the big issue for the white house is the us trade deficit with china — the vast amount the us buys from, compared to the other way around. that deficit was $375 billion last year. president trump wants it slashed by $200 billion within the next couple of years. according to reports, china is now prepared to agree to that. robin brant is in beijing. the idea china will start buying $200 billion more worth of goods from the us — that's a huge sum — questions arising around how easily, realistically, could that be achieved? well, it's a staggering number. to try to achieve that kind of a cut in the surplus within just a 2k month period, many people think it is, frankly, laughable. look at the main exports from china to the us, top of the list is things like smartphones, ipads, furniture, component parts for hi—tech goods. if you added those numbers on an annual basis they do not come near the $200 million total. that aspiration for the president is what he has rested his domestic political credibility on. if he were to achieve any kind of agreement he would be happy with that. a cut in the

us. look at this chart. chinaround $400 billion worth of goods to the united states every single year and if you look at the 2016 figures, around half of thatis the 2016 figures, around half of that is made up of machines, and 10% of those machines are computers made in china. here's the problem. according to some analysts at least half of the products made in china are actually made out of china in countries like malaysia and vietnam and south korea and many of the products made in china have parts that are actually made in the surrounding countries and so those countries could end up taking a direct hit from a trade war, a loss that one estimate puts at up to 1% of gdp, so that's why when president trump threatens to put taxes on chinese goods, is effectively putting a tax on countries that help to contribute to goods that china puts together which is why the trade talks between the us and china this week matters so much to the rest of us. week matters so much to the rest of us. french president emmanuel macron

the us and china say they will hold ta riffs the us and china say they will hold tariffs putting a trade on hold. and there are record shattered on the auction block as a bottle of whiskey fetches more than $2 million. the us trade war with china is on hold after the world's largest economies agreed to drop their tariff hold after the world's largest economies agreed to drop their tariff threats hold after the world's largest economies agreed to drop their tariff threats while hold after the world's largest economies agreed to drop their tariff threats while they hold after the world's largest economies agreed to drop their tariff threats while they work hold after the world's largest economies agreed to drop their tariff threats while they work on hold after the world's largest economies agreed to drop their tariff threats while they work on a wider trade agreement. officials from washington and the —— dacey and beijing say they are setting up a framework for addressing future trade barrett —— imbalances. it is said at his achievement for both sides. for now, this nascent trade war, and

the big issue for the white house is the us trade deficit with china — the vast amount the us buys fromhina, compared to the other way around. that deficit was $375 billion last year. president trump wants it slashed by $200 billion within the next couple of years. according to reports, china is now prepared to agree to that. but how it will be achieved is another matter, as kim gittleson in new york explains. the problem is, when it comes to us exports, it would actually be very difficult to significantly increase the amount the us exports to china without significantly lowering the amount of exports, say, to the european union or canada or mexico. so while the headline figure might be something that china says, sure, we will buy $200 million more of goods, that actually might be significantly more difficult practically achieved here in the united states. that is the challenge, isn't it? with me is dr sam fowles, fellow at the foreign policy centre. thank you for coming in. $200 billion is a huge amount and would ta ke billion is a huge amount and would take a big effort. can you see a

plus: braced for a us—china trade war.e report from dongguan, once called the ‘workshop of the world'. and on the markets, asian shares holding steady after wall street closed higher, with brent crude edging towards $80 a barrel. we start with driverless cars. they are on their way, whether we like it or not, and today the eu will unveil its plans to catch up with the us and china in this fast—developing technology. it will include investments in infrastructure as well as co—operation between member states on rules and ethics. the eu's flagship programme only got underway last year. l3pilot is operated by a consortium of car companies, led by volkswagen, which will test vehicles across ten countries. compare that to the us, where nevada became the first state to permit testing back in 2011. now, 21 states have laws governing driverless car testing. china is also investing heavily, with plans to launch 30 million vehicles with some degree of autonomy within the next decade. it is set to be the world's biggest market for aut

