u.s. agricultural products. >> signs of easing trade tensions helping fuel a big rally yesterday printed out getting only 300 points. >> we may see more about today. u.s. stock market futures poised to hire for the guy looks to be opening up 51. the s&p up for, nasdaq up 18. >> stocks opening higher almost using trade tensions right now. all three major averages are higher. gerri: hong kong and south korea. stocks down slightly and up slightly in shanghai. facebook ceo mark zuckerberg getting grilled by european lawmakers today in brussels. we will tell you about the questions he may face. "fbn:am" starts right now. gerri: 501 am in new york accused a come at april 20. gerri willis in for lauren simonetti. cheryl: good morning. i'm cheryl casone. nice to see the markets yesterday. loved it. gerri: can't complain with that and maybe we'll get more today. markets to open higher. cheryl: absolutely. reagan is this morning continues on the topic and washington and beijing nearing a deal to not only work on trade or to settle in cte controversy. the outline of the deal would lift the ban on u.s.

u.s. agriculture policy. their work has resulted in the series of 18 papers that have been published on the ai with page. hard covers are available. u.s. the rubric, agricultural policy in disarray. in a way, it is an homage. an homage to the marvelous economist to won -- who ran the program for many years and was one of the most distinguished agriculture economist in the world. dr.sumner studied with johnson when he was at the university of chicago. is that correct? >> yes. >> he was a wonderful man. the other members of the panel panel, dr. barry goodwin. recent president of the leading cultural economics association of the world. he will focus on title i subsidy therams which include programs that were introduced in 2014. we have the professor of agricultural economics at north carolina state university. he is widely regarded as the leading expert on u.s. sugar policy. he is also widely acknowledged as one of the leading thinkers about agricultural trade issues. is our fourth speaker. the chair in agricult

u.s. agriculture will industry they might get hit hard if china answers with their own terrorists for example on a great cultural products all those u.s. companies they will have the chance to make their case in washington and the next they're couple of days so we will see if the tension can be smooth and in the next couple of days so had a crack in the door let's see what happens with that trade delegation yens quota for us in new york thank you. meanwhile u.s. security advisor john bolton has labeled iran the central banker of international terrorism this just days after the u.s. announced that it was pulling out of the nuclear deal and that it was reinstating sanctions on iran in any country's doing business with the country and iran has given the e.u. sixty days to reaffirm their commitment to that deal european governments are now scrambling to come up with a response. european firms operating in iran are feeling anxious about their future comments from u.s. national security adviser john bolton have so far struck an ominous tone is the united states going to sanction european companies

u.s. agriculture will industry china is crucial to seoul therefore all this tension regarding the iran deal even if it's not having and direct impact on the u.s. economy it certainly does not help in this overall really tense situation when it comes to all the trade talks financial correspondent thanks a lot. in a city of johannesburg has changed since the end of the apartheid going from a shopping district aimed. white clientele to a buzzing african trading hub hundreds of millions of euros worth of goods sold here every day by thousands of trade is that few seem to have noticed as this cash economy operates under the radar of. over three thousand stolz run mostly by immigrants make this market complex in downtown johannesburg a lucrative pan-african trading hub. shoppers come from all over the continent to find good deals. i go for and when i come here to buy the gin. there is in my way that have covered size shops an estimated seven hundred million euros in revenue is made here every year that's twice as much as in africa's largest shopping mall but shop owners like sickly mchale are fac

u.s. agricultural imports. it is well known that the president the president wants to reduce the bilateral trade gap. i think the way you do that is for china to lower barriers across the board in the us export you know do it also creates growth their growth keeping these barriers down is important for u.s. farmers they would be hit hardest by the chinese tariffs announced in retaliation to trump's plans tariffs on chinese steel and aluminum imports farmers are important voters for donald trump and he'll need their support at the mid-term elections come autumn. to italy now and the country's two anti establishment policies are reportedly close to reaching a deal to form a coalition government now the move would put an end to more than two months of deadlock but there are plans to free up billions of euros the tax cuts and welfare already rattling the markets why well italy is already two point three trillion euros in debt now that actually amounts to twenty three percent of total eurozone debt so it's pretty st

