somebody asked me the other day, would i do tpp here's my answer i would do tpp if we had a much bettereal than we had. the deal was a horrible deal nafta is a horrible deal, we're renegotiating it i may terminate nafta, i may not. we'll see what happens nafta -- i told stadiums full of people i would - >> so you might reenter -- are you opening up the door to reopening tpp or -- >> i'm only saying this. i would do tpp if we were to make a substantially better deal the deal was terrible. the way it was structured was terrible if we did a substantially better deal, i would be open to tpp >> that's interesting. would you hand -- >> are you surprised to hear me say that >> yeah. i'm a little taken aback >> the deal was a bad deechlt like the iran deal is a bad deal >> you said maybe nafta, maybe not nafta. can you give an indication of which way you're leaning a lot of ceos on here, they all seem to acknowledge that it's 30 years later, there's a lot of change, is that make a lot of sense. but not to abandon the deal. >> we have a trade deficit with mexico $71 billion a year we have a trad

were about the likelihood of the uk part of the tpp we don't yet know what the success of the tpp willgotiated yet. clearly the uk would be foolish to rule anything out at the present time, not knowing what the future pattern of global trade will look like when we leave the european union and when we leave the european union and when we finish our transitional period. let's keep our options open, that is safe. the uk and the tpp... could trade partner should be on the cards? it could be the next best option. if you can manage it, the uk has a problem. it is giving up the biggest trading area in the world and does not have anything else. would this be the next best trading partner? if they could get in the door this would be the next option. the problem is that the tpp is not signed and it would take probably five years, even if the 11 members wa nted five years, even if the 11 members wanted to have britain, it would ta ke wanted to have britain, it would take a long time with a lot of barriers. theoretically, if the uk becomes part of the tpp there is a potential upside because accord

that was like maybe we will do tpp. >> meanwhile -- >> we'll do tpp. >> the rest of the countries haveenegotiated tpp and are ready to move forward. >> on cnbc.com it said it's difficult to get a redo on that but the tone was significant he's coming here, he's not trying to talk like he does when he's in michigan or wisconsin. a great line he had, a sense of the tone, he said we care about home, we're proud of home. we have to take care of home what a gentler way that is to make the point then that america first. >> apparently last night there was another meeting with the u.s. ceos where he literally talked about ripping up nafta, there was noway to renegotiate it >> they were all taking pictures with him >> right >> foreign leaders i saw trudeau, netanyahu there you know, the waters didn't quite part, but it was crazy over here. >> coming here for a decade, this is something different. >> people love power >> they do >> they love to suck up. this is perfect. >> it is >>> when we come back, we'll talk taxes we'll talk with bob moritz he will tellus what h us what h to hear when preside

i would do tpp if we had a much better deal than we had. the deal was a horrible deal the deal was a horrible deal nafta is a horrible deal, we're renegotiating it i may terminate nafta, i may not. we'll see what happens nafta -- i told stadiums full of people i would - >> are you opening up the door to reopening tpp or -- >> i'm only saying this. i would do tpp if we were to make a substantially better deal the deal was terrible. the way it was structured was terrible if we did substantially better deal, i would be open to tpp >> that's interesting. would you hand -- >> are you surprised to hear me say that >> yeah. i'm a little taken aback >> don't be surprised. no the deal was a bad deal. like the iran deal is a bad deal >> maybe not nafta can you give me an indication of which way you're leaning a lot of ceos on here, they all seem to acknowledge that it's 30 years later, there's a lot of changes that make a lot of sense, but not to abandon the deal >> joe, we have a trade deficit with mexico. mexico $71 billion a year right? we have a

tpp or no tpp. that's kind of not how the world works. these people know that you can sort of work around america on certain things but you fundamentally can't. if donald trump wants bipartisan deals with countries, they'll make them but they'll take some years to do. i think there's some sense among is it the global -- the president is saying he wants a strong dollar that moves markets. these are all confusing but in the end it is america, you can't ignore it, you can't do without it so people will make deals and they'll hold their nose or be a little bit amused. but it's unusual for davos. >> ali velshi with so many things to talk about from there and still another day tomorrow. thanks for being with us. >>> from davos to d.c. and what appears to be attempts to undermine the fbi. the justice department inspector general says those missing fbi text messages between fbi lawyer lisa page and fbi agent peter strzok have now been released as some of the president's republican supporters have to walk back claims of that secret society in whic

