think tpp 11 countries -- that's the main thing.of rules of origin, the tpp 11 would have -- it would mean that suppliers can ornize their supply chains on material inputs from all over the 11. that would be to the disadvantage of u.s. suppliers. again, pressure on the u.s. to come to the table. david: thank you very much, great to speak with you. i want to recap have a near from bloomberg. uber telling employees, more than 20 people have been fired after a company investigation into sexual harassment, according to a person familiar with the matter. the latest on the next. this is bloomberg. ♪ david: this is bloomberg markets, the trump economy. i'm david gura. were technologies told employees that 20 people have been fired after a company investigation into sexual harassment claims. joining us now from san francisco, eric newcomer, who broke the story. let me ask about the genesis of this investigation, what was being look at -- looked at in particular. susan fowler, former software engineer and uber, wrote this blog post in februa

is to look to what mexico and canada has agreed to under tpp. the elevation of standards that were included in the agreement the reduction of tariff and nontariff areas that they have agreed to and if you have ideas on how to improve upon that let's go. let's do it. if i see slippage in the standards for what they have our degree to under tpp that's going to be a problem from my perspective. we can't be going backwards on something that was our degree two with canada and mexico. a lot of people think nafta renegotiations, we also have problems with canned and once the dairy issue. something that wasn't addressed with nafta but which many if not all of our dairy producers feel they are being treated in unfair and discriminatory manner so i'm hoping up a plan for moving forward in trying to resolve this. we could level the playing field and that's a two-way street when it comes to the exchange of products but especially the issue we are having with canada right now with gary. interested to hear if you've been thinking about this at all or if you h

number two, with respect to tpp, the president didn't pull out. he pulled out of tpp. he's very much engaged. it's not going to happen in a week or two. but there is also questions about do you think tpp was going to pass anyway? there are questions as to whether or not -- whether that plane was ever going to leave the arirport. the final thing i would say on because i'm so clock conscious here is that on the issue of canadian dairy, yes, we're involved in that. you say do we have a plan. i've got this thick of options. so it's something we are focussed on for a whole variety of reasons. >> great. i've love to stay in touch with you on that as we move forward. >> mrs. jenkins you are recognized. >> thank you for being here to talk trade with us this morning. national security should unquestionably be a priority of any government. but i worry that using national security as a basis for trade restrictions and nafta or elsewhere could backfire if other countries do the same to us. in particular, food security from many countries is a vital component of national security.

of l of tpp. he wants to be engaged and we'll do a better job. nat going to happen in a week or two. there are questions about do you think tpp was going to pass anyway? questions whether that train was -- i guess who your analogy, whether that plane was going to leave the airport. having said that the final thing i would say -- because i'm so clock con sunday -- conscious here -- the issue of canadian dairy, we have this think of options. something we are focused on fora whole variety of reasons. >> i'd love to stay in touch wow you. thank you, mr. chairman. >> miss jenkins, you're recognized. >> thank you for talking trade with us. national security should unquestionably be a priority of any government, but i worry that using national security as a basis for trade restrictions and nafta or elsewhere could backfire if other countries do the same to us. in particular, food security for many countries is a vital component of national security. along that vein, here at home, wheat farmers in my east

with respect to tpp, the president did not pull out of the asia-pacific area. he pulled out of tpp. he wants to be engaged. it is not going to happen in a week or two. there are questions i had. whether that plane was ever going to leave the airport. having said that, the final thing i would say, because i am so conscious here, is that on the issue of canadian dairy, we are involved with that. you say, do we have a plan? i have options. it is something we are focused on for a variety of reasons. >> i would love to stay in touch with you on that. think you, mr. chairman. >> ambassador, thank you for being here. national security should unquestionably be a priority of any government. i worry that using national security as a basis for trade restrictions and nafta or elsewhere could backfire if other countries do the same to us. particular, food security for many countries is a vital component of national security. farmersat vein at home, in my eastern kansas district are finishing their wheat harvest. willkansas farmers ultimately look to foreign markets in north america or abroad to

