in cable news cnn and fox news mentioned the tpp only two times. here on the ed show have discussed the trade agreement on 71 broadcasts. i guess today is 72. we talk about the tpp because it directly affects middle-class jobs. that's what we want in the country. jobs can be outsourced. you can count on it. it's a bad deal. americans need to be aware of this. you need to get in touch with your representative and say wait a minute this is a sovereignty issue. this is a job issue. why in the world would you sign onto something i know damn well you haven't read. ask yourself the question. would you sign a legal document that if affected you personally without reading it? do you know an attorney that would tell you to hey, go ahead. i know you haven't read it. but go ahead and sign it. does it make sense? unfortunately it looks like the tpp will pass with very little or zero debate. last month, there's u.s. trade said it could be wrapped up on wednesday. the trade minister said an agreement could be reacheded in weeks. this trade deal will cover -- lis

he laid out the case for the tpp after that sound byte. the united states is working hard to make this trade deal fair. >> my argument is twofold. number one, precisely because that horse is out of the barn the issue we're trying to deal with now is can we make for a higher bar on labor, on environmental standards, et cetera in that region and write a set of rules that are fairer because right now it's not fair. if you want to improve it that means we need a new trade regime. the old one isn't working for us. the second reason it is important is because the same countries we're negotiating with are the same countries that china is negotiating with. china could write the rules of trade. it means that we will be cut out. >> wait a second. if you're the biggest customer in the world, who is going to want to cut you out? it seems like we're not swinging a big enough stick here. we're the united states of america. we are the biggest customer. we have the best economy and yet we're dancing to somebody else's music. i don't get it. the president

have resumed their part of tpp talks on farm products in washington. they're discussing reducing japanese tariffs on u.s. beef, pork, and rice. the japanese side is seeking a safeguard measure for the meat allowing them to raise tariffs temporarily if imports surge. now they also talked about u.s. demands to expand its rice exports to japan. japan's minister in charge of the tpp talks says he wants to accelerate the bilateral negotiations. akira amari said talks among all 12 participating countries cannot move ahead until japan and the u.s. resolve their differences. >> translator: i think we should hold another round of ministerial level talks as early as next month. >> u.s. trade representative michael froman has stressed that negotiators involved in the tpp talks are making good progress. >> the final tpp agreement coming in to focus, and strong expressions of bipartisan support for increasing made in america exports is looking like some of that excitement will be in the area of trade policy. >> froman indicated he will urge u.s. lawmakers to pass n

promotion authority. >> what's tpp? >> bad trade agreements are one of the reasons why the american middle class is disappearing. >> this is our moment to stop fast track and the outsourcing of millions of more jobs in this country. >>> keystone isn't the only controversial issue on the map. >> it could waive my development rights. they're taking away my farming rights. >> we will be refining the route. >> we don't need more pipelines. we need to figure out another way to live. >>> plus the search for life on another planet continues while a science great has a dire warning about our own. >> can there be life elsewhere? >> an ocean that exists beneath the icy shelf of jupiter's moon europa. >>> good to have you with us tonight, folks. moments ago president obama vetoed the keystone xl pipeline bill. the president releasing a statement moments ago saying that because of the act of congress conflicts with established executive branch procedures and cuts short thorough consideration of issues, it has earned my veto. this i

the tpp is far greater than any trade deal we have done.being modelled after the korea agreement, but it is a microcosm of the big deal on the horizon, whether it is nafta, chorus, or giving china preferred nation trading status. trade deals have killed the middle class in this country. there's no reason we should be putting our economic recovery and progress at risk in a trade deal. this is some serious dice being rolled. for more let me bring in the director of public citizen global trade watch and all with us tonight, the president for alliance of american manufacturing. great to have both of you with us tonight. this is good news for the american economy today. would the tpp put this at risk and who would feel the pinch first? >> here's this great news and then in the face of that there's a push for a trade agreement that we know would make it easier for big corporations to offshore our jobs and throw americans in competition with workers in vietnam who would push down our wages in competition with their 50 cents an hour wages. it is no