i may not. >> are you opening up the door to re-opening tpp? saying this, i would do tpp if we were able to make a substantially better deal. the deal was terrible. the way it was structured was terrible if we did a substantially better deal, i would be open to tpp. >> for more let's bring in phillip swegle, former assistant secretary of the treasury for economic policy. michael fullman is u.s. trade rep under president obama and a key architect of tpp gentlemen, good to have you back michael, you told politico this morning, if there was something real behind those comments, they would welcome a chance to sit down and hear about what it is he specifically objects to do you think we're going there >> it's hard to tell first joe got a great scoop yesterday in that interview but it was interesting that the president repeated the comment more or less in his speech today. it would be interesting to know what it is specifically he objects to in tpp because a lot of the things that he said he wants to deal with, including by the way that 100% tariff o

they're also gonna benefit american consumers. - who will benefit from tpp? we've done calculations and simulated the effect and what we find for instance is that for the united states in the aggregate our incomes would rise by something like a half of percent of gdp, that's half the percent of income, 131 billion dollars by the year 2030. - there was sort of a million different small provisions about it will have a huge impact on copyright law and intellectual property and is meant to boost us services exports. we think about exports as being mostly about manufacturing, but the us sells lots of services overseas. so it's economic on the one hand, but a lot of what tpp is looking to do is to build relations with other pacific nations, with asian nations, to counterbalance china. - [narrator] proponents of the tpp argue that if the us does not ratify it, china will be more likely to succeed with its own trade agreement and set the tone of future global trade deals. - it's about american leadership in the world. we have negotiated this, we have led this negotia

trans—pacific partnership, tpp, now known as cp tpp. known as cp tpp. negotiations with nafta betweeno and the us. mexico and the us. irrelevant topic but something that means a lot to him. means a lot to him. arrangement can be renegotiated or will it be cancelled? -- korea. it is still up in the air. is still up in the air. not to so it's a tough thing to predict, his presidency. predict, his presidency. paris being slapped on some asian goods —— tariffs. goods —— tariffs. then you have the renegotiation of trade arrangements. renegotiation of trade arrangements. what do you think will be trump... agenda for asia, will it be good or bad? bad? of the global gdp and now it is less than half. than half. that and it's unfortunate for the us in particular. gmt, 10am hong kong singapore time, right here on bbc world news. right here on bbc world news. enter the australian market, its first overseas foray. first overseas foray. start commercial operations early this year. this year. let's go to delhi and we arejoined by our business reporter. arejoined by our business reporter. to compete

where donald trump looks at tpp and nafta as badly negotiated deals, really what the issue is, is youan have these trade deals but then you have to mitigate the effects of them in a given country. c coal workers out of work, manufacturing workers out of work, how do you retrain them and get them into different jobs. that's what seems to be missing from president trump's agenda. >> ali, the other thing missing, whether hearing from president trump or his commerce secretary wilbur ross who says we've been giving it away since 1945, these are antiquated views, and our bargaining stick in terms of trade has gotten specifically lower. the wto reports you have 35 nations with trade pacts that don't include the united states. when you hear the president bring up tpp in his speech and that he wants to renegotiate, you almost sense a bit of panic on their hands, uh-oh, this train has left the station, we'd best get on it. >> reporter: not something you will hear the president say, but there are concerns. the one good thing about the president coming to davos is you got to see justin trudeau sa

the tpp, ma ny a nalysts trump pulled america out of the tpp, many analysts said it was dead in thelearlyjust on life support because it has been revived. australia's prime minister has hailed the new deal, calling it a multibillion—dollar windfall for his country. australia along with japan was critical to convincing canada and justin trudeau to return to the table after he refused to finalise the tpp last year. however, the critics and the australian opposition leader say that without the us trade deal has pretty much lost its shine and that there is a lack of specifics, especially because the us it counts for 40% of the global economy, but without it, just 13%. earlier this month it was reported that the uk was possibly looking tojoin the reported that the uk was possibly looking to join the tpp, so who knows, after brexit, could replace the us? thanks very much to you both. asian share markets took a time out on wednesday as investors were left breathless at the breakneck pace of recent gains, while a fresh burst of speculative selling took the us dollar to three—year lows again

. >> i'm only saying i would do tpp if we would get a substantially better deal. the way it was structured was horrible. if we did a substantially better deal i would be open to tpp. >> that's interesting. >> are you surprised to hear me say that? >> yeah i am a little taken aback. >> don't be surprised. it was a bad deal like the iran deal. >> nafta, can you give me an indication the way you are leaning? a lot of the ceos that have been on here they all seem to acknowledge it's 30 years later and there is a lot of changes to make a lot of sense but not to abandon the deal. >> we have a trade deficit with mexico, mexico. $71 billion a year. we have a trade deficit with canada of a substantial amount of money. i have a number but they keep arguing it. i won't tell you it's $17 million. okay? we have a trade deficit with canada. we have a massive trade deficit with mexico. got to do something. we can't continue to do this? >> are you leaning towards staying in or would you really go after -- >> i always said during the campaign. as you noticed and as you actually sa

