that is what the tpp intended to do. the tpp has a chapter on state owned enterprises. some of the challenges with state owned enterprises is that they receive a variety of government support, financing. sometimes state owned enterprises are not just players in the market but actually also the regulators of the market. i think when americans look at this, we are struck at how unfair that is the the tpp included provisions to address that. even though the tpp did not include china, like getting a whole bunch of asia-pacific countries to agree to those rules, you can have an influence on chinese behavior. it is not going to turn them around one day to the next, but that is one form of changing the environment in which other countries operate, including china. those are some of the elements. surefire likely to work from one day to the next, but at the same time, tariffs bring their own cost. at the end of the day, it is attacks. levying ares we are paid by american consumers, not the chinese. i am just curious, with the chamber and business community at large, do you see b

but tpp was going nowhere. the real question isn't looking backward, i think the real question is looking forward. how do question develop better relations with the individual countries? how do we maximize total trade while at the same time dealing with the imperfections in their systems? government procurement problems, the corruption problems, the standards that are not science-based problems, and myriad problems that contribute to the trade deficits and that are not part of free trade. that's the last point that i would like very much to make. the president has made extremely clear, both at the g7, more recently when we were talking with the eu, his objective at the end of the line is a 30's. three zeros. zero tariffs, zero nontariff trade barriers, and zero subsidizing businesses. if we can get to those three, we believe that american business can be very, very competitive anywhere. but we do need a levelized playing field, and many of these countries, including in the indo pacific region, are far better at

why was it that tpp never had the votes to pass? most every democrat was against it because the tpp the same model, leasing outsourcing. so here are the things where the administration has proposed doing things that ironically labor unions, groups like ours, public citizens and congress have been those changes for decades. one thing is to get rid of the outsourcing incentive and nine balls rid of the protections as a provision called investor the dispute settlement, i'm not going to go over it by elected and therefore holds today into later. if that mechanism that was so controversial in tpp where companies are empowered, foreign companies get special investor protections which they are empowered to enforce against the government , not by suing the government by going to tribunals of three largely corporate attorneys who arbitrate the case on the nafta rules and can demand or order the us to unlimited sums to the investor, to the foreign investor if they don't get special privileges. are about half $1 million has been paid out. the

why was it the tpp never had the votes to pass? because almost every democrat in congress was against it because the tpp had the same model as nafta, the same outsourcing center. here are the things with administration has actually proposed doing things that ironically labor unions, groups like ours, public citizens and democrats in congress have been demanding this changes for decades. number one thing is to get rid of the outsourcing incentives and that involves getting rid of the investment protections. there's a provision called investors state dispute settlements. i have slight on that. i will not go over that. if that mechanism that was so controversial in tpp, or companies are empowered, foreign companies get special investor protection which they are empowered to use force against the government, not by suing the government but by going to tribunals of three largely corporate attorneys who arbitrate the case based on the nafta rules, not u.s. law and can demand order the use to pay compensation unlimited sums to the investo

kristina: why not just have the tpp? if it's back door tpp, you have china in the equation. >> because if we had a regular tpp, trump wouldn't have got what he wanted. he wouldn't be running the country like a business which i think is the correct way to run this country. then we wouldn't have that. we would be too dependent on others. this is the best way to work it out. he's getting the deal with everyone the way he wants. >> if he stuck with tpp, the president would have been able to claim victory for pulling out of tpp. actually, a lot of the provisions now put into this quote, new trade deal, were part of the tpp. in fact, this is really a rejiggering of nafta. we changed certain amounts of wage costs, where certain products can be sourced, but i think part of what you are seeing in terms of the market is some fear being alleviated over further tariffs. lot of people have been sitting on their hands, unsure of what further tariffs. if this deal can solve the president's trigger finger when it comes to tariffs, the m

it will be an issue that delayed tpp for five years. it's a technical issue that has to do it who's in charge of the patents. we want both to be in charge. the other countries don't want that. and patent extensions. e-commerce, there's fights that have to do the fight between consumer privacy protection versus free flow of data. they want to like in no tax policy and i'm worried about because being e-commerce not having to pay tax gives an advantage. the chapter fits like tpp could have limits on regulating for those of you who cover this they're just starting to grapple with how you balance free speech but not getting scans. the copyright issue has to do with the extensions and penalties. there's been content industries tried to get their hippo rules recruitment allies. they make it a criminal penalty that chapter, not a lot of people know where that is. on food safety, their issues having to do with what standard of safety is required in labeling. this is a story where you can tell a story very vividly of how trade is more than tariff