u.s. agricultural imports. it is well known that the present president wants to reduce the bilateral trade gap. i think the way to do that is for china to lower barriers across the board in the us export now and do it that also creates growth their growth keeping these barriers down is important for u.s. farmers they would be hit hardest by the chinese tariffs announced in retaliation to trump's plans tariffs on chinese steel and aluminum imports farmers are important voters for donald trump and he'll need their support at the mid-term elections come autumn. the world trade organization says the e.u. has been illegally subsidizing european plan. that could prompt a retaliatory measures with billions of dollars from the united states the ruling is the latest twist in a dispute that dates back well over decades at the center of the dispute are the world's two largest plane makers european aviation giant airbus and its u.s. rival boeing the w t o ruling upholds a claim by the united states that the european union

u.s. agricultural giant monsanto off the european regulators approved the sale of buyers crop science business to its rival b.s.s. now it's one of a number of conditions the e.u. set when it approved the much of back in march european officials say the sales needed to ensure a second petition in the market the deal between buy and one cent is funny well it has sixty billion dollars. the number of jolt vacancies in germany has hit an all time high that's according to the institute for employment research says that one point two million positions went unfilled in the first quarter of this year one hundred twenty six thousand more than last year companies in western germany struggle most to side workers with nine hundred thirty thousand vacancies among the most difficult job openings to fill with taxes wisest architects and market research is in the state is it expects those numbers to keep rising. so you know what to trade and well greece is it in the news good books off a painful recession the european commission is now commended the countries making encouraging progress on its debt reduction g

agriculture. it will be the first u.s. laboratory capable of functioning at the highest containment level at bio safety level four for agriculture. it was designed with partnership in mind, primarily between the department of homeland security and the department of agriculture. obviously the job of the department of homeland security is to consider and protect threats from adversaries, and the department of agriculture's responsibility is to bring the knowledge of agriculture and to protect our food supply. if the lab is in the department's portfolio, how will this level of partnership at a minimum stay the same or get better? certainly hopefully to improve between the department of agriculture and dhs. >> my vision, senator, is that the core competency of usda with this agricultural research service on an ongoing basis is more suited to operate on an ongoing basis from research, development of vaccines, and other types of containment of some of the worst diseases known to man. obviously the relationship with dhs has to con

u.s. agricultural imports. it is well known that the president wants to reduce the bilateral trade gap and i think the way to do that is for china to lower barriers across the board in the us export now and do it that also creates growth their growth keeping these barriers down is important for u.s. farmers they would be hit hardest by the chinese tariffs announced in retaliation to trump's plans tariffs on chinese steel and aluminum imports farmers are important voters for donald trump and he'll need their support at the mid-term elections come autumn. and that's ropin daniel cope our financial correspondent in frankfurt to get the european angle on this daniel trade is a juggling so many bowls right now the iran deal trade tensions and so many different nations the personalities involved where do analysts see talks between the two biggest economies going. yeah there's a lot on the agenda at the moment in talking about china investors are thinking that the mood of the us president has actually called again a l

u.s. agricultural imports. it is well known that the present president wants to reduce the bilateral trade gap. i think the way you do that is for china to lower barriers across the board in the us export now and do it that also creates growth their growth keeping these barriers down is important for u.s. farmers they would be hit hardest by the chinese tariffs announced in retaliation to trump's plans tariffs on chinese steel and aluminum imports farmers are important voters for donald trump and he'll need their support at the mid-term elections come autumn. similar poll is executive director of the german chamber of commerce in china first of all you have a lot to do with german companies operating in the country that tell me a little bit about the chinese first. they really playing along with trump's game right now i mean it's really hard for me as a journalist to work out what's going on but they seem to be playing trump straight game well i think what you have seen from the from the chinese the way they we

