but you are not able to persuade him to back off his campaign promise to withdraw the united states from tpp. and he has spoken very critically about tpp and indeed, the international trade arrangements. administration now looking at international economic relations, the new u. s. administration, it'll have wilbur ross, who has been critical of japan's policies in the past, japan still has a large trade surplus with the united states, $70 billion. larger than mexico and second only to china in terms of the u.s. deficits. are you confident that you can get a constructive trading relationship with the united states, given the importance that president trump has attached to what he calls fair trade, then to eliminating or reducing the trade deficits the u.s. has? translator: no. between japan and the united states, i believe that economic cooperation can be developed and expanded. we will be able to build a win-win relationship. i am convinced of this. the twin president trump and i myself, before the inauguration, and after the inauguration on the 10th of february, we have and on summit meetin

backou were not able to off his campaign promise to withdraw the united states from tpp, and he has spoken very critically about tpp, indeed, about international trade arrangements with other countries. with the administration about looking at international economic relations, the new u.s. administration, you have wilbur ross has been critical of some of japan's policies in the past. still has a large trade surplus with the united states. larger than mexico. second only to china in terms of the u.s. deficits. you canconfident that get a construction trading relationship with the united states, given the importance that president trump has attached to what he calls fair to eliminating or at least reducing some of the trade deficits that the u.s. has? prime minister abe: no. between japan and the united states i believe economic cooperation can be developed and expanded. win-win relationship. -- we will be able to build a win-win relationship. i am convinced of this. between president trump and i, myself, before the inauguration, that is last year and after the inauguration on the 10th of fe

united states. trade officials of the remaining countries are in toronto this one for so-called tpp minus talks. a sign thatare also canada wants to move away fromng partner, the united hates best the united states. sydney airport will not take up the australian government offer to develop the city's long-awaited second airport. it's is considerable risk around the $3.8 billion project are not in the best interest of shareholders. the operator of kingsford smith airport was given first right of refusal to develop a second hub. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. inocencio. this is bloomberg. yvonne: breaking news out of ,mphasis cap -- out of infosys the indian id company, and nothing they are hiring 10,000 u.s. workers over the next two years. this is part of this plan from the company to open four new tech and innovation hubs in the u.s.. we can you see more news of investment heading into the u.s. , but this one is coming from infosys hiring 10,000 u.s. workers in the next two years. betty. betty: certainly the company has been having a hard time dealing with some of the p

tpp 11, the members minus the united states. rishaad: doesn't make sense without the u.s. involved? >> from the u.s.ective or the other countries? rishaad: either really. >> the united states has said the best way to move forward is on a bilateral basis. we will see whether that proves to be tenable. otherhe perspective of countries, they were primarily focused on gaining access to the u.s. market, so the loss of the u.s. is significant. rishaad: we have seen in the #6983, a slight ratcheting down in terms of trade that the u.s. has had with tpp members. is this a trend or because we have had a slowdown taking place as we saw here in 2009 when it fell off a cliff? what is the story in your view? variety ofuld be a factors explaining why the trade might be declining come but the real issue is that from the u.s. perspective honestly speaking trade vines were not the real issue propelling them forward with the tpp. the primary objectives were to establish an agreement with higher-quality trade standards in the region to signal a commitment to also signaled to china that united states was going to conti

from tpp. they're looking at a world order where the united states is not at the center. >> guess who wanted world order, steve bannon who has said let's tear it apart. could steve bannon be sitting in the white house going yep, this is what we were looking for. >> absolutely. look. i think the handling of the president's trip to nato is certainly an expression of the world view. we've seen steve bannon elaborate and talk about. the destruction of the atlantic alliance. the end of the rules based international order and a return to what russia and china want which is spheres of influence. to me i just think that the cost of the american alliance, the atlantic alliance to us which the president is harping on is very tiny. we pay a small price to be the dominant super power in the entire world and i'm not sure why the president feels it's important to unwind that but clearly he wants to. >> we've got to take a break. >> dang. >> thank you. hallie, we're going to talk to you later in the hour. nick and shelby are going to be with me throughout the hour. >>> next, president trump's response to republi

tpp. >> it's interesting, vietnam is trade.nt on the u.s. for vietnamese have expanded their trade with the united states or 15he last ten years years from about 450 to $45 billion. an important trading relationship for them. for us, it's another big trade deficit. the sixth largest trade deficit that we have in the united states. it's kind of interesting that inviting him to the white house. at the same time, he's criticizing the germans on the trade deficit. if you look at the chart that i has an economym that is 1/18 the size of germany. the trade deficit of the united states is half of germany. they're contributing a lot more the germansem than bases.per capita it may be because of the situationin the asian region if administration is thinking in that way. the chinese are trying to the dominant.s. as trading partner in that area. trying to set up their own trade the vietnamese would be a prame candidate for candidate. it may be that the president and administration see an opening there to keep them out of china's. >> you continue to follow the deficit.with the trade what's the white house saying? on trade so fold here -- focused here on tr

