this.ing this is isaac stone fish.i think a lot of times, countries or representatives will say that we could expect beijing to act this way or expect china to have this positive change. it is a combination of wishful thinking and recognizing that. if they present it that way, it will be more effective in criticizing china. ramy: why would they want to? it is stacked in their favor. they used the system over the past several decades or so to try to get to where they are. successfula has been in maintaining a protectionist economy. even though a lot of european trump,is distracted at there is a lot of questions in the eu and major economies in the eu that china is not providing a level playing. -- playing the old. -- playing field. really place heavy emphasis on opening up in china. beijing as theng new world later for open trade and global liberalism, is that largely rhetoric? is there any incentive or desire to make good on that statement? not -- i think china is a liberal nation, politically it is still a leninist sy

in washington, we have isaac stone fish. how big of a blow is this? isaac: they had banked a lot of its future on a merger with nxp, and now that it is not happening, there will be questions long-term about what the future of qualcomm is. and, how it will be able to grow. it did cushion the blow today with the stock buyback announcement, but that probably will only give a temporary boost to the stock until we get a little more clarity from management on what they can do. as far as nxp, it is murky on what options they have. in less some of the rhetoric on the u.s. side between the u.s. and china changes, in the next few months, i think both companies will have to go on sort of a solo path if you will. emily: nxp has a tough job ahead convincing investors it is an independent company and has a strong future in doing so. the ceo of qualcomm said they had to move on. there were probably bigger forces at play than just us and we are still big fans of the deal. chinese regulators as far as bloomberg has been reporting on track to approve the deal, but did n

emily: thanks to bloomberg's romaine bostick and isaac stone fish.trade dominated headlines as the world reacts to president trump's tears. on tuesday, he tweeted tariffs are the greatest. either a country negotiates a fair deal or gets hit with tariffs. and everybody is talking, remember, we are the piggy bank that is being robbed. but not everybody agrees with the president. association with the said of qualcomm and intel they are undermining technological leadership, costing jobs, and adversely impacting u.s. consumers. we broke it all down with our chief content officer and visiting san francisco from tokyo, bloomberg's asia tech editor. >> the technology industry is nervous about this. the supply chain for tech stretches between the united states and china. they are nervous that if this trade war gets out of control, it will cost them business here it could raise prices and cause other disruptions to the supply chain. meantime, we have got new news the trump administration from theshield farmers impact of this trade war. course, we can assume fa

emily: thanks to bloomberg's romaine bostick and isaac stone fish of the asia society.l trade dominated headlines as the world reacts to president trump's tariffs. on tuesday, he tweeted tariffs are the greatest. either a country that has treated the united states unfairly negotiates a fair deal or gets hit with tariffs. simple as that. and everybody is talking, remember, we are the piggy bank that is being robbed. all will be great. but not everybody agrees with the president including the semiconductor industry. sia in association with the likes of qualcomm and intel said -- submitted comments to the trade hearing tuesday that tariffs are undermining u.s. technological leadership, costing jobs, and adversely impacting u.s. consumers of semiconductor products and the u.s. semiconductor producers. we broke it all down with our chief content officer and visiting san francisco from tokyo, bloomberg's asia tech managing editor. >> the technology industry is nervous about this because the supply chain from tech stretches between the united states and china in particular. es