china china is it is it is yeah yeah levy voice [inaudible] taking. in right now and these the five seventeen inches of shot three women women. justification i on the othe. the death death fifty seven rules allow china the green china calls is really reaeay rejected even when anyone dies it is that the calculus of sensess hatt the shop had been bid only country tree. accordingly hello and once she still suffered severere deprpression [inaudible] but what. free china china. usually he was jailed for world into chaos. that's how dentention tion for you shot shows with. the now when i was a daily [inaudible] no. see two guys but school yea. i mean i meal tt [inaudible] from from [inaudible] well [inaudible] you'll . first time in the six six del valle. is a big. was the was thirty minutes. you see the thing i would have. they played scenes and then. well all that even if it still. about my now that. as as for the one one yeah yeah yeah. right right one of my month endangered turtles are more about this answer. how would i was ready i know i know? ralph iraq he be. easy forms rush [inaudible] but something has to his little. son of a former. as a janitor. governments has a has a georgia. it he just says

china china does stand to lose a good portion of their heavily reliant export market with many consumer goods assembled and reshipped out of china. to the u.s. so the terrorists will actually hurt the us more when it when china poses on those price hikes and to hang in singapore there for us thank you german pharmaceuticals and technology company map is stepping up its presence in china the company has signed deals with ali baba health open to technology center in shanghai and will open two hundred fifty million euro factory in the tong next year all these moves mark the company's three hundred fiftieth anniversary this year. it all started here with a pharmacy in dollar start that humble shop grew into what's now the oldest pharma company in the world and three hundred fifty years later still run by the founding merck family but now the company is a global player. now has annual sales of more than fifteen billion euros last year's profit was two point six billion and they employ around fifty two thousand people. the company now has several divisions mix pharmaceutical sector is under a lot of pressure to research and develop th

china twenty five twenty twenty five and why is there so much. government to a talk about china twenty twenty five what is it well china twenty made in china twenty twenty five is chinese industrial policy to get everything localized within chinese companies high tech products that they still can do today a lot of those are on high end chips low hyun samy conductor testing equipment they're pouring huge amounts of money and even the local vehicle than elect will be able bad. so it's basically just an industrial policy i don't blame them for that and i think if you criticize them for that common mist good sense for every nation to do that china doesn't like to talk about it the big you know the there's a chinese scene in. your screens and bide your time and that's what they're doing with trying to put the silence on made in china twenty twenty five in the press right so they will in other words like a product like apple is designed in california built in china they want to get in on some of that design dollars and be a raise at all and they get the entire. dollar for every bit of the of the ecosystem but i want to move on to. some of the trumpet m

china or going to south—east asia. i made a choice that we should go to thailand instead of china. going to 2010, going to chinabut, eventually, the costs in china will come out so quickly and will eventually catch up with south east asia, so we need to move against mike at the time i decided to go to south east asia instead of china. what kind of manufacturing place is china now? is it a hi—tech manufacturing base? the costs right now in china is higher than south—east asia. we are converting manufacturing in china and going to more higher skill operations like sophisticated and complicated products manufactured in china. do you still need to be in china? there are still things your manufacturing plants, like r.n. de. -- research and development. in some of the highly complicated things in china, we need to stay in china. back could be affected? yes. we need to consider what kind of product we need to remain in china and what kind of product we need to go into southeast asia more and the philippines and thailand. you are involved and also is a technology. you are a maker and have created allsorts of tech produ

dollars but one hundred forty thousand dollars in china china off there behind the us is the second biggest market for tesla and tesla likes to build cars in china but that takes time so far every single car being sold every single test like are being sold in china is produced in the united states and get kids by the terrorists but interestingly enough the stock of tesla was up by about three percent in the monday's session investors obviously have the opinion that if you can pay one hundred twenty thousand dollars then you can also pay one hundred forty thousand dollars for a vehicle indeed pensacola thank you very much. british foreign minister boris johnson's resignation over the u.k.'s bracket approach not the pound down one half a percentage point against the euro european stock market reaction have a remained muted british. welcomed steamed new plans for breakfast it may had all lined last week the prospect of a soft drags in the u.k. maintaining close trading ties to the e.u. seem to meet the demands for more clarity from businesses among them. but those plans seeking to inflict minimal academic damage can stay on the table is very much u