also us farmers, china is saying you have put tariffs on us china is saying you have put tariffs on us we are going to put ta riffs on us and we are going to put tariffs on soya beans, that will hurt us farmers. so there is a lot riding on these negotiations. and we will keep across it all. the financial times front—page looking at the growth figures which came out yesterday, saying the weakest for 18 months. the eurozone slowing, as it were. slightly better than the uk. definitely better than the uk. a smidgen of growth. so much weaker than we had last year, and economists blaming lots of things. some winter weather, but it could be just that they are hitting capacity constraints. i say that because last you's growth in the eurozone was very strong. it could thou rob running out of room to keep up with that pace of growth. in the meantime, i love this story. the black men arrested in philadelphia starbucks got the classiest settle m e nt starbucks got the classiest settlement possible. they have both been given a dollar, but they have a could of $200,000 fund to help young men there.

one thing that the us also wants to really see changed is the agricultural policy china. this list of products primarily in the agricultural space that they are going to target in retaliation. the us wants to see this change in on the news of this meeting, we have seen prices change in the commodities, in terms of soya beans. and if you have the top chinese financial official in washington, definitely beijing would want to have a compromise, so this puts a lot of pressure on trump to meet them halfway. yes, and is facing pressure from his own party in number of ways. interestingly, we have just seen the last ten minutes, this has broken, that the us ambassador to china said china agreed to do a of things. he says that basically there are very parts still in trade and china has agreed to do still in trade and china has agreed todoa still in trade and china has agreed to do a lot of things and a lot of promises. they will set a timetable and you want to see these things sooner or and you want to see these things sooner or later, so thou a lot doubt still from the republican

looking at the said te as a wake—up call after the telecommunications giant became entangled in us and chinaons. indian companies say they $12.5 billion investment is not welcomed by all australians. glad you could join us, and exciting addition, and i am in singapore, and we start out with the chairman of chinese giant 10 cents said the trials and tribulations of zte should serve as a wake—up call for the technology sector. he said investment is desperately needed to make sure other companies are not left in the same vulnerable position. this comes as president trump is under fire position. this comes as president trump is underfire from both position. this comes as president trump is under fire from both sides of politics accused of being too lenient on zte. the trump administration says the company faces a $1.3 billion fine for illegal trade by us lawmakers say this is not enough. more details i'm joined by katie silber. how businesses responding to zte issue? the issue has made them fearful, so the chairman of tencent said zte needs to serve as a wake—up call, because zte made itself so

china, no. those are supposedly on hold. according to ustrade representative robert light hauser there still an option but the second round we have a list or propose list of 50 billion worth of chinese goods that could be subject to tariffs and there was an additional 100 billion that was never put out and never went to the public. >> host: to the other point from the color making the point that the presidents concerned with instant gratification as she put it. some are arguing opposite that he's pulling out of deals and getting to the table with people to rewrite language means he is interested in the long-term for the us and can you give us flavor there? >> guest: if you look at it from the china standpoint i think that he has definitely some advisors who are pushing for the long-term vision on china because china has made the 2025 plan with her trying to, you know, cultivate national champions through subsidies and that is something that is concerning to some of the presidents closest advisers on the china trade front. they are looking a

while trade tensions between the us and china may be strained at the moment, there is one area where ip is warming, and that is — superheroes. because us comic giant marvel has published comics featuring the first chinese superheroes, this through a partnership with china internet firm netease. but panther made about $1.3 billion worldwide since it opened in debris, and since it's releasejust two weeks ago, avengers the infinity war has pulled in more than $1.2 million —— $1.2 billion in ticket sales. not bad investment for disney, which bought marvel for $4.2 billion in 2009, and now with a chinese superhero will that help it to conquer the market? it's finally there, ina to conquer the market? it's finally there, in a way that's very much resonating with chinese audiences. they don't have to think they are just seeing foreign characters, and asi just seeing foreign characters, and as i think some of your earlier reports have referred to, there's been a lot of tension going on between the us and china, so this is definitely a bright spots on both sides, especially marvel. is this a l