i am hoping the tpp 11 negotiations will provide important momentum for the nafta negotiations.nk it is important that we find a way to successfully conclude the nafta talks, i think it would be unfortunate if the united states withdrew and i think that would backfire against the united states, against our economy, our companies and our workers. is a very pivotal ground in montreal that just started. >> thank you very much, wendy. that was the asian society vice president and managing director joining us live from saul. 20 more to come on daybreak asia, this is bloomberg. ♪ ♪ this is daybreak asia, i am betty lou. mann in hongyvonne kong. this adds to a wave of disposal by this billionaire to raise cash that is -- at his formally inquisitive conglomerate. the sale was imminent, the exchange filing did not provide any further details on specific assets or sales. >> a unit in china's plans to buy retail access as part of the conglomerate organization, this may sell shares to find purchases after banks reportedly froze unused hna credit lines on this payments, they have been suspen

out of the tpp.of implications for trade it get more serious in terms of implications for trade in asia? rishaad: i don't think i can answer that question, but i do have a couple of people who can. president trump's trade barriers may have consequences globally, keep pressure on nafta talks. he has been repeating his threat to doubt that a court if he feels it is not working. >> nafta is moving along pretty well. if it does not work out, we will terminate it, but we are doing pretty well, so we will see how it all works out. thei: nafta's fate hangs in balance as canada and 10 nations have agreed to revive the transpacific trade partnership without the united states. speaking in davos, justin trudeau called it the right deal and says he hopes to persuade the u.s. to stick with nafta. >> we are working very hard to make sure our neighbor to the south recognizes how good nafta is and that it has benefited not just our economy, but his economy and the world economy, moree are also open to trade deals in

also called the tpp ii, agreement this march in chile.lled the tpp 11, it does not use include the united states after donald trump withdrew. timothy mcdonald is in the newsroom. how significant is the tpp without the united states? the answer is much less significant. given that it is in fact the biggest economy in the world. you are talking about a market of 300 million people. of course, by any objective measure, it is less significant. that said, us wheat growers have expressed concern about not being included. canadian auto workers are worried about being pa rt auto workers are worried about being part of the deal. it is also a very interesting snapshot of where things are at with trade negotiations because on one hand, we have this agreement, which is about come off. we have the president, donald trump, slapping tariffs on chinese solar and large family washing machines and large family washing machines and on top of that, there is an extremely vigorous round of nafta negotiations going on. that is going to be made even trickier by

tpp, when canada and mexico decided to join tpp, the reason why they joined was that this was the best way to upgrade nafta without having to renegotiate nafta, because bien dearing to 21st century standards that didn't exist when we negotiated nafta, tony mentioned it, e-commerce and digital and ipr and biotech issues, by modernizing tpp and having canada and mexico and the united states be tpp members, it would automatically renewed the regulatory framework with which we trade without having to even say nafta and renegotiate in the same sentence. the fact that many of the disciplines that the negotiators looking at today come from the tpp itself, i think it is an indication of what a modernized upgraded free trade agreement that improves our ability to compete looks like. so i think this is a very important on the issue that tony mentioned. and mike -- and trade facilitation. the paradigm is not a wool, it is membranes. they allow the good stuff to come in and filter the bad stuff out. we have the ability to do this. not only in terms of what our security and intel agencies have been

here's my answer i would do tpp if we had a much better deal than we had. the deal was a horrible deal nafta is a horrible deal, we're renegotiating it i may terminate nafta, i may not. we'll see what happens >> so you might reenter -- are you opening up the door to reopening tpp or -- >> i'm only saying this. i would do tpp if we were to make a substantially better deal the deal was terrible. the way it was structured was terrible if we did a substantially better deal, i would be open to tpp >> the president also gave the greenback a boost saying his treasury secretary, steve mnuchin, was misunderstood >> i think they were taken out of context i read his exact statement i'll tell you where i stand, which ultimately is very important. number one, i don't like talking about it because frankly nobody should be talking about it it should be what it is. it should also be based on the strength of the country. we're doing so well. our country is becoming so economically strong again, strong in other ways, too, by the way, that the dollar is going to get stronger

do tpp, if we made a much better deal.e deal. nafta is a horrible deal. we're renegotiating it. i may terminate nafta. i may not. i told stadiums of people, i may terminate. >> are you reopening the door to tpp? >> i would do tpp if we made a substantially better deal. the deal was terrible. the way it was structured was terrible. if we did a substantially better deal, i would be open to tpp. >> the president also reiterated that he may terminate the north american free trade agreement citing trade deficits. >> we have a trade deficit with mexico, mexico, $71 billion a year, right? we have a trade deficit with canada, of a substantial amount of money, i don't have a number, but they keep arguing it. i won't tell you it's $17 million, okay? we have a trade deficit with canada we have a massive trade deficit with mexico. we got to do something. we can't continue to -- >> so unfortunately, president trump's nafta deficit figures don't really line up with those from his own trade office, as axios points out, the office of the

