35 Burst results for "Robert Lighthizer"

"robert lighthizer" Discussed on WBT Charlotte News Talk

WBT Charlotte News Talk

02:11 min | Last month

"robert lighthizer" Discussed on WBT Charlotte News Talk

"Robert Lighthizer who is the trade representative as a lead negotiator on all the China trade deals has come out and said he was in the room he's getting a little G. a little snarky there because that's the title of Walton's book he said he was in the room and it never happened grab audio sound bite number eight late yesterday afternoon Capitol Hill Senate finance committee hearing on trump's twenty twenty trade policy Bob Menendez's he says says to Lighthizer about an hour ago The Washington Post published the story yes says former president trump quote turn the conversation into the coming U. S. presidential election alluding to China's economic capability to affect the on going campaigns pleading with G. J. to ensure that he would win absolutely untrue never happened I was there I have no recollection of that ever happening I don't believe it's true I don't believe whatever happened right nine oh Lighthizer and I I know Lighthizer's daughter and he's an honest sort he that did that gotten much much I believe Lighthizer over Bolton and and and there's no way light Heiser if there's if there's proof of asset light Heiser knows that there is no way he would stick his neck out like this the other example is that that that that Bolden says in the remaining Bolton says that the secretary of state Mike Pompeii passed him a note that said this guy meaning trump is full of crap except the word wasn't crap Tom hails I'm always talking about I don't pass notes I don't write notes and pass around like high school kids do let him produce that note so there's a challenge to both to produce the note.

Bolton president Senate Tom Mike Pompeii Bolden Heiser Robert Lighthizer G. J. China The Washington Post Bob Menendez trump Walton representative
John Bolton delivers a scathing indictment of Trump

Mike Gallagher

00:40 sec | Last month

John Bolton delivers a scathing indictment of Trump

"War of words between president trump and his former national security adviser John Bolton over Bolton soon to be released book Bolton says he doesn't think that Mr trump is fit for office president calling Bolton incompetent Bolton suggested Mr trump kowtow to his Chinese counterpart during last year's summit president trump says that's not true noting that US trade rep Robert Lighthizer backed him up on that during testimony on Capitol Hill one of our friends in the Democratic Party was very nice as can be question many said absolutely love trump was tough on China the president speaking during an appearance on the fox news channel's Hannity program the justice department seeking an emergency order to block publication of Bolton's

Bolton Mr Trump President Trump Robert Lighthizer Democratic Party China John Bolton United States FOX Hannity
Bolton says Trump asked China to help him get reelected

AP News Radio

01:01 min | Last month

Bolton says Trump asked China to help him get reelected

"In a book due to be released next week former trump national security adviser John Bolton accuses president trump of putting another term ahead of all else Bolton writes the president pleaded with China's xi gene paying at a summit last year to help his chances for another term telling she'd Democrats were hostile toward China and that more Chinese purchases from American farmers would help win a second trump term US trade representative Robert Lighthizer says he was at the meeting with xi absolutely untrue never happened Bolton's accusation raises memories of the president's impeachment earlier this year for trying to get political help from Ukraine Boldin says he's hard pressed to think of any significant trump decision during his seventeen months in the west wing that was not driven by it re election calculations the white house's furiously been trying to delay the book's release saying Bolton wrongly included a highly classified information Sager mag ani Washington

John Bolton President Trump China Representative Robert Lighthizer Boldin White House United States Ukraine Ani Washington
Lighthizer defends China trade deal that Trump has soured on

Bloomberg Daybreak: Asia

00:53 sec | Last month

Lighthizer defends China trade deal that Trump has soured on

"Brian here in the states trade rep Robert Lighthizer was saying the U. S. and China are still on track for a phase one trade deal Lighthizer was testifying today to a house ways and means committee this is a very complicated relationship it's gotten more complicated because of actions that they've taken recently I think we have what is an excellent agreements we have in place three hundred and seventy billion dollars for the terrorists in addition to all the things that I said so far I think it's a really good agreement the United States we expected to be honored the White House or went on to say the U. S. relationship with China has become a little more complicated because of a number of issues including things like cyber security human rights and of course trade he went on to criticize the World Trade Organization Lighthizer called the WTO a mass he said it hasn't served America or the global economy

Brian Robert Lighthizer Lighthizer United States White House China World Trade Organization Light WTO America
UK, US kick off post-Brexit free trade talks amid outbreak

Morning Edition

00:45 sec | 3 months ago

UK, US kick off post-Brexit free trade talks amid outbreak

"The United states in the United Kingdom begin talks today on a free trade agreement and beers Frank Langfitt reports American trade representative Robert Lighthizer will speak on a video call with Britain's international trade secretary Liz truss as officials on both sides listen in the US is expected to push the U. K. to permit the import of chicken disinfected with chlorine which the U. bands and most Britons oppose while the U. K. wants the US to lower trade barriers to bridge products including cars and cheddar cheese the UK government estimates a deal could boost the economy here from point oh seven two point sixteen percent over the next five years which analysts say wouldn't come close to covering the economic losses of leaving the European Union the first round of talks is scheduled for two weeks trade deals tend to take

United States United Kingdom Frank Langfitt Robert Lighthizer Britain Liz Truss European Union Representative Secretary
China Trade Deal: A Truce Awakens?

The Indicator from Planet Money

00:48 sec | 7 months ago

China Trade Deal: A Truce Awakens?

"War. True say at ten times it's fast. It's happening baby later. Treat orders meaning the US and China have both signed a trade agreement or at least what is being called phase one of a trade agreement. Many of the details of the agreement are not yet public but US Trade Representative Robert Lighthizer announced. The deal had quote real teeth and it included included new agreements about intellectual property where China will agree to respect and honor the copyrights trademarks and patents of US companies. Some of the tariffs that have been put in place as against Chinese goods will be lowered and China will buy more. US stuff a lot more. US stuff actually more than two hundred billion dollars worth of soybeans. We airplanes natural gas and pork over the next two years. If it follows through

United States China Robert Lighthizer Representative
Looking back on a long trade war

Marketplace with Kai Ryssdal

02:50 min | 7 months ago

Looking back on a long trade war

"Have tried. Laurie have we tried to keep you up to speed on the great Sino American trade war of two thousand eighteen nineteen without overwhelming. You because kids really the appetite for a whole lot of this harmonize tariff Shedu five six seven eight point one nine point two noted knotted netting of twine cordage or rope excluding fish netting all made up fishing nets of man-made Textile materials or or this harmonize tariff shedule. Four one zero five point one a point one oh sheep or lambskin 's without woollen tend but not further prepared wet blue. What blue what is that anyway? Your appetite for that is probably finite but look this trade. War is the most important thing that's happened in the global economy. In the past two years it has rattled global markets. It has changed changed the decisions. The Federal Reserve has made it has bewildered small businesses and it has cost American consumers and businesses billions of of dollars so today on the program with the deal set to be signed. Tomorrow how we got here. Where here really is? And where do we go from here here today. I'm directing the United States trade representative to examine China's policies practices and actions with regard to the forced voiced transfers of American technology and the theft of American intellectual property. We will spare you the whole time line. We've got it online and marketplace dot org if you want the nuts and bolts but that right there from president trump back in August of two thousand seventeen that is the trade war origin story from there was just a short step to global tariffs on washing machines and solar panel steel and aluminum and as things stand now tariffs of as much as twenty twenty five percent on more than half of everything that we buy from. China it's important to point out to more things really number one. We don't actually know what's in the deal that's supposed supposed to be signed tomorrow and we won't until after it signed a number to a deal it may be but this is not the end of the trade war we're still building tariffs on three hundred and seventy billion dollars worth of Chinese imports and in a statement to Bloomberg Today Trade Representative Robert Lighthizer said and this is a quote. There is no agreement for future reductions in tariffs so where it's all gotten us and where it might lead US straight ahead on Wall Street the day before Ordeal Day. Not a whole lot of trade inspired enthusiasm see also priced in so from us some trade war details when we do the numbers

China United States Representative Laurie Federal Reserve Bloomberg Robert Lighthizer President Trump Theft
White House Says Phase 1 Of Trade Deal With China Is A Big Win

NPR's Business Story of the Day

05:14 min | 8 months ago

White House Says Phase 1 Of Trade Deal With China Is A Big Win

"The trump administration says phase one of a trade deal with China is secured. It is done. We don't yet know everything that's in the deal but the president said China has agreed to make massive purchases says of US agricultural products US trade representative Robert Lighthizer told CBS's face the nation on Sunday. That the deal will nearly double. US exports to China over the next ext two years. Here's what's in writing. We have a list that will go manufacturing agriculture services energy. And the like there'll there'll be a total for each one of those overall. It's a minimum of two hundred billion dollars. Keep in mind. By the second year we will just about double exports exports of goods to China if if disagreement is in place so the administration is characterizing. This as a big win. But is it Robert. Daily of the Wills Wilson Center or is here in studio with me. He's a scholar on us. China relations and he also served as a US diplomatic Beijing. Good Morning Good Morning. Our president trump said from the beginning that he wanted China A to change the way it does business with the United States. He wanted big structural changes to the way it deals with a I P intellectual property technology transfer. Does this agreement do that. This agreement doesn't treat any of those big structural issues including intellectual property and the Chinese government support to state enterprises. We're not not there yet. So what does this. What does this deal do in this deal? China has agreed to buy more from the United States agricultural products but other other products as well the exact the numbers are somewhat in debate of the US administration saying forty to fifty billion annually total in agricultural products China is indicating. It's more like thirty two. So there's some disagreement there and in exchange for more purchases China. Get some Rollback of American tariffs. They're still tariffs in place. But about one hundred twenty billion in In Chinese exports. That were taft. In September the tariff on those will go from fifteen percent to seven point five percent then there was another tranche of tariffs that was to have gone into to affect over the weekend on one hundred sixty billion in Chinese imports. Those have been postponed. Why did this deal happen now? It happened I think largely usually for political reasons on the American side reasons that were well understood by China and therefore gave it more leverage on October. Eighth Larry cudlow Lawrence could low. Who is the director? The White House Economic Council had a meeting with President trump at which he brought in some outside economists who explained that going down the path of imposing all scheduled tariffs might be recessionary and it would also make the costs to American consumers undeniably clear in a way that could have an impact on his reelection chances in twenty twenty and it appears that from the time of that meeting early October the administration was Gogo. Wanted something that could be called a deal and it also worked out well such the last week it could be engineered to coincide with the passage of the US NCA NAFTA to deal between the United States Canada and Mexico so in the week in which Joie the articles of impeachment went forward president trump was also able to present himself as a great deal maker to two big wins as so to speak on trade. I mean a question. It seems worth asking given that economists came in and told the president like listen. This is hurting people. It's GonNa hurt people Could we have had the same deal with China twelve months ago. There's there's considerable evidence that we could have. China made an offer to purchase a comparable amount of agricultural products back in two thousand eighteen. So with this deal we have to ask what's in it. We don't really really know yet. And there's disagreement. Chinese leaders have announced in China that the United States has already agreed to gradually eliminate all tariffs. That came out as part of the trade war for ambassador. Lighthizer has said No. There's no such agreement so both sides are telling domestic audiences. What they want to hear? What's in it? What will China actually do you? And what would China have done anyway. Because China continues to reform its economy. We talked to Texas farm bureau President Russell Bain. And here's what he said about this trade deal. It should just help the price of commodities the jury's still out on how much roughly thirty percent of farm income is from exports in the United States so Anytime you have someone. As big players China that gets back in the market tariffs or or removed. It's just a good thing. It's just a good thing he says which which for him for agricultural producers is true but we should say this trade war cost this country a lot over the past two or so years? Will this deal make up up for that by the numbers. Well certainly not in the first year. Americans have already paid eighty eight billion dollars in tariffs and those were paid by American importers and in some cases passed onto American families to the tune of about an average of one thousand dollars per family in addition to eighty eight billion. We have paid American farmers twenty eight billion in subsidies subsidies to compensate for their losses. So this has been very costly and we don't know where it moves going forward. The United States and China are still an intent increasingly contentious relationship and decoupling on the tech side On some commodities and possibly on the financial side is still ongoing. So this is a pause at best pause at best Robert Daily of the Wilson Center. Thank you so much for being with us today thank you.

