and henry kissinger told me this — the united states doesn't have a strategy to deal with china. its own interests — and i'm not saying that united states should act against its own interests, i think we want to see a strong united states — then what the united states should be doing is cooperating with the rest of the world. and as you know, the united states walked away from the tra ns—pacific partnership that had been negotiated by president 0bama and vice presidentjoe biden. that was a geopolitical gift... yeah, 0k. ..to america which trump threw away! 0k, henry kissinger told you that there is no proper strategy, and a slightly long quote to give to you, but it's one by the former m16 chief, the british, obviously, sirjohn sawers, speaking injuly this year. he said, "we must be careful not to turn china into an enemy." as you were just saying. "we need its engagement on crucial issues such as managing climate change and regulating international trade. but china's leadership must also understand they will pay a price if they try to impose their system and standards on other c

united states. that is basically what my book is about, trying to explain why the united states are standing up to chinat the united states will focus on the most important reality of the united states, which is that the average income of the bottom 50% has gone down over a 30 year period, and university economists have described how there is a sea of despair among the white working class, so united states has to revive its economy and make it strong again, and guess what. the most dynamic economies are in east asia. china is one of them, but there are others over here, so if the united states wants to jumpsta rt its economy and include the world, it has two co—operate with asia. at some point in time it will come back. we are seeing that shift. apple has only said it is shifting part of its manufacturing of its iphones to india, notjust in china. we are seeing bans of sales of us computer chips to china, and you make it out as though it is just united states, but it is who fired the first shot in this technology war, google, facebook and by china, so there is reciprocal action. you can blame both sides

and people in china are very much friendly towards the united states this gives me hope that in the medium and longer term china and the united states need to figure out a way to get along with each other whether you like the other or not that's another issue but the only option is to get along with each other anyone in washington is indulging in splendid. if he or she believes that u.s. can manhandle china without any consequences there will be consequences and in about 10 years time china will be significantly larger than it is and this will be a megatrend that no one can resist so i think decision makers in washington need to eventually come to terms with the fact that they need to get alarm with the china larger and probably more impactful of the united states china today or 10 years later will not be of enemy of the united states that's a megatrend i firmly believe the mega i don't think that trump will wake up tomorrow and decide i'm going to shut down the talk but at the same time he has many. powers to use in the near future to limit the presence and the u

because global expectations are china are now higher and for the united states, together china and the united states have a special responsibility to uphold what described as the common set of rules that bildt an international society. that means respecting international law and peaceful resolution of disputes, including trade disputes. it made a commitment to rules based economic interaction. neither coercion is the way forward. finally i want to make this point. after the lessons we've learned of covid-19 and we're going through as a global community. covid-19 has been an unmitigated calamity for the world. i'll not go into them because we're living them. there are new groupings of like-minded countries working together like never before, sharing information, supporting each other. many new relationships have been with leaders and energizing old ones, enhanced and making a dynamic system. this is what our nations must continue to build on and expand the scope and scale of goals of like-minded countries. we must do this thoughtfully. we need to build a greater sense of unity across al

not talking about a cold war what we're talking about is a real war a real war between the united states and china now well under most circumstances we would not dare to make this suggestion because well it would seem almost hyperbolic right why then are we leading our newscast today with the suggestion of of this potential scenario well because 2 world leaders are coming out and saying that this is what they think could happen and these are leaders who know the region the asian pacific both men are all strong and both have held the position of prime minister of australia 1st there's the former prime minister who happens to also be a china scholar his name is kevin rudd you see him there he has just penned an editorial in the foreign affairs journal where he says that the risk of an armed conflict between the united states and china in the next 3 months is especially high. then as you might expect australia's current prime minister there he is scott morrison he was asked to comment on his predecessor statement and surprisingly he basically agreed morrison said that the hot war between the united s