tell us about currency and its relationship in your view to tpp and tpa. when i say tpp i mean both. >> senator may i respond to speak with this. you get the last word. my time is up. >> i'm asking the chairman if i can take a couple of minutes. senator schumer, let me start by strongly agreeing with you that if countries do things do anything in the way that is designed to gain unfair advantage in trade it is wrong and we oppose it. we don't just oppose it. we take very strong action in international bodies, g7, g20 and the imf. and most important i'm utterly. i can tell you when i meet bilaterally with countries where there's any question, it is the number one topic that we raise. when we push back, there is a response. i think we been quite successful pushing back on even the hint of interventions that have those characteristics in the time that we have been here. i think the challenge in the context of a trade agreement is how to address the issue in a way that helps and doesn't hurt. i would be concerned that the effectiveness we have the link to the

i don't think the tpp is the way to go. i have always been against the tpp and always for american workers. there are other methods and other ways we can do this. this is a flawed trade agreement. to muddy it up with national security, i think is a mistake. appreciate your time. >> good to be here. >> have we done as much as we can do when it comes to a strategy with isis at this point? i mean i think today that this summit at the white house and this speech was the president really putting the icing on the cake of what kind of strategy he wants. he wants turkey involved, the iraqis iraqis, the jordanians, the egyptians. all culminating to work against these extremists that are isis and also their recruiting methods. this was a big speech today by the president, and i think it played really into his strategy. have we gone as far as we can go on isis and what we're doing? is this it? >> i think at this point we probably have, especially since what the president said i think is very circumspect with regard to how he wants to

and japan, are negotiating the tpp.he report notes that the asia pacific region's growing middle class is an important market for expanding u.s. exports. it says comprehensive trade agreements like the tpp offer the u.s. a way to shape the rules of globalization in the bestnterests of american workers and firms. the report warns that failure to secure a tpp agreement will allow other countries to set global trade rules that would likely be adverse to u.s. interests. >>> china's lenovo the world's largest pcmaker, has admitted shipping laptops preinstalled with controversial software. cybersecurity experts say the software could make information on laptops vulnerable to hackers. officials at lenovo group say that between september and december last year the firm shipped worldwide more than 40 models equipped with the software called super phish. the ad ware style software sends information about products browsed online so a company that analyzes it and sends back advertisements for other products. lenovo officials say th

nurses united voiced their opposition to fast tracking tpp on capitol hill today.he health workers say it threatens access to medicine and wages. the momentum is definitely spreading on the sfat floor. senate floor. >> these agreements are loaded with corporate handouts that weaken our nation's ability to chart its own course. the last thing we need mr. president, is another nafta. >> the alfcio came out stronger than ever. he made a simple statement about what fast tracking tpp means for americans. >> lost jobs and lower wages. that's it. # # # # #. >> labor leaders joined together in atlanta over the past few days. leaders discussed fighting the wave of big money coming into the election and the right to work legislation in states especially in wisconsin. the push for union busting measures is moving at a lightning speed. wisconsin republicans cut short a public hearing on right to work yesterday. and we're concerned about protests from labor supporters. >> we got wind of threats being made to disrupt the hearings. it was a different crowd of people coming to the

that's not been addressed in the tpp negotiations. he directed questions to you and that's the reason i raised it first and foremost. you have discussed my main concern as been about china. the other concern is down the road. that's great concern on currency manipulation. just in terms of data i want to ask you maybe two questions about this. just as it manipulates to japan, the economic policy institute found that currency manipulation is main driver in the deficit for japan and this displaced 896,000 jobs nationwide in 2013 including 40,100 jobs in pennsylvania. it's a broader measure of trade deficit. it's very frustrating. i think currency manipulation is both unfair and very damaging. it would be, it's a double insult if it isn't raised. i want to get your response to that. >> we do push back. the current international force. even more importantly bilaterally. i think the study on japan is not entirely accurate. there is no evidence that in the last several years japan has intervened in a way that would meet the standard that you

because tpp is -- you should see tpp as almost a bullwork against china.is a regional trade agreement where we're going to set standards on how we trade and across a whole array of industries. there's a reason china's not in this agreement. it's all the other pacific rim countries who are going to be part of this agreement. >> scott, how do you respond to that? >> look. i think tony's right that this sets the foundation for what's going to happen in the future. i disagree on what should be in the agreement. if we're going to have a 21st century trade agreement, we need currency in it. >> wait a second. what about his idea that the is is laid out so the united states can decide whether your currency will -- >> that's not the way it works at all. >> how does it work right now? >> we're party to the to the imf. there are procedures in place. same with the wto. so it would be inconsistent for an agreement as large as the tpp to not include some currency disciplines. >> who would decide the currency disciplines? by the wto? by the imf? >> it's the same set of c