China United States President Trump Robert Lighthizer CBS Wills Wilson Center Chinese Government Beijing Robert Larry Cudlow Lawrence Representative Robert Daily Taft Gogo Wilson Center Director White House Economic Council
What the interim US-China trade deal means - and doesn't

Marketplace with Kai Ryssdal

06:32 min | 8 months ago

What the interim US-China trade deal means - and doesn't

"Malik is with the New York. Times McCain's is at the economist. Everybody let me to start with you. you're in the press conference with Trade Representative Robert Lighthizer today win. This deal was announced. We have Agriculture purchases a bunch of other. Other stuff we are rolling back. Some tariffs This is a real deal. Yes yes it is a real deal. I saw the deal. He Sort but of teased us by opening a folder whether these eighty-six pages worth of deal and then he closed folder again and said I'm going to show it to you now. So we're we're we're sure that they were real eighty six pages I well. I trust that his count was right. I didn't physically count them out. Let me ask you this this man and I'll stay with you for just a second As I said tag purchases were rolling back from tariffs. Isn't this sort of where we were. When this trade war started in the middle of two thousand eighteen yeah so so? I think there are a few different pasta. The deal right one of them is definitely this act purchases piece this these purchases that the Chinese are going to make and that is I think about out repairing some of the damage that the trade was done. But you can't fill eighty six pages with that there. There is some other structural stuff Apparently the Chinese have made commitments on intellectual. Property are some sort of regulate tree Arias dealing with a promise not to do some sort of technology. Transfer trump's third as an enforcement mechanism. There are real. There's real stuff there we obviously would like to read the text But I'm not ready to dismiss this as just returning to the status quo yet yet. Okay Fair enough and it has been promised probably in a couple of weeks we will see this text but genus. Mike let me ask you this. And and we'll we'll get more defend in a second but it is worth mentioning engineer that The president's chief economic adviser Larry Cudlow also said on. CNBC today that this will bring business stability and business confidence. That is something that Jay Powell and the Fed have been saving the economy from the president's economic policies for the past year. And a half right. So do you buy things are going to be different now. You know I think I think that's a two part answer so I think on one hand it you know. This is absolutely something the business community has been asking for and even sometimes begging for is a little bit more certainty around these rules so I think this is. This is good news it also comes at a convenient moment because the Fed has just kind of promised that it is going to take a step back and stop stop providing that kind of you know sort of constant support and helping hand and so I feel like this kind of is falling into place Could be good news for the economy. So many let me ask you this About this deal what I don't I truly don't want to be pessimistic here right because this deal is important if it's real and will bring upside benefit what happens and if somehow this thing falls apart in the next phase of negotiations which is also what Larry cudlow was promised that we're moving right to face to yeah I I think to be honest. It's it's wise is to be skeptical at this point And I think you know invested let has even said something to that effect When we were there at the White House the thing to watch out for is this enforcement mechanism there is going to be a process by which the the US and China will decide whether the living up to the deal right and if America decides actually China's China's not then there will be a process to put the tires back up again So they've they've written in a way to this to break down The other thing we know is that the the success of the next phase of negotiations is going to depend on how well this first phase goes so if there were suspicions than don't don't expect to see many more deals But yeah you know we don't we don't know it is but it is wise to be to be skeptical that everything is going to be hugged from now on I will not know how All right gina listener to the Fed. Here two two day meeting on interest rates Nothing changed and there seems to be a consensus that that perhaps the Federal Reserve is done for a while. And more to the point as I talked with your colleague from the Times Neil earned went about This week that that maybe the Fed now is acknowledging that somehow it it didn't necessarily have everything right the past couple of years right absolutely so I think one of the one of the things. They came out of this week's Fed conference. This is the number of times. Jay Powell either said or alluded to the fact that the United States is not at full employment which is kind of crazy because since roughly awfully twenty fifteen late two thousand fifteen early twenty sixteen which you obviously know. You know we've been telling everybody they've been telling everybody you know we're at or near full employment to the point that it kind of just became a trope. They said it all the time and so now I think the Fed is taking a step back and saying you know in the end they have been for to be fair for the past probably nine to twelve months they have been kind kind of headed in this general direction. But they're taking step back and kind of saying you know we are. We have a very strong labor market in some places. It's very tight but we are not not sure what full employment means in two thousand nineteen in a world where we don't see crazy wage pressures and we definitely don't see crazy. Inflation futures prices are still well below their target. You're more efficient coming up but a second. Let me ask you this and and I I know there was talk about this at the press conference I frankly forget. Are they basically done with rates. Do you think for twenty twenty absent Data that changes their minds. I think yeah absolutely and it sounds like. They're even a little bit skeptical that they know what's going to happen in two thousand twenty one so the committee has pencilled in the next move to be the at one hike in two thousand twenty one but we asked chair pal about that and he kind of said. Hey you know that's a long time from now and it's going to happen between now and then Judas all right Trade for the last questions. McCain's over to you. I don't WanNa give Short Shrift to the US MCA which W- the deal the agreement with the White House and and House Democrats was announced. Marginal gain big deal. Discuss okay so again. This is one where we might have to so I think one of the the big things that that that people on the left looking out for was whether it's labor rules would be properly enforceable and so I've been digging into the detail of this it does look like they secured some meaningful meaningful changes but all of the action here is in the in the implementation. Right it's one of those things where you really just don't know until you start to use it. and that's the common thread for both of these agreements right. I mean just in ten seconds. That's the short answer. We gotta wait and see. Yep and that's a boring slow on seventy one somme McCain's at the economist. Gina Smile at the New York Times. Thanks you too. I appreciate hangings have a nice

Federal Reserve Mccain United States Jay Powell Gina Smile Larry Cudlow White House Malik Agriculture Representative New York Robert Lighthizer New York Times Cnbc China Arias Mike President Trump
U.S., Mexico And Canada Sign Updated Trade Deal

NPR's Business Story of the Day

03:25 min | 8 months ago

U.S., Mexico And Canada Sign Updated Trade Deal

"Applause filled the presidential palace Mexico City yesterday representatives of the US Mexico and Canada signed an updated version of the North American. Free Trade Agreement once it's ratified by all parties. The deal will govern billions of dollars of commerce. NPR's Carrie Kahn reports from Mexico City. It seemed like the officials from all three North American countries. He's let out a collective sigh of relief as they sat on a stage facing a packed audience of business leaders and politicians at Mexico's presidential palace. Visual Mission Accomplished declared Mexico's Foreign Minister Marcelo Bernard to great applause for Mexico Mexico. It was a mission that many thout couldn't be completed two years ago. President trump was threatening to rip up Nafta dubbing it the worst trade deal in history a move that would've thrown Mexico's economy into turmoil. Trade between the two countries tops. A billion dollars. A day with eighty percent of Mexico's exports sent to the US and millions of jobs dependent on that Commerce Robert Lighthizer United States trade representative says it's fought hard for a new deal. The result I think is the best trade agreement in history. He says it has the most up-to-date provisions regulating digital and ECOMMERCE in the world types of trade. That didn't even exist. Nafta was originally signed twenty five years ago. And it's something that's going to North America. Richer is going to make America. Richards GonNa make Canada richer and it's going to make Mexico richer. The pact also requires auto manufacturers to use more parts from North America and that a large percentage of vehicle production be done in a plant where the minimum wage is sixteen dollars an hour. The hope there is stimulus and Canadian jobs for moving to lower paid Mexican execute factories. A sticking point in the negotiations in recent months though was a move by Democrats to get tougher Labor and Environmental Enforcement Provisions Mexico. Mexico didn't want to let. US inspectors into their plants. But in the end they signed onto allowing so-called inspection panels with representatives from all three countries. These economists Lewis did like will help negotiate the original Nafta Agreement. Twenty five years ago says Mexican negotiators could have done better. But we're feeling under pressure pressure to get a deal ahead of next year's. US Presidential Elections Sometimes Been Mexico. We minimize the The leveraged we may get in the US Josh on the maybe we will be wise for Mexico to use it more often than he says. The new deal puts an end to the uncertainty driving away. much-needed investment in Mexico Mexico's President Andrew Munro Lopez over the door praise negotiators from all three countries and especially his counterpart Donald Trump. The most new long they put us in the doom not move away not less young. With president trump. We have a really good relations says Lopez Christopher Wilson and Mexico expert expert at the Wilson Center in Washington. DC says such warm talk from across. The border is an odd turn of events. Somehow despite the you know the accusations musicians and the tough rhetoric both countries are finding a way to continue to work together and are even praising each other while they do it. He says it's an interesting Anne strange moment moment in U._S.. Mexico relations right now. Carrie Kahn N._p._R.. News Mexico

Mexico Mexico Mexico City Mexico United States Donald Trump Nafta Carrie Kahn President Trump North America Richer NPR Canada Robert Lighthizer United State President Andrew Munro Lopez Lopez Christopher Wilson
Mood in Beijing about trade deal is pessimistic

Squawk Pod

02:28 min | 9 months ago

Mood in Beijing about trade deal is pessimistic

"We have an update now on one big catalyst. The China trade talks over the weekend. Chinese Vice Premier Liu said spoke on on the phone with Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer. Chinese state media says the men discussed phase one trade deal and the discussions were constructive. HAVE UNITS YOU and joins us now as a read on how Chinese officials are viewing the impeachment hearings. What that could mean for deal Larry Kudlow has been saying we're getting close? I've heard that a couple the times in recent days you're hearing that maybe there's there's three steps forward two steps back. What what? What is your insight inside here? Well actually I spoke to a government source who is familiar with the trade talks to end. There appears to be growing pessimism within the Chinese government that a trade deal can be done and especially this year and the source had told me that there were a couple of events recently that have really soured the mood within the government. They said that President trump about a week ago appeared to say that a phasing out of terrorists would not happen. And that's something. That's really important to the Chinese. And was one of the reasons why the Commerce Ministry had announced that the Chinese felt that they had a deal will at least in principle on a phasing out of the tariffs and then a few days later they were put off again. They said the source said when President Trump had said at the Economic Club in New York Some harsh words about the Chinese. In addition to that there is still L. Disagreement over some of the basic points within a phase. One deal a one of them is the agricultural purchases as you guys know of the. US wants China China to commit to specific targets but this source said that from the Chinese perspective There the concern or at least one of them is that This can be off putting some of their other trading partners so all of that is adding to a very negative picture over here and then he did say that the Chinese now are looking very carefully at the political situation in the United States especially about the possibility of impeachment. He said there's a lot of discussion now within the government about the election. That's coming up only a year away and all of that just raises questions as to whether or not president trump is even going to be an office in the next couple of months

Chinese Government Donald Trump United States President Trump Larry Kudlow China China China Premier Liu Commerce Ministry Steven Mnuchin Robert Lighthizer Representative New York Economic Club
China Indicates Trade War Talks With The U.S. Are Improving