what is this about this story is all china, china, china. >> of course it is look at the industrials.d 3% based ton fact b maybe there's a negotiation happening. >> like what cramer has been saying no deal with china cat co is down >> it's kind of silly. especially since they just grew revenues expanded five eed 500 basis poi. if you want and have patience, you own it if there's a trade war, you have to make your decision based on that, but this stock is not getting out of its own way unless he weather gwe get the ar sign >> if there's no peek in psyiqu, the stock works, no? >> first of all, i don't agree with the call ichblg it's the wrong spot i think the stock continue to suffer from a cfo comments in the first quarter. >> no, no, no. >> they just did a raise >> athals just said the margins are going to be just fine in the second half of the year versus the first half so they cleared up that comment. >> has it recovered? yes, you're seeing earnings that dismiss what he said, but in terms of stock performance, you are not. >> three months, the stock has done nothing >> it hasn't don

china a more dominant position these of the america and the rest of the west. who in the short term i don't see to strengthen the china africa relation would have a big impact on the china u.s. relations and in fact this is a critical moment for china to strengthen its relation with africa with europe in the backdrop of this escalating trade war with the u.s. but overall in terms of trading partners in terms of global influence the u.s. is not replaceable but at this point it is actually pretty sensitive point for xi jinping to visit africa since the vote on the road initiative is the president she's a legacy and africa is playing a key role in it and as she tries this time to visit is also at a very critical sensitive political moment domestically because in about one week the bit i heard meeting which is a top secretive closed door meeting in china the coming year agenda with all of the important chinese politicians together right so if she has any doubt over the domestic political stability who wouldn't have gone for this long tor in africa let me ask you about that the choices the countries each owes to visit at first look at wanda in senegal appear to be unusual ch

china. y-in, because bu the alleyway to get success with china is to isolate them. china needs to be clear that they are a threat to the global economic community. and if our allies agreed and we can confront china and force it to change its behavior. the state department did play a role and we advocated the stiffest penalties possible. senator: it is hard to isolate china when we are in a trade war with the countries we seek to partner with. i hope this is something we can get worked out. i couldn't agree more. we have done a great job in unifying the world against us. thank you so much, for being here. we appreciate your service, mostly in the other areas. we will go to the second panel. >> thank you, chairman corker. we will continue now with the second panel. is here from the business roundtable. our second witnesses mr. michael fuchs from the center of american progress. fellowhs is a senior focusing on u.s. policy toward the asian-pacific region. previously served as deputy assistant secretary of state for east asian and pacific affairs. thank you for being here. i

then two years later, china successfully tested its first nuclear bomb. 2025,china, made in china youat china will move ahead. the more pressure washington applies on china, i think, the more the chinese feel that they must do it and do it faster. they might be invigorated. real quick here, what you think the weakening has only markets? you have seen the correlation between the stoxx and yen -- stocks and yen positive these days. kok-hoi: a weak yen with investor sentiment. the chinese stock market has corrected quite severely the last few months. we think the market volume has overreacted, because, as i said moreer on, china today is than just three. i would concede that 20 years ago, it was very important for china's internal growth, but in the last few years, net exports have not been the major determinant of china's economic growth. , hene: all right, kok-hoi will leave it there, "what'd you miss?" -- aps assetoi, management cio and founder. commerce secretary wilbur ross saying he will sell all of his equity holdings. this comes after his release of a statement from the commerce

