tradeget a look at the tensions by bringing in bloomberg washington reporter greg sullivan. , presidentas decided on a less confrontational approach. 'what exactly is the administration's approach and is there consensus? greg: the white house announced what is seen as a less confrontational approach to china. aey are going to utilize committee that scrutinizes investment into u.s. companies that could be a potential u.s. national security threat. was a less confrontational move them what was originally reported which was the use of an emergency law. course, the trade watchers seem to be a little more in a itotiating stance here, but is unclear whether trump himself is softening his approach as he is said to still be focused on china. the white house has before accused china of ip theft and technology theft, but they did not single out china in this statement. there are two bills going through committee and those would expand the committee's role so that seems to be the approach. win for more free trade dove members of the administration? greg: it does seem to be there position winning o

yvonne: joining us is washington reporter greg sullivan. seems like ross is really doubling down on this right now. is there a delight in the white divide inhere is a the white house about how to proceed? greg: what we are hearing from ross himself is a very tough rhetoric on china trade policies. some in the white house see this as a moment to follow through with tariffs and seek structural changes within china's trade policies. others do not feel that way. we have seen silence from steven mnuchin amid the tariff spat. some seek to engage with the chinese to avoid a tit-for-tat tariff escalation. definitely a divide in the white house. greg: there's -- ramy: there seems to be a glimmer of hope, according to these reports. greg: we have heard reports that some in the white house are seeking to engage the chinese, particularly high-level talks with the vice president of china, but the timeline is short. effect are set to take july 6, two weeks. there is a divide in the white house. those wanting to work with china have their hardliner opponen

let's get the latest on the trade tensions and bring in washington reporter greg sullivan area we heardrom president trump. he decided on a less confrontational approach to china's investments in sensitive technology. dialing back a little bit, but what is the position now? greg: the administration announced they will be seeking orcurb chinese investment investment from foreign companies but using a committee that scrutinizes foreign companies' investment in the united states for national security risks. administration invoking a national law that was earlier reported to be on the table. instead they would use this committee. simultaneously congress has a couple bills working through the legislature to expand the role reform thosend committees. the administration hoping to use that. one other point to note is while the administration has accused china of intellectual property theft and theft of technology, they did not single out china in the announcement of the plan to move forward. yvonne: president trump keeps saying president xi is his good friend and he wants to work this out. is i

let's get to greg sullivan. he's watching the set of d.c. for us. this was one of the key sticking point in avoiding a trade war between the u.s. and china. what are the two sides getting out of this? greg: as you mentioned, the u.s. is getting a substantial fine on theircause of infractions. they're also getting a change in the board and a u.s.-based compliance team with the company. china is getting one of their strategic companies in a strategic sector being allowed to operate. this was a key demand for china for trade negotiations to keep going forward. president xi jinping made a personal plea to trump to help out on this company. they are getting a key demand met in the ongoing broader trade .egotiations the u.s. could see the approval of a qualcomm merger, which they have been seeking. there is a lot at play, both sides getting something they are seeking. the president, already seeing a backlash on this. we saw president chuck schumer tweeting this out saying, when it comes to china, despite his tough talk, this deal with z proveste the presi

it's unclear if that's enough for the trump administration. , oure: greg sullivan washington supporteroining us from bc -- from d.c. elon musk keeping the directors in the chairman role. investors will look at improved outlooks for model three production. more on that, next. this is bloomberg. ♪ is is bloomberg. ♪ ramy: we've got some breaking news on facebook. after all that has been happening with privacy issues, facebook has revealed it has data partnership -- it has had data partnerships with four chinese companies. a facebook spokeswoman confirmed with bloomberg that there is a relationship with chinese firms. off of that, we are seeing facebook shares down .3% after hours. facebook says it had partnerships with four chinese companies. yvonne: after what we heard from the new york times, the same partnerships with the likes of apple in samsung. let's bring in -- talk more about tesla. require anto independent chairman and approving the reelection of three directors. shareholders cited with the board's recommendations on all agenda items including keeping elon musk as ceo and chair