on agricultural products. those u.scompanies, they will have a chance to make their case in washington in the next couple days, so we will see if the tension can be smooth and in the next couple days. >> let's see what happens with that trade delegation. thank you. meanwhile, u.s. security adviser john bolton has labeled iran the central banker of international terrorism, this days after the u.s. announced it was pulling out of the nuclear deal and reinstating sanctions on iran and any countries doing business with the country. iran has given the eu 60 days to reaffirm their commitment to the nuclear deal. european governments are scrambling to form a response. >> european firms operating in iran are feeling anxious about their future. comments from u.s. national security adviser john bolton have so far struck an ominous tone. >> is the united states going to sanction european companies that do business with iran? >> i think the issue is what the europeans are going to do. if they are going to see that it is not in thei

u.s. agriculture products. first let me say this. i've said this repeatedly but i'll say it again. i feel much closer in my views on china and how they treat us in terms of economic issues to president trump and his views than i was with president obama and president bush and their views, who i don't think did enough. and i have public arguments with both president obama and president bush on this issue. so when donald trump started talking about going after china and making them play fair, i felt that was a good thing. and when his administration fined z.t.e. and then put sanctions on them so they couldn't get american components, i said finally, finally we're doing something tough on china. so you can imagine my disappointment in the reports last night that president trump, being advised so wrongly by people like treasury secretary mnuchin, is backing off on his toughness and just giving them a slap on the wrist, the fine. if the reports are true, the trump administration will have suffered a great defeat. the fines and board changes do nothing, absolutely nothing to protect amer

u.s. agricultural industry, china is crucial. therefore, told us tension regarding the iran deal, even if it is not having a direct impact on the u.s. economy, certainly does not help in his overall really tense situation when it comes to the trade talk. helena: financial correspondent jens korte, thanks a lot. canadian prime minister justin trudeau says he feels positive about talks to rework the north american free trade agreement, for nafta. his comments came as a thursday deadline passed without agreement. u.s. officials say the talks needed to back up a very soon to give the current congress time to vote on a final text for revamped nafta. mexico says the deal may not even be reached before the mexican presidential election on july 1. sometimes small businesses have to overcome unusual hurdles on their way to success, and one restauranteur in an australian city found that out from developing a novel solution to stop his business going to the birds, quite literally. waterfront diners were tired of being harassed by sweeping se

u.s. agricultural and energy products to help the u.s. chip away at the trade did he have silt. on twitter president trump praised the impact of the potential deal on farmers. he wanted a $200 billion deal a figu on which china is mum. they're enforcing the deal with zte, a directid request from ent xi. while the details and timing of the deal have yet to be worked out, the threat of tariffs can remain. >> you cannot remove tariffs as a negotiating tool or enforcement tool from this process, you cannot do that and, therefore, i don't think we're saying tariffs are over far from it. >> reporter: the truce does not extend tel and aluminum and there are worries it doesn't address forced technology transfer and excessive intellectual property but they say this is a work in progress. >> this is not a term sheet for inance deal, this is a complicated negotiation with the two largest economies of the world. >> reporte going to china to work out a deal. a date worth watching is june 12th when trump and kim jong-un city summit is planned. there's a reluctance to rattle china and put that

u.s. agricultural sector in general. reporter: thank you very much indeed. a deal now bringing us one step closer to a cashless society, u.s. online payment giant paypal is buying a swedish e-commerce startup. paypal is stomping out to billion dollars. it makes credit card scanners for smart phones and tablets. it is a big deal for a small firm, and the agreement came as a surprise as the young company was getting ready to make its stock market debut. now paypal, the leading online payment service belonged to ebay and has been valued at $94 billion. but this is their biggest acquisition to date. it is looking at ways to strengthen its platform for handling transactions with all businesses in europe and latin america which have made much easier with those small card readers. italy finally has a government deal after 2.5 months with the anti-establishment five-star movement and the far right leg coming together to form a coalition. they have put together a plan to govern the country. gone are the leak proposals to scrap the euro which rattled markets. that pla