under any excuse do seriously violate the one china principle and regulations of the three joint communiqué xp between china and the us it interferes in china'sinternal affairs and inflict adverse impacts on china u.s. relations we urge the u.s. to honor its commitment on the taiwan issue and correct wrongdoings so as to avoid harming china u.s. ties and peace and stability in the taiwan strait obviously taiwan is a key issue for china china sees the island as a part of its territory while the taiwan government views itself as independent of mainland china's even though its actions don't necessarily reflect its stance the u.s. officially does not support taiwan's independence in many international circles taiwan is known as chinese taipei the name is widely used in sporting events like the olympics and at major global organizations such as the world bank the international monetary fund and apac in fact most of the countries of the world and the united nations recognized one china that said china is now demanding that international businesses respect the view as well at least a dozen u.s. and other western brands and companies have been told t

china. we need their buy-in because the only way to have success against china is to isolate them. china needs to be clear that it is a threat to the global economic community and if our allies agree with us, then we can isolate china and force it to change its behavior. on your question regarding zte, the state department did play a role and we advocated the stiffest penalties possible against zte. >> mr. chairman, i'd just like to add, i think it's hard to partner up with countries to take on china and isolate china when we're in a trade war with the countries we seek to partner up with. that's why i think this is something i hope we can get worked out. >> i couldn't agree more. we've done a great job in unifying the world against us. senator booker. >> you can move to the next panel. thank you. >> thank you so much. >> yes. >> you can have my time. >> yeah. >> thank you so much for being here, and we appreciate your service, mostly in the other areas, and we'll move now to the second panel. >> thank you, chairman corker. >>> we'll now turn to our second panel and we have a very distin

under any excuse do seriously violate the one china principle and regulations of the three joint communiqué xp between china and the us it interferes in china'sinternal affairs and inflict adverse impacts on china u.s. relations we are to the u.s. to honor its commitment on the taiwan issue and correct wrongdoings so as to avoid harming china u.s. ties and peace and stability in the taiwan strait obviously taiwan is a key issue for china china sees the island as a part of its territory while the taiwan government views itself as independent of mainland china's even though its actions don't necessarily reflect its stance the u.s. officially does not support taiwan's independence in many international circles taiwan is known as chinese taipei the name is widely used in sporting events like the olympics and that major global organizations such as the world bank the international monetary fund and apac in fact most of the countries of the world and the united nations recognized one china that said china is now demanding that international businesses respect the view as well at least a dozen u.s. and other western brands and companies have been to

china really. well force some restrictions on the chinese but also into terminal european side of course the restrictions in china especially with regards to foreign direct investments from germany to china or also for business of german companies in china however having said that things are moving in the right direction as already mentioned china is the largest rate pop now of germany we have a lot of companies german companies making business good money in china also would suggest strong german interest to continue in the sway of course china should open up more the industry as well while the german exports to the united states has dropped recently could stronger trade alliance between europe and china compensate for the losses incurred by trans america policy. to some but not overall seeing because it is a specific export of imports between the united states and germany and disk can be not compensated by china especially with sweets regards to machinery but also to digital services and so forth and so forth we have a different trading flow flow between truman in china so only partly so at looking at this this forum that is taking place today and also looking at germany's industry for

at the same time it's announcing higher prices in china so does that mean they're likely to go around the u.s. to produce even cheaper in china. and china made it official on tuesday that they will start a new factoring cars in china probably in about two years and i'm quite sure that those plans have been in the making a way before this trade war if i may call it. already started to china is the second biggest market for tesla behind the u.s. so in that respect it makes sense to make sure you produce cars within china and the stock of tesla traded to the upside by a good percent and what makes the steel especially important is for the very first time a foreign car maker is allowed to manufacture cars in china without chinese partner . and yes why is it then that lot could seem to be so far at least unaffected by the ongoing terrorist battle. well investors on wall street seem to be tired was all those trade talks and actually not that much is happening at this point at least not that much news so investors on wall street are rather focusing on the upcoming earnings season that will really kick off on friday when the first big u.s. of b