i thought the language and when tpp was conciliatory.ould mention that specific deal. he pulled the us out of that deal of very early on. it was a deal that took seven years of negotiations, which was led by president obama at the time. and he immediately pulled the year is out because he believed it was not a beneficial to the united states. i thought it was interesting that he specifically mentioned tpp countries, we are prepared to negotiate with you on a bilateral level if it is in the interests of all. i think he is very much ink, we do want to trade, but it will be an american terms. he also said are possibly even as a group. he has a lwa ys possibly even as a group. he has always said he hates congregated multilateral deals, because he feels they attack america's hands too much. did you read into that the possibility he may be going back to tpp as a group? it is very interesting, because it is hard to read between the lines as to what he is thinking. canada hasjoined the partnership recently. that was announced this week. whilst t

on tpp, no one is waiting on us. the 11 have moved forward.european union and japan have signed an agreement. everyone is moving forward. so if we want to come back, that train has moved out. wey are already engaged, and will then have to comply with their requirements. that is what happens when you do not engage, when you are not the leader saying, come on, this is how this is going to work, and you can only do that when you interactive,ted, and joined together interagency. we have a very broken interagency. we have one holistic being led by the department of defense -- policy being led by the department of defense and others in the national security council. the process is not highly unusual. interagency processes, that is the world wrestling federation. you get in there and really jump around. at the end of the day, you have a focused policy, the president signs off on it, and everyone implements it. in our process, we not quite sure where the policy is. many times, the president contradicts it repeatedly during the day. it just has everyon

. >> i would keep tpp. but we had a horrible deal nafta was a horrible deal where we negotiated it may terminate nafta, may not we'll see what happens and nafta -- >> so are youreopening up the door to reopening tpp? >> i would say this, i would do tpp if we were able to make a better deal. the deal as structured was terrible if we did a substantially better deal, i'd be open to tpp >> that's interesting. >> are you surprised to hear me say that >> yes >> don't be surprised. like the iran deal was a bad deal >> maybe not nafta you can give me any indication of which way you're leaning. there are a lot of ceos that come on here and they all seem to acknowledge it's 30 years later. >> we have a trade deficit with mexico mexico, $71 billion a year, right? we have a trade deficit with canada of a substantial amount of money i have a number, but they keep arguing, i won't say it, i won't tell you it's $17 million, okay? we have a trade deficit with canada we have a massive trade deficit with mexico. we've got to

now he's saying tpp. he does seem to have some difficulty understanding the difference between a trade deficit and a budget deficit. the president has turned on his heels and said, hey, if we can get a better deal, we'll get it. we'll see if there's a better deal to be had. canadian prime minister trudeau went with the rest of the tpp countries and said we're doing this deal without you. that may be the flavor of the future, that other people are working around the united states. you can't fully work around the united states, because it's the united states of america. >> you're hitting the nail on the head, what my question was. if the president decides he does not want to take part in tpp, we may not be cut out entirely, as you said, because we're the united states of america. >> no. >> but if we are cut out enough, doesn't that mean it's a worst deal for us? >> that's right, right. the thing that donald trump doesn't understand about economics and i hope somebody will brief him on it is that while you c

a decision but the government would keep all options open >> we don't know what the success of the tppyet look like because it is not yet negotiated so it will be premature for us to be wanting to sign up something that we're not sure what the final details will look like however we have said we want to be an open, outward looking country. and it would be foolish for us to rule out any particular outcomes for the future. so we'll keep an open mind we'll want to talk to our global trading partners >> ta towe are joined by the hef trade policy from the british chambers of commerce anastasia, based on what he said about tpp, i can't help but wonder why is the british government spending so much energy looking at trade deals outside the current trade deals with eu partners which should be a focus? >> i completely agree. from a business perspective what matters most is retaining the existing agreements, all the existing benefits of those the interesting thing about the tpp agreement is that actually many of the countries that the eu already has an agreement with or signed an agreement with

the wall, tpp, nafta. not something that has come into president trump's mind since the 20th of january. he campaigned on these issues. the fact that we are in a time right now when d.r.e.a.m.ers are looking at the possibility of being deported to a country they don't know, 5th of march, 5th of march, when he's been very clear that that's something he wanted to see end during the campaign, i think that it's important that tomorrow and in the remainder of the weeks that we have, we try to see if something can be achieved, because these are human beings. >> but it's also stunning politico had with regard to the president's state of the union said he just needs to be normal. what is normal? if any other head of state gave a speech in davos and you were there and they didn't take the opportunity to address artificial intelligence, income inequality, technology, the refugee crisis, we would be slaying them because we're living in a world of trump, we're saying, well, he didn't trip. >> not only that, the me too