china now. the trump administration has reframed the nature of the that we face. competition between the united states and china is central to that frame. there are people i think who are raising the specter of the possible emergence of a new cold war between the united states and china. not necessarily replicating the u.s. soviet contest, but with important similarities and possibly equally as dangerous. from my perspective, the ideological component of that competition has really come to the foreground. do you think we are headed toward such an outcome and if so, how should we respond? >> i certainly think you will have great power competition between the united states and china. hopefully, it doesn't replicate what we saw in the cold war with russia. an economicll be competition. we will be in competition for global influence around the world. , if u.s. fourthat mers ago, -- if you asked for years ago, i think we will look back that we didn't get the tpp over the finish line that was one of our strategic losses. i would predict we would have been finishing [indiscernible] and we would be crating a

prime minister and china scholar there is that's kevin rudd who has just penned an editorial in foreign affairs journal where he says the risk of armed conflict between the united states and china in the next 3 months. was especially high. then as you might expect australia's current prime minister scott morrison was asked to comment on his predecessor's statement and surprisingly he basically agreed morrison said that the hot war between the us and china was quote previously inconceivable not considered even possible or likely but not anymore. to australian prime ministers one former one present sounding an alarm they seem to want the whole world to hear should we heed the warning or see it as what some would call it alarmist view well answer that question right here on the news rick sanchez where we believe. it's time to do news again. here is the list of questions we think we'll be asking them are after watching this newscast today are australia's concerns over a war between the united states and china justified what really caused the devastation in beirut and what's an explosives expert have to say about it are sports making a comeback or will we see even more gam

that by 2049, they want to surpass the united states of america as the sole superpower in the world. why 2049? that is 100 years of communist rule in mainland chinathe way they are going to surpass the united states as the sole hegemony of the world is by being a leader in future 5g, andgy, ai, quantum, that's why they have been stealing intellectual property. that's why they have been bullying other countries in order to buy their products. that's why they are trying to be a leader in these technologies. it's a risk, but it's complicated because i would say, you know, the economies of the united states and china are more ofegrated than the economies u.s. and russia. there is a level of cooperation that already exists, which is why i go back to my first statement, reciprocity. it should be fair. everybody should have the same opportunities. and then let the best institute win. i would say, entrepreneurship and freedom and free enterprise any day of the week over authoritarianism. brings me to my next question. you talk about the economies of china and the u.s. being so integrated. that brings me to this idea that, should any chinese company be wo

>> guest: it was a troubled world and particularly for the united states and china. united states was still in vietnam and that was overshadowing the nixon presidency and he was concerned. he wanted them out of vietnam and that wasn't easy because he was given with a north vietnamese said victory wasn't prepared to negotiate at all and he was under a lot of domestic pressure. the united states has been very hurt by vietnam and very badly divided, so i think that was a concern. a lot of economic trouble because inflation was running high and partly because of the expenditure on vietnam. so nixon was conscious of the position and the world had been damaged by its own internal troubles and its involvement in vietnam. he was concerned about his relationships with allies and this was also one of his main concerns about the soviet union, which was of course enjoying the americans coming to greece india non- and then proving to be very difficult in dragging its feet on arms negotiations for example, so i think for the united states it is a troubled time and there is a loss o

yet of our show let's hear it for you i think it's because the united states china relationship has really deteriorated recently. as you may sound all you we use many apps and softwares that were developed by the us tick tock has been successfully gaining many users around the world but i didn't expect that due to political reasons this could affect the economy and even after users personally to advise me on my so far microsoft successful ventures into the world of social media have been limited to linked in platform for career professionals but this deal with tic talk could give microsoft a larger market share with younger millennialism generations ahead with pressure from the u.s. government on tech talk microsoft says it's looking to purchase the american business operations by september the 15th. in australia sweeping new current virus restrictions have been imposed across the state of victoria after state of disaster was declared despite having been in a lockdown since july the capital melbourne has been recording hundreds of new cases every day even as other states have been reportin

good advice and i to hear it thinking i think it's because the united states china relationship has really deteriorated recently to me walk. and you may sound all you later we use many apps and software as that were developed by the us take talk has been successfully gaining many users around the world but i didn't expect that due to political reasons this could affect the economy and even at users personally damaging as you know not so far microsoft successful ventures into the world of social media have been limited to linked in platform for career professionals but this deal with tic toc could give microsoft a larger market share with younger millennialism generations ahead with pressure from the u.s. government on tech talk microsoft says it's looking to purchase the american business operations by september the 15th. all right let's go to new york now and talk to our correspondent there yes quarter good to see you so how close are microsoft and tick-tock to a deal. well i mean wall street seems to believe for a very close stock of microsoft going to good fight finish off percent year