maybe it is time to revisit tpp. in different meetings he's indicated we will take a look at that. i will leave that to the assistant secretary for trade and economics as to how far along the administration is looking at that but again it goes back to my original point. the trump administration has this tool. it has trade promotion authority. that's a very powerful tool to use that congress has granted the executive branch and my advice to them is if you don't want to use it in terms of a multilateral agreement like tpp then use it in terms of bilateral but use it. >> i think we are about out of time. any other comments you would like to make senator about the indo-pacific relationship or change a policy going forward? >> will look this issue of building trust and bipartisan executives legislative approach to the u.s. india relationship is what we need to continue. started with the bush administration. i served with under secretary of state nick burns who is critical in terms of getting the u.s. india nuclear agreement through the senate and a lot of you and i know the chamber was

canada has joined tpp. you are seeing the eu go out and make free-trade agreements with other countries so everybody else has continuedown this path but us . so finally, we want them to continue to build on the impacts that they implemented. we are hoping we can see a modernized nafta soon, it's made tremendous progress. we have seen a tremendous amount of vehicles and auto-parts in our neighbors. we support modifications to what these auto rules were on how much content would be in a vehicle in order to qualify for duty-free treatment, so we don't want to upend the balance that nafta has created. we've seen the bilateral announcement that was made last week on autos are 10 percent of transatlantic trade. we've made tremendous progress under ttip which was an agreement that was undertaken in the previous administration. that's been kind of put on the back burner and we strongly encourage them to pick that up and build on the progress that you've already made and lastly , to further expand access for auto ex

tpp remains?f the 11 are left at the altar. the u.s. was a big advocate of it.ainly the japanese are pushing the conclusion and implementation of tpp and wants to bring more countries into it. at the same time the door is wide open for the u.s.. i think all 11 would welcome the u.s. back with open arms and would probably offer a little bit more. if you are looking for the big source of allied support with the u.s. that would make beijing really worried, it would be the u.s. doing the surprise of surprises and going back to tpp. >> you are singing this could be the end of china-america. in your view what was it and if it is gone, what is that mean for both sides? ande still have the u.s. china economy steeply integrated into global supply chains which involve both producers and consumers, investors investors in both countries, financial markets are linked in many different ways. is the massive economy we are both connected to. that would mean is the intermediate trade and investment reduced dramatically between the countries. even if that is the goal of some in t

they have the tpp in common with the mexico. a free trade agreement. perfect because then the supply lines between the three countries get mixed up. it is not something anybody wants to do. there are a number of different options. we will have to wait and see how it plays out. shery: michael mckee, thank you for that. let's talk a little more about this bilateral agreement. we are joined by former ambassador antonio garza from mexico. he served as u.s. ambassador to mexico from 2002-2009. he is now a counselor with wide in case. think you so much mr. ambassador. always great to have you with us. there is no canadian participation by the deadline, is it still beneficial for the u.s. and mexico to move ahead with their own bilateral deal? tony: i think it is only ultimately a better agreement if you have a trilateral agreement. with the u.s. -- what the u.s. and mexico did was announce a preliminary agreement in principle. i think that was an effort to narrow the issues. particularly those have been most contested in the context of u.s. and mexico. the r

trish: tpp 2.0. >> that is a strategic approach. trish: some kind of trade agreement that would force china's hand? the rest of the world saying -- >> trans-pacific partnership of all the major economies in asia. trish: tpp 2.0 is what i said. it will be the trump trade agreement. that's what you would like to see? something should be done, would you agree with that, austan? >> something should be done. there are many ways to do it. go through the wto process. trish: the wto doesn't work. forget the wto. i would rather see tpp 2.0 before the wto does anything. >> you can get massive is fines and other judgments against china cause them to change their behavior. >> i want something faster. >> but you need allies. this isn't faster. this is asking the american people to pay higher taxes in order to fuel, a lurching no strategy approach to the chinese. we haven't made demands. we are not even in negotiations with them. trish: well you know, the market doesn't seem to care so much, which is interesting. >> that's good. let's hope that c

at the dnc -- >> cue the -- >> -- holding up the big "x" through the tpp.cause no matter who won with all due respect, tpp was never going to happen. hillary clinton was against it president trump was against it by the way, the democratic party has come against tpp i mean, it's very frustrating to listen to everybody say -- it was an easy win for president trump to say -- >> you're getting all worked up over this. >> i listen -- because over and over again i hear this criticism. >> i'm not susan sarandon, so ooum not defending her. >> but to say we should have stayed in the tpp, it wouldn't have happened. >> is donald trump saying i'm not doing anything unless the american people support it he's arguing against nafta i voted for nafta. my party didn't like it. labor didn't like it it's true that there's disagreements here but you expect a republican president to support trade and he's not and that's his decision. he wasn't influenced by susan sarandon he made a choice to say i'm going to get out of the tpp. all i'm saying is that weakens us >> my point is i