NPR's Business Story of the Day

05:42 min | 9 months ago

China Indicates Trade War Talks With The U.S. Are Improving

"President trump went on twitter yesterday to note a record high in the stock market. A new record the president wrote enjoy exclamation point the market rose after reports reports that the US and China had had agreed to rollback some tariffs between the two countries. Now an important thing to note is those reports came from China's Commerce Ministry. There has been no official announcement on this yet from US negotiators but White House. Press Secretary. Stephanie Grisham told Fox News that negotiations are moving in the right direction and I can not get ahead of talks with China but we are very very optimistic that we will reach a deal soon and and hopefully have some good news to report or that was White House Secretary White House press secretary. Stephanie Grisham we now have a different White House official trade advisor Peter Navarro on the line. Good Morning Mister. Naral thing our you today very well. Thanks thanks so China came out and said there is phase one of a deal we're going to agree to lift some tariffs on each other the US and China the US has not confirmed that yet. Can you confirm. Is there a deal as their phase. One deal I can confirm that. There is no agreement to remove any of the existing terror as a condition of signing interface. One deal and the only person who really can make that decision is President Donald. J trump If you don't hear it from Bowser sure Robert Lighthizer trade representative than It's not a real and if you don't hear from President trump that did come right out of the the administrative propaganda as it were. In China. was widely misreported. The products. Talk about that. If there's no deal to roll back tariffs wise China in a saying there. Is You referenced propaganda. What do you think is going on here? Well some companies joking me yesterday as the real negotiations which. I don't really start until you have a handshake shit. Deal is worth what we had October Basically they're they're trying to renegotiate or retrieve the October deal I don't fault all Kim for that's kind of what they do but the reality is What is on the table is there's terrorists coming in December December fifteenth We would would be willing. I think again. It's up to the president to postpone those terrorists realize but let's remember December fifteen th one but not roll back any existing terrorists. That's the fine distinction here but the terrorists are really necessary defense against China's economic aggression against the United States. They are also the only insurance policy. We have China will come to the negotiating table embark faith and if you give away any of the existing terrorists run the very real. Don't risk that you'll never get to phase two or three and I. I think your listeners need down or stand that there's there's seven things we're trying to get done and the phase one only gets about two of them done I WanNa ask you about the The possibility that the US would back off on the tariffs that are scheduled for December fifteenth. Now that's one hundred hundred sixty billion dollars of tariffs on Chinese products mostly on consumer electronics. You're saying maybe the US would would would not do that. Would not tariffs on those products. Why why is that? Well we have terrorists on Existing products The the additional channel terrorists That we would be put in place are would be a goodwill gesture to get us to phase two or three again the idea would be to To maybe wait a little while but I you know not my place here negotiate in public. which is what the Chinese were doing yesterday? I think what's important to the American people understand is is is that China is actively engage economic regression. They commit what I call the seven deadly sins It's force technology. Don't have time for all seven. I'm so sorry although I do throw the American people understand. We are getting hammered by China and I think they do they really broad support from American people on President you in trump's tough stand on China bipartisan support on Capitol Hill. That's it is. There is a wrinkle here. Though for the president we have had in this country. Three straight months of manufacturing contraction that is unusual we've had job losses in manufacturing in Pennsylvania and Wisconsin. These are states that the president wants to win manufacturers openly. Blame the trade war. The president must have people telling him. It's time to move on this right. I would assume don't dispute all of what you're saying. They're basically what I'm saying is in the numbers just Yes hidden despite the evidence Obama abiding years they lost two hundred thousand manufacture just ask. You aren't the numbers we've added five hundred thousand in manufacturing jobs. The unemployment rate is the lowest sentenced Ben since man walked on the moon wages rising life. Life's good for America's better than than it was during the previous administration. I myself when you work. Every single day. Trying to create good manufacturing coaching jobs for the real mobility this country people who work for their hands president trump's doing a great job in that and I can take through the baronet Wisconsin Oshkosh. It was constantly Lima Ohio York Pennsylvania. Greenville South Carolina. I'll take you there. We go on a tour. I'll show you all the good manufacturing jobs Mr Navarro top losses. Your those are still occurring. Wait how straight advisor. Nabil thank you so much for taking the time we really appreciate it.

President Trump China United States Donald Trump Stephanie Grisham President Donald White House Press Secretary Official Advisor Peter Navarro Commerce Ministry Fox News Twitter Secretary Greenville Mr Navarro
President Donald Trump announces 'phase one' trade deal with China

WSJ What's News

01:18 min | 10 months ago

President Donald Trump announces 'phase one' trade deal with China

"The US and China reached a partial trade on Friday president trump spoke to reporters in the Oval Office after meeting with Chinese Vice Premier Lu both realize for the beginning very important not only for giant only for the US but for the world our Josh Zoom Brune has more from Washington. It's really kind of incredible how far away we are from the sweeping deal that people thought was going to be possible in May it looks like they agreed on a very small number of things it looks like China's going to purchase more US agricultural products and it looks like the US is going to hold on off on a tariff increase that was set to take place in mid October and then what they've said is that they're going to continue working on this they're going to do several phases of D aw to get to their full Fang and this'll be phase one once they finished it they'll start working on a face to the US hasn't made a final decision on whether to impose tariffs set to take effect in December it also wasn't clear whether the administration would follow through on plans to grant licenses for American businesses to sell to Chinese telecommunications Ryan Hallway Trump's trade advisor Robert lighthizer said while way was being considered in a separate process. US stocks rallied on Friday on hopes the two countries would leave this week's talks in Washington with an agreement the S. and P. Five hundred broke a three-week losing streak

United States Ryan Hallway Trump Josh Zoom Brune China Washington Oval Office President Trump Robert Lighthizer Advisor Three-Week
High-level trade talks between US and China resume

WSJ What's News

01:47 min | 10 months ago

High-level trade talks between US and China resume

"The US and China are gearing up for the latest round kind of trade talks in Washington this week and our Josh Zoom Rune says there's a new wildcard in the mix I think one thing that really complicates it's all of this is the kind of impeachment drama in Washington there's a big question I think over whether or not this weakens the president in the is of Chinese who view him as politically vulnerable or if this maybe makes the president you know more inclined to be tough on China to kind of show some of the things the administration is doing I guess what we'd say is that impeachment is a big wild card you know this is already extremely unpredictable these trade negotiations have been predictable from the very beginning people who've tried to guess which way it's going almost always gotten it wrong and I think this adds just another degree of unpredictability to it still there are some signs of Progress I think you can say that there's too positive signs that we're seeing one is that the high level negotiators are back at the table. I mean this is the first time since July that we've had high level negotiations is going to be the US Trade Representative Robert Lighthizer Treasury Secretary and then China's top trade negotiators as well and this is a group that hasn't talked and I almost three months so that's a positive sign and the second positive sign is that China has started to buy more agricultural products in a in a meaningful way and we're starting to see some positive signs out of China they're really but buying soybeans they're buying pork again the US farm economy is really far away from I'm kind of recovered or back to health but this is kind of a step in the right direction that's The Wall Street Journal's Josh Zoom Brune negotiators from the US and China Anna are set to meet in Washington on Thursday and Friday

China United States Washington Josh Zoom Brune President Trump The Wall Street Journal Robert Lighthizer Representative Three Months
Stocks jump after Trump says China wants a trade deal

Up First

03:21 min | 1 year ago

Stocks jump after Trump says China wants a trade deal

"Let's talk more more about china. Now i mean there have been mixed signals and also a lot of questions about the u. S. china relationship looming large over the summit yeah. It's still not totally really clear. What president trump is doing right before the summit he announced new tariffs on chinese imports in retaliation for china taxing u._s. products but then during during the summit over the weekend trump suggested he was having second thoughts about doing that and then just this morning president trump said china is ready to make a deal so as a result of all this uncertainty. Certainly the markets have taken a hit over the past couple of weeks but this morning after that announcement market futures are up n._p._r.'s scott horsely has been following all of the markets ups and downs and joins joins us either scott good morning okay so wild few days <hes> as we just heard president trump comes out and says that there might be some kind of deal being worked out with china. What what are we looking for in the markets. <hes> as the week begins here investors like the sound of that that the china might be coming back to the bargaining table now of course china and the us were already scheduled to have have more negotiations next month but this suggests maybe that'll happen sooner rather than later and that did send the futures markets <hes> trending upward until that news from the president this morning. The futures markets had been signaling a further slide for stocks this morning. Remember on friday the dow lost more than two and a third percent the s. and p. five hundred lost lost more than two and a half percent and it was after that those big losses at the president came out and announced an another ratcheting up of tariff rates. It's possible well with this announcement of resumption of negotiations. Those higher tariffs will be postponed. That's happened before where the president has announced a new import tax and backtracked before it takes effect. Trump did say over the weekend that he was having second thoughts about the trade war. Although the white house then came out and said well his second thought was maybe the tariff should even in higher right now clarifying the second thoughts so i mean we've been talking a lot about the u._s. Relationship with china when it comes to trade but but it sounds like that's not the only country that's been kind of in the focused the summit right the u._s. announced an agreement in principle on a new trade deal with japan now in principle. There's a big qualifier. The details still have to be nailed down but the u._s. and japan hoped to have a agreement finalized by late september when both president trump and the japanese prime minister to be in new york city for the united nations general assembly the u._s. trade representative robert lighthizer said over the weekend that a trade pact would be good for american farmers and ranchers far beef market. We sell over two hundred dollars worth of beef to japan. This will fly us to lower tariffs and compete marceca. Take <music> born the t._v. She's t._p._p. Countries they were. I the countries in the trans-pacific partnership partnership that big asia pacific trade deal that the president pulled the u._s. out of on one of his first days in office the other eleven countries in the t._p._p. Went ahead with that deal so beef producers in australia and new zealand for example. I've been enjoying lower tariffs in japan walla. U._s. has not as a result <hes>. This deal would reclaim. He claim some of the ground that the u._s. lost when trump pulled out the t._p._p. I'd n._p._r.'s scott horsely talking to us about how trade came up at the g seven summit in france scott.

Donald Trump President Trump China Japan Scott Horsely U._S. U. S. China Japan Walla Asia New York United Nations Australia France Robert Lighthizer Representative New Zealand Two Hundred Dollars
What happens if the trade war hits the tech industry?

Marketplace Tech with Molly Wood

05:02 min | 1 year ago

What happens if the trade war hits the tech industry?

