host: elizabeth williamson. guest: the caller points out that this is a whole basket of issues the united states has with china. 1.4 ilion people. the state is under pressure to try to deliver its own ways to make its goods competitive. we have a lot of issues with china. intellectual property theft is another issue we are negotiating with china on. our government considers it progress that of the software used by the chinese government, 90% of it is pirated from u.s. companies. that's down from 100%. that's seen as progress. currency is the tip of the iceberg. host: we have another tweet. is that true? guest: china has many more means for doing this. they are able to pull all the levers in a way that a free market economy is not. host: back to the phones. texas on the line for democrats. you are on the "washington journal." go ahead. robert, are you there? you are talking with me now. do you have a question or a comment for elizabeth williamson of "the wall street journal"? caller: i don't think americans have

thanks. >> host: elizabeth williamson? >> guest: off the top of my head here a little bit, but obviously manufactured goods, steel, and then electronics will be the industries most heard. they divide. the steel industry supports this kind of legislation. they feel china is hurting them by undervaluing the currency. in raw materials because you don't have value added, you see it in a very stark way, but in some of the other industry, they have other fish to fry. the electronics industry is concerned about intellectual property. they want to go after that. if we engage in a trade war with china, what you might ultimately get is nothing on the ip front and then you just fight on tariffs and currency and not address the issue of intelligent comiewl property theft. >> host: our president and agreement under the obama administration were favorable provisions for u.s. auto makers over there. whether that results in more sales or a surge in popularity remains to be seen because korean consumers really do prefer korean cars and the

on today's "washington journal" we are joined by elizabeth williamson to talk about the bill. and then a discussion on the winter energy outlook. our guests are from the energy information committee. "washington journal" each morning at 7:00 eastern here on c-span. [applause] >> the white house held a state dinner last night for the south korean president who is visiting the u.s. this week. the two leaders took to the relationship the two countries share and the trade deal that was ratified wednesday by the senate hours before the south korean president arrived in washington. this is 22 minutes. >> i want to acknowledge two guests in particular, another son of korea dedicated to peace and security, the secretary general ban ki-moon is here. [applause] and our first career in american ambassador to the republic of korea, confirmed by the senate today, ambassador sun kim. [applause] >> [speaking korean] >> i will be very brief tonight because president lee has had a very full day [laughter] as well as extended meetings and press conferences, the state department bankrupt, and an

host: elizabeth williamson. guest: the caller points out that this is a whole basket of issues the united states has with china. 1.4 ilion people. the state is under pressure to try to deliver its own ways to make its goods competitive. we have a lot of issues with china. intellectual property theft is another issue we are negotiating with china on. our government considers it progress that of the software used by the chinese government, 90% of it is pirated from u.s. companies. that's down from 100%. that's seen as progress. currency is the tip of the iceberg. host: we have another tweet. is that true? guest: china has many more means for doing this. they are able to pull all the levers in a way that a free market economy is not. host: back to the phones. texas on the line for democrats. you are on the "washington journal." go ahead. robert, are you there? you are talking with me now. do you have a question or a comment for elizabeth williamson of "the wall street journal"? caller: i don't think americans have

host: elizabeth williamson.uest: the caller points out that this is a whole basket of issues the united states has with china. 1.4 ilion people. the state is under pressure to try to deliver its own ways to make its goods competitive. we have a lot of issues with china. intellectual property theft is another issue we are negotiating with china on. our government considers it progress that of the software used by the chinese government, 90% of it is pirated from u.s. companies. that's down from 100%. that's seen as progress. currency is the tip of the iceberg. host: we have another tweet. is that true? guest: china has many more means for doing this. they are able to pull all the levers in a way that a free market economy is not. host: back to the phones. texas on the line for democrats. you are on the "washington journal." go ahead. robert, are you there? you are talking with me now. do you have a question or a comment for elizabeth williamson of "the wall street journal"? caller: i don't think americans have to

host: elizabeth williamson, your response? guest: construction market is huge. we talked about the need for raw materials and the fact we sell a tremendous amount of raw materials to china, as did many of our allies. on the fact that china is the arbiter, that really touches on what is the sensitivity here. the administration knows and the chinese government makes this point when they see that government, that if we go over there and start preaching to them about their currency, it will not fly with her own public any more than if they were to come to us and say we are your bankers. you have got to fix this and this and this at your account, and you need to adjust the way you sell your products . you can imagine that cry in the united states if they would come here and do that. there is this dance that goes on to try to get with the united states wants and needs from them, and vice versa. host: earlier this week to harry reid was talking about unfair currency manipulation by china and its impact on jobs in the united states. this is what he had to say. >> it is