to join the tpp. us, the japanese investor to the u.s..'s chief negotiator -- tell us what was achieved in this first round of talks cfo >> thank you for having me -- round of talks. >> thank you for having me. you do not expect this will finish in a day or two. it is just the start. negotiators the have to sit. that did not bring out concrete results. i think it was anticipated. it was very good. does the u.s. hold the upper hand? they seem to be dangling this threat of auto tariffs. the prime minister actually avoids some type of concession that hurt him politically. beenthink the u.s. has thinking of the auto tariffs and the japanese would like to avoid it. that is the reason we have to be meeting. --hout that, japanese is not if they make any discussions with -- we have to avoid it. minister i think has to be very mindful about agriculture. this is a very important area for japan. line have to find a fine where it is a win-win. maybe we do not come to agreement before the september meeting. we have to show we're making progress. think

-- back into the tpp on my terms.esident entertained it? >> i never liked the adjudication features, and i thought they were stacked against america. but look, before we get to tpp, let's make some more steps here. mexico, hopefully canada. we've got an e.u., european union, deal cooking with a lot of goodwill on both sides that i'm involved with with bob lighthizer. regarding china, brian, okay, we've had all these meetings with china, and they have not come to anything. do you remember years ago, this is the first time i was in washington working under president reagan. mrs. nancy reagan was fighting the drug epidemic of that time in the early, mid 1980s and, brian, tumor what she said -- do you remember what she said, just say no? she was kind of ridiculed, but she had the story right. here's my advice to my chinese friends. just say yes occasionally, okay? [laughter] you can't negotiate if you're always saying no. no to drugs, terrific. no to any reforms on trade, not terrific. we've never heard anything really po

withdrawal from tpp, and it is designed implicitly to counter china's b ri. of state was trying to sign up to an alternative vision of the economic order in the region, one built around openness and transparency and where capital markets would lead the way in financing infrastructure and development. haidi: that opens questions on whether they should go between china and the united states and all the issues of trust further from there. , university of sydney professor, stephen kirchner. you can get a roundup of the stories you need to go in daybreak. on the go to dayb terminal. this is also available on mobile in the bloomberg anywhere app. you can customize your settings so you only get news on industries and assets you care about. this is bloomberg. ♪ ♪ ramy: welcome back. i'm ramy inocencio in new york. haidi: i am haidi stroud-watts. the annual forum gets underway in the gold mining town of cargo really in western australia. our reporter is on the ground. what is the mood like? it is not a bad time to be an aussie gold miner. paul: that is right. the

was taking its eye off the ball when it came to asia when they withdrew from the track —— from the tpp he came into power. mike pompeo saying this is not the case, but is this true, considering some of the protectionist stance, the america first policies that trump as pursued? it is fair to say that losing the tdp was a blow to some of the countries in this region, in particular malaysia and vietnam, the estimated gains that they will face from the smaller agreement was up to half of a third if america had stayed in. that led to a fear within the region that the us, if it was the region that the us, if it was the retreating, it was perhaps looking at the region with a less intense focus than the previous administration. it is unclear whether that is really the case. let's ta ke whether that is really the case. let's take a look at the markets, we see the markets in asia are rising, taking cues from wall street, where we saw higher technology stocks. and we saw higher technology stocks. and we had the bank ofjapan with their policy meeting where they didn't make any radical changes. tha

were very upset with the united states pulling out of the tpp.s together were very strong. australia and japan should get the credit. do you think there is the likelihood that the united given may rejoin the tpp, that it is one of the most powerful ways of countering beijing? >> it made sense. obamahe bush and administrations were big advocates of japan joining. when it did not join, they made great efforts to make sacrifices within the agriculture sector. there will beime an opportunity to rejoin the negotiations. i don't know how soon that will come. makes so much sense from an economic and security standpoint. this allows to bring asia into the world community and play by the same rules as everyone else. the japanese are so interested in keeping this alive. the japanese have this as a front and center concern. there was a former defense minister talking about concern over china. is there any chance this aspect has gotten any more importance with donald trump than it has been? there were some indications it might be in the interest of the unite

protection is better in this than it was in tpp. agricultural protection is better than it was. of course again, government shouldn't have his fingerprints this involved in trade or else it's not really free trade. >> right, you just understand this is a done deal, this is good. no it's not. 90 days in congress. if they want to join, it seems like maybe they will because of a sunset clause changing every 16 years in the fact that right now trudeau, the prime minister over there is not polling as well. he wants to show he can get a deal on the table. however coming of a lot of pro-free-trade republicans. a report in the "financial times" saying they are trying to figure out if they can squash the bilateral deal. they originally set a trilateral deal. canada is the united states second-largest trading partner. we cannot discount that at all. charles: kenna discount america? >> that's what i was going to say. charles: i think our trade is miniscule. as a percentage of our overall gdp as opposed to our trade with them in their gdp. >> which is why can the best interest for canada to