u.s. agricultural products as well as energies still the u.s. has gone through the necessary legislative process and can now impose tariffs on chinese goods at any time. irish low cost airline ryan as released its full year results for twenty seventeen spurred by an increase increase in passengers net profits sold to one point four five billion euros up ten percent compared to the year before run as seems to have weathered it difficult months the cancellation of thousands of flights due to rostering problems and pilot strikes apparently failed to have a big impact on the company's bottom line two thousand and seventeen was a turbulent year for the airline industry alitalia started bankruptcy proceedings and air berlin disappeared from the sky as fuel prices climbed and it was full throttle among the remaining airlines to score passengers from the failed carriers germany's lufthansa group came out on top in terms of passenger numbers selling one hundred sixteen million tickets in two thousand and seventeen ireland's low cost ryanair remain the mo

u.s. agriculture will industry they might get hit hard if china answers are with their own terrorists for example on our great cultural products all those u.s. companies they will have the chance to make their case in washington and the next they're couple of days so we will see if the tension can be smooth and in the next couple of days i had a crack in the door let's see what happens with that trade delegation yens quota for us in new york thank you. meanwhile u.s. security advisor john bolton has labeled iran the central banker of international terrorism is just days after the u.s. announced it was pulling out of the nuclear deal and that it was reinstating sanctions on iran and any countries doing business with the country will iran has given the e.u. sixty days to reaffirm their commitment to the nuclear deal here pink governments are scrambling to form a response. european firms operating in iran are feeling anxious about their future comments from u.s. national security adviser john bolton have so far struck in on minutes tone is the united states going to sanction european companie

u.s. agriculture? >> it forms an effort to tariff production that excludes china to our pen fit and not to that their benefits, not to encourage with you there, i have encouraged the president in that rard to enkurn them theurgcoura. obviously nafta negotiations and china restrictions but i would welcome us looking at rejoining the tpp, again, i think the president's negotiating style could possibly get a, even a better agreement this time around. >> thank you mr. secretary. >> i thank the senator for his comments. what community where we visiting up in montana where we had the city fathers and we had a group of loggers and because of the legal hurdles that -- >> mr. chairman, that was colombia falls, montana, in fact we met at the oldest family owned saw mill in montana which is called stolts lumber. >> there were several running logs organizations, but there was one that wasn't going to go back into logging? or was that two out of three? >> the litigation, frankly these fr free litigation -- they'll

u.s. agriculture well industry china is crucial to seoul therefore all this tension regarding the iran deal even if it's not having and direct impact on the u.s. economy it certainly does not help in this overall really tense situation when it comes to all the trade talk a financial correspondent yeah thanks a lot. canadian prime minister justin trudeau says he feels positive about talks to rework the north american free trade agreement on nafta now his comments came as a thursday deadline paulse without agreement u.s. officials say the talks need to wrap up very soon to give the current congress time to vote on a final text to revalue it's not just about mexico's says that a deal may not even be reached before the mexican presidential election on july first. will sometimes small businesses have to overcome unusual hurdles on their way to success and one were strong to her in the australian city of perth and he found that out developing a novel solution to stop his business going to the boats quite literally while waterfront dinah's but tired of being harassed by swooping seagulls the owner

u.s. agricultural imports. it is well known that the president wants to reduce the bilateral trade gap. i think the way to do that is for china to lower barriers across the border to us export now and do it that also creates growth their growth keeping these barriers down is important for u.s. farmers they would be hit hardest by the chinese tariffs announced in retaliation to trump's plans tariffs on chinese steel and aluminum imports farmers are important voters for donald trump and he'll need their support at the mid-term elections come autumn. to japan where the economy shrank in the first quarter government statistics show g.d.p. fell by point two percent compared to the previous quarter it hasn't been helped by deflation fears with consumers spending less money and industry staying away from even vestments and it comes on the back of the country's longest expansion since the boom times of the one thousand nine hundred. fears over italy's economic future have spooked markets to populist parties trying to form a government were reportedly planning on exiting the euro zone and writin