united states has withdrawn from tpp. is there any possibility at all of the united states reconsidering its decision to withdraw from tpp? that would be a powerful signal to this region. >> and from russia, katerina. go ahead. >> yes, thank you. secretary mattis, you mentioned the rules-based order several times. my understanding is that it can entered only through the institutions. at the same time, we have heard multiple questions about growing unilateralism in u.s. foreign policy. i will not repeat them. what will be the role and function of the original -- regional security institutions if this tendency exists and will go on? how can we ensure neutrality in this setting? thank you. >> and the final question from australia, christopher roberts. >> thank you. i am from the australian defense force academy. some might argue that china has already largely achieved its goals in the south china sea. given my own discussions in manila and beyond, the relations -- u.s. relations with president duterte'sd president stand over

and european owned and that's not going to change whether there's a tpp or not a tpp.so i don't believe that suddenly we are advocating the next century on trade. not at all. where i feel like we have really hurt ourselves is in security in geo politics and that i think is a shame. >> yes, thank you. i have a quick statement to say at the beginning of my question and then the question. my statement contrary to mr. mr. trump opposed multilateral trade deals and my question is multilateral trade particularly tpp gets criticized, so could you comment on how we could come up with a more effective retraining effort so that if we do a better job of retrain lg people who lose their jobs in free trade we wouldn't have vulnerability in the way to attack multitrade contracts or programs and an example of that is the german country apparently has an effective program, can you comment on how we do a better job retraining our workers? >> retraining our workers is at the center policy for the next century specially when we think about automation. this is a challenge to our society b

yeah, and on the tpp situation, it is going to be a fresh approach. obviously, there were many disappointed about the tpp decision, but at the same time, to bilateralts us approaches and other multilateral approaches it that we will engage in. i have no doubt that we will stay engaged on those. did not meetavenue our nation's population lost desires, but that does not mean we are turning our back on relations that we would work out on a bilateral basis as a result. >> we can take one, maybe two questions if they are very brief. china?eral from brief? you, thank you. one specific question, because we are talking about rules-based international order. i am curious to know what are theional rules freedom of navigation space. al qaeda rules should be applied what kind of rule should be applied here? made laws asking for prior notification of concerns. the u.s. has been conducting freedom of navigation operations to challenge this kind of maritime drive since 1979. is not aited states convention of the law of the seas. so what should we take as rules relat

david: there is cticism of the tpp that there wasn't enough in it with regard to climate change.s you look ahead to future trade deals, as climate going to have to be a part of them? >> i think our trade policies a function of -- between executive and congress. congress made clear that they wanted to see climate change. with separately from trading agreements, since trade agreements get accident -- expedited approval through congress. very strong environmental provisions, and touch on issues like transition to low carbon economies, greater energy efficiency, eliminated tariffs on a whole raft of environmental goods, dovish is a illegal logging, fishing, and overfishingation of and wildlife trafficking, protection of the marine environments. it was a strong agreement from an environmental perspective, and it was always our view and the view of congress the climate change should be. with separately, in the context of the climate change negotiations, which is what paris was all about. david: let's ask about what we know about this and nutrition's trade priorities, what has been buil

. —— tpp. important, of course, be dpp excluded china. -- tpp.of the day in the united states are indeed the united kingdom is, those forces might include the unfolding, or the third unfolding of the digital age, the internet, and within that goes with it. -- the internet, and within that goes with it. —— end. you could include artificial intelligence, robotics, 3-d artificial intelligence, robotics, 3—d printing, all of these things. surely they are going to leave us all interconnected. whether we like it or not. that is a natural conclusion. although you can cast doubt on some of this. the reason i doubt on some of this. the reason i do that is not because of technology that has come of what you do that. so if you look at previous eras of globalisation... bec technology tries to globalisation, doesn't? not necessarily. it decrease the cost of medication around the world. —— but technology. social media, i think, has credit circumstances where you have a herding of idea, which is of pursuit of belief, rather than a pursuit of belief, rather than