tpp is gone, okay, it was too weak on trade protect, because.ada did not have to protect the trade secrets of blackberry, thank you very much. >> and drama surrounding elon musk plan to take tesla private, golly, talk about an amazing soap opera, next. ter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. that's the same thing ti want to do with you. it's an emotional thing to watch your child grow up and especially get behind the wheel. i want to keep you know, stacking up the memories and the miles and the years. he's gonna get mine but i'm gonna get a new one! oh yeah! he's gonna get mine but i'm gonna get a new one! when it's time for your old chevy t

. >> here's what i don't get, if multilateral trade deals are the best way do go after china with tppwhy do they want to blow them all up? >> i'm a defender of the trump policies. and here's what we can't all fall into, because of the way we feel about trump politically and personally and the damage to our democracy -- >> what? >> well, a little bit. the goal here is free trade. my party. my friends, from barack obama to bill clinton, didn't get us to free trade. it was structured trade. >> just because they got it wrong, what makes you think he's getting it right? >> well, because finally, these imbalances had to be confronted. the europeans came to washington last week and proposed a zero tariff in both directions, trade relationships which they've now -- >> which is what we're working toward with tpp before this happened? >> obut with the europeans we hd not gotten there in 50 years we had these imbalances. massive imbalances. where we were discriminated particularly with the germans in august and agricultural products. say what you will, this is a high-wire act and it is dangerous

david: tpp passed through without congress, right?agreement but had to be through congress. trade promotion authority. congress can't amend it. it is up-or-down vote. what administration wants what every previous administration wants up-or-down vote. if negotiators can know at that congress will amend the thing, they will not make any concessions. david: steve, we'll interrupt. here is the foreign minister of canada. can we get sound on that? there we go. >> i will make a few remarks. then i'm happy to take questions. [speaking french] >> translator: we are making progress. a deal very complex. like i said from the beginning. she working in the best interests, good for canada. good for the mexicans. good for the americans. win, winning, winning. [speaking french. kristna: that is what we're working on, with flexibility. i know we can get there. as you heard me say before, i'm paid in canadian dollars. that's why it needs to be beneficial for canadian workers. and the canadian industries. [speaking french] kristna: we will only sign it

rough tpp. laura: ok, what what about the u.s. congress? what will they think abo j a deal that t with mexico? cason: the u.s. congress -- first of all, yoot count on the deal making it through the congress right now. congress -- it will have to get through the congress midterm elections. it is still to be determined what exactly is the result of the midterm elections. u.s. congress has been supportive of a trilateral deal. and if certain provisions are weakened -- it is going to be very difficult to get business groups on board, as wl as some of the higher wages in place as part of the u.s.-mexico accord might win additional suppor from u.s. laions, but you still cannot count on domestic -- laura: no, indeed, but is it quite a turnaround ino u.s.-mexlations? president trump on the phone with the mexican president today. jason: yeah, the mexican president offered to have tequila president trump. i think it is an incredibly portant point. this is -- yes, it is an economic deal, it's about the commercial vitality of u.s.-mexico, and should be

gets protected here than it did under tpp you can quibble. coming into this country because it helps the consumer. before you can be a consumer though you have to have a job. so that is the sort of chicken and egg thing. stuart: love it. stay there, charles. want to digress for the market because you're doing well again. we're doing 26,100 on the dow up2 points. -- 52 points. far more winners than losers. i have to tell you that earlier this morning i talked to economic council director larry kudlow. listen what he says. i asked him if there is anything that can stop the rally in the market? roll tape. >> i hate what if. looks these things don't go on forever. it's a cycle. i'm believer for buying stocks in the long run because i'm a believer in owning america for the long run. stuart: didn't seem to see any real roadblocks for this market rally in the immediate future, nor do you, i think. >> i don't. the biggest potential roadblock would be the federal reserve. we found out on friday that jay powell is a friend of this market. he, listen, j

the tpp negotiations laid a foundation to move relatively quickly since they wanted to do so on their own trade agreements and in particular, high standards can be set on state owned enterprises and property protection which we can then take and make clear what our benchmarks but i think we start with the philippines, they very dense and very hard work of identifying steps they would've needed to take for transpacific partnership. the president brought this up with president trump last fall, they're interested in serious about deepening trade and so that's where i would start. also footwear markets. we would see a series of high-quality bilateral fda's or perhaps theçxd evolution in. i'll talk about infrastructure investment. we are seeing the beginnings of some of this work but more needs to be done going forward. basically we want to make sure that china is not the only game in town in southeast asia when it comes to infrastructure investment, that they can go to the asian development bank and other partners who have interest. were not going to match china dollar for dollar, but we

