matter u.s. has over one trillion dollars in debt more than ten point zero or foreign chappie each day. eighty five percent of global wealth you want to be ultra rich with six percent market share thirty percent of your home with four hundred to five hundred trade persnickety for sure and one rose to twenty thousand dollars. china is building two point one billion dollars. but don't let the numbers overwhelm. the only numbers you need remember it was one show you know for a minute one can only. do

so if you go and sophie shevardnadze the us china trade war seems to a bit of verdict for the time being but will the truce last while i ask robert manning former advisor to the us government and a participant of the twenty eight hundred m. attack international conference. as the global trade war between the u.s. and china is put on hold the parties stay poised for the next round in talks with the site showing any real desire for major concessions what will the washington beijing standoff leads to world powers how will it continue to trade conflict between economic giants impact on the rest of the world and chemically nomics of a military poland. robert manning great to have you with us on this program my pleasure right so after the g. twenty summit president and incredible detail with china has been right now the chinese they announced rolling back some tariffs and they're being ready for another round of talks but they're not giving any specific details out do you think

the deal is really that incredible as trump says it is. despite the fact that trump said it it might be true. and i think that this was worked out for the g. twenty by various cabinet officials. and i think we're starting to see the chinese announced. purchases of more agricultural goods i suspect you will see them also announced purchases of long term natural gas. there announced in the opening over a range of sectors to foreign investment and i think the most set of issues around technology. we're beginning to see things at least being talked about. most of the things that the u.s. has demanded if you go back and read the speeches she jinping has made going back to the nineteenth party congress if you actually did what he said there wouldn't be

much of a problem and i think now he's being tested and that's not just the united states i think that china's mercantile those policies have been. a source of concern in europe in japan and elsewhere that the chinese are just kind of overplayed their hand and. even when there's a quiet debate amongst the chinese elite world one worrying that she has overplayed his hand i think we're beginning to see him walking it back a little bit let's let let's bring this back into the realm of u.s. and china relations because i do agree what you're saying right here up in japan but i want to talk more about china and u.s. because meanwhile look at the talks are in progress and second round of talks are somewhat close but meanwhile the daughter of the founder of the tech giant why wait . he's also second in command there has been arrested at

a request for american requests for violating u.s. trade rules and in tehran sanctions i mean why ways think they were china's government and even though china says that they are us want to stop the trade talks with washington why the need to complicate things i mean these were just getting better you're just about to hammer out a day or so. what this arrest derailed negotiations well i think you're assuming more coherence within the u.s. government than might be. prudent. we have in the pension edition of the justice department does the fact trump didn't even know she was arrested at the time he was having dinner with she at the g twenty cannot tell bolton said that he didn't pass the news of imminent or asked her present trauma to understand that you know president shouldn't be looking into every single detail there are things going on with this but this is a big deal well it's like bill gates daughter being arrested in china for or

something like that. right but i don't i don't think you have a similar situation is something that the chinese have a lot more control over all those sorts of things i think also the justice department announced a whole range of sanctions a bunch against chinese hacking exercises and so on this is part of a long broader u.s. attempt. to push back on chinese. technology control the stealing i.p.r. steel and so on over the. i think trump is obviously using it as leverage in these trade talks but i do think that you have two very large the two largest economies in the world very intertwined in ways that you have some

people in the trump ministration that are very anti china that want to end the economic divorce. i would note that. in a rare occasion jumpers actually appoint somebody to be in charge. the u.s. p.r. wise eyes or and because all of his advisors have different theory of the light has or says he wants more tariffs again china and says that trade war should be evaded and then you have peter navarro who is a trade advisor he says that be careful how deal so ultimately who decides what to do well as i say that i think that's why they appointed a light hisor i think for the chinese it's been very troubling because historically our china policy there's been somebody in charge the chinese know who to go to for example in the bush administration there was treasury secretary paulson and we had a pretty good way of managing these issues in the trumpet ministration no one's in

charge and there's several different voices with different policies and still very difficult for the chinese when they first came in to deal with commerce secretary ross and then. vetoed it then they made the treasury deal with our treasury secretary and from veto that so from the chinese perspective it's like what do we have to do we talked to and i think then now we've i think begun to answer that question with the appointment of light i want to get back a little bit on the arrests of the. thought why way. like i said it for me it's like an analogy as if bill gates was arrested in china for preaching chinese trade trolls surely it would make the u.s. given more. and sessions to china if that were to happen i feel like why do americans think they can strongarm ragingly that. well she wasn't arrested the way the chinese are picked up canadians in retaliation she was. she was taken into