and all issues on trafficking and the countries were negotiating with the tpp. but the question i want to ask you about is the summit of the americas that was taking place enable. president obama plans to produce a. there's a lot happening in our industry. one of the initiatives that is included in the president's budget is 1 billion those of a to three central american countries to try to deal with the crisis that we experienced last year with the unaccompanied children to you have seen the lob i think most of us don't that the conditions are still there and we're likely to see a rise of matters on our border as to whether it gets changes to my question to you is that we can't just continue to layer aid programs but we need to make sure that our aid programs will do our effective. and in conversations with some of the leaders in our hemisphere, they hope to use the summit of the americas as the deal with the opportunity challenges in the region so that the people of our hemisphere have hope in their own countries for economic growth. can you just share with us

tell us about currency and the relation, in your view, to tpp. >> senator, may i respond? >> yes, you get the last word. >> i'm asking the chairman of i can take a couple minutes. senator, let me start by strongly agreeing with you that if countries do things to intervene in a way that is designed to gain unfair advantage in trade, it is wrong and we oppose it. we do not just oppose it, we take very strong action. i can tell you that when i meet bilaterally with countries whether there is any question, the number one topic we raise. and when we pushed back, there is a response. i think the challenge in the context of a trade agreement is how to address the issue in a way that helps and doesn't hurt. i would be concerned that the effectiveness we have dealing through the existing channels could be diminished, in some ways, if some approaches were taken. i think that we need to make sure that we use every tool we have to make sure that the countries do not take the steps to intervene in ways that are unfair. and i think that if you look at recent years, we have been quite su

. >> reporter: two industries that very much symbolize the state of california the tpp will make onener and the other a loser. coastal california has its fishing industry. >> it has become increasingly challenging to be an american fisherman. >> reporter: inland is california wine. >> we're very excited about the opportunities with tpp. >> reporter: so wine wins as we learned from visiting vineyards. >> japan, malaysia and vietnam. we feel that there is tremendous opportunity if we're able to enhance that. >> reporter: california already exports a fifth of its wine but the industry can sell a lot more overseas that's where this trade deal comes in. it would bring more california wine to store shelves. >> by reducing or eliminating trade barriers to entry and creating a level playing field for us so that we can compete on the basis of the quality of our wines versus price. >> reporter: the wine industry is confident about the benefits of the trade pack because the united states and china signed a trade deal. it lowered the tax from 15% to zero. sales to south korea flowed. but this tr

promotion authority. >> what's tpp? one of the reasons why the american middle class is disappearing. >> this is our moment to stop fast track and the outsourcing of millions of more jobs in this country. >>> keystone

now, it would be good if china joins a successful tpp. that will be great for the whole region, but it's a great opportunity for vietnam. >> by the way, they look to the next round, speaking of other countries, we haven't talk eded a lot about australia today. they have a very good fis tall position and yet, they're only spending about 1.6% of their gdp on the military, so it gives you some gauge of their relative concern about china. it's real, but not through the roof. likewise, there's a lot of talk about prime minister abe, remilitarizing japan. there are a lot of interesting things going on in japan, some of which i support, some of which i'm concerned about, but i would note that japan's military budget is still plus or minus 1.0% of gdp and it's virtually not moved from that very low post world war ii ceiling despite all the talk of japan doing more. it's interesting as people talk sometimes about arms races in asia et cetera if there are, they're within certain constraints. pat malloy, then the gentleman in the blue vest. >> i'm a