singapore was seen by top us officials as a good neutral choice for the trump kim talks. in 2015, the leaders of chinat here, the first in more than 60 years. the us and singapore have a close relationship will stop singapore have also has diplomatic ties with north korea, but they suspended all trade with the country in november last year. interesting to hear the reasons why singapore was chosen. now, let's brief you some other business stories. uk supermarkets sainsbury‘s and asda will have to sell off at least 73 stores for their merger to get the go—ahead according to new research. the new supermarket group would become the largest in the uk by market share. but the £15 billion deal is set to face huge scrutiny by britain's competition and markets authority. music streaming app tidal has been accused of inflating audience figures for albums by beyonce and kanye west, unfairly boosting their royalty payments. tidal denies the allegations in a norwegian—language newspaper, saying the data has been stolen and manipulated. tidal is part—owned by jay z, beyonce's husband and a long—term friend of kanye

as the tough talk on trade between the us and china continues, has had any the us and china continues, has had a ny effect the us and china continues, has had any effect on exports? we will watch as china unveils official trade numbers. and the only female trader on the new york stock exchange floor tells us how she has made it in a male dominated world. good morning, asia, hello, world. it is a tuesday. glad you could join us for another exciting addition of asia business report. i'm rico hizon. we start off with china, and the mainland is releasing its trade balance for the month of april, being watched closely in light of trade tensions with the united states. economists expect a trade surplus of nearly 28 early in dollars last month. exports are expected to grow 7.5% in april after a drop in march because of seasonal faq is and imports are forecast to rise nearly 16%. as you can see from those estimates, a nalysts can see from those estimates, analysts expect a rebound. for more on what to expect from the trade numbers coming out of the second biggest economy in the world, i am jo

china. about this. the us military needed doxycycline after the anthrax attacks and it was obtained from china. someone from the industry said, sort of china is the anthrax attacker? our medicines can be used as a strategic weapon. then there are other examples. when india said that in the newspaper they said maybe i'll military is dependent on the adversary for medicines.i thought about what about us in the united states? where's that? i called up the defense department and communicated with the defense logistics agency which purchases medicine on behalf of the military family members, retirees and the acknowledged beginning of 2012 that it had to begin purchasing a limited number of drug products from china. apparently because it wasn't any other source. and what about our veterans? veterans hospitals now, the federal government has made it easier for the va to purchase drugs made in china simply because that is where the commercial market was going. what about the risks? what are the hidden costs of cheap d

plus: braced for a us—china trade war.ing steady after wall street closed higher, with brent crude edging towards $80 a barrel.

correspondent thomas sparrow he's on the story for us tonight here in berlin good evening to you tomo so here we have uncle america walking a tight rope with china talk us through what is at stake with this visit politically and economically well politically and economically those are obviously brand that two specific cases of this visit the two main goals germany and china have bilateral strong relationship or at least that's the way it's described as a relationship of growing political substance yourself mentioned the fact that this is not i'm going to merkel's first trip to china in fact there's an average of about one trip to china and those are all issues that are going to be discussed just as they've been discussed before and obviously economically the aspect of trade the fact that china is germany's biggest trading partner the fact that both countries basically depend on each other to a large extent when it comes to trade although germany does view certain aspects critically when it comes to for example intellectual property when it comes to reciprocity market access those are elements that says a young america will want to talk but there

china buys no products from us when they have cheaper alternatives. the tariffs they impose will come at a cost to them. this would be particularly true in agricultural products. china has 20% of the world's population but only 11% of the land. they cannot cede themselves so they must import to fill the gap, especially as the shift toward more protein content. take soybeans as an example. it is true china is our largest customer but also true that brazil already accounts for more than 50% of chinese imports while we are at 30%. for brazil to replace us they would have to increase their exports to china by 60%, 60% but if brazil could ship that much more at competitive prices they wld do so already. they have not been holding back just to help the united states. brazil has issues with climate variability and its transportation networks and those limit the ability to export materially more than it already does. realistically, then, to fill the additional chinese demand, they would have to diverse and soybean, in return for a higher price to china they mi