i mean just a few days ago we saw 11 nations create their own tpp without the united states. >> yes.nk that's one of the main points of his decision to come here, which surprised a lot of people. i think he has a sense that the leadership is going away from america and that's not good including for his audience. 11 countries,ou know, agreeing ther and making a rtnersp, you know, a eaty a trade treaty together without the america, okay, america left, no problem. really 11 of us together. that's humiliating in a way. so he keeps the door open, but i don't think that's true actually, but the door is open on his own terms. but if the treaty has changed, then america will join it and that's a strange conception in my view. >> let me ask you to put on your french hat now and talk about your own president. i mean you also wrote this week in "the new york times" what a difference a year makes. this week president trump is coming to davos session, displaying his america first agenda, but he said he will not be the only star. president emmanuel macron, who defeated mr. penn, the right winger w

to join tpp or is it a better idea for the u.s. to try to work around it?'s not even a close one. of course it's better for us to join it. we want to race to the top, not a race to the bottom in terms of trade. we don't want to leave asia for china to pick on smaller, weaker neighbors. i'm not going to sit here and say tpp is perfect, but it does represent an improvement. if mr. trump would say i'll join if we address other issues. china is not a member of it. but pressure to transfer technology or other such issues or government subsidies, i don't think we should be against if you would tpp 2.0. but we have to get inside the tent. and the idea of staying outside tpp or leaving a number of tnaf steps. >> news out of davos was the president talking about the palestinians saying they don't sit down and try to negotiate peace, the u.s. was going to cut funding. >> again, bad idea. we didn't help the prospects of negotiating by the unilateral declaration of jestrusalem as t capital. we ought to have given something for the palestinians if we were going to do it

the president signalled he may not be completely done with tpp. what does that mean to you? and what does it portend, perhaps, for the nafta negotiations? >> yeah. that's -- we think this kind of softer tone that the administration is taking is actually a positive sign. we will see if it lasts. i mean things certainly do go up and down these days. but we do see that as a positive sign. we think that might actually give nafta, which is in negotiations, i think their sixth round, a little bit more chance. our baseline is that nafta will stay in place although with some changes. we think this actually gives it a little bit more of a push to hold that. another thing to take into account, president trump mentioned some interesting, going back to tpp. there, given that the administration had just put some tariffs on i guess washing machines and solar panels, affecting china, particularly china, and other asian economies as well. you know, getting involved with tpp it might be good to have a few more allies in the region. >> your baseline scenario is that we will stay in nafta. wha

i would do tpp if we had a much better deal than we had.he deal was a horrible deal nafta was a horrible deal. we're renegotiating it i may terminate. i may not. i went around and tell stadiums full of people - >> you may re-enter -- are you opening the door to reopening tpp? >> i would do tpp if we were able to make a substantially better deal. the deal was terrible. the way it was structured was terrible if we did a substantially better deal, i would be open to tpp. >> well, you can catch more of that interview tomorrow, 6:00 a.m. eastern time on "squawk box. >>> joining us right now with their thoughts on the president's talk about trade and the dollar, jimmy, cnbc contributor from the american enterprise institute and jared bernstein, also a cnbc contributor from the center on budget and policy priorities good to see you both jimmy, is this part of the negotiations, you think, the president opening the door to multilateral trade agreements when in the past he said he only wants bilateral and fair trade agreements for the united states >

if we could have done the tpp differently, we would have. listen, i think president trump broke up with the world and now he's kind of like the u.s. has to move on, the rest of the world is moving on. canadian pm said, i am quoting him, a victory for progressive trade. i think japan is more than happy to fill a role perhaps than we've left on the side. but it just under lines what we have heard from this administration from the get go, which the bilateral trade. we heard the same thing in davos as well with the treasury secretary saying anyone who wants to do trade with the u.s., we are open. the u.s. wants it on its own term, which i think, you know, if you have a leader who is strong, maybe a little more difficult. >> dana: part of tpp was a geo political move. it's partly to blunt china's influence. >> yes. >> dana: so the rest of the world is like, we've got to keep going on that even if the united states is not going to be part of it. >> right. as far as the u.s. consumer goes, i wonder how we'll feel about. a lot of these smart phone p