china china does stand to lose a good portion of their heavily reliant export market with many consumer goods assembled and reshipped out of china. to the u.s. so the terrorists will actually hurt the u.s. more when it when china poses on those price hikes. in singapore for us thank you german from a set of goals and technology company map because stepping up its presence in china the company has signed deals with ali baba health open deck technology center in shanghai and is adding a university in shanghai to its global network of genome editing research and that will open a two hundred fifty million euro factory in tong next year all these moves mark the company's three hundred fiftieth anniversary this year. it all started here with a pharmacy in dom start that humble shop grew into what's now the oldest farmer company in the world and three hundred fifty years later still run by the founding merck family but now the company as a global player. now has annual sales of more than fifteen billion euros last year's profit was two point six billion and they employ around fifty two thousand people the company now has several divisi

china changing its way. ——i be. europe, eye china changing its way. --i be. chinaeally anticipated a swift change from the us and therefore it has to open up and look at it at the end of the day. thank you for coming in and sharing your expertise. we will keep you informed on how the summit goes. later today british prime minister theresa may is expected to promise extra investment for the aerospace industry. at the farnborough airshow she's expected to offer almost $400 million for several projects, including researching more environmentally friendly aircraft. the event in the south of england is the biggest air show of the year as theo leggett reports. it's the biggest international airshow of the year and it's where you will find some of the world's largest aircraft. this week, around 100,000 visitors from 100 different countries will flock to farnborough airfield in southern england. the british government will use the show to explain its strategy for the aerospace industry after britain leaves the european union. that includes its plans for a new fighter aircr

china. the u.s. imposed tariffs on china and china is retaliatinre. . the luxus high performance line. t your lexus dealer. on the only bed that adjusts on both sides to your ideal comfort your sleep number setting. and snoring? does your bed do that? don't miss the 4th of july specials, with the last chance for final closeout savings on the queen c2 mattress. now only $599, save $300. it's the lowest price ever. ends sunday. visit sleepnumber.com for a store near you. you always get the lowest price on our rooms, guaranteed?m let's get someone to say it with a really low voice. carl? lowest price guaranteed. what about the world's lowest limbo stick? how low can you go? nice one, carl. hey i've got an idea. just say, badda book. badda boom. badda book. badda boom. nice. always the lowest price, guaranteed. book now at choicehotels.com >>> good morning, welcome to your "new day." tariffs of $34 billion worth of chinese goods, china hit back with tariffs on u.s. goods starting the biggest trade war in u.s. history. u.s. farmers and manufacturers on high alert this morning. what are the c

china. is this a hard sta nce are treated in china. is this a hard stance that will see results eventually, do you think? europe and japan have endorsed this position and chinaushed back against it. however china would much prefer would europe has been doing as in going to the wto, preserving the multilateral framework, not resorting to bilateral shocks and spouts. that is what china is trying to preserved. china is trying to preserve that and europe has been playing again for a while, but some say it does not get results. that certainly is donald trump's position. i believe from the administration they are floating the view that maybe the us should exit the wto. is this a negotiating ploy? but this is where china and the allies should push back and tried to dismantle that. in terms of global growth, there are a lot of people who are very die and good about the impact of this will have lachie weller trade organisation, the rob bagg, the imf — your thoughts? —— like the world trade organization, the world bank. if you look at the growth forecast for next year, we will not anywhere near that if we have a full—blown trade war. will not anywhere near that if we

china. jason: they $1 billion hack at the center of it all. carol: we have more from our reporter. of thetinto is one world's largest mining companies, and its biggest customer is china. we are talking about vast quantities of raw material, hundreds of millions of tons of fromore being shipped up australia to chinaeres back in billions of dollars. the stakes were very high for both sides. tensions began to rise, and rio tinto found itself in serious trouble in china. the story,ou say in relationships were good, then all of a sudden it wasn't good. what happened? kit: there were several pressure points, but the main pressure point was by a historical quirk, rio tinto was selling iron ore to china at an annual benchmark price. the price has stayed the same for a year. but during that time, it was a booming time for the chinese steel industry. the actual market price rose steadily and dramatically throughout the period. selling large quiet at ease of iron ore below-market prices. it was helping the chinese industry make a profit. when rio tinto wanted to move away from that system, people in the chinese deal industry realized that would cost them a lot of money. carol: a big element of your story is when things started to go wrong, it involved spying by chinese authorities. tinton about 2008, rio b