the other concern is down the road we are trying to be a part of the tpp. that is a great concern on currency manipulation. in terms of data just as it relates to japan the economic policy institute recently found that currency manipulation was the main driver of our growing deficit with japan. 896 jobs nationwide six jobs nationwide in 2013 including 40,100 jobs in pennsylvania. currency revelation as a driver. the privacy, i privacy, i think currency manipulation is both unfair and very damaging and would be -- and it is kind of a double insult. it is not raised. we have not addressed it. >> senator, i want to agree with you that if countries pursue policies that are designed to gain unfair advantage on exchange rates for the purpose of trade advantage it is wrong. we push back. the current international strategy but even more importantly bilaterally and the epi study on japan is not entirely accurate. there is no evidence in the last several years japan has intervened in a way that would meet the standard that you describe. the activity that report is po

they want to reach a tpp deal sometime in the next few months before the u.s. presidential campaign starlts to dominate the political agenda. the two sides are divided over tear tariffs. the negotiators have not comes to terms on auto parts. japanese officials want a safeguard measure so japan can temporarily raise tariffs. but they haven't been able to bridge the gap on u.s. negotiators on how it will be implemented. >>> japanese rail firm is touting their energy. east japan railway executives are hoping to sell their bullet trains to people in india. they're demonstrating a bullet train semilater in new delhi. visitors can get a taste of the action in the driver's seat as the train hits the top speed of 320 kilometers per hour. >> this is something good. i would really want this to come to india. >> translator: i hope people in india appreciate japanese technology and one day bullet trains will run on indian soil. >> prime minister narendra modi said he wants to build a high speed network. jab neen government officials are hoping they'll be able to supply tha

japan's minister in charge of the tpp talks said he wants to speed up the negotiations.e said the talks among all 12 participating countries can't move ahead until japan and the u.s. bury their differences. he is hoping the multilateral negotiations will be wrapped up by early spring. >>> before we go a quick look at what's happening in the week ahead. on sunday the chinese government releases trade figures and on monday, the october to december quarter. the officials have revised their calculation methods and investors wait to see how data affects the third largest economy. the central bankers are holding two days of talks in istanbul, turkey. on thursday, malaysian officials come out with their gdp figures. and the philippine central bank call a monetary board meeting. >>> that's all for this week on "asia biz forecast." thanks for watching and have a great weekend. >> coming up next on jubilee... ♪ cause it's a hundred a ten a hundred and ten in the shade ♪ going way down, mama won't you carry me ♪ cause it's a hundred a ten a hundred and ten in the shade ♪ going way

. >> translator: i demand japan withdraw from any tpp negotiations that could threaten our economic sovereignty translator: our negotiations with the u.s. are at a final stage and we're now seek a landing point. it's inappropriate to suggest withdrawing from the talks. we'll make our case clear and try to gain whatever we can. we'll pursue what we consider to be the best outcome for the national interest. >> an official from the main opposition democratic party questioned abe on environmental policy. he asked how the government plans to set a reduction target for greenhouse gas emissions. the prime minister said the issue depends on how japan combines its energy sources. >> translator: we're keeping a close watch on how many nuclear plants we start, how much nuclear energy will be available, and how international negotiations will proceed on global warming. >> abe said he's determined to contribute proactively to global peace as the international community fights terrorism. he said he'll expand humanitarian aid for that purpose. >>> myanmar's president has declared martial law in the eastern re

we look at tpp, for example, just on an economic side. as i talked to some of those countries, they were looking at how important it was for us to have a presence in the region. so how important is tpp with reference to gee owe politically and maybe talking about capacity building in iran. let me keep quiet and give you a few minutes i have. i wanted to know whether we had any other tools. >> can you clarify the second part of the question which is how do we support that end? what was the -- >> the question is i wanted to know whether or not with my constituents who are skeptical. >> i think it's fair to be skeptical until you see the agreement. and it's important to be hopeful. and that's the way i would put it. i'm not sitting here expressing confidence. i'm expressing hope. i think we are better off with a viable acceptable good diplomatic agreement than with the other choices. but it remains to see whether or not we can get that kind of agreement. i think it's healthy to approach something with certain amount of skepticism until prove

so say for tpp. japan and canada have to lower their agricultural tariffs. in some cases japan's tariffs reach as high as 700% and canada have big restrictions on teary poultry and egg products. dr dairy poultry and egg products. if any of these country think that our standards are too high, i would complete the agreement without them and then invite them to join later when they can. for t tip the european union must eliminate all tariffs. every one of them. just as they promised they would do at the outset. and they must go further. they must justify these unjustifiable regulations. they need to reform these. labels are labels. they are meant to inform. they are not meant to frighten. and regulations are meant to deep people safe, not to keep politicians in office. so the way i see it it, this is ra great opportunity for our friends in europe to set up a system that's first rate. everybody benefits. and any agreement must include strong protections for cross border data flows. investment, financial services, intellectual property rights. now for tisa we nee