>> i think, obviously tpp is a conversation of the past but the issues remain. does your industry see nafta as the predicate for that curv conversation? >> we do. because it will probably be the first one that comes up as far as being renegotiated. yes. we can't afford to not have trade all around the world, as jack said global trade. we need to make sure that our product moves freely to whatever country is willing to buy it. whatever premise we sat up with nafta or the renegotiation of nafta is going to set the president or the other countries that see how we manage the situation and how the u.s. is looked at, if we're a willing seller and a buyer. the dispersed ones' going to be the biggy. >> another question here. question up front, if we can do that and i think we're going -- >> thanks. yeah, itc is looking into tariffs now of ideas for new tariffs or duties on mexican products as part of this renegotiation. is that one of the things that concerns you? in other words, if you put -- if there are new tariffs on mexican products, i mean, there are no tariffs ri

tpp is a conversation of the past but those issues remain. does your industry see nafta as a predicate for that conversation? mr. bowling: we do because it will probably be the first one that comes up as far as being renegotiated. yes. we can't afford to not have trade all around the world, as jack said, global trade. we need to make sure our product moves freely to whatever product -- whatever country is willing to buy. whatever renegotiation of nafta will set the precedent for other countries to see how we manage the situation and how the u.s. is looked at -- if we are a > willing seller and a buyer. this first one is going to be the biggie. mr. grumet: another question here? right up front. >> bill thompson. itc is looking into tariffs now of ideas for new tariffs, duties on mexican products as part of this renegotiation. is that one of the things that concerns you? in other words, if there are new tariffs on mexican products -- tariffs right now on corn or wheat -- is that what you would consider to be collateral damage, maybe, a possibil

and the trump administration doesn't get in on the game whether it's reviving tpp or not, then u.s. leadership in the region will detearierate no matter what. >> we'll take two final questions together. the one on the side, the gentleman here i think the fourth row and right across as well. >>> earlier trump express gratitude with the outcome of brexit. is his slow learning curve on international economics a concern in much of the rest of the world? >> and right across here as well. we'll take two and wrap up. >> freelance writer. i actually wanted to touch on a middle east question about how the u.s. has been able to spread democracy around the world historically -- we saw in libya, saw in iraq and syria that the invasion of iraq creating these power vacuums has been a probleminaproblem in the region. and do you think that u.s. foreign policy in terms of being the largest military power in the world and having such a huge influence in the region has maybe created -- has put maybe a terrorist target on our backs? i mean we've been seeing this in the u.s., we've seen this in europe i

if you look at the tpp, the trans—pacific partnership, where america withdrew.cific free trade area. that is the china led deal. so in many ways, with one wrote one belt, the big links that china wants with europe and central asia, in many ways, donald trump is serving the world to the chinese on a silver plate. -- one belt, one road. some might cool this the america first challenge, this sort of pulling out of the climate change deal, the more protectionist trade position that donald trump is adopting. —— call. there are still differences between the eu and china. is there enough that unites them 7 the eu and china. is there enough that unites them? selectively, they will work together. and on some of these very important multilateral issues like climate change, which has been hardfought and negotiator. it started in kyoto and negotiator. it started in kyoto and went all over the world. finally, in paris, there was an accord. that is how we know they can selectively work together. because they have common interests. it is not just the countries, they have commo

many of us though were had mixed feelings about tpp, i hope you can recreate tpp, we can call it trump pacific partnership if you want, but it's just important that we continue to pursue these agreements and i appreciate that you feel the same way and i believe the president does as well. it's a difficult thing to do, we understand that but it's worth it i believe, as is tax reform as you've said here it's difficult. again, i support the administration goals and things you've said, the key to economic growth and really the key to bettering the lives of the american people is economic growth. and regulatory form, tax reform trade all of those are key to that but there's one other element too it and this is my question now. i'm afraid you might not like my question but i'd appreciate your views on it. over the last several months as they released a skinny budget and full budget, i think everybody sitting up here have dozens or hundreds of meetings with people who came under concern about the budget. just generally by the nature of their concerns these are often democrats, they're liberal