"This marketplace podcast is brought to you by indeed. Are you hiring with indeed? You can post job in minutes. Set up screener questions than zero in on your shortlist qualified candidates using an online dashboard. Get started today and indeed dot com slash marketplace. That's indeed dot com slash marketplace. And by the Michigan economic Development Corporation, Evan Lyall of rush enterprises is a big fan of Michigan as he put it the future of mobility, is going to be decided right here in the state, visit planted dot com to find out why. That's P. L. A. N. E T, M dot com. What happens if the trade war hits the tech industry from American public media? This is marketplace tech. I'm Tracey Samuelson in for Molly would. The Trump administration is hearing testimony this week from businesses and industry groups affected by a pending fourth round of tariffs on Chinese imports. If an acted these tariffs would cover an additional three hundred billion dollars worth of products. Meaning nearly everything we buy from China would face a tariff that's left, some tech companies scrambling to try and shift their supply chains away from China. Others are lobbying to try and prevent the tariffs. But all face a similar question. Whether to pass the extra cost of tariffs along to consumers. Let's talk more about this in quality assurance, a segment where we take a deeper look at big tech story. See, we covers tech for the Wall Street Journal from Beijing. We talked about how tariffs will affect various consumer technology with sick. The iphone, for instance, a lot of phone parts come from China. There were some reports from J P, Morgan that said that if these terrorists take place than it would could raise the cost of an iphone of an iphone by v. Fifteen twenty percent and unclear whether apple had pass those costs and consumers but we're talking about one hundred fifty dollars increase in the price of the iphone ten if that happens so you mentioned, I phones already are there other products that we should be looking for in terms of the impact of these tears. There's a lot of component so anything that requires a computer chip might be affected. A lot of computer chips, and other components are, are manufactured out here and there's also some indirect costs that could rise because of these tariffs to for instance, stuff that an internet provider like Comcast wireless provider like AT and T buys, they need cell phone tower quit -ment. They need internet routers, and that stuff is facing tariffs to so while AT and T would be, for instance, paying those tariffs. They might raise the cost of your wireless plant because they have to pay more for that equipment. Right. And that's the choice companies face right now as their costs rise, you detectives, they have to decide whether to absorb those costs or how much they might pass on to consumers. Are we hearing anything from companies? To what they're planning to do. Cisco for instance already face a ten percent tariffs since last year. And they said, okay, ten percent we can absorb that. But once they went up to twenty five percent last year. They said we had to raise prices for some of our equipment. We just can't absorb a twenty five percent increase. A lot of people can take ten, they can't do twenty five and companies can also try and avoid the tariffs by shuffling their supply chains to bypass China altogether. What are we hearing from tech companies about their ability to do that? Yeah. Love companies have said they've already taken steps to move production to their other factories outside China. Cisco's done at Ericsson which also makes cell phone tower equipment. They've done that too, but not every company can do that. And there's some logistics involved for instance, if you wanted to move production from China to Vietnam, maybe you already have a factory there. But do you have enough workers to work at that factory? It's not easy to snap your fingers and say, we'll just move it to another country. It's going to be difficult rate, and even if they could there's going to be cost associated with that there's going to be cost. And you might not be able to manufacture a product as quickly or as well, as you did the foreign China, St. we with the Wall Street Journal next week, President Trump and Chinese president Xi Jinping will meet on the sidelines of the g twenty in Japan. Both countries are hoping to make progress after negotiations stalled last month. And now for some related links, US Trade Representative Robert lighthizer testified before Senate, and house committees this week and defended Trump's use of tariffs on Chinese goods, quote, if there's a better idea than tariffs. I'd like to hear it. He told the Senate finance committee, also fortune took a look at why analysts expect iphone production to largely remain in China, despite an offer from Foxconn which assembles the phones to move production to its facilities outside China. I'm Tracey Samuelson. And that's marketplace tech. This is a PM. This is Molly would host of marketplace tech the podcast, where you can hear conversations like legendary Sifi, author, William Gibson, talk about the problems created by the uneven distribution of wealth and technology, helping you think differently about the world you live in every weekday. That's marketplace tech on apple podcasts or wherever you like to download.

China Tracey Samuelson Wall Street Journal Apple AT Molly Cisco Beijing President Trump Comcast P. L. A. N. E T Michigan Economic Development Senate Finance Committee Evan Lyall Foxconn Michigan J P Rush Enterprises
"robert lighthizer" Discussed on The Global Politico

The Global Politico

06:29 min | 1 year ago

"robert lighthizer" Discussed on The Global Politico

"And I think that is a number that is taught her -able and, and as also assuming that the Chinese would not do anything but we know that Chinese government's going to do something. So I think the real damage would be much less now for the US is even smaller the damage is actually about half a percentage, EDP, even if all US exports to China. A halt. So, so what I'm trying to tell people that there's really no need to panic because the damage us and, and they can be contain, and the government Commanche to make them up somehow. So, so I think I think the but I think that may be what the people looking for is really some assurance that the sky will not, we're not collapse. That's so interesting. I think Robert lighthizer, the US TR wants people to panic right? He wants to create leverage against bitching, because he wants some big structural changes, particularly in the way China deals with technology and force technology transfers. Are you making the case that actually he doesn't have very much leverage because the economic impact is limited? We're. Yeah. And terror per se, but I, I think what it's really good for the US and China is ready to increase US exports to China, if you really want to close the trade gap, and then many things that China would like to buy the liquefied natural gas from Alaska shale oil and gas every cultural products. The only soybeans, you know, beef pork and chicken. I mean, lots of things, and, and I think this would be good for both the people both country if, if they can actually work out that deal. But lighthizer has said he doesn't just want commercial purchase deal. It's not just about selling more soybeans in his view. It's about getting these structural changes around intellectual property and technology. What is the response? You're seeing to that ask in China. I actually though I don't agree with him on the importance of intellectual property protection. In fact, if you really go back and twenty fourteen China, actually set up special intellectual property courts and they would do nothing else, they would just specialize in actual property. A- cases, and so far, I think the progress has been very good, so fewer advising Robert lighthizer right now. How would you advise him to approach China, I would say that the? Not to be too legalistic. All right. You know, if you want to Chinese to revise his laws and so forth, that's probably not going to happen. Right. But I think the Chinese commitment, actually worth something and it, you know, if it doesn't carry out, you know, do you could do whatever that needs to be done right. But you cannot prescribe that the other side cannot do anything in retaliation. Right. So, so, so I would say that tick, what you've got and, and after I think, US on the relation has to depend on trust, and we have to build up, which trust. It has can only be blow up slowly, right? You try something that works there. And he's okay. All right. They did honor the agreement and how Optimus are you that? There will be a resolution to this trade, fiction or trade war depends on what you mean. But resolution. I think that the if you talk about going back to status go enti, meaning no terrorists on both sides. I think I think that is a little bit to emphasis, right? But I think what could happen is that both sides agreed to continue talking why they are talking the new tariffs can be deferred. Right. So, so I think that is not about how come if that can happen, then what's your read on some of that is Lawrence lower? Right. To say the temperature isn't actually so high because here in Washington, we're starting to hear a lot more pushback to this latest US threat of raising tariffs on yet another three hundred billion dollars of Chinese goods. Yeah. Louise, I think the temperature is actually pretty high, particularly for the US. I think Lau was right that we have relatively limited leverage over the Chinese all these tariffs won't necessarily knock their economy, of course. But, you know, the US has kind of teetering on. On the edge of much slower growth. And if you put twenty five percent tariffs on everything, China exports, the US that's higher prices for the consumer less consumer spending, and people are looking at for the tipping point, where the US kind of tilts toward lower growth or recession. And I think that's why the temperature is high because it could have a significant impact and pushing us off, economic course. So I don't think he's right about that piece, but definitely that we have less leverage over China, then you're based in New York, and you talk to Wall Street every day. What a Wall Street is watching four. And what are you watching for in the next few weeks and months? Well, obviously the first thing is Trump's Twitter feed to see what he says, about president Xi and China. He's been a little nicer lately, and then the other big thing, obviously, is the g twenty meeting coming up at the end of June in Japan and president Xi and Trump are to meet there's a lot of hope on Wall Street that, even if they don't reach comprehensive trade deal they at least take the temperature down a little bit agree to hold off on any new tariffs. There's a big expectation that that's exactly what's going to happen. The Trump really doesn't want a giant trade war with the Chinese heading into real. Section you'll see a lot more fear running around on Wall Street, if that doesn't happen, if they have a bad meeting, and Trump moves towards tariffs, again, but the twenty is really the big thing and hope for peace. Love and harmony between g and Trump. That's the big thing, people are watching for, and we'll be watching to thanks so much Ben. Thank you..

US China Robert lighthizer Trump Alaska Japan president Xi president Optimus Lau Lawrence Louise Twitter Washington New York three hundred billion dollars twenty five percent
"robert lighthizer" Discussed on Global Translations

Global Translations

07:40 min | 1 year ago

"robert lighthizer" Discussed on Global Translations

"There's no games with lighthizer. It's this is what we want take it leave it think about it. But like bats what we want. So we've heard perspectives from Europe and Canada and Mexico. But what about China and who's really got the leverage in this China and America trade war, Lawrence Lau is an economist and the former president of the Chinese university of Hong Kong. And he wrote a book, that's gotten some acclaim in Asia called the China US trade war, and future economic relations. And he frankly, is pretty upbeat, what I was trying to do is to reassure people that the images from the tariff war. Extra quite limited. I am both China and even more limited to the US the maximum bandit damage to China maximum damage to China's economy would be a maximum two point. Four percent of GDP. Now. Do I four percent is not small, but that is a Suming all Chinese exports to the US. Stop all together is two point four percent of Judy p. And I think that is a number that is taught her -able and, and as also assuming that the Chinese would not do anything but we know that Chinese government's going to do something. So I think the real damage would be much less now for the US is even smaller the damage is actually about half a percentage, EDP, even if all US exports to China. A halt. So, so what I'm trying to tell people that there's really no need to panic because the damage us and, and they can be contain, and the government Commanche to make them up somehow. So, so I think I think the but I think that may be what the people looking for is really some assurance that the sky will not, we're not collapse. That's so interesting. I think Robert lighthizer, the US TR wants people to panic right? He wants to create leverage against bitching, because he wants some big structural changes, particularly in the way China deals with technology and force technology transfers. Are you making the case that actually he doesn't have very much leverage because the economic impact is limited? We're. Yeah. And terror per se, but I, I think what it's really good for the US and China is ready to increase US exports to China, if you really want to close the trade gap, and then many things that China would like to buy the liquefied natural gas from Alaska shale oil and gas every cultural products. The only soybeans, you know, beef pork and chicken. I mean, lots of things, and, and I think this would be good for both the people both country if, if they can actually work out that deal. But lighthizer has said he doesn't just want commercial purchase deal. It's not just about selling more soybeans in his view. It's about getting these structural changes around intellectual property and technology. What is the response? You're seeing to that ask in China. I actually though I don't agree with him on the importance of intellectual property protection. In fact, if you really go back and twenty fourteen China, actually set up special intellectual property courts and they would do nothing else, they would just specialize in actual property. A- cases, and so far, I think the progress has been very good, so fewer advising Robert lighthizer right now. How would you advise him to approach China, I would say that the? Not to be too legalistic. All right. You know, if you want to Chinese to revise his laws and so forth, that's probably not going to happen. Right. But I think the Chinese commitment, actually worth something and it, you know, if it doesn't carry out, you know, do you could do whatever that needs to be done right. But you cannot prescribe that the other side cannot do anything in retaliation. Right. So, so, so I would say that tick, what you've got and, and after I think, US on the relation has to depend on trust, and we have to build up, which trust. It has can only be blow up slowly, right? You try something that works there. And he's okay. All right. They did honor the agreement and how Optimus are you that? There will be a resolution to this trade, fiction or trade war depends on what you mean. But resolution. I think that the if you talk about going back to status go enti, meaning no terrorists on both sides. I think I think that is a little bit to emphasis, right? But I think what could happen is that both sides agreed to continue talking why they are talking the new tariffs can be deferred. Right. So, so I think that is not about how come if that can happen, then what's your read on some of that is Lawrence lower? Right. To say the temperature isn't actually so high because here in Washington, we're starting to hear a lot more pushback to this latest US threat of raising tariffs on yet another three hundred billion dollars of Chinese goods. Yeah. Louise, I think the temperature is actually pretty high, particularly for the US. I think Lau was right that we have relatively limited leverage over the Chinese all these tariffs won't necessarily knock their economy, of course. But, you know, the US has kind of teetering on. On the edge of much slower growth. And if you put twenty five percent tariffs on everything, China exports, the US that's higher prices for the consumer less consumer spending, and people are looking at for the tipping point, where the US kind of tilts toward lower growth or recession. And I think that's why the temperature is high because it could have a significant impact and pushing us off, economic course. So I don't think he's right about that piece, but definitely that we have less leverage over China, then you're based in New York, and you talk to Wall Street every day. What a Wall Street is watching four. And what are you watching for in the next few weeks and months? Well, obviously the first thing is Trump's Twitter feed to see what he says, about president Xi and China. He's been a little nicer lately, and then the other big thing, obviously, is the g twenty meeting coming up at the end of June in Japan and president Xi and Trump are to meet there's a lot of hope on Wall Street that, even if they don't reach comprehensive trade deal they at least take the temperature down a little bit agree to hold off on any new tariffs. There's a big expectation that that's exactly what's going to happen. The Trump really doesn't want a giant trade war with the Chinese heading into real. Section you'll see a lot more fear running around on Wall Street, if that doesn't happen, if they have a bad meeting, and Trump moves towards tariffs, again, but the twenty is really the big thing and hope for peace. Love and harmony between g and Trump. That's the big thing, people are watching for, and we'll be watching to thanks so much Ben. Thank you..