u.s. agricultural goods. and energy products and this is supposed to close that what two hundred a three hundred seventy five billion dollar trade gap with the united states does china refer to these start ups as unicorns or maybe dragons of the unicorn as a global thing i wonder you know it's mythologically i have to ask based on something but you know i'm not sure but yeah ok so china says they're going to buy a lot more stuff from the u.s. and so trump is having an effect i mean who's weighing into the minutia of trade deals which president has done that i can recall usually they just paint a broad stroke and hope for the best so he's actually getting into the details of trade deals with echoes. you do have to recognize that in the west we're not seeing the coverage the media coverage and the actual power that china has on the ground over in asia because i have seen reports that the reason why why did why did trump to the extraordinary thing of saying we need to come to the table because he lost all these

u.s. agricultural imports. it is well known that the president wants to reduce the bilateral trade gap. i think the way to do that is for china to lower barriers across the board in the us export now and do it that also creates growth or growth keeping these barriers down is important for u.s. farmers they would be hit hardest by the chinese tariffs announced in retaliation to transplant tariffs on chinese steel and aluminum imports farmers are important voters for donald trump and he'll need their support at the mid-term elections come autumn. and i also financial correspondent daniel cope in frankfurt what could be behind this sudden change of heart from dol trump. you know that's a big question we have to remember that trump has accused china many times to be sealing u.s. american jobs and that he was facing those sanctions because of illegal trade and shipments with iran and also north korea so everybody was speculating what's behind this sudden change of mind was it a charm offensive to get a better atmosphere during those high level talks with china about future trade relations no

u.s. agricultural products and i think what the president is trying to do is to figure out where he is in this negotiations and whether resolving the c.t.e. matter will help resolve these other trade matters but again it's anyone's guess as to how we got into this dispute because it was really started by the president's tweet a couple of days ago before the game president trumpeted on my show quite a bit on c.n.n. on this program and he also always ruled against china the china was beating us that in return he would change that all around has that changed well look i mean he has taken tough measures or was threatening tough measures against the chinese and that's how we are on the brink of what looks to be a trade war and that's what makes this reversal on c.t.e. so curious because it's at such strong odds with not only the rhetoric that trump had during the campaign but really for decades he's been very concerned about the chinese and obviously part of this is north korea as well president trump has. said that he has a good relationship with the chinese president obviously having a good

u.s. agricultural products. >> signs of easing trade tensions helping fuel a big rally yesterday printed outut today. u.s. stock market futures poised to hire for the guy looks to be opening up 51. the s&p up for, nasdaq

u.s. agriculture exports estimated at $140 billion per year and trade accounting for one of every $5 in agriculture production value. through the extensive hearings and listening sessions, the committee heard from every segment of the agriculture industry about the importance of maintaining support for our trade promotion and our market development programs, especially considering the uncertainty in the current trade climate. while i'm confident america's farmers and ranchers can compete with everyone in the world on a level playing field, they simply cannot be expected to compete against foreign treasuries on their own. so in addition to maintaining and strengthening the farm safety net, h.r. 2 restores and increases funding for popular and successful market access program and the foreign market development program. this was no small feat considering the c.b.o. zeroed out funding for f.m.d. as well as the technical assistance for specialty crops programs in the most recent baseline projections but the committee worked together to get creative and made come closer to answering the calls for doublin