markets are riding high on the news of progress in the trade talks over the weekend between the us and chinaso the us trade war with china is on hold, after the world's largest economies agreed to drop their tariff threats while they work on a wider trade agreement. officials from washington, dc and beijing say they are setting up a framework for addressing future trade imbalances. the treasury secretary steve mnuchin has been speaking to the press about the progress they are making. with me is deborah elms, executive director of asian trade centre. welcome. good to have you on the programme. tell us your thoughts about this progress we have seen over the weekend. i think it is fine as far as it does but it is a little unclear as far as it does but it is a little u nclear yet as far as it does but it is a little unclear yet where they are out, i liken this to a couple that is headed for divorce and instead of getting a divorce, they announced they are going to start marriage counselling, which is great, immediately send not getting divorced. but the problem i see at the moment is that we do

president trump had announced in march that he would impose tariffs of 25% on all steel imports into the us. china a list of us products that would face retaliatory sanctions, but none have been put into force yet. now beijing said it would buy more us—made oil and gas products and agricultural commodities, but did not give any details. that appears to have done enough to persuade the us to suspend the proposed tariffs on chinese goods, which had been set to come into force on monday. translation: the strongest demand from both the chinese side and the us side is to stop the trade waw and stop imposing more tariffs on each other‘s products. this time, both sides pledged to stop the trade war and develop good relations, in trade. i think this is a major demand from both countries. i'm pleased to report we have made very meaningful progress and we agreed on a framework, which is important to understand. the framework includes their agreement to substantially reduce the trade deficit by increasing their purchases of goods. we also discussed very important structural issues in that they are going to m

on the campaign trail two years ago, he accused china of raping the us through its trade policies andty. although it flatly rejects such accusations, china is keen to avoid a trade war which the world trade organisation said would have a severe impact on the global economy. joe lynam, bbc news. stay with us on bbc news, still to come: the royal wedding's best kept secret. the dress designer for the duchess of sussex reveals the story behind it. this morning, an indian air force plane carrying mr gandhi's body landed in delhi. the president of india walked to the plane to solemnly witness mr gandhi's final return from the political battlefield. ireland has voted overwhelmingly in favour of gay marriage. in doing so it's become the first country in the world to approve the change in a national referendum. it was a remarkable climax to what was surely the most extraordinary funeral ever given to a pop singer. it has been a peaceful funeral demonstration so far, but some of the police are tear gassing the crowd — we don't yet know why. the pre—launch ritual is well—established here. helen

and if we should try to be the first in as many fields as possible so china can come to the us is good and so bob orthogonal to me you think the trade war could harm investors so there shouldn't be one china and the us should work together from the same foundations ok you could see what our father and uncle what i think i can buy luxury goods such as cars or watches at lower prices ok. let's get the view from now aged correspondent andrea hang who's in singapore and tell us more about the deal i know there's not much detail at the moment but can you at least read between the lines well whole why china has a greek greek such small from the us securely the energy and cultural sets of people and that because of about this whole thing because but this all should because a clip be a noncommital a leader would know what china is up to and b it's not enough to fill that three hundred thirty five billion dollar treat deficit i know according to a state chinese official who wrote on a beach at those in oak a communist party's people daily the agreement i quote preserves try this right to develo

(soft music) - [narrator] china is the second largest economy in the world, and it's expected to replace the us as the top economy in less than a decade. beijing is increasingly looking beyond its borders toward investments in asia and across the world. their ambitious plans could make china the epicenter of global trade. washington must find new ways to adjust to china's global expansion. china: the new silk road. next on great decisions. (soft music) - [announcer] great decisions is produced by the foreign policy association in association with thomson reuters. funding for great decisions is provided by pricewaterhousecoopers llp. (soft music) - [narrator] chinese history for the past 30 years has been a story of economic growth. - there's never really be an economic revolution quite like china's. the most populous country in the world also enjoying the most rapid economic growth in history. an industrial revolution is far more rapid than in britain or america, for example. - we've never seen so many people come out of poverty so quickly. we've never seen so many people go from the rural coun