feelings about tpp. pacificall it trump partnership, if you want. feel --iate that you i've -- it is a difficult thing to do. isis worth it, i believe, as tax reform. it is difficult. >> i support the administration. the key to economic growth and key to bettering american -- the life of american people is economic growth. all of those are key. , i amher element to it afraid he will not like my question, but it would appreciate your view on it. months, iast several think everyone sitting up here have had dozens or hundreds of meetings with people who came -- became concerned with the budget. concerns,ure of their these are often democrats. they are interested in government funding for their organizations. pick an agency and they are advocating for that. you have to go across the aisle and talk to our democratic friends to convince them that they have to work with us on mandatory spending. take on are willing to that challenge, all of these pressures will fall in these different agencies. wonder if you would share your thoughts on the administration'

beneficial for eec to link up with one belt, one road, and also other regional initiatives like the rcep and tpp. do you see as the risks and benefits from linking up with china under the one belt, one road initiative? >> today, any country cannot afford to just think about itself in terms of sustainable development. we need to work together and think about the region as a whole, and because the world has opened up, that technology has enabled unprecedented ,onnectivity in many dimensions so if we think like that, then a project like the eec initiative one not only serve thailand, but also the region as well, at least in terms of our neighboring countries, china, countries to the south, in fact that the entire asean as well. haslinda: i want to look at the baht, pretty strong right now. how do you think that is affecting business? number of aspects depending on what business you are income import or export, so both sides of the equation. haslinda: are you comfortable with where it is? where itk it is reflects the market, and of course the ministry of finance will keep a close watch on things, an

vietnam was seen as a beneficiary from the tpp and was to sign -- wants to sign bilateral agreements now that the united states has abandoned the pack. over america'sn $32 billion trade deficit with vietnam. >> we are already in discussions , including trade. we have a major trade deficit with vietnam, which will hopefully balance out in a short time. rosalind: malaysia airlines flies from airline -- melbourne to kuala lumpur was turned back after a passenger tried to enter the cockpit. the flight landed safely in melbourne before midnight and the carrier offered no further details. malaysia airlines is recovering from two fatal and unexplained disasters in 2014. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: yuan bears are being beaten up as the currency jumped to its highest level in seven months offshore. the pboc sending a message? ?on't bet against the fed don't bet against the pboc. >> don't bet against the yuan. driving up the cost of growing. rishaad: the search for yield as well. 6.890,s,

whether it's pulling out of tpp to negotiate bilateral trade agreements with countries or to lean on the leaders of canada and mexico about renegotiating nafta or now what he's doing with the climate deal saying i don't like it, let's negotiate another one. >> shepard: john bussie is here. what kind of reaction from around the world to this move? >> he's already gotten it when he went to europe. he got pressure from france and germany to stay in. he's gotten pressure from the secretary general of the united nations to stay in. >> shepard: and the pope. >> you'll see that turn negative as he pulse out as we expect him to. what we don't know, important to watch, how far are you pulling out? what is the language? this is not the right deal for us. we're going to withdraw so he can go to his base saying i delivered for you. you voted me in based on this platform, i delivered for you on tpp, i delivered for you on the paris climate accord. and it sort of makes up for the reversal on nafta, the reversal on calling china a currency manipulator that now he says they're not. this would be a w