US China Robert lighthizer Lawrence Lau Chinese university of Hong Kon president Trump Asia Europe Canada Judy p Mexico Japan Alaska America president Xi
"robert lighthizer" Discussed on Global Translations

Global Translations

06:44 min | 1 year ago

"robert lighthizer" Discussed on Global Translations

"Often because we talked before doing one hell of a job. Thank you. Good work. Great work, hard work. You could hear members of congress talking about pain that tariffs imposed on various industries in their district times are desperate. This is Jody Arrington ever. Publican from Texas and our farmers in spite of that and are ranchers they stand with this president one hundred percent. They'll stand with him right up until they have to sail. The family farm. Here's Sabrina Rodriguez again. Lighthizer lighthizer has built these relationships with lawmakers. That's the biggest thing here that they say, you know, he shows face, and then sometimes I push them on it because I'm saying okay, but he hasn't offered solutions for these things, you're still upset about the new NAFTA, you're still upset about what's happening with China, and they're, and they kind of brush it off. Because no. But I know that I can call him. I know that he's listening to me. I know that he takes feedback. So he really has managed to like finesse like a very sweet spot on the hill, where on both sides, people have nothing but kind things to say about him. And some have said, you know, while the bar was low with the previous US TR's. We didn't feel that way about other US trade representative's. But also Democrats say you know, he's the first US TR that actually speaks democrat, and that I find fast. Ating because he's, you know, he's representing Trump. He's the Trump administration and they're saying he understands us on trade Ben, I'm really fascinated by lighthizer, and how he's emerged to be the leading voice on trade out of a cabinet, where it wasn't really clear for a while, who was going to be the voice on trade, because there are a lot of conflicting opinions within the Trump cabinet. You know, this administration really, well, can you help me understand the politics, the Kremlinology of President Trump's cabinet on trade? You right. Lighthizer is definitely the leading voice on trade and the administration now and that's largely because he's the guy who knows the most about it. He's been doing this entire career has been a tray lawyer his entire career. And he's been fighting with China his whole career as an attorney for corporations. And now he's empowered with all of the might and tools of government to take on this fight with China. And that's exactly what he's doing. And he is the dominant voice on trade and mostly aligned with the president on this, which is what gives them a lot of his power. And then you have people like Treasury Secretary Steven. Mnuchin who doesn't know as much about trade and inspire much markets guy wants a deal to get done with the Chinese doesn't like to see market selloff when the fight gets bad? So he's been pushing both internally and externally to make a deal into reassure, Wall Street that this is all going to be okay. And then, of course, there's Larry cudlow National Economic Council director, who is also a markets guy. Lifetime free trader. He's adopted a lot of the Trumpian language on China and the need to make a long term deal that gets real structural reform. But he's also a markets guy and also pushing for a deal to get done sometime in the near future. So Wall Street doesn't go completely nuts and Trump loses all of his market gain. So lighthizer is a dominant force, and he's very much at this moment using all the tools of government to fulfil a lifetime goal of really punching the Chinese in the mouth, and getting them to change their ways in many ways. What we're seeing here is a man embracing his moment. Lighthizer has been in Washington, since the Reagan administration when he was assistant, US TR, but. China has been one of his priorities for decades politico Sabrina Rodriguez. Again. I mean I don't know that lighthizer would've worked for Trump. Otherwise. If it wasn't that this administration wanted to focus on China. He had an opening actually do that, with the president that really wanted to go after China. So this has been his passion product has always been China and finding a way to address unfair trading practices. So while Robert lighthizer executes, his grand vision, about rebalancing the relationship with China. It's the people who run businesses on the ground who have to figure out how to live in the world that he's making, I met one of those people in Cleveland Ohio, at a distillery called Cleveland whiskey. The owners guy named Tom licks, Tom Luke's. My title is the CEO of Wisconsin showed us around the place, white oak, and Thomas gotten caught up in the tariff fight mostly with the back and forth on tariffs with Europe, but he feels shut. Out of Asia to thanks to the fight with China and the TPP. We were doing well in Europe, we were just starting to get into China, and that's just shut down right now, part of our business plan, when we started this company, and we sold our first bottles March in two thousand thirteen when we started this company was based on the idea that there was increasing international demand for urban bourbon, which we make right here in the United States of America. That has extra demand in places like China and Europe and South American Africa. It's not as though when things change. I sure hope they do that it will all instantly be turned back on all those markets. We'll have to build them from scratch. So not only is it putting this behind wall. The tariffs are in place. But when they finally go, we can start over again. And we spent years going to trade shows meeting with people going back and forth between China and Europe and everything else. We've got to start that whole process over again. It's time consuming costly. Tomlin say who he voted for in two thousand sixteen he'd only say he was John? Ace guy. He's from Ohio, that makes sense, but he did share this anecdote about politics. We did have President Obama come in here for a tour a couple of years ago. It was interesting. We gave them a bottle. We'd all signed the bottle. And I told him I said, Mr President, you know, we're, we're a small group, but we are conservatives, and we are liberals and we are Republicans and Democrats, we've all signed this bottle. We think of it as our bipartisan bourbon, take it back and share it with members of congress. And I think that that's how we feel to. We're trying to produce a product that has demand in this country, but also demand overseas we're in a world economy. I think we have to react accordingly. Coming up, if this is lighthizer moment, how are people in the foreign policy world dealing with it? Global trade is complicated, but it's often discussed in a simplistic way. America is up. It's down. It's winning. It's losing the US economy. Looks much different than it did thirty years ago. So why hasn't our understanding of global trade changed with it? We don't even have a common definition of what trade is today. And in fact, you know, when we look at the US, the US actually runs a trade surplus when it comes to the services component of what it does. Yes. A surplus people get a little bit wide eyed, when you actually tell them that far and away the most dominant contributor to jobs, or the economy or economic growth is.

China president Lighthizer lighthizer US Trump Lighthizer Europe Sabrina Rodriguez congress Jody Arrington Texas America Robert lighthizer Mr President Larry cudlow National Economic Ating Ohio Mnuchin
"robert lighthizer" Discussed on The Global Politico

The Global Politico

06:44 min | 1 year ago

"robert lighthizer" Discussed on The Global Politico

"Often because we talked before doing one hell of a job. Thank you. Good work. Great work, hard work. You could hear members of congress talking about pain that tariffs imposed on various industries in their district times are desperate. This is Jody Arrington ever. Publican from Texas and our farmers in spite of that and are ranchers they stand with this president one hundred percent. They'll stand with him right up until they have to sail. The family farm. Here's Sabrina Rodriguez again. Lighthizer lighthizer has built these relationships with lawmakers. That's the biggest thing here that they say, you know, he shows face, and then sometimes I push them on it because I'm saying okay, but he hasn't offered solutions for these things, you're still upset about the new NAFTA, you're still upset about what's happening with China, and they're, and they kind of brush it off. Because no. But I know that I can call him. I know that he's listening to me. I know that he takes feedback. So he really has managed to like finesse like a very sweet spot on the hill, where on both sides, people have nothing but kind things to say about him. And some have said, you know, while the bar was low with the previous US TR's. We didn't feel that way about other US trade representative's. But also Democrats say you know, he's the first US TR that actually speaks democrat, and that I find fast. Ating because he's, you know, he's representing Trump. He's the Trump administration and they're saying he understands us on trade Ben, I'm really fascinated by lighthizer, and how he's emerged to be the leading voice on trade out of a cabinet, where it wasn't really clear for a while, who was going to be the voice on trade, because there are a lot of conflicting opinions within the Trump cabinet. You know, this administration really, well, can you help me understand the politics, the Kremlinology of President Trump's cabinet on trade? You right. Lighthizer is definitely the leading voice on trade and the administration now and that's largely because he's the guy who knows the most about it. He's been doing this entire career has been a tray lawyer his entire career. And he's been fighting with China his whole career as an attorney for corporations. And now he's empowered with all of the might and tools of government to take on this fight with China. And that's exactly what he's doing. And he is the dominant voice on trade and mostly aligned with the president on this, which is what gives them a lot of his power. And then you have people like Treasury Secretary Steven. Mnuchin who doesn't know as much about trade and inspire much markets guy wants a deal to get done with the Chinese doesn't like to see market selloff when the fight gets bad? So he's been pushing both internally and externally to make a deal into reassure, Wall Street that this is all going to be okay. And then, of course, there's Larry cudlow National Economic Council director, who is also a markets guy. Lifetime free trader. He's adopted a lot of the Trumpian language on China and the need to make a long term deal that gets real structural reform. But he's also a markets guy and also pushing for a deal to get done sometime in the near future. So Wall Street doesn't go completely nuts and Trump loses all of his market gain. So lighthizer is a dominant force, and he's very much at this moment using all the tools of government to fulfil a lifetime goal of really punching the Chinese in the mouth, and getting them to change their ways in many ways. What we're seeing here is a man embracing his moment. Lighthizer has been in Washington, since the Reagan administration when he was assistant, US TR, but. China has been one of his priorities for decades politico Sabrina Rodriguez. Again. I mean I don't know that lighthizer would've worked for Trump. Otherwise. If it wasn't that this administration wanted to focus on China. He had an opening actually do that, with the president that really wanted to go after China. So this has been his passion product has always been China and finding a way to address unfair trading practices. So while Robert lighthizer executes, his grand vision, about rebalancing the relationship with China. It's the people who run businesses on the ground who have to figure out how to live in the world that he's making, I met one of those people in Cleveland Ohio, at a distillery called Cleveland whiskey. The owners guy named Tom licks, Tom Luke's. My title is the CEO of Wisconsin showed us around the place, white oak, and Thomas gotten caught up in the tariff fight mostly with the back and forth on tariffs with Europe, but he feels shut. Out of Asia to thanks to the fight with China and the TPP. We were doing well in Europe, we were just starting to get into China, and that's just shut down right now, part of our business plan, when we started this company, and we sold our first bottles March in two thousand thirteen when we started this company was based on the idea that there was increasing international demand for urban bourbon, which we make right here in the United States of America. That has extra demand in places like China and Europe and South American Africa. It's not as though when things change. I sure hope they do that it will all instantly be turned back on all those markets. We'll have to build them from scratch. So not only is it putting this behind wall. The tariffs are in place. But when they finally go, we can start over again. And we spent years going to trade shows meeting with people going back and forth between China and Europe and everything else. We've got to start that whole process over again. It's time consuming costly. Tomlin say who he voted for in two thousand sixteen he'd only say he was John? Ace guy. He's from Ohio, that makes sense, but he did share this anecdote about politics. We did have President Obama come in here for a tour a couple of years ago. It was interesting. We gave them a bottle. We'd all signed the bottle. And I told him I said, Mr President, you know, we're, we're a small group, but we are conservatives, and we are liberals and we are Republicans and Democrats, we've all signed this bottle. We think of it as our bipartisan bourbon, take it back and share it with members of congress. And I think that that's how we feel to. We're trying to produce a product that has demand in this country, but also demand overseas we're in a world economy. I think we have to react accordingly. Coming up, if this is lighthizer moment, how are people in the foreign policy world dealing with it? Global trade is complicated, but it's often discussed in a simplistic way. America is up. It's down. It's winning. It's losing the US economy. Looks much different than it did thirty years ago. So why hasn't our understanding of global trade changed with it? We don't even have a common definition of what trade is today. And in fact, you know, when we look at the US, the US actually runs a trade surplus when it comes to the services component of what it does. Yes. A surplus people get a little bit wide eyed, when you actually tell them that far and away the most dominant contributor to jobs, or the economy or economic growth is.