yet of our show but i think it's because the united states china relationship has really deteriorated recently. about you we use many apps and softwares that were developed by the us tick tock has been successfully gaining many users around the world but i didn't expect that due to political reasons this could affect the economy and even after users personally i added this in my own market so far microsoft successful ventures into the world of social media have been limited to link to platform full career professionals but this deal with tic talk could give microsoft a larger market share with younger millennialism generations ahead with pressure from the u.s. government on tech talk microsoft says it's looking to purchase the american business operations by september the 15th. well that's our news update at this hour genoud allowin is up next with the coded 900 special and don't forget you can always get all the latest information around the clock on our web site www dot com or follow us on twitter and instagram at this i'm tired richard same in berlin it for me and a whole team than

the case that the five journalists of the have the united states, would not do nearly as much for china as for the united states in beijing. they were able to talk more that was happening on the craft. the perfect reciprocity, now particularly not as effective. there journalists can be particularly effective in beijing for the media coverage. and you raise a very important question freedom not sure i have a perfect answer for it. >> and do you have a view on the other before we turn it over to senator colby char. >> there's so many products that have been been broken across this. and it goes back to trust. >> senator colby char. >> you very much german sullivan and for holding this very important hearing today. i have long been critical of china's unfair methods of competition. i hit right at home in northern minnesota. i think we know it is not just manufacturing and trade in which we need to be vigilant. china is using both old and new tools including expansion owned businesses. required disclosures from private companies to business in china and outright theft of intellectual propert

did of our show that i think it's because the united states china relationship has really deteriorated recently. we use many apps and softwares that were developed by the u.s. to take talk has been successfully gaining many users around the world but i didn't expect that due to political reasons this could affect the economy and even after users personally their agencies. so far microsoft successful ventures into the world of social media have been limited to linked in platform full career professionals but this deal with tic talk could give microsoft a knowledge of market share with the younger millennialism generations ahead with pressure from the u.s. government on tech talk microsoft says it's looking to purchase the american business operations by september the 15th. and let's talk more about this with chelsea delaney from the business she could have you on the show we know that there's been a lot of heightened rhetoric in the past few years between the u.s. and china especially as it relates to businesses as well should we believe that this is part of the heightened rhetoric or i

between the united states and china, taiwan vowing to defend itself today unveiling a new u.s. backed fighter jet hub, taiwan's foreign minister is joining the next. >> took the toughest, boldest, strongest, and hardest hitting action against china in american history by far.

if american compass were able to operate in china the way chinese companies are able to operate here. i'd use alibaba, alibaba in the united states is treated like an american company but amazon is not treated like a chinese company in china. if the chinese government would accept that and accept the level of competition we wouldn't be having these conversations here in america. and so is a food product come i can say agriculture is a national security issue, because having a secure food supply is important for national security. this is a major debate and visit for some of the conversations need to go because this is going to impact our way of life. this is going to impact the american economy. we are in a position where the dollar may not be dominant in the world, could be the lawn and mandarin. so there is, the world can exist with both the united states and china but the rules should be fair for both sides and open. and so that's what i would be pushing. until that happens i think there's going to be pressure points in many different industries, many different areas when it comes to relationship between us and china. >> do yo

china's reaction to this new maintenance center and this very large purchase of f-16s from the united states? >> chinalways been very angry over taiwan's preparedness for defending itself and china as always blushed a very serious protest to the united states anytime they had an arm sailed to taiwan but i think it is all natural. taiwan needs to continue to be able to defend itself and continue to strengthen its own defense capabilities. we have a national security and therefore no matter what china is reacting like, taiwan will continue to strengthen itself, it has not only allowed the fleet to be able to be prepared depending on our own skies, i think it is also going to increase the cooperation between taiwan's industries in the u.s. industries and provide further opportunities for taiwan and u.s. trade relations. >> martha: we heard secretary pompeo talking about the beef and pork purchases and that sounds as if those ties are getting deeper. here's the president, he was asked by steven hilton that fox about separating from all trade essentially as a goal with china. listen to what he said. >> you