custody because of vital sanctions violations in terms of. fraud weiwei conducted in doing business with iran through a subsidy i read i can't just like to stop for a second to notice that companies like ericsson and samsung call so south to iran are being sanctioned and people are being arrested from them i mean this is hardly it's only over used to support a cool thing because you know the prosecution is very selective. i think we've sanctioned a lot of other countries. but i'm talking about companies i just gave you two examples some broad areas they're selling iraq i think while we're has a problem not just with the united states over the past several months they've been rejected in the u.k. in. new zealand australia japan is now in the process of thinking of. doing away with wow as a five g.

carrier so i think there's a lot of concern about chinese technology practices more broadly and i think that's one of the reasons we're beginning to see these trade talks kind of get traction because that i think the chinese chinese big tech is not that different from american big tech if you're ali baba or baidu or ten cent you want access to global markets trend is only fourteen percent of her so of the world market they want access to the other eighty six percent and i suspect that they will the fact that they're being shut out of markets that their efforts to acquire by f.b.i. tech firms has been rejected a number of countries has. probably gone to the leadership in china maybe this isn't working so well. so the white house has given beijing ninety days to as they put it to actually make things right and that means reform their technology rules

open up to your services but i mean these are the demands that u.s. has battling with china now for decades i mean is it naive to think that in ninety days it's just going to all go all be good yeah well i would be surprised if that happened in ninety days i think i think the way some people in ministration are looking at it it's more like a trial or a trial period they want to be able in ninety days to see if the chinese are serious this time about actually following through on commitments you know they made a number of commitments she pledged to obama the stop. hack the cyber hacking. didn't happen in fact it's been increasing in recent months so i think she has a credibility problem and not just with the united states and so i think this is ninety days will serve as a way for the us to make a judgment about whether the chinese are serious or so the americans they've been

actually complaining about china pinching american technology for eight years or eight it helped foster chinese technological progress but now they're investing more and more in research and they're producing more tech graduates in america and europe taken together will china have a need to play loose with this foreign technology anymore well i think china is no longer i think they're leading i think they've done a major report on global innovation where i call china the new silicon valley and i think that we're seeing in a number of areas in terms of and all you can see the metrics in terms of number of patents number of scientific papers and so on. in some areas in the artificial intelligence and others lead the world in payments half the electronic payments in the world occur in china something like forty two million so you know i think it's . become a serious actor on their own and i think their attitudes on i.p.r.

are changing because now they have their own i.p.r. to protect. so here's the thing you say that american and chinese markets are so intertwined and their economies are so closely working together they need each other they need each other's markets investors how far can lead to even push each other until it gets to a point where they'll be shooting themselves into the foot well i think i think you'll see a slightly diminished relationship but i think it's more than the bilateral issue the u.s. and china account for about. forty five percent of all world trade if the two largest trading powers are playing by different rules what kind of intellect international architecture and your regime trade regime what's the future of the w t o so these are big global issues and i think that how this plays out will have a big impact both regionally and globally on the trade architecture around the world so in the beginning of twenty eight thousand you were at that current global

trade regime is at risk you're referring to trumps protectionism unilateral attitude towards w t o pax like t p pinata but you know air is coming to a close and we actually see that u.s. china progress is here and that they're talking that there is there enough to talks and then you know people are selling are still lying. would you still say that the world trade system is in danger. yes i think is very much in danger the world the crown jewel of the w t o the dispute mechanism. is a risk the u.s. has blocked new judges because a want as a as a way to leverage reform and we have less than the year to go if we don't get this fixed. system may not be working and then we're back to. instead of rules based trade power based trade we're going to take a break right now when we're back we'll continue talking to robert manning former

advisor to the u.s. government stay with us. guys are financial survival guide look what it does that you can convert into that's quite easily. to keep in mind the team into place and a lot more. join me every thursday on the all excitement and i'll be speaking to us of the world of politics sports business i'm show business i'll see you then.