u.s. agricultural goods. and energy products and this is supposed to close that what two hundred a three hundred seventy five billion dollar trade gap with the united states there's china refer to these startups as unicorns or maybe dragons of the unicorn as a global thing i wonder you know it's middle as if you really have to ask based on something but you know i'm not sure but yeah ok so china says are going to buy a lot more stuff from the u.s. and so trump is having an effect i mean is that weighing into the minutia of trade deals which president has done that i can recall usually they just paint a broad stroke and hope for the best so he's actually getting into the details of trade deals that goes oh you do have to recognize that in the west we're not seeing the coverage the media coverage and the actual power that china has on the ground over in asia because i have seen reports that the reason why why did why did trump to the extraordinary thing of saying we need to come to the table because he lost all

u.s. agricultural goods. and energy products and this is supposed to close that what two hundred a three hundred seventy five billion dollar trade gap with the united states there's china refer to these startups as unicorns or maybe dragons of the unicorn as a global thing i wonder you know it's middle class italy have to at least on something but you know i'm not sure but yeah ok so china says they're going to buy a lot more stuff from the u.s. and so trump is having an effect i mean is that weighing into the minutia of trade deals which president has done that i can recall usually they just paint a broad stroke and hope for the best so he's actually getting into the details of trade deals with echoes. you do have to recognize that in the west we're not seeing the coverage the media coverage and the actual power that china has on the ground over in asia because i have seen reports that the reason why why did why did trump to the extraordinary thing of saying we need to come to the table because he lost all t

u.s. agricultural products. what i should be saying all along before we go.producers are ready to kill me because we are so over time. if president obama had done this in reverse and said let's help out the chinese. what would they be doing right now. because it is so long. we will be watching it. we are up only 56 nothing in his speech that worried them but somehow their prices would have to drop so far they would be hurt. the secret is out. this is a stock that has drug old mightily recently. to buy from neutral saying the company valuation is just too darn cheap to ignore. and is there the case of the hatfield versus mccoy in the media world right now. coming to a very sharp head. it faces a major roadblock in her quest to merge the two. here come the lawyers. or to carry on a legacy? its show of strength... or its sign of intelligence? in crossing harsh terrain... or breaking new ground? this is the mercedes-benz suv family. greatness comes in many forms. lease the glc300 for just $449 a month at your local mercedes-benz dealer. mercedes-benz. the best or

u.s. agricultural products and i think what the president is trying to do is to figure out where he is inthis negotiations and whether resolving the c.t.e. matter will help resolve these other trade matters but again it's anyone's guess as to how we got into this dispute because it was really started by the president's tweet a couple of days ago before the game president. clinton bit. on c.n.n. on this program and he also always ruled against china the china was reading those that in return knew would change that all around has that changed well look i mean he has taken tough measures or threatened tough measures against the chinese and that's how we are on the brink of what looks to be a trade war and that's what makes this reversal on c.t.e. so curious because it's at such strong odds with not only the rhetoric that trump had during the campaign but really for decades he's been very concerned about the chinese and obviously part of this is north korea as well president trump has. said that he has a good relationship with the chinese president obviously having a good relationship is crit

u.s. agricultural goods. and energy products and this is supposed to close that what two hundred a three hundred seventy five billion dollar trade gap with the united states there's china refer to these startups as unicorns or maybe dragons of the unicorn as a global thing i wonder you know it's a little as if you really have to ask based on something but you know i'm not sure but yeah ok so china says they're going to buy a lot more stuff from the u.s. and so trump is having an effect i mean is that weighing into the minutia of trade deals which president has done that i can recall usually they just paint a broad stroke and hope for the best so he's actually getting into the details of trade deals with echoes. you do have to recognize that in the west we're not seeing the coverage the media coverage and the actual power that china has on the ground over in asia because i have seen reports that the reason why why did why did trump to the extraordinary thing of saying we need to come to the table because he lo