politics and business and one issue that tackling is the reshuffling of the wall who would have us when europe china and the us. he's certainly no fan of global free trade since donald trump took office he's renegotiated several key trade agreements and backed out of all those foreign steel and recently cars are all according to trump a national security threat and he's fighting back with import tariffs trump's isolationist path is part of the strategy he wants to give domestic companies an edge in the u.s. markets american made cars for example are often less popular than german ones. but the u.s. is new direction is helping foster new by natural coalitions germany and china affirmed their joint commitment to global free trade during chancellor angela merkel's visit to beijing but can such efforts really hold the tide of protectionism coming from the world's largest economy and what about the w in recent years the trade organization has gained a reputation for drawn out negotiations resulting in no clear solution its function is to promote free trade and establish a framework for its critics howeve

driverless cars are coming and europe's about to catch up with the us and china in this fast—developingechnology. but can questions about safety still be resolved? plus: from tencent to half a trillion dollars. the chinese tech giant unveils record profits thanks to a boom in mobile phone gaming. and we keep an eye on the market is for you as ever. a fairly flat picture across europe at the start of the day. that is how they are looking at the moment. well it's not long until the royal wedding which takes place in windsor on saturday and preparations are hopefully close to completion. butjust how do you plan a successful high profile wedding? we'll get the insights of an online wedding planner. you can throw in any questions you might want to put to a wedding planner, because we know that weddings can be difficult and very expensive. today we are also asking if it was your wedding, what is the one thing you would spend the money on? let us know. just use the hashtag bbcbizlive. yes, we want to get your comments. i was thinking about it and you can't go far wrong with the cake? big and e

president trump had announced in march that he would impose tariffs of 25% on all steel imports into the us. chinahat would face retaliatory sanctions, but none have been put into force yet. now beijing said it would buy more us—made oil and gas products and agricultural commodities, but did not give any details. that appears to have done enough to persuade the us to suspend the proposed tariffs on chinese goods, which had been set to come into force on monday. translation: the strongest demand from both the chinese side and the us side is to stop the trade war and stop imposing more tariffs on each other‘s products. this time, both sides pledged to stop the trade war and develop good relations, in trade. i think this is a major demand from both countries. i'm pleased to report we have made very meaningful progress and we agreed on a framework, which is important to understand. the framework includes their agreement to substantially reduce the trade deficit by increasing their purchases of goods. we also discussed very important structural issues in that they are going to make in their economy to

which means by twenty twenty we could see a risk of recession in the united states trade war between us china would result in a loose loose situation which means the policy makers on both sides are likely to be rational that's what we have seen in past two weeks but having said that i think the trade the tensions between china united states are unlikely to go away really just for one reason the u.s. economy right now is facing the risk of overheating at the same time the fiscal policy with tax cuts could actually result in a larger trade deficit between the united states and china. i know that europeans want it many people in the world think the sanctions are absurd including me i hope they're dropped i don't think it will happen anytime soon though will america withdraw the sanctions probably not will the europeans say we're going to do it anyway probably so the germans don't see any reason for it italians many people do not see any reason for the sanctions and they will point out i don't know of any sanctions in history that have had a major effect yes they are facts on individuals and comp

reasons, maybe including trade, because they have never had this problem before, china has never had this problem with us, it could very well be that he is influencing kim jong-un. we will see what happens. meaning the president of china, president xi could be influencing kim jong-un. ago,u remember a few weeks all of a sudden, out of nowhere, kim jong-un went to china to say hello again, second time to president xi and i think they were dedicating an aircraft carrier at fort largely by the united states. thank you very much, everybody. all right, thank you. please start making your way toward the door. >> this week, the white house did not release a presidential weekly address. representative marcia fudge of ohio delivered the democratic weekly address. she gave her reaction to the u.s. house rejecting the fm

it's a huge new law that applies to all eu countries, but even companies in the us or china have to follow new rules if dealing with eu citizens. gdpr spells out how companies can get our consent to use our personal information. a request for consent can't be buried under pages and pages of terms and conditions, it has to be clearly distinguishable from other matters. pre— ticked boxes can no longer be used to indicate consent. and making someone hand over more personal information in exchange for extra features or a proven service is also not allowed, because that doesn't count as freely given consent. the law gives all eu citizens the right to access and erasure. at any erasure. atany time erasure. at any time you can ask a company for a copy of your personal information and they'll have to comply within a month. you can tell a company to correct any data that is wrong, or ask a company to delete any personal data it holds about you and they'll have to have a good reason not to do so. gdpr also requires companies to keep our data safe to stop it being stolen. if there is a data breach, c