negotiator on tpp and currently rock creek global advisors managing advisor.inding the straight story a little more positive? are you optimistic? a case of the u.s. and the trump administration muscling their way into an agreement with mexico? >> overall, it is too soon to tell. -- theeement with mexico administration has a limited amount of information about the agreement. there are some aspects that are positive, where they have made some progress. for instance, in updating the agreement on digital trade, which was not a part of the initial nafta agreement. there was no digital trader the time. they also included many -- there was no digital trade at the time. somealso included worrisome aspects to what they agreed with mexico. for instance, they stripped out the core protection for that u.s. investors had for decades with mexico. reached some detailed, complicated, and brutus some desperate and some commitments somend burden commitments that consumers will see on the sticker prices of their cars. haidi: do you think it is realistic that a deal will include

with regard to the role -- do you think americans should join the tpp? thank you. >> so the first question, actually after third or fourth i got the first question was about -- >> maritime -- [inaudible] >> so we do have a program sucs msn security initiative that contribute to capacity building, in some cases in partnership with our state department colleagues. these are investments in actual material, things that, radars, things that support maritime domain awareness. in some cases it's the united states and some cases it's the organization assisting with how they organize an approach maritime security. so we are a partner with our state department in these efforts. i think i get our flagship program being the maritime security initiative. again, now i'm sort of forgetting the second, third follow one questions. >> i know there was something about taiwan in there. >> we think taiwan is an important contributor to the indo-pacific, free and open concepts. certainly demonstrates the free part in terms of, as we say, internal, the good governance, democra

backdrops is one of the first things that trump did was leave the tpp.see any signs or hear anything in washington that he relies he has to put all of his firepower on china and cannot be attacking japan and allies? he has made alliance with -- alliances with the eu. this is about geopolitics along the trade. it is about having alliances in asia. if he is not sure thinking that broadly about all of this. quite athat is plausible and important strategy in the long run. i certainly here a lot of thinking in tokyo about the japanese liking to see us coming back to tpp. i think they have done a reasonably good job of holding it together on a temporary basis. not that it would not come back in the trump administration, but looking toward the long-term, something which has both of the trade implications and a say, itical one, as you think many people in both the u.s. and japan think that combination is an important one. it is a very good way to press the chinese. haidi: you said this is not the 1980's in the first point is how integrated global supply chains a

indeed, in the case of our negotiations with europe, and the case of tpp, canada agreed to concede inhose areas. that is doable. what is important for us is ensuring that -- shery: we will have to cut you off for a second or we are hearing from canada's foreign minister. let's listen in. good afternoon, everyone. as we said this morning, we are continuing to negotiate with investor lighthizer and his team. after meeting on -- i will be happy to come out and answer your questions. she has just left, the minister continues discussions with ambassador lighthizer at the u.s. trade representative's office. mr. beatty, thank you for sticking around. we have talked about some concessions that could happen in the dairy sector. if the primeime, minister is saying a bad deal is deal, is that also true for canadian businesses? you put the question earlier, but what constitutes a good deal? the same question should be asked, what constitutes a bad deal? what is a worse deal than having no nafta at all? we will have to look at what the final package is. the disappointment in this process is we had

rob: the president has so much disdain for multilateral trade deals, deals like tpp and nafta and likesgo one on one. tell us why nafta as a deal between the united states, canada and mexico was not as good as 1-on-1 with these two countries. >> the president made it clear he is following that plan. he made a deal with mexico. he made it clear that deal could stand alone. of canada wants to come in we could make adjustments or have deal with canada. rob: previously why was nafta so bad for the country he felt the need to do this? how were we losing on nafta? >> the president's position always has been we had terrible deals and the reason they are terrible is he believes in fair trade which means in effect let's get rid of tariffs completely or make them even. when they are not even there is something wrong. the president feels we could outperform other countries if we have a level playing field we win. we don't have that with nafta. jillian: what is next after canada? >> the president gets canada on board eventually, canada will claim victory because they signed on to this deal which av

there are areas in which canada has compromised with the eu and countries in the tpp. there is somewhat of a room there. the foreign ministry yesterday briefed provincial government ministers and they did not raise objections. one has to assume that maybe she floated the idea of some changes rather than take them by surprise, and they were at least willing to live with some. waiting to find out if that is enough for the u.s. or the u.s. position is enough for canada. vonnie: business roundtable suggests the u.s. needs candidate in mexico to have enough leverage over china. is that true? actually, the -- canadian foreign minister is speaking and we will have a listen to what she has to say. we had the shot and we will go to their when we have sound. let's turn it up. we will try to bring your headlines. stand up for national interests and looking for a good deal, not just any deal. as the rhetoric continues, does not seem there is progress. issue just fending off reporters on the underlings do the real work -- while the underlings do the real work? >> we never see rober