China Lighthizer lighthizer president US Trump Europe Sabrina Rodriguez congress Jody Arrington Texas America lighthizer Robert lighthizer Mr President Larry cudlow National Economic Ating Ohio Mnuchin
Brian President Trump, President And China discussed on Bloomberg Daybreak: Asia

Bloomberg Daybreak: Asia

01:08 min | 1 year ago

Brian President Trump, President And China discussed on Bloomberg Daybreak: Asia

"Brian President Trump said, he'll have an extended meeting with China's president Xi. Jinping next week at the twenty meeting in Japan. The administration's goal here is simply to restart trading. Now, the president's Trade Representative Robert lighthizer testified today to the Senate finance committee, and he called the US economic relationship with China unbalanced. It's a long history of them, violating the norms of intellectual property, and similar norms moving forward and not, and making promises and not keeping the promises. I can't predict what the United States is going to do or whether we're going to be able to resolve this issue with China. My hope is that you can there's a better idea than tariffs. I'd like to hear it. I haven't heard it, but I do know that you and I agree that just chatting with them in a dialogue is not going to get them to change. Because that's been proven to be unsuccessful that was an amalgamation of lighthizer commentary today before the committee, he repeatedly portrayed. The trade war, as an existential battle for the American economy, now, you probably are aware that President Trump has threatened to escalate the trade war by placing tariffs on three hundred billion dollars worth of

Brian President Trump President Trump China Senate Finance Committee Robert Lighthizer United States Japan Representative Three Hundred Billion Dollars
Trump declares some auto imports pose national security threat

Larry O'Connor

00:36 sec | 1 year ago

Trump declares some auto imports pose national security threat

"Focusing on midwest auto workers. President Trump taking a small step towards possibly cutting the number of auto imports putting aside the threat of tariffs for the time being President Trump is ordered the US trade Representative to investigate how imported cars and car parts are a threat to national security. It also empowers the US Robert lighthizer to try to negotiate with Japan and the European Union, primarily seeking to reduce the numbers of foreign car imports and eliminate barriers to American car exports the order justifies, the move by tying outta research and development in with military research and

President Trump United States European Union Representative Robert Lighthizer Japan
Trump declares some auto imports pose national security threat

Larry O'Connor

00:36 sec | 1 year ago

Trump declares some auto imports pose national security threat

"Com guessing on. Midwest auto workers. President Trump taking small step towards possibly cutting the numbers of auto imports putting aside the threat of tariffs for the time being President Trump is ordered the US trade Representative to investigate how imported cars and car parts or a threat to national security. It also empowered the US Robert lighthizer to try to negotiate with Japan, and the European Union, primarily seeking to reduce the numbers of foreign car imports and eliminate barriers to American car exports the order justifies the move by tying the research and development in with military research and

President Trump United States European Union Representative Robert Lighthizer Japan
"robert lighthizer" Discussed on News Radio 810 WGY

News Radio 810 WGY

01:35 min | 1 year ago

"robert lighthizer" Discussed on News Radio 810 WGY

"Foot reversal. I'm Carmen Roberts. Fox news. President Trump's personal attorney Rudy Giuliani had planned to go to your crane to earn that country to investigate former vice president Joe Biden for conflict of interest while he was in office, but a few hours ago Giuliani told Fox News not gonna go to the Ukraine Giuliani wants Ukraine to investigate president presidential candidate Biden's involvement in his son hunter and a Ukrainian energy company, Joe Biden had the prosecutor general dismissed, and then the case against his son who was dropped Democrats blasting Giuliani for asking a foreign government to interfere with a presidential election. The same thing Republicans accused the Clinton campaign of doing in two thousand sixteen well, Democrats turn to a one hundred year old law to get the IRS to release President Trump's tax returns the law requires the government release any returns requested by the chairman of tax writing committee. The chair of the House Ways, and means committee is giving the IRS and the Treasury Secretary until Friday to turn them over. Trade Representative Robert lighthizer says the US is preparing to Levy more tariffs on Chinese goods. After trade. Talks ended yesterday without a deal. This after the US already more than doubled taxes on two hundred billion dollars worth of products in new tariffs. Target items that shoppers purchase regularly like handbags electronics like iphones and computers. Textiles and clothing furniture, luggage dinner, ware, bedsheets, dishes, cosmetics and perfume, FOX business network's Jackie Heinrich..

Rudy Giuliani President Trump Joe Biden Fox News vice president IRS US Ukraine FOX business network Carmen Roberts President Jackie Heinrich Clinton prosecutor chairman Robert lighthizer
"robert lighthizer" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

03:32 min | 1 year ago

"robert lighthizer" Discussed on WNYC 93.9 FM

"The hope in your heart is here. In march. Mr. mama, Lou narrowly defeated the candidate from the ruling AK party, the former prime minister Bonelli Yildirim. The Trump administration is expected to hold a further out of trade negotiations with China this week despite the president's threat to impose more sanctions on Beijing. The US Trade Representative Robert lighthizer said talks were not being broken off, even though additional tasks will come into force on Friday business. Reporter Michelle Fleury reports a trade deal between the world's two largest economies was thought to be close but over the weekend. Donald Trump threatened tariffs on a range of Chinese goods. Now, we know why according to America's chief trade negotiator, Robert lighthizer and US Treasury Secretary Steven Mnuchin, the move was triggered by the Chinese government's attempts to reopen aspects of the deal that the US considered settled despite escalating tensions. Chinese vice premier you. Her is still expected in Washington this Thursday for the latest round of trade talks aimed at resolving the year. Long dispute. This is the world news from the BBC the UN recognized prime minister of Libya begins a short visit to Europe today as he seeks allies in his struggle against a rogue military commander Fiso Suraj travels. I Italy the former colonial power before travelling on to Germany and France talks between the main parties in Northern Ireland Utah we start in Belfast late today and a fresh bit restore the devolved Stormont government which collapsed more than two years ago. The talks been convened by the British Secretary of state and the Irish Foreign minister, here's correspondent Amawoti. There's been political paralysis at Stormont for twenty eight months since she feigns Martin McGuinness resigned as deputy first minister since then civil servants have been running Northern Ireland while the Democratic Unionists and faint have been unable to reach a new agree. Cement the death of layer Mckee the twenty nine year old journalist shot by the new IRA in Londonderry bought a fresh impetus for new talks after it led to increased public pressure on the main parties to resolve their differences. Mobile phone footage has emerged of a controversial traffic. Stop in the United States film by Sandra Blanda, black woman who subsequently died in a Texas jail. The clip shows are white police officer opening the car door and join a stun gun he shot at her to get out of the car saying, I will light you up. This bland was found hanging in her cell three days after her arrest death spot anger of the treatment of black people by police in the United States and the organizing committee of the rock. World Cup is advised host cities in Japan to make sure they don't run out of beer spokesman said there was little understanding in Japan, rugby culture and its close association with alcohol, and they were keen to make sure that no city or stadium was drunk dri-. By the four hundred thousand foreign fans expected to visit the country. Bruce being advised to strengthen their supply chains. And that's the BBC news. Hello. This is the arts are on the BBC World Service. I'm Nikki Bedi here with sixty minutes of the best global arts and culture conversation from across the BBC coming up on the show avengers. Endgame shattered,.

United States BBC prime minister Robert lighthizer BBC World Service Northern Ireland Donald Trump Sandra Blanda Steven Mnuchin Bonelli Yildirim AK party Nikki Bedi Martin McGuinness China Washington Beijing Mr. mama
"robert lighthizer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:04 min | 1 year ago

"robert lighthizer" Discussed on Bloomberg Radio New York

"Just gonna pack six in the morning here. In Hong Kong us futures are starting to trade in Asia. And it's looking fairly dicey. Again. Chris and data watch deja vu all over again. Yeah, we'll get to what's moving the market in a moment. But here in the states that we had the first chance to react to the threat of increased tariffs on Chinese imports. The question though, doesn't necessarily mean reduce chances of a deal, especially since it looks as though Chinese negotiators are still prepared prepared to travel to the US for talks will debate that issue as David alluded to after the bell. We had some new developments. US officials kind of raising. The stakes could be tough sledding for markets in Asia. Indeed right now, the mini futures contract for the American market all down by about seven tenths of one percent now during the cash session here in the US we were down. But perhaps the bigger story was that the market finished. Well, off the worst level of the day at the low point the s&p was down one point six percent. At the end of the day, though, we were off just one half of one percent similar declined for the NASDAQ composite. The Dow just off three tenths of one percent bear in mind that the small caps if you look at the Russell two thousand we actually picked up a bit. So we had long term interest rates coming in bit haven buying the ten year last quoted in New York to forty nine right now in the early Asian session to forty six so more flight to quality. And as you alluded to were waiting for a decision from the RV. And some folks are saying we could see a rate cut Brian. Doug. So that's coming later today. But what's happening, right? As we speak is getting a little bit more meat on the bone now with these comments coming out of Robert lighthizer and Steven Mnuchin meat on the bone from the tweet that we had yesterday. So let's take a closer look at the tone at the Trump administration is certainly changing even with the doves there. We spoke with Bloomberg trade editor Andrew might in Washington. Here's how he put it. Secretary Mnuchin had been optimistic for some time. I mean, he's kinda sheeting as you know, friendly to Wall Street finally to the stock market, but he was signed frustration today, and we knew Robert lighthizer wants to put Chinese hard. But when seen manasian is on board with that that probably doesn't parallel for anybody who's expecting a deal near future. So that might be why we see renewed action here in the SNP minis down another six tenths of one percent. Trade Representative Robert lighthizer accused Beijing of backpedaling on the trade deal. He says the US plans to raise tariffs on Chinese goods at twelve. Oh, one eastern time on may tenth in the United States. He says he thought issues surrounding what's known as force technology transfers were resolved. But then China's switched its position he says and refuse to change its laws on the issue. Still lighthizer says trade talks will continue the Chinese delegation will visit Washington for two days starting Thursday. Still not clear though. Oh, if I spur little hunt will be among those attending now as for market reaction, and we kind of to it already couple of minutes ago. Some say it's actually not that bad Kathryn Rooney. Vera, chief investment strategist at Baltic calls just sort of topsy turvy session caused by those tweets a buying opportunity, especially with the names that are most hit with the resurgence of trade war talk industrials. Of course, tech names that have not here to form benefactor that could potentially get affected. If we get a wholesaling crystal tariffs right now, just a quick check on your US futures right now Dow mini futures down ninety four points SMP mini down sixteen as one hundred many features down forty five. But of course, we're watching Japan, which is reopening today, and it's sort of close your eyes open. I'm guessing they're what's going to happen. In Tokyo in a few minutes. You've got Josh wine coming up portfolio manager, Hennessy funds to shed some light on the action. Well, the Chinese startup though, you. Is said to be delaying its IPO launch. Because of the trade jitters details here from Bloomberg's Yvonne man. We're hearing the Janis video game live streaming platform is considering postponing its launched by at least a week..