jimmy needs the us i mean china and the us that germany's biggest trading partner but he also. nts to carry on with a very good relations with china but doesn't want to be seen to be that she said of being pushed into sort of china's arms because of the conflicts but then with the americans you know the absolutely right. i have to fears for about this and one is first of all i do think it's as bad as that could suggests from the chinese point of view europe is a little appendage of peninsular at the end of asia and i think that europe could become in this century which is still young rule takers not rule makers in the second fears the chip in it that the chinese might clash with the reigning or waning superpower which is america and i was really intrigued when i was there this is now years ago when i was speaking to young scholars inside the chinese communist party and what they wanted to talk to bad is the his historical clash between britain and germany in the nineteenth century was that was the british century and germany rose to build its empire its place in the sun and it l

>> the us once china to buy more us goods. e trade deficit and they want intellectual property protection. they want china to stop forcing companies to hand over intellectual property and trade secrets. the us really wants china to back off of its made conductors, technology, become world leaders in technology and the government will subsidize companies to do that. it is unfair to subsidize that. and go with it. >> and forcing technology transfers. and us companies do business in china. and you need to partner with our companies and hand over your technology to companies and intellectual property is the backbone of the economy and trade representatives say that needs to stop. heather: our great financial team, the level playing field on trade, look forward to being with pres. xi jinping. and is not too distant future, we always had a good, great relationship. in terms of what will be accomplished and what could be done. >> you will see the chinese make a commitment to buy more to bring down the trade deficit and you will see th

and the china daily also leads on us—china trade. could be the final frontier for business. china's first carrier rocket designed and built by a private company was launched on thursday morning. the os—x suborbital rocket flew for 306 seconds and travelled 273 km through the atmosphere before falling back to earth. "there is still no collusion" — that is what president trump tweeted, exactly a year since robert mueller was appointed to investigate possible collusion between the trump election campaign and russia. his team has made 22 indictments, although none so far about collusion. their targets include former trump national security advisor michael flynn and former campaign chairman paul manafort. the special counsel has requested an interview with mr trump, a proposal the white house hasn't agreed to yet, at least. a leaked list of questions submitted to the white house suggests mueller‘s team is looking at whether the president obstructed justice. so what did trump know about his team's contacts with russia? jane obrien has been

china. in other words it wants a reduction by more than half in the difference between what the us buys fromnd what china buys from the us. the fate of zte will be important to any progress. it was effectively forced out of business as a result of last month's us ban on buying american components. it was found to have breached a settlement for illegally selling telecoms equipments to north korea and iran. more broadly both countries have threatened each other with import tariffs. greg swenson is a partner at brigg macadam limited. hejoins me now. thank you for joining us in the studio. what are you expecting from today's meeting? it is very hard to predict anything when the trump administration is involved, they like surprises. that is important to keep in mind, the zte news yesterday was huge news, even for the trump inner circle. you need to anticipate and excitement, but generally i think it is good news, there have been concessions, which is progress. the zt e situation shows how intertwined economies are? lots of free traders and conservatives like micelles were very much for punishing

nuclear deal which america which john king has just pulled america out of and earlier today she said us and china and germany were standing and united in keeping that deal going. thank you so much that was irish times correspondent clifford cohen in there speaking to us from beijing. and while there is addressing trade and international crises in china german for mr holcombe us is attempting to do the same in the u.s. has said that europe is a long way from a compromise with the u.s. on a new or brand new clear deal who is on a visit to washington was speaking after back to back meetings with the u.s. secretary of state and national security advisor john bolton the u.s. pulled out of the twenty fifteen accord with the rent a move which germany has called a threat to international security. in my opinion we are far away from a compromise. we are taking two completely different approaches to the approach that germany has decided to take along with france and the u.k. that is the one we will continue to pursue in europe. and that was high cholesterol his foreign minister speaking there on his first