under any excuse do seriously violate the one china principle and regulations of the three joint communiqué xp between china and the us it interferes in china'sinternal affairs and inflict adverse impacts on china u.s. relations we urge the u.s. to honor its commitment on the taiwan issue and correct wrongdoings so as to avoid harming china u.s. ties and peace and stability in the taiwan strait obviously taiwan is a key issue for china china sees the island as a part of its territory while the taiwan government views itself as independent of mainland china it's even though its actions don't necessarily reflect its stance the u.s. officially does not support taiwan's independence in many international circles taiwan is known as chinese taipei the name is widely used in sporting events like the olympics and that major global organizations such as the world bank the international monetary fund and apac in fact most of the country.

founding director of the china africa advisory i think that china is currently increasing activity is in africa why are they so interested in the continent yes carol you're right china is increasing its interest in africa it's it's nothing new actually we know that china has been quite active starting in the year two thousand with the foundation of the folks at meeting the forum in china africa collaboration in beijing at that time and since then no we are turning to the eighteenth year we see that china is china's interest is not only in natural resources many people believe but it's also that china sees a tremendous opportunity in africa in developing new markets and there are a lot being there they must charge asian of african countries and this is visible in chinese actions for example the countries that president xi jinping visited on his tour this time were not resource rich countries such as rwanda or senegal or more riches but they are playing a tremendous important tremendously important role in in you know in bringing forward africa's in the thirty's ation and china has understood to use that as china is not the only not the only country and since i've und

it's up to china. china needs to stop the practices and i think we are close to getting an agreement with mexico and canada. as you know they finally acknowledged the class of a mouth keeping our dairy products out isn't a free-trade efforts like nafta. >> so in the short term the president has made your job harder. >> it's probably more challenging. [laughter] >> you were just out in alabama, or know another of our guests was held in alabama, but you have just been out traveling the northwest. as you were out there what did you hear about tax reform? let's talk about the effect on small farms and mega- farms. >> doethose i think are benefitg anyone who pays taxes and farmers as i said or businesses that pay taxes that sustainability is profitability and any time the other thing they really like obviously is the expenditure and appreciation they can write off this equipment. the fixed cost has grown astronomically over the last many years and it's a good habit to be able to depreciate that. the other thing o

china. does he have leverage with china at least for a. of time? >> i think that is a very good question. as we went into all of this a number of officials predicted that chinaot retaliate at all because china is very dependent on the u.s. economy. china is not that dependent on the u.s. economy. make up about 3% of their economy. in that sense i don't see either side having that much leverage. you make a good point that the u.s. economy is accelerating because of the physical desk fiscal stimulus. they are tightening their monetary conditions. it is a problem for china. their stock market is down 23% this year. primarily because of their campaign but then you have to trade war on top of that. the chinese economy is in a more vulnerable spot but the officials there are confident that they can manage the downside risks. if their growth slows down toward 6% that is still very good performance. i don't think the leverage that the u.s. has is that great. back of the u.s. economy is doing well, that could make the u.s. holdout during 2018 through the midterm elections but there will not be a lot of pressure on the administration to change quickly. >> thank you fo

it's china china is a very big contributor to one says government in the same time woods and is trying to get the us to withdraw all aid so what is that happening it seems like the. government sector is at risk with these bold moves because it's also a third on the cambodian economy and now the prospect of punitive sanctions from other countries. that's right and as you mentioned the e.u. has said today legation to evaluate the whole duty free arrangements the us has told us and that didn't need to very positive result the us has also in polish human rights abuse ascensions on cambodia as well but it doesn't all this don't seem to blow the whole incident in the least what will could a one party cambodia still hold up under sanctions. the election narrative right now is directed at the garment factory workers who have been promised better wages for example of better working conditions but this is and this demonstrates while this is a threat to the industry this also demonstrates that the bottom line not democracy is the gov can body government's priority let's also not forget that the g