back off agriculture, that would big deal politically for the u.s. m elections. there's also a thought that ande they can move the zte agriculture issues to the side, they can strike a deal on trade with china saying it will buy and bring down the bilateral trade deficit, which is what donald trump seems to really care about. but nobody really knows for sure and that's part of the problem with trying to figure it out. the markets are taking the most optimistic interpretation can be they hope their some sort of deal and we won't get into a trade war. futures rising 2% on the news we could see some easing of tariffs on the agricultural products. we have already seen perhaps some moves coming from the chinese when it comes to qualcomm also trying to acquire nxp semiconductors. michael: we don't know that you are connected but it came at about the same time and maybe they are going to go ahead with their view and we will see that the approved. it may depend on the outcome of the talks this week. is a lot of questions about what the u.s. actually wants and

u.s. agriculture products, but don't forget that the u.s.ights from the solar panels and the diswashers that trump put the tariffs on and if they use those retaliation rights on june -- paul: other countries in. >> mÉxico, mexico has retaliation rights and on june 1st, if the steel tariffs that donald trump has threatened on mÉxico go into effect, they can immediately use those retaliation rights and i think they will and that will harm red states. paul: all right, possibly trouble. democrats are still feeling the heat as polls show, what's behind the republican pah! that will never work. no, no, no, nah. a bulb of light?!? aha ha ha! a flying machine? impossible! a personal' computer?! ha! smart neighborhoods running on a microgrid. a stadium powered with solar. a hospital that doesn't lose power. amazing. i like it. never gonna happen. [fbi agent] you're a brave man, your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my c

u.s. agricultural exports. ump was concerned the trade battles would hurt negotiations with north korea. russia path parliament has adopted a wide-ranging bill that curb exports to the u.s. and imports from the u.s. and other countries. if response to the latest sanctions. while make difficult to get rid of references to specific restrictions before adopting the bill. told to get were rid of references to specific restrictions before adopting the bill. airbus failed to address what amounted to billions of dollars in he legal government subsidies. it clears the way for the u.s. to impose tariffs on european products. global news 24 hours a day on air and twitter, powered by more than 2700 journalists and analysts in more than 120 countries. on courtney donohoe, this is bloomberg. didie: mark zuckerberg arrive at the european parliament shortly. you can see one of the buildings he is due to give testimony to .vps -- meps this is bloomberg. ♪ mark: time for our battle of the charts. you can see them on bloomberg. k

u.s. agricultural products there is -- sahil: -- --id: some countries did not effective quotas. they would call them voluntary trade agreements. -- really wants quotas. that seems to be the u.s. position. the european union in particular says we will not even talk about it unless you give us a permanent exemption from the tariffs. we don't negotiate with a gun to our head. canada and mexico thought they were negotiating in the context of a nafta agreement, but that is apparently not enough for wilbur ross. nobody is willing to do enough at this point to take sanctions off. david: thank you for your reporting. that is michael mckee, reporting from the g7 finance ministers meeting in worchester, british columbia. stock,for more on trade, and other issues, we welcome governor john kasich from ohio. your state has been the forefront of trade issues for decades. we are also hearing the congressional response, a senator saying this is dumb. the wayt treat allies you treat opponents. -- saying this is part of a bigger bargain. are we missing the bigger picture? >> the bigger picture is

agricultural products. the trump administration wants china to allow u.s.-based qualcomm should be allowed to acquire an xp there. >> president xi jinping's top economic adviser visiting washington today with trade talks with u.s. officials including treasury secretary stephen mnuchin. blake burman is at the white house with more. reporter: the dtd was involved in egregious behavior over the weekend president trump said he was working with the chinese president to get back into business fast with the white house explanation now for all of this according to the deputy press secretary rauch are it was a complex relationship with the chinese over economic and national security issues. the commerce secretary wilbur ross drew a penalty between zte in trade. >> it wouldn't surprise me if they bring up the zte. our position has been that the enforcement action separate from trade. reporter: american companies are banned from selling to zte. zte sold to iran and north korea and lied about it. intelligence chiefs have warned of security component. had that the fbi,