tpp.includes countries in you can call it the trump tpp.avid: i would like to say things you haven't heard before. anna: because i asked. david: i tried to adlib. the keywords in that paragraph is bilateral. he wants to negotiate with other countries. they don't like regional or multilateral deals. that's when they pulled out of the whole tpp. he says we will negotiate with the country. it's my fear they go after wto. they are undermining it by not appointing new judges. they are already undermining it by ignoring it to a certain extent. i have no reason to suggest they will pull out. it's a 10% risk. that's what i would be afraid of. have some in the ms ration concerns about how to balance being involved and that's what they are wrestling with. how is illustrating with they have seen friends in treasury reels after this yield. the u.s. has from here. we have the fed this week. a busy week of data, as well. which data we need to watch. what is the crucial bit of data? we get all of cap the report but you are focused on the wednesday. david:

there may be things with nafta and tpp that need fixed, too. when you're talking tough with china, by definition, transpacific partnership was meant to strengthen trade that didn't include china. nafta is trade that doesn't include china. the president, i think, might be learning that you can't swipe everybody with the same brush. some trade is really, really important. all trade deficits are not necessarily bad when you are the biggest consumer country in the world. you are, by definition, going to buy more from other people than they're going to buy from you. that's the way it goes. like you said, gary cohn may have had more influence on that speech than the nationalists in the president's circle. it wasn't a sophisticated speech about trade and economics, but it was not an inflammatory one. that's the take away. he didn't really make any major news with it. it was a listing of things we already know. to the point you and i talked about earlier, the one thing he didn't talk about was u.s. economic growth. he likes to tout a number that has a

moran: i'm discouraged we are not part of tpp. besought canada announced the agreement this week. to negotiate not multilaterally, but bilateral agreements between two countries. not multi-countries. what i have done is encouraged them to negotiate those agreements now. we need every market today. in regard to tpp, real concern that leads china and a better position than the otherwise would be. i see them as our great competitor and they don't play by the rules. we need to make certain we don't make it easier for china to dominate the trade markets. shery: also not easy as we turn to domestic politics. it is a busy day for the senate. senator schumer taking back is offered to find the border wall. have negotiations become more difficult on immigration? sen. moran: with the government running and the conversations that have occurred, one of the things probably not seen on the news is the number -- i said this week and after the government -- after the vote was cast to fund the federal expenditures, you look around the senate floor and there are pockets. a dozen senators having a co

let's go back to the tpp. the president as well as secretaries ross and mnuchin understand to embrace the southeast asian countries is strategic to american wealth and also to american national security. if they are not trading with the u.s., they are trading with china. john: you talk about trade and economic boom. when you talk about solar tariffs. you only have 40,000 jobs in manufacturing. it looks like a tariff will shut jobs in america. is that right? >> i think so. the two companies benefiting from this tariff are foreign owned and they are already going bankrupt. we just spent 8 years massively subsidizing renewable energy. everybody else who is linked to solar is facing 30% higher costs. this will have a negative impact on american jobs. if you look at washing machine tariffs. consumers will be paying 8-20% more for their washing machines. john: it will cost understand a st. louis jobs. people bring up the trade policy in the 1930s that reached a high in 1933. a 19% tariff on 30,000 different groups.

. >> and indeed the trans-pacific partnership, tpp has declared itself an 11-member strong unit, freenit without the united states. >> this is an important moment. in some sense people expected tpp after the united states withdrew would expire, that would be the end of it. instead, you found canada and other countries stepped into the breach and said, look, we will seek to maintain the global order the u.s. once chose to lead. the question for the u.s. will be whether or not we want to try to regain that position and reestablish our authority or whether we are more comfortable in an age in which we are not so clearly the primary leader. >> evan osnos, thank you for your insight. >> my pleasure. thanks, christiane. >> my comfort earlier with evan on the continuing global rise of china. that's it for our program tonight. thanks for watching "amanpour" on pbs. join us again tomorrow night. ♪ >>> "amanpour" on pbs was made ♪ >>> "amanpour" on pbs was made possible ♪ ♪ ♪

tpp is critical for a lot of asian economies.e of your reports, you indicate that india is poised to be one of the fastest growing economies in the world. slack,a pick up the should china slowdown? david: we think if china plays its cards right, and they seem to be pointing in the right direction, they will continue to grow. one third of growth in the world last year came from chinese growth. with two thirds of global growth coming from emerging markets and a good part now coming from india. india will be a new growth engine, and integration of asia altogether will also i think be good for the participants. tom: i had dinner with ken rogoff the other night. what a joy it was. this is important for the singapores of the world and the commodity nations. all of the focus, dr. lipton, is .n euro-dollar, dollar-yen what does this verbiage of the president and secretary mnuchin made for currencies -- mean for currencies that do not have the power of europe or america? what is the damage of this language to currencies we do not talk eno

i would have stayed in the tpp. but i don't see these as disasters for american foreign policy. >> let me ask you about something else in which you are one of the renowned experts. that's russia. you know vladimir putin better than almost anyone. >> pretty well, yeah. >> in america. talk about him and what he is up to right now. >> well, vladimir putin is emerging or maybe he already has, as someone who out of his bitterness about how the cold war ended, out of his sense that the west set out to humiliate russia, has created a narrative now. in which russia is only going to be great by the old fashioned way of atok rysy at home and aggressiveness abroad. but i think starting with the obama administration and continuing in this administration, we've sent pretty strong signals to the russians that this behavior is unacceptable. >> you aseptember they tried to interfere in our elections. >> i think putin just likes to make trouble for us and he wanted to sew chaos and he wanted to show our democracy wasn't soerer risk.