a group of officially part of the tpp taliban in pakistan. this is being targeted, a normal sectarian divide in pakistan. this is terrorist related. most of the activity has been limited by the military operation, so they are using the sectarian divide to hit softer targets. >> what do you make the of some of the reports which say that say lashkar-e-jangvi is operating in baluchistan? targeting some of the nationalist movements. mr. khan: they cross over into baluchistan. it is not just lashkar-e-jangvi it is major sections of the tehrik-e-taliban who have moved over. there have been over 500 operations to contain their violence. unfortunately, that progress has never been identified and not even appreciated. because for so many reasons we don't always make it public. so we are focused, the pakistani government is focused, the military is focused on these developments in afghanistan, the transformation that is taking place. the migration of terrorists into vast areas of logistic -- of baluchistan. but, i think generally speaking , things are

asking congressional leaders to help push through the 12-nation transpacific partnership, known as the tpphort. it's a free trade packet which would involve 40% of the worldts economy. >> as we speak, china is trying to right the rules for trade in the 21st century. that would put our workers and our businesses in a massive disadvantage. we can't let that happen. we should right those rules. that's why congress should act on something called "trade promotion authority." this is bi-partisan legislation that would protect american workers and promote american businesses with strong new trade deals from asia to europe that aren't just free but are fair. >> there has been more shelling near the border wean myanmar and china. fighting began almost two weeks ago between myanmar's army and gunmen who want greater autonomy. about 30,000 refugees have tried to find safety in china. from the border town of nunsun in the china's yunnan prove incident. >> we have heard the thud of artillery. the fighting does tend to ebb and flo. thinks are relatively calm on the chinese side. what we don't know is ho

so say for tpp. japan and canada they have to lower their agricultural tariffs.you know in some cases japan's tariffs reach as high as 700%. and canada they have big restrictions on dairy, poultry, and egg products. they've got to go. and if any of the 12 countries currently in these talks think that our standards are too high, well, i would complete the agreement without them and then invite them to join later when they can. for ttip, the european union must eliminate all tariffs. every one of them. just as they promised they would do at the outset. and they must go further. they must justify these unjustifiable regulations. they need to reform these. labels are labels. they're meant tone form. they're not meant to frighten. and regulations are meant to keep people safe not to keep politicians in office. so the way i see it this is a great opportunity for our friends in europe to set up a system that's transparent, that's coherent, that's first-rate. everybody benefits. and any agreement must include strong protections for cross-border data flows, investment, fi

with existing allies building new partnerships with new ones opening up even further to trade through tpp. and building a more cooperative relationship with china even as we deal directly with our differences. and you're seeing it in places like iran and cuba. think about this. the change that was made with cuba, the possibility of an agreement with iran at least on the nuclear program, opens the prospect in the space of about nine months, two of the most difficult elements in the psychology of american foreign policy for the last decades will be in a new and different place. doesn't solve the problems. we'll still have, if we do get a nuclear agreement, acute problems with the way iran acts in the region and beyond. but quite significant. and the reason i say all this again, because there is this notion somehow that america is in retreat or is not leading. again, i think nothing could be further from the truth. maybe the best way to test the proposition is to think of what is probably a favorite movie among many people in this room at least one that you're subjected to just before christ

conditions on trafficking and also issues on trafficking in the countries we're negotiating with the tpp. the question i want to ask you about is the summit of americas that will be taking place in april. president obama, i understand, intends to participate in it. and there's a lot happening in our hemisphere. one of the initiatives included in the president's budget is aid to three central american countries to try to deal with the crisis we experienced last yaer with the unaccompanied children. we've seen a law, but i think most of us know the conditions are still there and we're likely to see a rise of matters on our border as to whether it gets changes. my question to you is we can't just continue to layer aid programs. we need to make sure aid programs really are effective. in conversations with some of the leaders in our hemisphere they hope to use summit of opportunity challenges in the region so that the people of our hemisphere have hope in their own countries for economic growth. can you just share with us the role the united states plans to take in summit of americas and how