from the uk. >>> japanese prime minister shinzo abe has told cnbc that he hopes the united states will return to the tpp trade table as he pushes ahead to strike a deal. speaking to akiko, prime minister abe said it was vital the u.s. and japan maintained free and fair trade regime. >> translator: we have finally come to an agreement on the rules of free and fair trade. we hope to utilize that agreed framework. unfortunately the u.s. has declared withdrawal from the tpp. since we have come thus far, japan must take on a leadership role and bring the talks forward. we would like to capitalize on the result of our long years of efforts. i think the important point is to ensure a fair and free trading regime in the asia pacific region between japan and the united states. we have agreed that it is very important to create a trading framework which will enable the development of this region as a whole for free and fair trading activities so momentum should not be lost. in the upcoming tpp ministerial meeting in vietnam, i wish to seek the solidarity and unity of the 11 countries so we can come up with a clea

from the tpp. scarlet: the other thing here, i think it is clear that vietnam was hoping that the united states would in the region. the relationship with donald trump is widely important. one of the fears i have talked to people about is that obviously the united states needs china to help with north korea. the united states needs ground on the china seas to leverage the relationship, that is one of the big fears here from vietnam. it is something we are going to continue to watch with our reports. the u.s. just recently normalized relationships with vietnam under president obama. we are also keeping an eye on what president trump does and says with the paris accord. no decision on that has been made. we have heard that that decision is coming very soon. he is hearing from a lot of people on the paris accord and there are a lot of ways to go about it. he could get out completely, he could stay in. with the obama regulations, the u.s. is like going to actively try to do anything when it comes to climate change. julia: he has learned about the options available to him. we have some breaking news, spea

united states for wider scope and added substance including bilateral, regional, and international. >> will you be pushing for bilateral free-trade agreements even that the u.s. has pulled out of tpp? >> after the u.s. withdrew froms. have restarted the framework issues ofto maintain common interest related to economic and trade matters. we respect president trump's decision with regards to trade and we want to make sure we can convince him that this is a mutually beneficial relationship for both sides. and american consumers benefit and prefer these products that vietnam makes to the u.s. market. >> are you saying you are confident in concluding a free-trade agreement, a bilateral free trade agreement with the u.s? noting that president trump has called vietnam a trade sheet because of the trade deficit with the u.s. in anye is no cheating kind of product that we export to the united states, whether it he -- we have access to prove it. i would like to stress that besides exporting to the united states, we now import from the u.s., including airplanes, engine turbines, down to the ag maize.ucers like imports from the u.s. will increase as we will sign billion dollars -- billions of dollars in meaningful and high-

united states for added substance in all three channels, including bilateral, regional, and international. pushing for a bilateral free trade agreement given the u.s. has pulled out of tpp? the u.s.an phuc: after withdrew fromhe tpp, vietnam and the u.s. have restarted the trade and investment trade agreement, to maintain dialogue on issues of common interests related to economic and trade matters. respect donald trump's decisions with regard to trade and, we want to make sure we can convince him that this is a mutually beneficial relationship for both sides, and american consumers benefit and prefer the products that vietnam experts should the u.s. market. >> are you saying that you're confident of concluding a free-trade agreement, bilateral free-trade agreement with the u.s.? noting of course that president trump has called vietnam a trade cheat because of the $31 billion trade surplus with of the u.s.? nguyen xuan phuc: there is no cheating in any of the products we export to the united states, whether it be catfish or shrimp, and we have all the proofs to prove it. i would like to stress that besides affording to the united states, vietnam also imports and buys a lot of products from the u.s., includin

united states for wider scope and added substance in all three channels, including bilateral, regional, and international. you be pushing for a bilateral free trade agreement given that the u.s. is pulled out of tpp? ju from, vietnam and the u.s. have restarted the framework to maintain dialogue on issues of common interest related to economic and trade matters. we respect president trump's decision with regard to trade, and we want to make sure that we can convince him to this is a mutually beneficial relationship and americans consumers benefit and preferred the products we export to the u.s. market. >> are you saying you are confident of concluding a free trade agreement, a bilateral free trade agreement, with the u.s.? noting of course that president trump has called vietnam a trade chief the cousin of the $31 billion trade surplus with the u.s.? cheating in any kind of products we export to the united states, catfish or shrimp, and we have the books to prove it. i would like to stress that besides exporting to the united vietnam imports and buys a lot of products from the u.s., including airplanes, turbines, down to the aggro producers. importsll you that the of vietnam from the united states will in