and we're back with robert manning former advisor to the u.s. government and participant of the twenty eight hundred international conference sure manning this approach to or china hawkish approach it's not just in terms of economy right. hardware as well because with the see this in south china sea there's already too many bomber flies and warships sailing back and forth can the trade warsaw lead to actually lead to an easing of tensions in terms of the region well i think the old consensus going back to the nixon opening is gone. i think up until. all those previous american presidents felt that what we're

trying to success was good for the united states trump is the first one who has a different view on that and. i think. trade the trade had been the foundation of the relationship the strongest advocates for us china relations were the u.s. business community and if you go back over the last several years and read u.s. chamber of commerce and beijing or shanghai there are reports they found them harder and harder to do business more and more and more and the. this this concerted efforts and frustration and so they're less supportive if you get if we have a new trade arrangements with china that may build a new foundation for war stable relations i think broadly the if there's a u.s. as a problem in accepting the rise of china no matter what they do i think a lot of people in the u.s. some money the status quo is eternal designs and what is america's end goal and the

south china region and south china sea. well you know on the chinese are the ones who signed the law the sea treaty and then decided to interpret it kind of on our card sort of basis and you know they pledged to obama that they wouldn't alter ised the south china sea and they've built i was serious of military bases building up to spirit eyelets i think it. i think the u.s. and china both have a problem that neither side has answered what i see as two basic questions i will shape the future of the chinese assumption is the u.s. is now a liar and then eventually leave and they're positioning themselves to be a dominant power in the region the u.s. seems to think that its network of alliances and presence in the region. which is only been there for the last seventy years if you think about the last five

thousand years of asian history there have been three different kinds of security systems for a long time it was chinese tributary system then we had an period. as system and beginning in the twentieth century and after world war two it's been an american dominance and from an asian perspective that's that's a short period of time it's not the norm it's the exception and so i think the question is what type of chinese presence and role is acceptable to the u.s. and the slippery slope or on the other way for china once they understand the americans are not leaving or a pacific power what type of american role and presence can china live with those are two big strategic questions that neither side has answered. and on its own right beijing is active in the south china sea it has an arsenal to counter u.s. carriers when you know that that it's building a blue water navy to i think china is being realistic with well its capabilities

match its a mission. you know i think that nobody talks about this but i think the peel away in china is fairly uncomfortable because they haven't fought a war since one thousand nine hundred fifty three really and she's dead in them or aggressive actions that are putting them in proximity with american forces on the likelihood of an x. in the escalating is going up and so on and i think a lot of people in the chinese military leadership who have never fought a war and have all these fancy new toys and they've never actually tried to see if they all work together are a little uncomfortable being put in that position right so according to president china is also to blame for the apparent lack of progress with the u.s. and north korea relations do you agree no he's that's just not true i think frankly the fact that the chinese and russia both supported un sanctions. were

what created the kind of pressure that led to the developments we've seen over the last really since january first and. so i think china's done actually more than i think trump had unrealistic expectations of what china can do our interests in china overlap on the korean peninsula but they're not the same china puts more value on stability and the u.s. puts more emphasis on denuclearization and i think the way trump has done this has really given the way the store i think the kim john deserves the diplomatic man of the year award for the way he's really dictated the whole pace of the plough in the sea since his january first speech to a deal with the olympics in seoul and the way he manipulated trying to have you know for trump the summit was the ultimate reality t.v. show well right now that the second talks were the consul by pyongyang with no

further dates given for the next summit what will it take to restart the process well i think that they've made a number of mistakes further they are us. first. when trump met with the leadership i think it was taken. as a signal both in growth moscow and beijing that it was ok to normalize relations with north korea and so by and the u.s. by defining it as a bilateral issue remember we had six party talks for a while that didn't the ultimately achieve their objective but that did show the major powers could cooperate and where their interests overlap and trump's walked away from that and defense dealt with it as a bilateral u.s. north korea issue which i think is a mistake because you can't solve this without china and russia being involved for example on the nuclear issue the i can only monitor fissile material and facilities

they can't deal with nuclear weapons that's something the perm five and and three of the perm five have in the be in northeast asia the us china and russia we ought to be talking to the other nuclear weapon states in northeast asia about how do how do we go about moving fissile material out of north korea how do we dismantle nuclear weapons that's not going to happen magically and i think to the degree that even japan's been our ally japan has been cut out of the diplomacy and so even there quietly trying to meet with north korea and so on because we have i to north of the solve this we have to have a coordinated multilateral approach and it's not happening and i think even within the u.s. government there is a gap between trump and his the whole korea team under secretary pompei o who are much more skeptical of kim's intentions than president trump who said he fell in love well i mean john bolton. surely sas that another north