there is something where we can counterbalance many of the things you want to do in tpp.the geopolitical indisputably he wants to do. currency is the most logical one because it has broad support, currency bill that i authored along with senator brown, senator stabenow, senator graham senator collins and senator sessions, got 60 votes a while ago. so what i am asking you now we've heard some talk from the administration the currency is not going to be part of tpp weather against japan which is part of tpp or more important to me although japan is important to me china, which takes more jobs away isn't playing fair, joseph intellectual property. 80% of the time they don't get it in. we shrug our shoulders and it's estimated that millions of jobs have gone away. so my question because i know my time is running out. will you -- will the administration supports some kind of rigorous controls on currency manipulation and alongside this bill in china if not in the bill and in the bill aimed at japan. i have heard that we have said currency should not be part of tpp and that wou

. >> let me use tpp as an example. there are a bunch of republicans in the house that are going to vote against fast track because they don't want to see the president have any authority at all. this probably has something to do with it too. your thoughts on that? >> it hads been this for the last two and a half years. don't let almost win anything. there will be no shutdowns in the congress. we have already had one. now we're headed for the second one. >> great to have you with us gentlemen. thanks so much. >> thank you. >> you can get my podcast at wegoted.com. share your thoughts with us on tweeter at ed show. like us on facebook. we appreciate that. the we got ed twitter account is history. >>> coming up, scott walker's street cred with conservatives has given him national coverage in the gauntlet. >>> tonight we look at the legal battle for financial restitution. >> i think they're running out of time on the clock. the supreme court finally denied their appeal in december of this past year which started a six-mont

and so this kind of trade regime that we're talking about putting together under the tpp or the ttip is far more critical to american jobs to american growth, to america's influence, to america's ability to continue to play the important leadership role we have played in the world. and so if we don't get this kind of an agreement written to the higher standards of international business behavior it will go down. the standards will go down. the protections will go down. the ability of people to have legal remedy will be reduced. the ability of people to protect intellectual property or have rights by which workers are protected. all of these things would be diminished if we are not able to achieve these kinds of trade agreements. and tpa is critical to the ability to have those agreements because other countries will, their leaders will not make the difficult political decisions necessary to take one interest or another in their country and change the structure in favor of a larger set of rules because it costs them politically. if they know that what they're doing that when they make

issues and what if such an effort leads to the inclusion of international arbitration panel under tpp's enforcement procedures where companies or other nations could challenge future monetary policy decisions by the fed? >> so let me first say that i think currency manipulation that is undertaken in order to alter the competitive landscape and give one country an advantage in international trade is inappropriate and needs to be addressed, but that said, there are many factors that influence the value of currencies, including differences in economic growth and capital f w flows and as you mentioned monetary policy is a factor that can have an impact on currencies. so i would really be concerned about a regime that would introduce sanctions for currency manipulation to trade agreements when it could be the case that it would hamper or even hobble monetary policy. monetary policies we've undertaken the federal reserve has undertaken over the last number of years, have been designed for valid domestic objectives of price stability and maximum employment. we've undertaken monetary policy in

you can look at the big muscle movements out of these trade agreements which, were they to happen, tpp and ultimately teta, would cover about 75% of global gdp. you look at the big movement of climate change and whether we get a significant step forward in paris at the end of the year. but i guess, if i had to step back, i think what we're try to do is to look at a few basically guiding principles that we've tried to put in place. we obviously are not perfect in adhering to them, no one is. one, we're try to act with the sense of general purpose. it is probably the purpose that is extended from the beginning of the republic. and that is to look out for the security of our citizens, to try to advance economic prosperity to try to promote our values and maybe one added element, which is to try and strengthen some of the institutions of international order. so we have worked to do that. we have tried to act and lead from a position of strength. that started with china get our economic house in order. -- we have tried to get our economic house in order. i think we're in a much better posit