>> i think he pulls out, just like tpp. he wants to check this off the list.sure. thanks for joining us. i'm christine romans. >> i'm dave brigs. "new day" starts right no. >>> fired up fbi director james comey ready to tell his side of the story. >> congressional investigators are examining whether attorney general jeff sessions had an additional private meeting with russia's ambassador. >> it's a very serious charge. >> house intelligence committee issued seven subpoenas today three related to tissue of unmasking. >> looks like they were driven by nunez. >> shouldn't have been done without working with the democrats. >> the president expected to withdraw from the paris climate agreement. >> it will be a model disaster. >> people know what he meant. >> i thought it was a hidden message to the russians. >> announcer: this is "new day" with chris cuomo and alisyn camerota. >> we want to welcome our viewers in the united states and around the world. it's a "new day," june 1st at 6:00. a cnn exclusive. a source says james comey will testify before the senate as e

when you look at the tpp, the big multi-nation deal that was sculptorred by trump, the truth is americaner in that trade deal. the world bank did an assessment. vietnam, thighhand and one other country, maybe -- thailand, maybe singapore, were going to win big. the treaties have not been particularly written to benefit us. charles: right. >> and, by the way, nafta -- which is up for renegotiation -- everybody understands since there's a lot of stuff in there that it's outdated and antiquated. so all of this makes sense. it's just, you know, sort of chattering heads people going crazy because it isn't globalism. it's the opposite of that. what we're doing is good for the united states. charles: all right, guys. speaking of tpp, don't forget the president of vietnam came here this week, and he left us with $17 billion in deals, so maybe those individual deals might make a lot more sense. thank you all very much. >>> next, president trump chiming in a day after the house intelligence committee issues subpoenas connected to unmasking. we may get some real answers after all. be right back. ♪

and out of tpp and this paris climate accord is something that is a globalist agenda idea. >> right, i think, you know, you would argue that the nationalists, the populist, and he was loving every minute in the rose garden. you've got to go back to the paris climate agreement in essence, it was a flawed frame work that was set up. it was president obama who basically didn't go through the ratification process like the other 128 nations that did go through a ratification process in their legislature. the u.s. would have to play by a different set of rules. you would have china who could increase emissions until 2030. india in a contingency would want $2.5 billion to play. the frame work of the agreement itself was very flawed and so, i think for president trump, it was his moment to say this is for the american worker, this is about the american economy, and basically, going in and breaking the china. and i think that it was about time that this happened because we want to work with our foreign leaders, obviously, it's america not only first, but america's not going to go at it alone,

withdrawing us from the tpp trade agreement.ersonally they are steps i don't agree with and are disappointed by. but they do represent change. the next most important thing, and has not happened yet, to prove that his capacity as a leader, and experience as negotiator, enables him to do something that has not been done very much in recent years in washington. bring republicans and democrats together. each to compromise to agree something. right now, the obvious place where that is necessary is on health care. that is not happening. the atmosphere seems as toxic, poisonous as ever before. it is on both sides. the democrats are the out party. my party. we need to clarify what your party is. you say that is your party. you famously quit the democratic party more than ten years ago. ran against them, won your connecticut seat as an independent. you infuriated so many in your party by actually backing john mccain for president against barack 0bama in 2008. i have to ask you, did you vote for trump? no, oh, no. i strongly voted for hi

just like tpp.likes ones that don't hurt the american worker and the second thing that was clear. it is june 1st and not february 1st. he took the insight and input of people who disagreed with him and weighed the consequence and made the conclougz. >> billionaire donor for the democrat party. stier screaming this. if donald trump pulls the united states out of the paris agreement he will commit a war against the american people. stier set the standard for the envyro left and dems who are going to shout again hat the president. >> we learned that he proved the fastest way to make a small fortune. he powered millions in losing causes for the political left on the same thing he criticize; i have health care benefit and probably have retowerment and a lot of blessings. a lot of folks do not. that's who donald trump is thinking about. he's not thinking about the billionaires or the mainstream media. he sees the factiries shutered and the coal mine ares came to the white house thanking him. and today is

