ization on the other and unfortunately the united states the world's most powerful country and economy is source of a lot of that friction and certainly the source of an impulse to move toward nationalist bilateralism rather than multilateralism and yet as i say many of the crisis that we face today will not be dealt with if we try to do it by the latter you know the u.s. president on from probably disagree with you or many of those points here at the g twenty summit today with a new trade deal between the us mexico and canada signed sealed and delivered the new treaty replaces nafta which trump blame for the loss of industrial jobs in america you know many going to north in north america we understand very clearly that it society's prosperity will be greater and will be deeply rooted if it's based in the prosperity of the region as a whole. in short this is a model agreement that changes the trade landscape forever and this is an agreement

that first and foremost benefits working people something of great importance to all three of us here today make no mistake we will stand up for our workers and fight for their families and their communities and donald it's all the more reason why we need to keep working to remove the tariffs on steel and aluminum between our countries. all right javier let me ask you what are you hearing of the g. twenty summit about this new trade deal is it seen as a real improvement on nafta. well not really brant most analysts that have taken a look at the agreement would conclude that it is not significantly different to the original nafta agreement maybe the only very important aspect is that considering that nafta was signed in one thousand nine hundred three that it includes a lot of digital aspects that did not exist at the time but other than that and other than the concessions that it made for some of the dairy industries and the automotive industries for the united states it essentially is still

a free trade agreement between canada mexico and the united states maybe that is a sort of relief for people participating at the g twenty summit as it is a multilateral agreement and a commitment to free trade by those three countries but you have to put things in perspective and take a look at all the damage that the uncertainty during these years has actually caused when donald trump was essentially suggesting that it would end nafta at all and have no free trade agreement with its two neighboring countries companies stopped investing in companies could not plan companies fired people and that was definitely more damage perhaps than the good that this new deal brings in. our dog here think you will trump has one trade deal done there's an even larger one looming with china here's the president talking about his upcoming talks with she. will be meeting with the president she will do well but for the most part to morrow i would say would be upbeat maybe but in the meantime people are working our staff is working. with the people working with working very hard we should make you know

that i think they want to we like. he said they would like to have a deal he would like to have a deal is trump in a position to demand more from the chinese now that he does have this new trade deal with north america. transferring demanding a lot from the chinese all along i don't know that that makes a particular difference but what definitely might focus minds is the fact that both china. and the u.s. are feeling some pain from the trade conflict that's been raging for some months now and particularly in the u.s. apparently donald trump was very troubled by the news this week that g.m. was laying off fifteen thousand workers and reducing activity at five different plants and definitely made a connection to trade difficulties as one of the reasons that that is happening we

also know that u.s. consumers are likely to see some higher prices as they start doing their christmas shots right this year all of that may not go down so well after all with trump space and as you know he often does play to the base those so there's been a sense he may finally be in the mood to be a bit more conciliatory we heard that as well from max that that could be where it's heading where he meets mr president xi jinping tomorrow that would be the first time these two have met in over a year and they profess to be buddies last time around we'll see how far that atmospheric personality stuff carries them but definitely i think there is an impetus on both sides to try to deescalate and max that was that announcement today from the european union about more liquefied natural gas and soybean imports from the u.s. to the european union are we seeing a leveling of the of the trade playing field your strong has been demanding from

your. well this is really a political decision because if you look at it you know the soybeans that doesn't hurt the european union it's something that the e.u. can give the americans without really hurting now the liquid liquefied natural gas story is a more interesting story because you have to look at it this way the european union is very close to russia russia has a huge supply of gas this gas can be shipped to europe in a very easy way so why should the europeans not do that for political reasons because they don't want to be dependent on the russians for their energy as much as they have been in the past so they decide to ship liquefied natural gas with ships where you need liquefying stations in the united states you need deeply quit fighting stations in europe across the atlantic what happens of course this gas is much more expensive and the european union can't force its energy providers to buy the gas over there you know i did states so the promises made by the e.u. might not be a substantial lies in the future we don't know we do know that the elegy exports

from united states to europe have increased but those dimensions aren't comparable to the gas that for example countries like germany are getting from russia it's clearly political it's something that the e.u. can give to the united states to pacify trump but to back it up it's still a long way yes very good point thank you well he is the president many leaders would like to spend some time with at the g. twenty summit and i'm not talking about donald trump i'm talking about russian president vladimir putin today. we know there will be no sideline meeting between him and u.s. president trump we also know that german chancellor angela merkel will meet with mr putin to discuss escalations tensions with ukraine no word on whether or not trump will be present for that talk expected to bring up the possibility of new economic sanctions as a response to last sunday's naval clash between russia and ukraine here's what mr putin said about the possibility of new sanctions you do need. think cannot be

ignored that dishonest competition is replacing honest dialogue between nation states a vicious practice of returning to illegal uni lateral sanctions and protectionist measures spreading going around the un. and internationally recognized legal norms. linda is the german chancellor is she really going to go in that meeting and say either change or it will just let more sanctions on well it's not into the saveable she actually has been pretty tough about sanctions so far in regard to the russian incursions into crimea and ukraine and she may well be willing to make that argument certainly european union leaders were saying today that that is the european line on this that sanctions would be the the next step if russia doesn't deescalate what chancellor merkel did say very clearly on her way over to argentina

is that she does look to mediate in this crisis and by the way the president of ukraine has to parse asked for mediation by both germany and the us how.