you can look at the big muscle movements out of these trade agreements, which, were they to happen, tppnd ultimately ttip would cover about 70% of global gdp. that would be significant. you look at the big movement of climate change and whether we get a significant step forward in paris at the end of the year. but i guess, if i had to step back i think what we've tried to do is to look at a few basically guiding principles that we've tried to put in place. and we obviously are not perfect in adhering to them. no one is. one is we tried to act with a sense of general purn. it's actually a purpose that is probably extended from the beginning of the republic. and that is to look out for the security of our citizens, to try to advance their economic prosperity. to try and promote our values, and maybe one added element which is to try and strengthen some of the institutions of international order. so we have worked to do that. we have tried to act and lead from a position of strength. that started with china get our economic house in order. i think we believe we're much stronger abroad when

the tpp, in asia pacific, and the ttip in europe, both of which represent about 40% of gdp of the world. in order to have a race to the top, not a race to the bottom. if we can achieve that we will be achieving a major new structure with respect to trade rules on a global basis. in africa, we held the african leaders summit, an historic summit with more than 40 african leaders coming to washington out of which has come a series of events that will help, we hope, to meet our obligation to help transform africa. and finally on climate, there are other things, incidentally. i'm just skimming the surface, some of the most important. i know not everybody here is a believer. in taking steps to deal with climate. i regret that. but the science keeps coming in stronger and stronger and stronger. on the front page of today's newspapers, the stories about an alaskan village that will have to be given up because of what is happening with climate change. it is -- there's evidence of it everywhere in the world. and we cut a deal with china, improbable as that was a year ago, the biggest opponent of

so the tpp as it is called by insiders says that you can't have national champions be doing what chinais doing. but they know the entry price is going to be good knowledge that they have these gigantic companies that are unlike any company in the world. maybe some of the natural resources are like that, but to have a ceo chosen by the communist party, to have them talk about these decisions, to feed espionage from other companies in the world, trade secrets, to give them low market loans, to have ambassadors overseas, to be like you give the message that pakistan airlines need to do this, but they are not supposed to show favoritism. so this is really quite important but if we focus on a chinese weapon system here or missile there, that is important to the pentagon, but actually i don't have much military stuff in here. and like this is someone trying to raise money for the long-range bomber. it was announced today by the air force that the air force would like to see about 100 of them, you can do the arithmetic and some officers have even said that this bomber is all about china, pene

china will be able to send their products into all of the countries that are in the tpp and they wille able to get their products here without having any of the obligations that are supposedly in that agreement. host: where does this put you and other leaders of organized labor when you have a president who praised unions, democrats for donnelly get union support and you have a president saying i need this authority? guest: whenever he is right, we support him and when he is not we do not. it is like having a disagreement with your spouse. you do not always agree with your spouse and you have a disagreement, you talk it through and try to come to a resolution. on this one, he is already made up his mind unfortunately. he is on a trajectory that will send a product out. we have been trying to make sure the tpt or the transpacific partnership is worthy of the american people. that it does not drive wages down. every trade agreements that is been negotiated by every president has driven wages down for the american people. it is time to reverse that process and use trade to lift up the st

negotiation and also the transatlantic negotiation the tichlt i am not sure that i will support that tpp and i think that i am incline today do that it will make us more economically free. and the trade agreements have a lot of protectionism baked into them. they are not free trade they have the initial stories that are carved out from liberalization and tariffs auto industry wants a 2. 5% on automobiles and they want to phase that out over 25 years and a tenth of the a percent a year. and rigid property provisions and monopoly. do we have what we need under u.s. law? . >> probably not, some agreement are pushing for investor rights for foreign investores to be able to go outside of the u.s. judicial system. if there has been an ex-prop relation or if they were treated unfairly. and if asset values are declined likewise the u.s. companies will have access to the third party tribunal system as well. i do not think that it is necessary. i will evaluate them whether or not they are liberalizing. and i this i that those that want to nip and trade in the bud by denying the fast tractor the tr

the tpp has as called by insiders pretty much says you can't have state-owned enterprises, national championsbe doing what china's doing so they are not in the talks. we would like to get the men. the entry price is going to be acknowledge that they have these gigantic companies that are unlike any company in the world really. maybe some of the russian natural resources combines are like that but to have the ceo chosen by a communist party to have them rotate among companies according to the communist party's decisions, to feed espionage from other companies in the world trade secrets to give them low price loans low market loans to have ambassadors overseas. you get a message pakistani you're alliance needs to get this done but an american ambassador is not supposed to show favoritism to an individual company. mike chatrand decapolis charade is quite important. if we focus on her chinese weapon system here or chinese missile there that's important to the pentagon but actually i don't have much military stuff. people think this is a pentagon hawk. the long-range bomber isn't even an hero but