china. if china slaps growing tariffs on the u.s. for selling iphones in china, that could be bad for apple in the region. there has to be decisions to be made. apple cannot get away from not being a company affected by u.s. tariffs and not be an affected by china's tariffs. they will be affected from one side or another. it is to be seen which side, if either. emily: we saw tesla working towards opening a plant in china. this has been going on for a while, but it certainly goes against trump's direction here. so what are other solutions for these companies? mark: more solutions are to have homegrown manufacturing of different components. building cobalt in the united states. if you look at apple, building devices in the united states, bringing up metals and other technologies in the united states. but that also has an effect on consumers as well. because as we know, products developed in the united states, anything with a made in the usa stamp on it are traditionally more expensive because the labor costs in the u.s. are far higher than they are in china. emily

china. china is in control. we're never going to know the real story we're going to see numbers come out, a face that they're going to put on that continues to be a reality. as far as the information and the numbers coming from chinado i believe them week to week >> that's something we've heard for years. >> supporting dan on this, and saying, they have the upper hand for it. >> when it comes to the illusion they put out there >> right now, the markets are comfortable over the weekend that we didn't get any sort of rhetoric around trade whatsoever the comfort is around the fact that trump isn't going to impose he's crazy outlandish tariffs that he's threatening too. >> why do you say that >> think about tpp, think about iran, think about immigration, think about health care, what they want to do. they've followed through on all of this stuff. >> once the economy takes a hit in growth. starts to slow down that's when -- >> there's a foot in the trade war. >> we basically have an administration that's benchmarked on the s&p 500 >> if you want to make an argument we saw, reacceleration of risk, aggression or whatever you want to call this. that's where this started, and what's the reason for it >> you have fed out of

china. earlier in your testimony, you said you have frequent conversations with china. is china going to reinstitute the ban on importing oil, iranian oil to china? >> much they're the largest single purchaser of iranian oil right now. have they agreed to join our sanctions? >> again, i think it would be inappropriate for me to comment on the-- >> i think it would be entirely appropriate. it's the ball game right here. it's the largest single purchaser of iranian oil is not part of this deal, then that-- those sanctions are meaningless. >> what i was going to say, i think it would be inappropriate for me to comment on specifics of a conversation, but what i will tell you, it is our intent to enforce sanctions on iran-related oil against everybody, including china. >> right, and so we're in the middle of a trade war with china. i'm asking you whether they're going to join us. >> again, we intend to enforce sanctions on them, on russia, on europe, and others against iranian oil. >> wait a minute, the sanctions against iran is going to raise the value of russian oil, so, by withdra

china every year china's imports of the being from brazil surged to a record high in may also beijing is waiving tiresome soybeans from india and south korea the measures aimed at mitigating the effects of tariffs imposed by china on u.s. soil be imports sell for response to trump's trade tightening policy. and china has been building the new silk road the so-called one belt one road project for five years now billions of euros are being invested in an infrastructure worldwide in order to expand trade routes for the boosting the economy in china the new silk road will also go through the french port city of ma say it's looking to raise its profile on international markets. this investor is hoping the new myth sixty eight transshipment center for fashion will become a permanent hub on the new silk road a sea route for goods from northern china that leads through the suez canal to mar say. this is a real opportunity to become a hub for trade with china will be offering a wide range of products here starting with fashion and then other goods for instance from the tech sector i think in the time when i think it was so far about ninety mainly chinese traders have set up shop here. the next phase will see many new bu