they did the same in tpp as well.ve shown some ability to give additional access to the market. another sticking point on this altrao filtered milk -- altered milk. with, theys dealt can tackle this issue. >> let's move onto something tougher. the dumping panels. that seems to be a red line for the prime minister at this point. it was not addressed with mexico in a way that canada can accept. back a bit of history, when the original nafta was put in place, the canadians wanted to make sure there was independent arbiter would never trade disputes. in chapter 19 as well as other chapters within nafta. this is important to canada because we don't want to be in a position where the u.s. does something to canada and canada doesn't like it. they don't want to be reliant on just one versus another. u.s. does not want to have to go to mexico or canada to do lawsuits in that country. they like the independent arbitration. it will be interesting to see how it works out but i'm sure there is a compromise. i think you can carve o

got out of tpp, the other trade deal, that makes it more expensive for harley. you see three ways the trump policies are hurting this company. >> regardless of trade policies. this is an odd dynamic to encourage a boycott of an american company because they made smart business decisions. >> never seen sliomething like that. >>> ahead, how on earth was a man in seattle able to steal this passenger plane prompting a military response. what he told the control tower moments before the fatal crash. , . i'm beating this. my main focus was to find a team of doctors. it's not just picking a surgeon, it's picking the care team and feeling secure in where you are. visit cancercenter.com/breast and it's time to get outside. pack in even more adventure with audible. with the largest selection of audiobooks. audible lets you follow plot twists off the beaten track. or discover magic when you hit the open road. with the free audible app, your stories go wherever you do. and for just $14.95 a month you get a credit, good for any audiobook. if you don't like it exchange it any

we have the tpp better way to go to negotiate the trade deals.inton was opposed to the tpp. >> nafta happened because the tough work on negotiation was done. it was a bipartisan effort, republicans in congress joined with bill clinton and they got it done. so under your scenario nothing ever good would have happened. stuart: wait, wait. you're suggesting we get back into the tpp, whatever, it is not going to happen. it is never going to happen. >> the president said he is open to it. i hope he is, i think he is by the way. you mentioned china, they have got problems, protectionism hurts everyone. it hurts the world but most importantly to us, at americans for prosperity it hurts american consumers. it is going to undermine an economic recovery that this administration has worked so hard to get rolling after eight years of disasterous -- stuart: i insist on the last word on this if we win on china, if we just win a little bit on their theft of intellectual property and their theft of our technology, that is a big winner for american for american p

we have longer protection on buy logic for instance then we had under tpp. news, we're apparently the mexicans will not be able to use regulatory mechanisms to prevent a lot of our ag products from getting into mexico and dairy, won't be using the geographic, cheddar or munsters cheese, that's important in pennsylvania. i'm also concerned about this quasisunset, we've got to see the details on that. this 16-year horizon and watering down, shrinking of the investor state dispute settlement mechanism is troubling. i want to see exactly how that's going to work and of course they've introduced country specific rules of origin and auto sector. it's only one sector it's the wrong direction but it's not the entire manufacturing sector so it's going to be a matter of weighing the good and bad. >> senator toomey, why is that the wrong direction? i'm looking at the statement from you as well where you say you raise serious concern around arbitrary wage mandate for the august sector as well. i see that and think for years we've seen offshoring and near shoring of amer

i brought it up earlier we should stay in tpp and we should, the best way to attack china is to have trading agreements with the 11 countries around china. australia, new zealand, philippines, idea that we dropped tpp, because it was an obama led trade agreement is ridiculous. it is not the right thing. and my gut tells me if you look at what we're dong with mexico and canada, it actually is very similar to tpp. it's about labor standards and environmental starngdz. any gut tells me that will be the next thing we go after because a bilateral negotiation with china is not around the corner. >> right because it is all about as morgan said with ip that's our biggest concern, there's nothing in the trade agreement that's going to withstand their stealing our ip. >> i think in addition to ip it is investment right in the type of restrictions on u.s. investment in to china and what has always been incredibly worrying to me is amount of chinese communist propaganda that regime makes american corporations spew put on social media when they do business and that should be a concern for all ame

classified them which is crazy, these are not nuclear codes and even congress was denied access to the tpp tax for the first six years so it is a washington post cool infographics that was done by howard schneider at the beginning of the negotiations. the blue dots are literally specific corporations and their trade advisors. there are 600 total trade advisors, 500 of them represent corporate interests. the purple ones are the association. chamber of commerce, national association of manufacturing though it's mainly thoseguys. yellow ones are academic , some of whom are in contact to the blues and the purple and sprinkled in the rest of that are 17 labor unions, two environmental groups, one partridge, one pear tree. no, there's a couple state officials but the vast majority is these corporate advisors, democrats, and to a large part congress lockdown. to rewrite, wife's lots of domestic law. you're going to get the slide but instead of having your normal trade stuff it basically has become these agreements a delivery mechanism or a lot of other stuff in the bottom line is, this is a story