we look at tpp, for example, just on an economic side. but, as i talk to some of those countries, they were looking at it from a geopolitical aspect. how important it was for us to have a presence in the region. so how important is the region with reference to geopolitically on top of the economics. and then when you talk about vietnam and the capacity that they're in. let me keep quiet and give you a few minutes. i just wanted to know whether we had any other tools, a subcommittee on europe. >> can you just clarify the second part of your question, which is the end. >> the question is whether or not with my constituents who are skeptical -- >> all right, i got it. look, i think it's fair to be skeptical until you see the agreement. and it's important to be hopeful. and that's the way i put it. i'm not here expressing confidence, i'm expressing hope. i think we're better off with a viable acceptable, good diplomatic agreement than with the other choices. but it remains to see whether or not we can get that kind of an greemt. so i think th

the tpp as it is called by insiders pretty much says you can't have state owned enterprises nationalchampions be doing what china is doing. so they are not in the talks. they know the entry price is going to be to acknowledge that they have these gigantic companies that are unlike any company in the world really. maybe the russian national resource is, but to have the ceo chosen by communist hardy, according to the communist party decisions to feed thespian nosh from other companies in the world trade secrets to give them low price loans to have ambassadors of the ease with the message in pakistan airlines need to have this done. maybe he do it. i don't know. they're not supposed to show favoritism towards individual companies. i shot or of the capitalist charade is quite important if we focus on the chinese weapon system here are chinese missile there that is important, but i would have much military and here. people think this is pentagon trying to raise money for the new long-range bomber. it isn't even in here. it will cost a half a billion dollars and they would like to see abou

i think tpp is critically important. i think trade agreements are working out with europe are critically important particularly for agriculture. i mean the world likes american products. they think it's one of the safest food sources that they could have access to come and i think we need to build on that. north carolina has a tremendous opportunity to grow its agriculture sector to 100 $120 billion if we were able to have more access and lower cost access to other markets. >> and i would support it i would support the tpa. >> i want to thank all of you for joining us. i think you certainly got a sense that we have a new senator in this town who is both eloquent and substantive, usual you can get one or the other but it's wonderful when you have it in a single package. >> can i share one little -- just to give you an idea about where my bias is what comes to regulatory reform. this dates back to i was in the minority still so i was the minority whip, would've been around 2010. and i was having a discussion because i real

unofficially part of the tpp alabama on 10 -- taliban pakistan. this is being targeted, a normal sectarian divide in pakistan. this is totally terrorist related incidents most of the activity has been limited by the military operation, so they are using the sectarian divide to put a softer targets. >> what do you make the of some of the reports which say that last cartel of them is targeting some of the baloch nationalist i think i'm? >> a lot of movement of the terrorist have taken place amongst military operation took place but a lot of them moved across afghanistan, then there is a certain corridor to use it can expand territory, then they cross over into balochistan. so as not just the enemy. is the major sections who have moved into parts of balochistan. they have been over 500 intelligence base operations by our military, our armed forces and the police. we have managed in a very major way to restrict activities and to contain the violence. unfortunately, that particular progress is never identified, not even appreciated. because for so many

i think the tpp trade is important, particularly for agriculture. the world likes american products. i think it is the safest things they can have. i think they plan to grow the agriculture from $120 if we were able to have access to other markets and i would support the tpa. >> so i want to thank all of you for joining us. i think you have a sense that we have a new senator in this town that is eloquent and substantive. usually you can get one or the other. it is nice when you have it in one package. >> can i share one thing. my bias when it comes to regulatory reform. this is when i was a minority whip around 2010, and i was having a discussion because i really do believe that you can get regulations to a point where you preserve the environment and keep the workplace safe. we want to. and i hope there is no republican or democrat here to destroy the environment or don't want their children to drink clean water. and i was having a discussion with someone at a star buck's in my district and we talked about certain regulations where you should let b