for well to talk more about this now i'm joined by good faith by my director of the center for international economics thank you for joining us we just heard it bad good morning a trade imbalance that trump has coined stupid trade we've heard that complaint time and time again but calculations new institute appear to dispute that tell us more. yeah president trump always refers only to the treating goods cars the steel and so on and so forth and he never talks about old services and he never talks about the profits the american firms make in europe and if you take all these into account what you see is that yes the u.s. has a deficit englands of one hundred fifty million dollars but it has a surplus in services of fifty and a surplus in profits of a right so if you at that up we have a black serial or right help us understand this then because if services from the u.s. to germany is such a large part of trade why is the european union retaliating with tariffs on things like whiskey jeans motorbikes for example well that is. simply because we don't have tariffs on goods that's what we usually have abou

current hellmann's main affiliation is the georgetown university law center, the center for international economic law. she has held most of the other interesting trade jobs, including stints as the ustr general counsel, chief tax negotiator, itc commissioner, and, oh, yes, a member of the wto appellate body. i have seen her work in private practice and can attest her skills extend way beyond public service. for thee vice president national pork producers council. beyond what he does for the pork industry, he attained the status of one of the elite business advocates on trade policy. he is for taking an aggressive path through the implementation of a series of trade negotiations. paul is the president for the alliance of american manufacturing, which was laborished by company and . he has been part of the white house's manufacturing initiative and he posts a podcast if you are not already listeners. really a stellarro

stand together to defend free trade the right guy to have been my a director of the center for international economics in unix thank you so much. well i have another big story also related to the us regarding deutsche bank i'll come back with that later as we look forward to it monica but in the meantime we'd like to get a quick check of some other stories that have been making news around the world north and south korea have resumed senior level peace talks they come as the u.s. continues its push to persuade the north to give up its nuclear weapons seoul says that reconciliation between the two koreas will be a key part of efforts to resolve the nuclear standoff with pyongyang a new populist coalition government is set to be sworn in in italy today coming prime minister in coming weeks we've all rather warm seppi conti announcing his workings by the cabinet last night of the new coalition is made up of the far right league and the anti establishment five star movement. let's head to spain now where m.p.'s are debating a no confidence motion that could lead to prime minister marianna roy losing his j

gather to defend free trade the right got to have faith in my a director of the if a center for international economics in munich thank you so much you're welcome things. well many economists say that the protective tariff that the u.s. has initiated on steel from its allies i actually meant for china which has been subject to the tariff since march and produces farm was steel then it can use china's trying to negotiate its way out of the threat of high a terrorist for a wide range of products holding out the threat of counter terrorist on a wide range of products from the u.s. including soybeans but american farmers say their business with china is too big to fail so the comes out of the sea and puts on the lateral. routes for. bread davis is proud of the soybeans he crows on his farm in ohio it's been a good business the high demand has made so i've been small profitable then other crops to the soybean is raised for the protein side and then when it's crushed is what they call it when it's manufactured. it has. the. oil that comes out of it which we can use for it mcdonald's for frying french fries o

jennifer hillman's main current affiliation is the georgetown university law center and its institute for international economicalong the way to this post, she's held most of the other interesting trade jobs a person can hold including stints as ustr general counsel, as chief tax negotiator, itc negotiator and as a member of the appellate body. i've also been able to see her work in private practice from close range, and i can attest her skills extend way beyond public service. >> nick giordano is vice president and council for international affairs at the national pork producers council. he has attained one of the status of one of the elite business advocates on trade policy, has taken a leadership role inn working for andressional passage implementation of a series of trade agreements, and he chairs various food and agriculture trade coalitions. and scott paul is president of the alliance for american manufacturing which is an advocacy group established in 2007 by company and labor interests in the manufacturing sector. he's been part of the white house manufacturing jobs initiative, and he hosts a podcast ca

received multiple letters and ipads that have been cemented submitted for the record materials from the international center for law and economics. i moved to have these added to the record. without objectives andec it will remain open for two weeks and the hearing is adjourned. thank you. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] coming up friday on the c-span network. they review the recent supreme court term. john roberts will speak at the judicial conference of the fourth circuit. at 9:00 a.m. a discussion about recently imposed steel and aluminum terrace. i discussion about the legal challenges facing immigrants. best-selling author brad thorpe will be live on sunday noon eastern. his latest book will be

economic rewards of being a destination for digital investment. this week, they unveiled the london cyber innovation center after announcing billions in new investment from overseas. with this amongst the internationalhowing some love. hyde spoke caroline with the uk's secretary of state for digital media and sport. large technology coming from across the world are not only welcome here to invest, to soand, but they are doing with great pace. salesforce, you mentioned, we have had major investment decisions from apple, google, ibm, amazon, a couple weeks ago. samsung opening there. there is massive investment, doubled from 2016. we want to keep pushing in that direction. >> what about the regulatory environment? at some point, people look at and worry will they be slapped with fines, they feel copyright law is going to tackle. how much is your regulatory environment a blessing or curse? >> we think there is opportunity here to. the u.k., traditionally, has a good track record of writing regulations that gives us a framework in which they can operate, but also is strongly pro-innovation. they havetory sandbox developed is, yes, of course, having regulations. financial products do need a level of regu

for public office. the economic reforms afghanistan still ranks near the bottom in transparency and international rankings. there've been some institutional progress including the establishment of the justice center, but the progress has been slow. however, there've been bright spots as well over the last year the government has improved its fiscal performance and its funding of greater share of the budget. the share of the donors' from about 50% in 2012 to 25% today. the afghan people who face a deadly toll of this every day understand the need for peace and so too do the thousands of u.s. personnel working to implement the administration strategy. as i noted earlier the key question remains well the taliban join a peace process to make the compromises necessary to end the war we are prepared to test this proposition and mr. chairman, mr. ranking member thank you for the opportunity to appear before the committee. congress support is crucial to the process and i look forward to addressing your questions. >> thank you, ambassador. we know go to mr. engel of new york the ranking member of the committee. >> think you mr. chairman and thank you for calling this hearing. ambassador, thank you for you

next, a forum on the economic and security impact of refugees migrating because of armed conflict, natural disaster, federal disaster hosted by the center for strategic and international studies, two hours 15 minutes. >> let's get started. we had a bad artisan task force. author,eful to the lead and a person who worked to make this report possible. i also want to thank mike leavitt's -- we had a bipartisan task force. need to go at a brisk pace. i also need to think a particular the ford foundation made all this work possible and we are very grateful to the ford foundation, clarissa and my friend david in particular. so i think you are going to learn a lot, i mean, i think the largest refugee and idp crisis we've had ever more than world war ii and all sorts of geostrategic implications has development implications, community implications. what shocked me is the levels of the growth that is projected in terms of people if we do nothing. what's also sharpies amount of money that we been sort of passively spending both in wealthy countries, in essence all foreign aid has gone from a 2% to 10% in the last ten years at all for it was globally this bit in wealthy countries

next, a forum on the economic and security impact of refugees migrating because of armed conflict, natural disaster, federal disaster hosted by the center for strategic and international studies, two hours 15 minutes. >> let's get started. we had a bad artisan task force. author,eful to the lead and a person who worked to make this