the way brief listings of just some of the atoms on.

Bill reinsch shanghai us scott kennedy china white house scott tong director national economic council president washington jim rice american chamber of commerce larry cudlow two decades
"bill reinsch" Discussed on MSNBC Morning Joe

MSNBC Morning Joe

02:15 min | 4 years ago

"bill reinsch" Discussed on MSNBC Morning Joe

"But you never ask why donald trump and all the president's men keep lining about rushie you can't blame this on fake news he can't blame this on the cia you can't blame this on the fbi it's very words they're the ones who were lying every day at what point do you wake up and get out of your your stupor and start asking if you're so concerned about the paris accords and america's sovereignty flint is start concern about the saw the united states when russia's now admitting they were trying to hack into our elections in your white house is lying about it every day gene full lies just keep your the blind they lied about this amazing air and so if you again and again and again about the same subject up the sea yes what i think going so here's the deal people i always talking about bill clinton clinton lied about everything against donald trump does to buy it was a scattershot and bill reinsch broke out of lied about the sun being out but here on russia the wall well trump lies about everything also though you can just keno on russia on this one topic the trump administration they all are lying people that are running our government have all live have all of russia and above the trump administration foreign policy is show we see scattershot buta we'd be there's no coherence to accept the very consistent with russia i mean cover the just get into office and the first this how can we get sergei kislyak is villas greg all me that we michael isikoff who has dutch immediately trying to figure out how do we lift sanctions right and that's what's highly problematic about these jared kushner disclosures because in this washington post story but what what would reading between the lines here both explanations aarp.

donald trump president cia fbi united states russia bill clinton clinton bill reinsch foreign policy sergei kislyak paris america the deal michael isikoff jared kushner washington post