Robert lighthizer United States Asia Bloomberg Hong Kong Washington Chris Secretary Mnuchin Andrew New York Trump Doug China Kathryn Rooney Tokyo Dow Brian
"robert lighthizer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:34 min | 1 year ago

"robert lighthizer" Discussed on Bloomberg Radio New York

"Right, Doug. Thank you. The US is now lowering expectations for deal with China on currency as part of negotiations to end, the US China trade war for more on all of this. We're joined now by Andrew my ADA. He's Bloomberg global economy reporter, he's at our Bloomberg ninety nine one studios in Washington and Andrew before we get to this particular piece of these trade talks, you do have an update on the terminal of the general talks, and and how they're going. What's happening? Yeah. That's right. So we understand that the US and China are the US is pushing for a final trade deal that President Trump and president she could sign within weeks. It's not a done deal yet. But there is talk that perhaps there could be a summit in mid March the complications involving president she's schedule in particular. But it looks like things are heading toward some type of conclusion in the near future and complications on a currency deal. Yeah. So secretary Mnuchin said that they had finished a currency deal. Be quite a landmark agreement currency agreement between the United States and China. Ambassador lighthizer, the US trade Representative kind of walk that back a little bit this week in congress. He said that they're still looking for some type of enforcement mechanism and Larry cudlow today actually said that under the currency deal that the Chinese would commit to disclosing when they enter intervene in in foreign exchange markets, which would actually be a pretty big deal. So we just don't have all the details yet on on the currency side. And yet again, we have the trade hawks and the trade doves battling each other and sending confusing signals and messages. Yeah. Absolutely. So Robert lighthizer Trump's top trade negotiator who is definitely considered trade hawk this week told lawmakers, look we're not there yet. A lot of work needs to be done. We're not going to sign anything that doesn't involve structural changes to China's state driven economy. We're not going to sign anything that doesn't have a strong enforcement mechanism and then this morning. In TV appearances about an hour apart. Larry cudlow was very Buller shed that they're on the verge of signing a historic deal, and Steven Mnuchin was kind of halfway between lighthizer and Kudlow, so it's very confusing. Sometimes how to interpret the many headed hydra that is the Trump administration on trade. I was going to ask given all of that. Do we have a sense of why the president seems so optimistic? That's a great question. No, I think it was pre significant that President Trump walked away from the summit with with Kim Jong UN and not agreeing to sign the deal. I mean, he was also very optimistic heading into that summit. I think the president is looking for wins based on what's happening on on on the Russian Russian file. And so he was very optimistic Kenyan this summit with him. And he was willing to walk away. It does raise a question of of whether a summit with president. She could be arranged and you could potentially do the same thing. I mean that would certainly be a major loss of face for the Chinese. I think it would be a major setback for relations between the two countries. Are you suggesting that the president might have walked out of the talks in Hanoi to send a signal to China? On trade and maybe also on North Korea. Gosh, I. Again, the many headed hydra, right? Yes. Absolutely. No, it's it's I really do think that that that on. I do really get the sense that on the China side that the president wants a deal. But as always come down to this dichotomy between tariff man, Donald Trump and the Donald Trump who likes strong economy and needs a stronger economy to get reelected next year. So I think it'll come down to the conflict between those two size of his personality in which one wins out. China is still sending conciliatory as though they do want to try to comply. Yeah. Absolutely. They have repeatedly said that they're willing to buy more American goods. We think it's on the order of. I think one point five trillion over six years that's a pretty big increase in Chinese imports of American goods. I sense that they are a little more reluctant to change their basic economic model. I mean, I think they have a five ten twenty year plan to kinda downshift the Chinese economy and shift gradually towards more of a. Consumption during economy. So if they speed that up in any kind of way, I mean that has you know. Political implications and potential instability implications in China, so I think they're going to be a little more reluctant to to to speed up their reforms and just in our last thirty seconds here. Then what what are we waiting for next an announcement of of a summit between Trump, and she or or what? Yeah. Absolutely. I mean a date. I mean, I think what we have the date. Also once we had the location. I mean, I think that the Chinese are little leery of a little wary of the optics of she signing something on President Trump's turf at mar-a-lago. It'll be interesting to see if indeed it does happen at his Florida resort. All right, dander. My Bloomberg news global economy reporter, thanks for that update. We're coming up on Bloomberg politics policy, power and law approval of the new use. We're gonna stay on trade approval of the US Mexico Canada trade deal could be stalled by ongoing US, medals tariffs. But let's get back about moon now for a check. On world national news about Peter. Thank you. There were concerns has kind of thing could happen when President Trump and Kim Jong UN allowed only their translators in for their one on one talks with no staff taking knows there was a risk of a he said he said dispute President Trump says he cut off the talks because Kim demanded all the punishing sanctions the US has imposed lifted without the north committing to eliminate its nuclear arsenal. Now, North Korea's foreign minister is disputing Trump's account saying Kim only wanted partial sanctions relief, Bloomberg Washington correspondent Kevin cirilli was at the news conference. President Trump said that North Koreans had asked them lift off the north Korean Foreign Minister Lee said that they had only asked for some of this Bank. Who'd be lifted secretary of state, Mike Pompeo said earlier that lower level talks would continue. His attorney general is recommending corruption charges against Prime Minister Benjamin Netanyahu. He. He accuses political opponents of an unprecedented. Witch-hunt President Trump will speak at the conservative political action conference later this week the event, which is taking place in national harbor, Maryland. Open today with North Carolina Representative Mark meadows, saying Americans are pleased with the president's accomplishments. The recent polls have him way ahead. He's actually more popular. And what because he actually.

Robert lighthizer Trump president China US Bloomberg Kim Jong UN North Korea Trump Larry cudlow Ambassador lighthizer Steven Mnuchin reporter Representative Andrew Doug North Carolina Mike Pompeo congress
"robert lighthizer" Discussed on KDWN 720AM

KDWN 720AM

01:52 min | 1 year ago

"robert lighthizer" Discussed on KDWN 720AM

"America's First News continues on this twenty eighth day, February IfM markets this morning. And in Asia shares bell with South Korea's benchmarks thinking one point eight percent. This after talks between President Trump and North Korean leader, Kim Jong UN war ended abruptly without an agreement here at home yesterday on Wall Street, the SNP dropped a little more than one and a half points to twenty seven ninety two. The Dow now gave up point three percent. Nasdaq composite gained point one percent the official negotiating the US China trade deal as told lawmakers that there's been progress, but any deal is far from being completed. That's because work requires work continues. And there's a lot of work required on enforcement. Trade Representative Robert lighthizer told a house panel went made it. Will the US or China dominate the industries of the future we have engaged in a very intense extremely serious and very specifically goes with China on crucial structural issues for several months now, we are making real progress. If we can complete this effort, and again, I say if and can reach a satisfactory solution to all to the all important outstanding issue of enforceability as well. As some other concerns. We might be able to have an agreement that helps us turn the corner in our economic relationship with China. I agree with those who see our large and growing trade deficit and their unfair trade practices, including technology transfer issues failure to protect intellectual property large subsidies, cyber theft of commercial secrets and.

China Kim Jong UN US South Korea President Trump Asia America theft Robert lighthizer Representative official eight percent three percent one percent
"robert lighthizer" Discussed on KCRW

KCRW

01:52 min | 1 year ago

"robert lighthizer" Discussed on KCRW

"Robert lighthizer, a cabinet level official who has a knack for flying under the radar this week. The US is being represented by lighthizer number two. Jeffrey garish for insight into these talks. I'm turning to Matt Peterson senior editor at the Atlantic. Where he writes about global affairs. Matt thanks for coming in. My pleasure. So what is at the heart of the trade dispute slash tension between the US and China. This is about more than trade. These are two sides to see the world very differently and particularly Robert lighthizer. We just heard from sees the world very differently from a lot of his predecessors who held that top trade negotiator job. He really sees this as a big picture struggle between the forces of at least economic freedom, and democracy and China, and it's authoritarian government. So there's a lot of trade disputes that stake. Here there's soybeans that the Chinese are not buying at the moment. There's technology that they're blocking and messing around with. But there's some bigger things at stake when lighthizer talking so how is that different? From what we've seen in the past with folks who have had this position the pass have they not seen China as that much of a threat or have they been more willing to work with China both? So they passed US trade negotiators have certainly thought that China was a problem. They have pushed pretty hard to try and do things about it. So in the Obama. Ministration? For instance, you had the Trans-Pacific Partnership the TPP, which is a big trade deal that was meant in part to deal with China. But it came at it in a very different way that was working with American allies to try to come up with a big global approach to convince everybody to work together. Whereas lighthizer here is now just kind of taking a hammer to the relationship. He really supports all these tariffs that have gone up there mostly his plan his strategy,.

China Robert lighthizer Matt Peterson US Jeffrey garish global affairs Obama TPP senior editor official Atlantic
"robert lighthizer" Discussed on C-SPAN Radio

C-SPAN Radio

02:15 min | 2 years ago

"robert lighthizer" Discussed on C-SPAN Radio

"Always an eye. Okay. We actually broke through on that. And some other grains. I think the, you know, the cotton is a whole now stands United against what I'm gonna call unfair trading practices by you know. Starts with a C. Ends with the name. Nice. Try. Honestly, I think it sends a signal the China that we are acting as one, and I think that's very good. I also really liked the currency's stability provision back. I would like to see that at the g twenty worldwide operation and and coordination rather than. Trey currency wars things. So I know I mean, I understand nothing's perfect in life. But I think it's a solid pro growth deal. Just by itself. We've improved the supply chains tariffs not tear free zone. In fact, spy chains would be their business will not be disrupted. All those threats have not come to pass. So good. The president's are some credit. David. Smartest guy. If I got aluminum a steel tariffs because walking through that the next. So what happens next? What are we discussions discussions? Yes. Discussion timeframe. No. I don't wanna that's Robert lighthizer. I'm not going to enter that discussions. Let me ask you. If I can probably go out and let me say this constructive discussions. They're all working together. That's very important. The the call between prime minister Trudeau and President Trump is very good yesterday was the risk to Democrats. Obviously, there's real concern. The congress has to ratify this thing could happen. President concedes the Democrats back in house. Determine what is the risk for Democrats? They do not support the president on this. If the Democrats want help working, folks. They'll go at.

president Robert lighthizer President Trump China congress prime minister David Trudeau
"robert lighthizer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:10 min | 2 years ago