important, of course, the tpp excluded china. having gone, it creates a vacuum china can fill.the return of history. that there are some forces in the country continue to push us towards a more open, globalised world, whatever the politics of the day in the united states, or indeed, united kingdom. those forces might include the the unfolding, or the the continued unfolding of the digital age, the internet, and everything that goes with it. and you could include artificial intelligence, robotics, 3—d printing, all of these things. surely they are going to leave us all more interconnected than ever before, whether we like it or not. that — that's a natural conclusion. although in the book i cast doubt on some of this. the reason i do that is not on having technological advance, but what you do with that technology, when it comes along. so if you look at previous eras of globalisation... but technology tries to globalisation, doesn't it? not necessarily, no. first of all, it decreases the cost of communication around the world. that they can create all sorts of pressures in diffe

president trump to the right thing and canceling tpp. putting the effort of america first is the duty of our federal government. is their duty to protect this government, this country. it's not their duty to trade in international alliances and groups that do not serve the interests. host: sarah's next on our public in line. we will show you the editorial cartoon that goes along with the new york times editorial this morning. caller: i would like to say, we always traded and done business with europe. try to cut america often talk about america first, what are you going to do, trade alabama louisiana? you don't make sense. we have to have a good relationship with the whole world. cornpone and backwards to think like you do. that, everything this climate thing -- we started this. we started it. our president. trump acts like president obama was not a president, the only he is a president. cane, he thinks that's what he thinks he is. europe,hen you look at one of the most significant things that happened in recent decades in europe was the

we have seen him withdrawing from the big economic trade pact, the tpp, people constantly talking about they are uncertain about what donald trump is up to. just a week after he castigated his allies at nato. so a lot of people failed to be convinced by matters that the u.s. engagement is going to remain particularly when you look at what they're doing economically. and economics are important for security, the defense minister making the point that it is donald trump who pulled out of tpp, but china has the big economic initiative with its belt and road initiative, which he says washington backs because it could increase the trajectory of economic wrote in asia after these grand infrastructure projects are in place. asiaw does southeast intend to cope with this rising terrorism? so many events in london in the last 24 hours or so, but is there a role for china on the global stage? >> one of the things happening anthe moment is unprecedented cooperation between indonesia, malaysia, and the philippines to put together maritime patrols. area is being used as a core by terrorists returning

trumpered offed to cancel tpp, renegotiate and a half dark -- nafta. what whisk actions will democrats offer to increase manufacturing jobs and stop the loss of jobs out of the u.s.a. >> i'm going to challenge the premise of the request. whoever asked the question, i'm coming back at you. actually don't think the problem in this last election was somebody had a better list than somebody else. i really think the problem is we have to stand up and say what we are going to fight for. i tangled mightily with people in my own party, including my own president, over trade issues. and i still think i was right. i do. i do. and we can talk about those because i think they're really important. but i think the question of how we build jobs in middle class here in america -- i want to describe it slightly different. something i talk about a lot in this book. it's how you filter everything. it's not one decision. it's a thousand decisions. a million decisions. and the question is, are you filtering every single thing that comes your way through the lens of the lob

been adept at taking advantage of the trump administration's retrenchment, whether issues like the tppde deal or no climate change. it could be argued that in the first five months of the trump administration, it has done more for china's soft power than china has been able to do on state tv over the last decade. positioning themselves on trade as global flag wavers. he saw that with president xi jinping's speech and davos, the belt and road and initiative, and now on climate change, hearing this european-china summit in brussels at the moment that they are expected to put out a document saying that green energy and clean energy will be at the core of the bilateral relationship between china and the eu, so this is a soft power win for china because they are realize thered are compelling economic reasons for them to continue with their investments in renewable energy as well. since 2012, china has been the largest investor in renewable energy, of political, diplomatic, and economic reasons for china to continue with this, and potentially a soft power dividend for them come of the fact t