if you search his name in google, about the tpp, you can see some smart things he wrote from a conservative perspective about, yes, we need an agreement with those countries but this agreement, foreseeably is going to cause more damage than good. host: four folks are googling your name, what is public citizens global trade watch? guest: public citizen is a consumer organization, founded by ralph nader in 1972. if you're not a member, consider joining. we have members across the country, 500,000. we do not take any government or corporate money. we are the citizens lobby. we are the voice of the people in washington. we do advocacy research, litigation. we have a variety of divisions, some have to do with good doctors and safe medicine, some in the supreme court on behalf of the rights of citizens, we work on trade. global trade watch is a division of make sure that they corporations are not having the only say in what policy should be. host: citizen/org.trade. tony is in apple valley, california. democrat. good morning. are you there? caller: my comment -- the subject is nafta, correct? hos

. >> susan hogan is working for you with tpp fours you want to download in your phone right now. >> firsthings, first.o you wantt the road with a fu tank of gas. the get outside app will help you save up to 24 cents per gallon. you'll earcash back and you can cash out with paypal or a check at anytime.ng it's expanding the east coast. looking for an atm or go-to coffee shop or restaurant, go to i-exit. it tells you what it's near every highway it.et yu don't gtuck looking for a gas station line, only to find something better at the next exit. this next one is for you television food show fans.ap the food maphelps you find food and eateries that's on various shows. indicate how far offcourse you're willing to vente. and want to add a lile adventure to your road trip? the app road trippers can find offbeat attractions, museums, amusement parks and more. the get outside app, they're d.c.-based company and are offering cashback deals at local restaurants and at grocery stores as well.li we have to all of the apps we talked about. go on to our nbc washington app and search travel apps. thank y

charles: the new tpp, trudeau hijacked it. they didn't have to worry about trade protection.rential maker for president trump in the key states, they didn't like's doing. they like what he's doing even though they are region officered democrats. tammy: they have been told how they stand with the work and the union and they found out that was a fraud. now they are seeing someone acting with an authentic conservative ideal, some people call it populism. and companies from free to expand. e.u. adjusted to his demands. germany is pulling out deals out of iran that they originally had. they are seeing the world is responding. his leadership style has worked. no one wants to be left out. and we can all move forward on china. >> the democrats have taken the union's labor for granted. the keystone pipeline which being from bert i have to bring up. labor wanted the keystone pipeline because that was going to result in a lot of jobs and well-paid union jobs. obama chose the environmentalists. the democrats have been taking labor for granted. donald trump has a very good opportunity her

they have gotten out of tpp isolated european trading partners. he is going after mexico and canada on small stuff. you know, the whole notion of, if you identified one bad actor in the world, it's china. if you can -- connell: everybody could agree. but not everybody working together to go after them. >> not even that. he is working against everybody. connell: and driving them into hands of other people. give you two quotes from the china daily editorial. they talk tough an long-time friends. face of bullying of the donald trump administration, beijing must remain sober-minded. never let emotion respond to reason when deciding how to respond to the u.s. administration's unreasonable incensable self-promoting hullabaloo. nan, before you respond, resource on big projects. people's tenacity and enduring hardships, steadiness institute reform, opening up policies, what, the country can survive a trade war. their argument is that they can we'll ride this out a long time. >> the chinese culture demands that leaders save face. connell: yeah. >> so one t

tpp, already buried the corpse but the thing was the in congress, outsourcing continues. it is happening under nafta but broader but just about to release the updated data story up, we can heeds track that. who knows what will happen with chin that but with nafta, you , if you may, that will not bring the jobs back, so that is where we are in nafta. story that pass chris blowing up right now. data and more information in the past. ofwe are 15 minute questions. when we are asking the questions, cnn will come around. c-span will be covering the mics. to come.that so any questions out there? let me know. ok. you.ank i have a couple of questions, actually. one is if the job won't come happen?at will manufacturers won't reporting their stuff and wtoor you mentioned regulating things and even if nafta disappears? but where does the president withdraw? you ? he indicated he is not very happy about that organization. >> so on the first, on the first ofstion, if they do that set things that has been the demands, i would say, from the from the day nafta passed, they will bring back