china's economy today it's really probably leading the global recovery out of the pandemic but let's bring you into him and talk about the geopolitical situation starting with that relationship between the united states and china let me ask you is this the new cold war and what does it mean for trade it's a little bit and you will think it does across a number of areas most players human rights trace the u.s. the u.s. has to. do with this huge trade deficit with china about 420000000000 they can use that money to refocus efforts and trade relationships elsewhere so you so apple recently nuisance adoption to india as opportunities to things that malaysia air and be. the chinese also hope 0 percent of outstanding u.s. treasuries 11 trillion and the us really needs to in the long. stop china helping. people was available to the me simply that most of them. were mostly say recently their way that chinese firms are no don't be able to list and you have stock exchanges which is part of the country for the china hustle and then the aussie evade the sea of things that we say things like to talk and we chat in the us are going to be stopped less than by us companies say it's a it's a big play. really to know

the united states, or any time the foreign direct investment in the united states, where there is a secured -- where there is a concern about national security, it has been mostly focused on chinaave frameworks and the authority to make sure those businesses the united states does not want to get in the hands of china, they can create that separation. the law is in place, the policy is in place to realize that. it has habit a lot of the semiconductors space. the answer to your question is yes. normally they like it when a u.s. company can essentially be that kind of balance between the parent company come in this case the chinese entity, the u.s. company for the subsidiary to make sure the foreign ownership and influence is mitigated. we will see if it happens to microsoft, and respect to the headline you just mentioned i am sure it is in play. if they cannot get a deal done, the united states can place a full on bar. guy: fascinating. higher, trading 2170 on the south china morning post regarding the microsoft/tiktok transaction they believe it will not reach a positive conclusion. roger, thank you. roger zakheim of the ronald reagan institute. this is bloomberg. ♪ ritika: tim

also coming up the united states and china are prepared to resume trade talks the backdrop of global content mccown washington's threat to bomb social media giant to talk. to agriculture is the backbone of the kenyan economy. but rules on pesticide use means lots of its products use contre be sold in the european union. this is the business i'm kate ferguson thanks for joining me it was a hotly anticipated patient i.p.o. and it turns out to have been as lucrative as analysts expected german biotech company has made well over 200000000 dollars in its debut on the non-stock stock exchange the firm is working on a covert 19 vaccine and wants to use the funds to pay for clinical trials. for 20 years from its hitch queue in southern germany cure of ike has worked on vaccines and on drugs for cancer and other diseases it came to the global attention in march when u.s. president donald trump reportedly want of the company to relocate its research and development for a covert 90 vaccine to the u.s. . the risk to make a vaccine is harder nope around the world and cure of remains a leading con

anti fascist organization have received a lot of press in 2020 with even the president of the united states china in the united states of america will be designating and as a terrorist organization here in germany they haven't received that type of criticism but there is a controversy surrounding the use of university students fees from cologne to go towards a contribution to the group for the 2020 to $21.00 winter semester each student at the university of cologne pays $280.00 euro and $0.95 from $205.00 euro and $0.95 goes to the student council and is meant to pay the transport discounting worker's salary and for the department's work out of the 10000000 euro the council will take in around 8 and a half 1000 will be paid to the student branch and to take its delicate because while anti far on demonised here the way they are in the us a report by germany's internal security service the beer file has some pretty strong things to say about a cake and the groups it's associated with conservative student groups in turn and not so happy that they have to contribute to a case without choice it should

