paul: robert horvat -- robert hormats will be sticking with us.e have more on foreign relations with the biden administration. this is bloomberg. ♪ paul: one of the most contentious issues during the trump in ministration has been his relationship with china from tariffs, sanctions, and strained trade talks. that relationship will now fall to joe biden. .e are joined by robert hormats he is currently the managing director at tiedemann advisors. how will the biden administration differ from a trump administration? isert: i think what it means andhould not look at china all aspects of it as confrontational. the notion seems to be a negative sum game in china. whereas i think there are areas where we can work together. health care for instance and environment among other things. is wek the broader issue need a long-term strategy towards china. i worked for dr. kissinger in the early 1970's. he set out as the chinese bid to develop a long-term strategy for normalizing relations. i think we have to move from a transactional approach to some idea of whe