it is up to china. china needs to stop the practices that have been anticompetitive and protection is for many years. i think we are close to getting an agreement with mexico and canada. as you know canada is finally acknowledged in their class keeping our dairy products out of canada. it is not a free-trade effort like nafta. >>> in the short term, the president has made your job harder? >>> it is more challenging. >>> you were just in alabama. i'm sorry not alabama. but you have just been traveling much of the northwest. what do you hear about tax reform ? let's talk about the effect on small farms and mega farms. >>> both are benefiting. anyone whose pays -- who pays taxes they benefit any time this profitability is responsibility, anytime this profitability, it's obviously the expenditure and the appreciation they can write off on equipment and the fixed cost of farming has grown economically in the last years and it's a good habit to be able to depreciate that. the other thing is there are changes in the

china would be recognised as a"market economy" by 2016. but that has not happened. our chief analyst explains why the us and the eu have blocked granting the chinese economy that status. although china has already done progress in a number of areas to reform and open up its economy, it is still lagging behind, especially on the intellectual property rights area, where chinaeen enforcing the laws in place completely. that doesn't really deserve a market economy status. but on the flip side, does china really wa nt to on the flip side, does china really want to be recognised as a market economy? because with the developing status, they could still implement protectionist policies. exactly. that's why the government has never called itself a market economy, at least not fully, so it still wants some room to do the planning and they also announced five—year plans and so on, that's not really a market economy. we're seeing them now opening up little by little, albeit really very slowly. now you have elon musk‘s tesla setting up a manufacturing facility in china without a foreign partner. yes, that's the first. that's very encouraging for other foreign companies potentially to enter china. given the trade war that's going on between the us and china, american companies will in the future have more incentive to do so the future have more incentive to do so and

china a boost a more dominant position these of the america and the rest of the west. who in the short term i don't see to strengthen the china africa relation would have a big impact on the china u.s. relations and in fact this is a critical moment for china to strengthen its relation with africa with europe in the backdrop of this escalated trade war with the u.s. but overall in terms of trading partners in terms of global influence the u.s. is not replaceable but at this point it is actually pretty sensitive point for xi jinping to visit africa since the vote on the road initiative is the president she's a legacy and africa is playing a key role in it and as she tries this time to visit is also at a very critical sensitive political moment domestically because in about one week the bit i heard meeting which is a top secretive closed door meeting in china the coming year agenda with all of the important chinese politicians together right so if she has any doubt over the domestic political stability who wouldn't have gone for this long tor in africa let me ask you about that the choices the countries each owes to visit at first look at wanda in senegal appear to be unusual cho

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china." he just put "war." so the u.s. and china have about $34 billion on each others products. the u.s. placed tariffs on products from china. china placed about 550 u.s. products under tariffs. here's the former prices for strawberries and lobsters. the current ones and what chinese people have to pay. they could get them for $2.69 a pound. now $3.36 a pound. so perishables, consumables a big part of what china is in essence taxing. the auto industry in the cross hairs. china put a 25% levy on u.s. made cars. the trick is that the supply chain for autos is so interconnected, so international. for example, germany's luxury automaker bmw has a huge manufacturing plant in south carolina. bmw's head quarters is in germany. so much manufacturing is done here in the u.s. bmw says with china's tariff, they can unable to completely absorb the chinese models. they'll have to raise prices on the ones put together in the u.s. ford putting out a statement as well saying for the moment, it's not going to be hiking prices. ford's lincoln models are popular in china. it seems that ford will eat the difference for the moment. automakers a

china. china lng demand is voracious. desperate to limit air pollution, chinao the world's biggest importer by next year. demand will climb 37% over the next five years. right now, china buys the most lng from australia. the risk for woodside is this changes. china can buy u.s. lng for as little as $5.50. plusost of henry have, liquid location and transportation. does woodside need to get more price competitive defend of the u.s., or is there room for everyone to play in the big lng demand pool? alix: i recently caught up with the ceo, who said he likes u.s. competition. >> you are seeing fundamentally different investment models. that is good for buyers and it is also good for sellers. it means new sellers can get into the marketplace when theyc. >> you are seeing fundamentally could not get in there five or 10 years ago. you only had one way of getting into the market. the u.s. is becoming more be utility model with respect to returns that those gas liquefiers are actually getting overseas. what used to be a big barrier to entry has now gone away. anybody who