korean summit needs to be held. failing to deliver on its promises to do nuclear as well in the june summit was really a purely for the show for the. reality was heard it was worse than that because it if you read this the statement that they put out it was so vague that it didn't provide any guidance for how to how to put together a diplomatic process that actually realize any other element will bring any tangible result i think it's a mistake to have a summit at all. yes unless. the north koreans have boycotted the two meetings that secretary pump a of it's called. they were invited to geneva by. our north korea special representative he's pushed into days of vienna waiting and they never showed up so i think they're playing trump against his own government you know if they're smart well i think i think. the root of the problem is somewhere in

a different place on paper plan now wants to normalize relations with us on paper promising to do nuclear as in return for washington to nuclear ization comes first . could that be the root of the problem well that policy is not going to work i mean the north koreans whatever you think of their view they have been consistent from day one they said that we want to phased synchronous process which is the only way can happen because there's so much deep distrust on both sides that when we had the six party talks which i was somewhat involved in it was called action for action because the only way you build trust is if we do something they do something and we interest respond and that's the only way i can see it working and if the u.s. thinks north korea is going to give a pause nukes and trust us to respond after they. after we pocket all the all the concessions that's just not going to happen but also opinion seems to seize nukes

as the only real that hair and against american invasion well i mean. given the mup demanding them for a leap of faith i can i will tell you that i can understand if i was north korean i'm i want to feel as a deterrent however i think you have a young leader who's in his study three years old unlike his father he wants to be around for a few decades and he knows in order to do that he has to modernize its economy and if he has to trade some of his weapons of mass destruction or all of them to get that i think there have been and there's been a lot of progress in north south korea. reconciliation and i think the i can see how you could i can see a solution but i'm not sure how you get there because of the deep distrust on both sides and when the white house says we want a front loaded solution and when you ask them well do you have front loaded

benefits for north korea if they give you all these things you get a blank stare and so i think i'm not sure that they've really thought through how how this kind of the placebo works. you said earlier that neither china or america have answered. main questions of why they are in the situation they are so for me for china north korea is arguably a buffer against u.s. troops right on its border and a point of leverage with the u.s. and actually for the rest of the world to a degree for the united states this is a pretext to keep troops in asia and also project power in more power in asia so the way it looks to me i mean the prospect of war maybe is there but it's very unlikely it seems that this status quo is actually working for both powers at this point is there any really any will to change things i think. it's not just the united states that's uncomfortable with no clear north korea as

a way nuclear weapon state the chinese would prefer that she had the nuclear korean peninsula as well and so would a real japan and i think russia as well. doesn't look forward to more nuclear powers in the world so. but you have a point that. in the near term. the status quo it's particularly because. they've in is as the diplomacy has started the things that were provoking the us testing a long range ballistic missiles and nuclear weapons has stopped so there's less the tensions are lower nerve less pressure and so that's why i think the us ironically trump has adopted the same policy as obama so called strategic patience a little they don't call it that but that's just if you listen to what trump on pompa are saying or no rush it's ok we're doing well. i think that's going to

change the democrats are taking over the house next month and they're going to get hauled up to hearing still explain what they mean by all this great progress when in fact nothing has happened. that robert manning thank you very much for this interview it's interesting to see what's going to happen in. the months to come thank you. spine maybe it returns to us weaponize as it's laws against adversaries also is the western world in crisis and much much more on this edition of crossfire.

dimension again on the six thirty five if you have a career and a career involves using your i phone in your computer and things like that in an office. perhaps you start getting headaches. kids. are going to have to stop doing all this and that's just how you lose them it's mostly for my world became smaller and smaller and smaller until i ended up winning it and a box. of very strong magnetic field on my car i felt in my head. it's like a real hard pressure on my skin burns and that wireless access point out there just continues all day with our students in the schools. we are just continually bathing our citizens in this microwave radiation it is certainly electoral small and it's

getting worse. table. was it. was trying to get rid of everything that was already voting right and that it was sunday and they don't believe that was really the end of a. very. poor job. the russian foreign ministry had sat on the b.b.c. saying its work smacks of cynicism the leaked messages from one of the reporters says her editors are out for blood in their attempts to find links between the

kremlin and the yellow press movement.