we remove ourselves from tpp.free run across asia n now. >> europeans for a long time believe it's worth reaching out a hand to china and distancing themselves with russia. you're going to see europeans fleegsly reaching out to china, whether on trade or climate change. >> that's the most important point last night that we heard from not only the ambassador, but others there. it's not like europe is going to remain stagnant. they were concerned that china would step into this void. >> we have to go, andrea. really quickly, does this -- is this any indication that tillerson and this strong team has to get through bannon first? >> yes. and initially tillerson, one of the reasons i believe he held back from us and the press corps and not wanting to do briefings, he wanted to figure out his moorings, develop a relationship with a president he did not know and make sure he was not being sidelined by the bannons and flynns. flynn is gone. he thought bannon was taken down from the national security council and he and oth

business and sell american products that we are going to do bilateral agreements and pulling out of tppas by no means pulling out of the asia pacific. in terms of overall whose model works ours or china's, i mean, that's a very big, very serious question. my belief is that ours is the best and that it would prevail and i believe that a lot of people in that part of the world are concerned about this question, but the question that i ask is how do we -- how do we prove that. we have to take on china when they do things that are i consistent with our values, with the way we think the economy should develop and work. if we look at it objectively, you would say, for example, in an area like steel, they have now huge steel industry, none of it is based on economics and somebody in a country in asia looking at that might think that their system is succeeding and ours is failing, they have 1.1 at least billion tons of steel capacity and we can't produce a 10 million tons. -- 100 million tons. a we have to prevail and b we have to prevail for the good of the world. the question we have and the

you look at his decision to pull out of the paris climate accord and tpp and how early on his decisione to pull out of the asian trade agreement. very willing to show the rest of the world he is a very different president to everything that has gone before. the g7, we sought trump being beinged -- saw trump isolated around the table and i think we will see that next week at the g7 as angela merkel tries to shore up. david: and a new government in france. toinvitation was extended president trump to travel to france for bastille day. john fraher: it is more of an olive branch. president macron has been working to charm pretty much every global leader. trump with the famous bone crunching handshake at the nato summit just before the g7 where macro said it -- macron said it was calculating on his and he can give a tougher handshake. it is the opposite side. he is keen to try to charm and woo trump. he has probably studied trump and probably knows there's nothing more that president trump like than pomp and circumstance. i am sure he will work hard to make trump feel very welcome. it is an

the premier who was in berlin, stepping back from the world with tpp that would have been canceled byth parties blinding their eyes to our place in asia, and china is filling that vacuum, and china, not russia. >> i don't think that i'm buying the whole china is the big kahuna on the block. >> look at the numbers. >> they're doing a lot in the area and all of that, but people are still walking around with face masks and gas masks on. china under this accord will be able to increase their carbon emissio emissions, not cut, so when people in the u.s. are looking at this -- >> but there is decreasing by 60%. >> but there are those that did not support this. the president didn't have the political capital two present this accord to the congress as a treaty like it should have been. so there was a lot at stake here that is not really fully addressed. the president agree or disagree, rightly sa look, we're going to take a new loo at this, germany and france saying we're not. we're not going to renegotiate this. my sbet that in time, they will. at the end of the day, it is better to have ame

a few months ago, the president pulled out of the tpp that was an asian trade deal that actually excluded china and supposed to organize the world around the united states and to the minds of some contain the chinese. china exploited that. with the decision to pull out of the paris accord, the chinese see another opportunity because the accord as you may recall was based on negotiation between president obama and president xi jinping in 2014 that formed the basis of what the other nations signed on to. the chinese are saying they will be the leader in the environment. there is rich irony here. the chinese are not free traders. they emit now twice as much co2 as the united states does. and yet, the chinese are able to go and use this moment to say they will be in the forefront of reducing carbon emissions while the u.s. is on the sidelines. that is not the place, i think, that many wanted the united states to be. >> interesting, errol. this is not a surprise. we are treating it as a big event. the president hyped it as a big event. he was always going to do this. why does this make sense f