. >>> the united states and china are trading accusations over each other's actions in the disputed south china sea. the united states says china's recent military exercises are counterproductive to easing tensions and maintaining stability. the department of defense also claims china launched four ballistic m missiles into the south china sea on wednesday. the pentagon described the moves as an attempt to assert unlawful maritime claims. china has overlapping claims with vietnam, the philippines and other countries in the disputed waters. a senior chinese military official accused t the u.s. of sailingg a warship through its territoriall waters on t thursd without permission. he said the u.s.s. muss ton was sailing off the islands, also known as the pair sell islands. china, vietnam and taiwan all claim them. >>> u.s.ment donald trump wrapped up the last day of the republican party convention. he used his final speech to attack democratic party opponent joe biden and set up his re-election campaign. >> my fellow americans, tonight with a heart full of gratitude and boundless optimism i p

time now for a quick break here because when we return 6 months ago the united states and china were praising phase one of their trade deal but now or we may be at a new low in relations between the 2 countries we'll break it down with the dean of miami or business school as we go to break here the number is up but. so what we've got to do is identify the threats that we have it's crazy on sunday shouldn't let it be an arms race is on offer and spearing dramatic development only really i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. as the u.s. economy was booming growing numbers of people when they need us. you can work 40 hours 'd in a week and still not have enough to get housing everybody believes america still has the lead up to the reality of those who were not financial ecology and the lack of affordable housing or living minimum wage give many people neutralise though there's been a problem with the city bluenose turn to richard cole who stay away oh miss the old 2 sins of the food that there is no answer beca

united states. the lead on this coalition against china paris what it to happen. but if we step out, we, smaller country, we feel that we will get really creamed by the chinese. if the united states leads, we will support that under u.s. leadership. so can you give us a little more detail what you talked about in your opening testimony which i think is very promising. we will have support in the senate. >> so you are absolutely right. the biggest elephant in the room is china's retaliation. it terrifies countries and terrifies companies. this is the whole reason for an alliance of democracies. which would also include the private sector. because there is strength in power. in unity and solidarity. and if you look at china's tactics they are bullies. >> you believe the panelists that testified before china recognizes that this is our ultimate strength right now? are long-term, deep global network of alliances that we have and they pretty much don't have it all? >> by the way if you look at what our strategies are comprised of. it's taking our comparative advantages

what about this economic decoupling between china and the united states? >> to have an opportunity to have foreign counterparts and i will say how is your relationship going with china? they will say a big trading partner and then lean inea and look both ways and say we don't do that. stuff. you look at those american values and principles you do business of people that you trust. so think about it. arguably our greatest geopoliticalal resource name one ally the chinese communist party the red people's republic of china has. they have. they have states like north korea but not genuine alliances and with the radical twins between china and iraq. and then you are absolutely right. that is not an alliance but a marriage of convenience divorce.o that is why through the years that is a one belt oned way tollroad because they are getting the resources sucked up in the currencieses sucked u. there is a lot of things. >> thank you for your support and encouragement clearly you have elevated that department. i know colonel sullivan served there before, i take it to

time now for a quick break here because when we return 6 months ago the united states and china were praising phase one of their trade deal but now we may be at a new low in relations between the 2 countries we'll break it down with the dean of miami her business. as we go to break cannot break up but. join me every thursday on the alex salmond show and i'll be speaking to us from the world of politics sports business i'm show business i'll see you then. summer solutions that's right we solve all the problem with bringing in the biggest geniuses we know that have ever been on the show today we're going to talk about a very scary d. word and that of course is. joining us former tech entrepreneur jeff good he's the author of the price of tomorrow why deflation is the kid to an abundant future this book has caught fire amongst the community the communities it's really a fantastic book. and illegal takeover of a government by a small group. rather than revolution result. small group the operations when you have a tiny group of people who have all the power you have to have some means to

chump -- trump wants to curb china's influence in the united states. dance is under pressure but china's not backing down. >> we call on some individuals in the u.s. to listen carefully to the voices of the international community, to provide an open and fair environment for each market and its investments in the u.s., to stop lettuce icing investments and trade issues, and to stop abusing the concept of national security to promote discriminatory policies. in beijing, r reticence -- residents say they are surprised that an app has been dragged into a fight between politicians. >> i think is because the united states-china relationship has really deteriorated recently. >> we use many apps and software developed by the u.s.. tiktok has been successful at gaining many users around the world, but i did not expect that due to put a coat reasons this could affect the economy and even app users -- due to political reasons, ththis cououd affect the economy and app users personally. >> suffer up microsoft's ventures into the world of social media have been limi