eleven countries of the tpp gone ahead and ratified it last week and that is one important structure. our sept is interesting because is focused on axion and the free-trade agreements with partners. [inaudible] we decided with our cpe to even out the noodle soup to make it a little bit smoother for businesses because it's made for businesses and their other frameworks in several countries in singapore included are working with the pacific alliance so you will see a movement of these free-trade agreements. not just doing this because trade negotiations are fine tables and negotiating but these are meant for businesses. these are meant to reflect the new realities of regional supply chains. things are no longer made in one of two countries as they move about. made multiple countries. what we want to do is create the framework [inaudible] some are just pulling together we already have in making so you that the things going on. what we would like to see is how the us can engage itself with some of these frameworks, whether the more bilateral framework or whether they can think in the elem

standard agreements the instruction the president has given all of us is the standards representative in tpp should be the baseline for which we began to move forward. the goal is to achieve an increase to play high standard of agreements because those are going to serve certainly u.s. business and our strengths and also the operations that i see representative i all up that. came back from visiting four countries in indo-pacific. these are countries that are hungry for a major role as a high-tech entrepreneurial driver of global growth and if i could cologne are u.s. trade wraps or we could have a whole fleet of his team out there negotiating ways both bilateral agreements and finding ways to plug into multilateral agreements i would be cloning them right now. that said they are going out there. we have a large number of people out at our posts who are empowered to find opportunities to negotiate new and better agreements, things that are going to make it easier and more attractive for u.s. investment and exports to flow into as you have said the most dynamic part of the world. we are a pac

>> that was sort of the point of tpp. to do deals without without china to marginalize china. up interest would essentially do one-on-one with him facing off other countries, "art of the deal." would look like china is being left out of the global trade game. they need to be a little bit left out -- they will not come out and say the espionage, identity, i.p. theft, we will stop doing that if you don't stop tariffs. neil: i was being facetious, how do you go and address this problem without first having to admit you know, you got us dead center, we're cheating, thieving liars? >> it is hard to win because they won't admit to the stuff they did. but u.s. companies agree to hand oversee credits the production trade, whoever it might be. neil: to do business there. that was, apple proved this again by saying you know, these 25,000 apps were ticking off the chinese government, they will disappear. we'll not have them. we still kowtow to the chinese. >> what is interesting the president made a lot of unilateral trade deals. we haven't seen them in effect -- neil: there is only unil

senior administration official said -- what's going to happen in terms of echo and canada, they have tpp. if they don't reach the deal, it won't hurt mexico or canada, so they aren't worried about it. and the trade representatives said that this was not a negotiating strategy to pressure canada. two people in a room, it's hard to get agreement. stepping back with one, trying to merge with the third party, they were not trying to put pressure. not have meanty to, but at the same time, of course he's going to say that. the president said that he would be calling the canadian prime minister very shortly, very soon, sounds like there is an effort to bring them in, there has to be. how soon andon is, how far will canada come to reach the agreement that has been reached. the chief negotiator for canada on nafta is in europe right now and are have been reports that some might fly back, but we haven't been able to confirm that. there has been this artificial deadline of trying to get something done by the end of the week. but they have to wait 90 days for the president's announcement until when

you could argue what tpp was supposed to be about. get everybody on board, go after china. why canada was in the mix to begin with was an open question. we look at tariffs as they compare various countries in the nafta countries. canada is under 1%. the idea canada was an issue was something of a question mark but how do you see all of this playing out? >> well tremendously confusing not only to our reporters and analysts but to investors and certainly hundreds of millions of individual who are wanting to trade between nations. you know, you listen to the fomc minutes -- connell: they talked a lot about trade. >> exactly up, one of the biggest threats to the economy. even ceos are polled, threat of a trade war is serious risk. tremendous damage done even in the absence of tariffs. connell, quickly if you listen what is negotiated here. it is disingenuous here president wants all tariffs. they are arguing certain wages to be paid for certain products in certain countries this is anything but advocating free trade. connell: the hope is, todd, the president is using negotiatin

president has pulled out of paris, threatened to pull out of nafta, made noises about nato, pulled out of tpp and there are people out there afraid to enter into new agreements with this administration because they're not sure an american commitment will be durable and that's the bigger issue that we must contend with. iran is a huge problem but i'm not sure that i see the end game like jane said. i don't see us moving to a better place. iran will continue to be a problem for us but now we have two nuclear deals on the table, north korea and iran and i'm not real optimistic right now. >> charlie dent, jane harmon, thank you both very much for being here. great to have you. >> a rare morning love fest among the panel. >> jane's always bringing the love. >> for you, alisyn, you bet. >> thank you. that's fabulous. >>> we have to get to breaking news right now because firefighters in northern california are racing to contain what is now the largest wildfire in that state's history. the flames have scorched nearly 284,000 acres. they've destroyed more than 100 homes. dan simon is live in lake port