to be seen as a hardliner in china and pulled the plug on tpp, a lot of people are confused. >> will take two from over here. for some reason, all the ladies are lined on the side. >> there quick to the fight. i was hoping you could speak to the rate of staff turnover in the administration. how has this different from previous administrations and what is it say about the current administration? >> there are many ways to answer this, i'll just say i don't really know the reasoning, i'm not in there. what is not normal as high-level departures in the first years. what is typical or departures after about two years. these jobs are high-pressure, especially the first couple of years. it's not just dragging from a firehose, wisconsin. you wake up and you have a hundred messages to answer. what i think is different is when i came into the obama administration we are like a family. like i can punch my brother but you better not punch my brother. >> your family. there is already game of thrones in this white house is about personnel and who is up and who is down. >> you people throwing rocks

melissa: steve, what about that on tpp? let's attack that problem first? >> the president modified in his position he made it clear in the past he likes bilateral agreements. he not averse to regional agreements or multi-country deals, that is escape hatch that is huge. he will go in if he will get a good deal. this rhetoric he will not have trade deals. yes a lot of countries are negotiating trade deals, 35 at last count, he made it clear now the u.s. will are part of it he will do better than thinks of his predecessors. i thought that was a major move in the right direction. melissa: marie, what is wrong with that? >> we'll see if anything comes to fruition here. he took this big trip to asia a few months ago, where he said we'll start bilateral negotiations and vietnam and others didn't seem excited. when we were negotiating so long on tpp the proof is in the pudding here. he has a way to get out of some of his past rhetoric on this i'm not sure how much of a focus. he is coming back. he has to deal with immigration. they want to talk about infrastructu

that's what we did before the trump administration with the tpp. that's what the trump administration has walked away from. we're not just talking about tariffs, we're talking about very complex agreements on how we sell services to other countries which is the thing that america is really good at. so in order to sell those things, in order to figure out what the barriers to trade can be and can't be, we need to be part of the complex discussions. >> all right, brother velshi, can you hear me? >> i can hear you. >> so walk me through, you know, we have already heard from countries like india and also one of the main themes in the world economic forum is to take national borders down. and they argue that protectionism is a huge challenge around the world and it is the responsibility of the larger more established countries to help the others. now, president trump would most likely argue against that. whether or not he made the s-hole comments a couple of weeks ago, that is the president's view. >> you know how to make me jealous because that convers

regret ofaybe trump's pulling out of the tpp and he could pursue bilateral deals. then: china is becoming country of influence in asia. trump doesn't like to see that. he likes to see the u.s. being the center of influence throughout the world. my feeling is he will have second thoughts. i don't think much will come of it. the big call in the u.k. is that jeremy corbyn will become the next prime minister. mark: hold that thought. we will talk about jeremy corbyn in the next section. vonnie: we will get to europe and a lot of your predictions there. you do see a 10% correction to the s&p 500. it will finish the year much higher. byron: everybody is talking about a 10% correction. they talked about it throughout 2017. i think we will finally have it. i think it will be a correction, not the beginning of a bear market. vonnie: hold some of those thoughts. we will come back with byron wien of blackstone. we will be focusing on the global economy and future of europe. this is bloomberg. ♪ london, timeom mar i am mark barton. vonnie: i'm vonnie quinn. back with byron wie

been consistent on the fact what he what he sees are bad deals and if that means jumping back into tpp that would be an amazing turn about but if it's good for the united states it's a win. he's got so many economic indicators he can point to that are successes. >> shannon: you're successes tonight and i don't know what that is about visiting the rich and famous on fox news but come back. >>> a report by politico shows the president is planning to sign an executive order to keep guantanamo bay open. according to the report the president is expect to announce the order next week during his state of the union address. >>> well, for the third straight week u.s. health officials said the flu has blanketed the u.s. hawai'i is the only state being fa spared. it's been the highest level of flu activity since the swine flew in 2009. they're still urging people to be vigilant to void the virus. that's a big change coming at planned parenthood and with so many illegal immigrants we'll chat live way woman who immigrated illegally who said she's fed up with the dreamers and defenders. >> hi, every