"robert lighthizer" Discussed on Bloomberg Radio New York

"Flash. Looking sharp, Charlie thank you so much. We'll President Trump's new trade deal with South Korea may have opened up some optimism for breakthroughs with China and Canada, but just today US trade rep. Proper lighthizer signaled any deal with our neighbor to the north is still far away. Certainly want to have an agreement with Canada. But but the people who say we really wanted agreement with these two people that say we really wanted to the camera. Oh and don't give on any of these provisions to Canada. Well, you're in one way or the other. The fact is Canada's not making session in areas where we think there's central Bloomberg news economic policy team leader Serra mcgregor's with me now in our Bloomberg ninety nine one studios in Washington first off, Sara. Oh, so that's what Bob lighthizer sounds like and second off it sounds as though the US isn't gonna wait for Canada. Yeah. I think that's an interesting point Nathan that you coming to on us hearing from Robert lighthizer and white significant that he spoke today when he said is because we haven't heard a lot from the US since they've Canada has rejoined the the NAFTA trade talks, basically since the US agreed to this deal with Mexico and now Canada has rejoined to try and become to remain in NAFTA. And so what what Robert lighthizer said today, I think that was significant is that it's pretty clear for the US point of view that as it stands right now. They are moving ahead with the US Mexico deal candidate can join it. They prefer that they want that they think Canada wants that. But if they can and significant differences remain, according to Robert lighthizer than they're fully prepared to go ahead with just Mexico. Maybe candidate can join later, maybe candidate can have a separate free trade agreement with the US. But you know, that's up in the air. Is it just posturing? I mean, that's a great question as well. Of course, trade negotiations a lot a lot of it has to do with asking for a lot more than you're willing to settle for at the end of the day. This would also Robert lighthizer really drove home the point on today is that it really looks like the US wants to get this this text ready this final text a handover by September thirtieth which is Sunday. On the trade agreement to hand over to congress. Congress needs sixty days before an agreement signed for to go ahead with it. And basically Robert lighthizer said it's super important to the Mexicans that the current president in Mexico whose final Dane offices November thirtieth that he signs this deal. And so what the US wants to prevent is by not having this text ready by September thirtieth to hand over that that may be the they'd have to renegotiate the deal with the new Mexican president. So it sounds like the US is pretty hard and fast on this deadline of Sunday to get the text to congress to give them sixty days to look it over and then have president Donald Trump's sign it by November thirtieth. So if the administration does get the text to congress in time, what would happen with a trade between the US and Canada would be able to continue. So things get a bit fudgy. I mean, I think that you know, if you talk to a lot of people who are experts in trade, they'll tell you, you know, you can always be you can play with the numbers. Even if Canada's name's not mentioned in the text in on September, thirtieth perhaps could it be added at some time through the process that you know, that remains perhaps a possibility they can I I'm sure continued to negotiate and tax something onto the deal. And I think as it stands, you know, NAFTA still exists. So is this still needs to go through the US, congress, Canada and Mexico needs to approve this deal. So there's still a long time. Horizon were NAFTA will exist and this deal can have all sorts of bells and whistles. I'm sure added to it or or or taken away. Meantime, the president went after China in his speech to the UN today doesn't sound like he's ready to cut any trade deal with the Chinese anytime soon. No, even Robert lighthizer when he spoke today at the same event where he spoke about NAFTA pretty the the Trump administration's pretty hard. And in this position that they want to see fundamental changes to China's economy, nothing less than better protections for intellectual property. A reduction in the trade deficit. We've heard about these issues over and over again, a significant because this week the tariffs on two hundred billion dollars of Chinese goods took effect. This sort of second much larger round than the first and another to sixty seven threatened at two hundred sixty seven billion dollars threatened in that sort of looming out there. And I think it just sends the message across of how serious the Trump administration is about holding China's feet to the fire and China, of course, saying, you know, they're they're not even getting engage in talks until the US. If the US keeps up its tariff campaign, even as the administration digs in its heels with Canada, and with China, President Trump was able to say that he has struck at least deal with international trade partner with South Korea. Of course, this had been negotiated some time ago, but what does that say now that he actually has a trade deal? As sort of a feathered as cap. I mean, it is something to tout that an agreement was made with sets Korea to revise an existing trade agreement. It was five five years old. The deficit had grown the US trade deficit with South Korea had grown in those five years that the trait that the trade deal had been signed under the Obama administration. And I think that was the main sticking point for Trump of why he wanted to renegotiate that. So it is an accomplishment. Of course, I think where probably the naysayers or the critics may may come in. Chime in is that this was sort of cosmetic changes that agreed to a few more cars can go into South Korean some agriculture concessions. But it wasn't a wholesale change. Like like NAFTA is and so it was a little bit easier to do than than what then what you know. Trump may wanna do with China or may wanna do with NAFTA. So it it might not necessarily be a sign of the accomplishments that can be made in those two points. But ultimately, also it didn't from what from what we understand get South Korea out of these steel and aluminum tariffs are auto tariffs. And so I think that you know, that leaves a larger question about, you know, what the Trump administration's willing to give in trade negotiations and just in our last minute. Are there any talks scheduled between the US and Canada at this point? So that's interesting both Robert lighthizer and Christa Freeland the foreign minister who's been negotiating NAFTA for Canada. They're both at the UN this week. We've not heard of any talks between them there's been no readouts. And I do believe that today will be their last day there at least for Robert lighthizer. So we'll have to see of course, the prime minister Canadian Prime ministers there. So perhaps Trump will have some words with him. We we don't know if that's going to be off on the sidelines. Bloomberg news economic. Policy team leader Sarah McGregor. Always appreciate your insight on all the stuff happening with trade. Thanks so much coming up on Bloomberg politics policy power in law. President Trump has talks scheduled with deputy attorney general rod Rosenstein later this week. I we check the latest world and national.

US President Trump Canada NAFTA Robert lighthizer South Korea Congress China president Mexico Bloomberg rep. Proper lighthizer Serra mcgregor UN team leader Charlie Korea
"robert lighthizer" Discussed on Marketplace All-in-One

Marketplace All-in-One

01:44 min | 2 years ago

"robert lighthizer" Discussed on Marketplace All-in-One

"I'm David Brancaccio in New York US trade rep. Robert lighthizer is set to meet up the street here today with trade officials from the European Union and Japan. It's the fourth meeting they've held in the past year and effort to join forces against Chinese trade practices. They say, are unfair. Marketplace's, Nancy, Marshall genzer reports. Robert lighthizer is meeting with the EU Cecilia Malmstrom and Japan's hero Sheikha Saco after their last meeting in may. The trio said they'd worked to solve problems like unfair government subsidies, and intellectual property theft. Things. China is accused of Kathy boss. Jan sick is an economist at the research firm, Oxford economics when you have more of a coalition. That's something that then could put much more pressure on China, but to really pressure China, you need action. Maybe even joint tariffs, Phil Levy of the Chicago council on global affairs. Says I, the. Trade ministers have to tackle the elephant in the room, US steel and aluminum, tariffs, and the really really big elephant just outside the room. Autos. The EU in Japan were not permanently exempted from this deal in aluminum tariffs, and they're really worried about possible auto tariffs, Levy says until all that's resolved. The prospects for joint action against China are dim in Washington. I'm Nancy, Marshall genzer for marketplace. Data show. The economy is strong, but not all data housing sales may be stalling marketplace's, Mitchell Hartman reports in its housing forecast mortgage, giant Freddie. MAC predicts home. Sales will be down about one percent. This year. Economists Len Keefer says there aren't enough homes for sale. Home prices are rising twice as fast as wages. Borrowing costs are up and.

China Japan rep. Robert lighthizer Phil Levy Marshall genzer US European Union David Brancaccio Cecilia Malmstrom Len Keefer Oxford economics Nancy theft Sheikha Saco Mitchell Hartman EU New York Chicago Kathy Freddie
"robert lighthizer" Discussed on WPRO 630AM

WPRO 630AM

02:41 min | 2 years ago

"robert lighthizer" Discussed on WPRO 630AM

"Good evening i'm john batchelor this is the john batchelor show my colleague and friend and co host gordon gordon chang of the daily beast is with me i attend to the news the report from marketwatch within this last hour north korea's released three us citizens who had been held prisoner by the communist dictatorship south korean news agency reported citing a south korean activists who lobbies the releases which have not been confirmed by state department would meet one of the trump administration's conditions before president trump would meet with north korean leader kim jong un the free citizens kim jong il kim sang duck and kim hawk song were freed from labor camp and given healthcare in ideological doctrinaire in pyongyang according to report in the financial times we're waiting for confirmation of this but in any event in addition to this news from north asia we have the fact of underway now according to the plans and negotiation between the us and china over trade imbalance and intellectual property theft this delegation led by the secretary of the treasury mr mnuchin and the director of the national economic council larry cudlow a secretary ross the commerce department is president light iser and navarro are also present so a stellar delegation to negotiate over the trade inequities of these last decades decades part of the chinese miracle but now part of the chinese secondstory gordon a very good evening to you your expectations for these conversations that are starting right now in beijing john i just don't know how it's going to go out i know that robert lighthizer the us trade representative and peter navarro his ally in the administration are going to hold out for a much better deal but people are saying that steve mnuchin who is leading the delegation the treasury secretary might very well go for an easy win we saw something like this last year where wilbur ross in may announce some initial results quote unquote as he called them he said that this was going to be good for us trade it turned out to be maybe not a debacle but certainly not what he promised and so gotta be concerned we welcome our colleague alan tunnel in an independent economic policy analyst he's blogs at realitychek allen has been our guide corrector are scholar are instigator these many years of discussing trade policy just call him obi wan.

president peter navarro representative beijing treasury kim jong gordon gordon chang realitychek allen policy analyst alan tunnel wilbur ross steve mnuchin robert lighthizer john batchelor larry cudlow director secretary theft
"robert lighthizer" Discussed on News 96.5 WDBO

News 96.5 WDBO

01:32 min | 2 years ago

"robert lighthizer" Discussed on News 96.5 WDBO

"The latest developments in the trump white house news ninety six five double d b o play here president trump threatens another one hundred billion dollars in tariffs on chinese imports austin powers reference out there peter navarro of the white house office of trade saying the president's taking a hoarder line to stop china's bad business practices and narrow the trade deficit between the two nations china has a blueprint basically to steal our economic future by stealing industries like artificial intelligence robotics and such president trump directed ambassador robert lighthizer to develop tariffs and other restrictions to make sure china doesn't do that china's responded with threatening to implement tariffs of their own right now the dow is down three hundred sixty three looks like president trump's gonna skip the annual celebration of the white house press corps again he said in a radio interview he has probably skipping the white house correspondents dinner our listener with this open mic good for him he shouldn't give that berman the time of day president trump speaking publicly about the hush money given a porn star stormy daniels he tells reporters he knew nothing about that payment one of our listeners now he's thrown his longtime attorney under the bus let's see how this one plays out it never gets boring you can send an open mic on our app and scott if this radio thing doesn't work out for you they're hiring at the prison really he had factor the department of corrections is offering a one thousand dollar bonus for new hires radio case thirty years of radio done fly.

president peter navarro china robert lighthizer berman attorney scott trump white house one hundred billion dollars one thousand dollar thirty years
"robert lighthizer" Discussed on WHO NewsRadio 1040 AM

WHO NewsRadio 1040 AM

02:17 min | 2 years ago

"robert lighthizer" Discussed on WHO NewsRadio 1040 AM

"Has a blueprint basically to steal our economic future by stealing industries like artificial intelligence robotics and such president trump directed ambassador robert lighthizer to develop tariffs and other restrictions to make sure china doesn't do that navarro appeared on fox this morning china has responded with threatening to implement tariffs in their own of their own against us aggie imports navarro also revealed the president has instructed agricole cultural secretary sonny perdue to find ways to protect american farmers from any possible blowback from chinese tariffs there are new images of a new nuclear construction site in north korea just weeks before our president and kim jong un are supposed to meet douglas ater has more at six eighteen months just to put that into context he said that about two and a half months ago you do the math on that and north korean dictator kim jong un could be just about three and a half months away from having the technology to deliver an icbm to the us in a worst case scenario now the expresses also showing a satellite image that may indicate recent work at a north korean nuclear side a reactor in pyongyang and of course all of this comes as the white house is trying to work out a possible sit down between president trump and north korean dictator kim jong un we still don't have the details on that we don't have a location a time a date but that is being discussed by the administration and the president's considering sending four thousand national guard members to the us mexican border in a statement to reporters on air force one the president said a large portion of the soldiers would stay there until the southern border wall is built one man was injured thursday afternoon when his small plane crash just northeast of des moines gary barrett has more the bulk county sheriff's office says the plane took off from a home around four pm near northeast one hundred fiftieth avenue in northeast one hundred and fourth street it crashed about one hundred and fifty yards away in a cornfield the pilot is forty three year old jason beckmann of lakeview he suffered leg injuries and cuts on his arm and was taken to a hospital no one else goes injured the federal aviation administration will investigate the cause of the crash i'm gary barrett former cedar rapids mayor ron corbett says he's disappointed a polk county.

jason beckmann gary barrett kim jong sonny perdue secretary polk county ron corbett lakeview trump des moines pyongyang us kim jong un north korea president fox navarro