tpp is something i care about a great deal. when i say people are confused, they say the ministers and kim and hardline against china. to all the world, tpp looked toe one of the great coups stand as a buttress against china and to force china to adhere to western standards of trade and business operations. -- to be seen as a hardliner on china and pull the plug on tpp, many are confused. that you could speak to the rate of staff turnover in the trump administration. how has this differed from previous administrations? what does it say about the current administration? >> sure. there's a lot of ways to answer this question. i will start by saying, again, i don't know exactly a lot of the reasoning. this manyt normal is high-level departures in the first year. was typical are departures after two years. these jobs are very high-pressure, especially the first couple of years can be -- it's not just drinking from a fire hose. it is constant. you wake up every day with 100 messages to answer. when i came into the obama administrati

this presidency, was part of the travel ban, part of pulling out of the paris climate deal, part of tpp, part of border security -- >> do you want me to go through the list? >> no, you don't want you to go through, but is it really the position of the trump white house that steve bannon had nothing to do with the presidency or can youage knowledge the reality that he was a key player? >> i think the point is that his role has been greatly exaggerated. whereas the president hasn't gotten the due he deserves for the movement he put together to tap into the kinds of people whose life concerns don't get a lot of attention on cnn. not a lot of hours of coverage on this tv talking about the working class construction workers who have lost their jobs to foreign labor. there is not a lot of coverage on this tv about the people getting slaughtered in sanctuary city. you don't do a lot of human interest stories about immigrant communities under siege from the ms-13. he tapped into a reality that is happening in this country that is not covered on this network. i know you think i'm interrupting yo

>> this kind of president trump usually because he pulled out of tpp. canada jumped right in, announcing that they have their own trade deal with the asian pacific countries. countries are negotiating without us. we're being doubt out while china is on the march. >> countries are trying to do the best they can without american leadership, but they can't really make a good tpp deal without the united states. and they know this. and therefore they are going to feel like now that donald trump has opened that door again, they will feel ifs americans come in, it will be a much better deal. yes, they will make a deal without, but they need to have america in it. >> and the whole idea of him being this nationalist was what endeared him to so many american voters. i don't think they pay attention to what he says. but this is donald trump really sort of rolling that back a bit and we should note this is a speech that gary cohn wrote, not steven mill are oer oig which i important point. >> as president of the united states, i will always put america first just li

set by soren skou great to you have on today we were hearing from justin trudeau talking about the tpp finalized just a few days ago here there's no question when you think about what we've heard from global leaders here so far, it is in a way a rebuttal to what we heard coming out of the white house, the america first policy we heard modi yesterday saying those against globalization are rearing their heads what is your expectation for president trump and what he will say on friday and what should he say given the audience here? >> first of all, it's important for me to say that over the last 30, 40 years global trade has created enormous economic growth, jobs, income, consumption opportunities, we all get richer when we trade with each other. we clearly also have a situation where some parts of the population surrounding different countries are not feeling that they're part of the journey. we have to make sure everybody is brought along on the globalization journey. >> it's interesting, we heard gary cohn saying america first does not necessarily mean america alone. perhaps offering a

haidi: is there any indication there is some are a grant when it comes to nafta or tpp, or maybe we will softer walk back when it comes to his rhetoric on trade? richard: i don't know if it is regret, so much as the right hand doesn't know what the left hand is doing. think what we see being played out in the changing landscape of the president's position are they different positions of different people within the administration. we see it in trade policy, economic policy, we see it in social policy around immigration. this immigration plan he will put forward in his speech, and that he put forward last week, offers the so-called dreamers a path to citizenship, which is what the democrats have wanted for a long time. yet, is very difficult on enforcement, it suggests a $25 billion trust fund. an incredible, staggering amount of money we would set aside. $25 billion to build a wall. it will not happen. it is a bit of political stagecraft to make the president seem reasonable, and also appeal to his base. haidi: richard, a pleasure to have you. head of public affairs and a former senior ad

will we try to get in tpp now that it's already moving forward?r just sort of a trial balloon? what do you know >> well, nafta just is concluding its sixth series of talks, the ones up in montreal just got finished. they've made some progress again on easy issues very little has been done on the hard issues. but there is another round that will be in another several weeks so we remain optimistic that there could be some progress made, but it is far from being completed at this point. >> so you -- you can't assign any type of probability. i would think, you know, i saw another piece yesterday or the day before in the wall street journal, an author wrote that it's nafta's responsible for our .5% gdp every year and if we get rid of it, you know, it's just going to make it more difficult. in your view, is the president still negotiating by holding out the possibility of exiting it completely or is that a real possibility? >> well, it's definitely a possibility. it's hard to debate whether the deal as it will be finally presented to the president is go