and it was all in let's do business global equities a tanking investors not too sure the us china trade war is over on the one hand reports of chinese state grain stockpile has returned to the u.s. soybean market a sign beijing is preparing to resume purchases after agreeing to buy more from the u.s. to lower its trade surplus on the other hand president donald trump says he's not pleased by the talks with china he's worried about compliance with the weekend deal but china is moving fast it's already announced it will slash tariffs on offer we import from twenty five percent to fifteen and the german car makers are wasting time and muscling their way into the world's biggest oil market b.m.w. is looking at lowering its prices considering it won't have to pay so much in judy's audi as well the american economy tesla says its model legs will cost four hundred thousand dollars ladies. and raring is standing by for us in singapore on this story is trump slowly beginning to realize that maybe he didn't get quite such a good deal after all. that quite the first reaction he is posting and it i

us. china's raping us. china's taking our jobs. >> wow. i'm glad you're here.ou know what i just noticed, i listened to it this morning, i want to say before we go, it was at 6:00 a.m. we heard president trump on fox. he said he's looking forward to the summit. there was a good chance june 12th would happen. fast forward two, three hours. >> yeah. >> i understand it was a taped interview. it was a taped interview but the white house could have said to fox before 6:00 a.m. this morning, let's hold off on playing this. things may have shifted. interesting to me. >> unpredictable. >> unpredictable. we have just minutes away from hearing live president trump. it's going to be the first public comments we've seen from him on twitter already since calling off the upcoming meeting with kim jong-un. we'll bring that to you live. dear foremothers, your society was led by a woman, who governed thousands... commanded armies... yielded to no one. when i found you in my dna, i learned where my strength comes from. my name is courtney mckinney, and this is my ancestrydna sto

representing us and now you have somebody that is very good at this stuff -- me -- representing us. china has taken out hundreds of billions of dollars a year from the united states. i explained to president xi, we can't do that anymore. we just can't do that anymore. it's a much different situation, but with all the years and all the years you've covered, trade, and nations, and wars, and everything else, you have never seen a people come over from china to work on a trade deal. will that be successful? i tend to doubt it. the reason i doubt it is because china has become very spoiled. the european union has become very spoiled. other countries have become very spoiled because they always got 100 percent of whatever they wanted from the united states. we can't allow that to happen anymore. we are an incredible country. we have incredible potential. the potential we have is incredible. we lost $800 billion on trade last year, if you add it all up, of which china was around the $500 billion mark. we lost $800 billion, can you believe that? is that an amazing thing to even think about? we l

us treasury secretary steve mnuchin will host china's vice premier liu he in washington today. zte was on the agenda last time they met — in beijing at the start of this month. at those negotiations the us demanded a $200 billion a year cut to its trade deficit with china. in other words it wants a reduction by more than half in the difference between what it buys from china and sells to china. the fate of zte will be important to any progress. it was effectively forced out of business as a result of last month's us ban on buying american components. it was found to have breached a settlement for illegally selling telecoms equipments to north korea and iran. more broadly both countries have threatened each other with import tariffs — something which doesn't concern the us commerce secretary wilbur ross. the commonest department's recent enforcement actions against the te, china's second largest telecoms equipment manufacturer, essentially caused them to cease operations. president trump tweeted yesterday that we will review that action but it does demonstrate china's dependence

also coming up in the business briefing: braced for a us—china trade war.e ‘workshop of the world'.

deficit and buy more stuff from us. chinad to do some of that. we thought the whole global economy would crash but they agreed to buy a of goods and it's all a bit vague at the moment. but would be big move. not things like steel which have been the big bugbear. energy products like liquefied petroleum, apparently that is on its way into vast tankers and that will be stockpiled, and who knows if these deals will ever materialise? i was an american policymaker, should ibe,| was an american policymaker, should i be, iwould be was an american policymaker, should i be, i would be upset because the big loss is the theft of intellectual property that is american intellectual property and none of these deals seem to resolve any of that. let's look at the guardian, homeless people facing fines and prison. this is a real back to reality story. it's a really terrible story about homeless people being sent to prison for breaching public space protection orders. now, is it an answer to homelessness to send people to prison? it certainly

for the battle's man foundation he believes that trying to balance china's influence in a reasonable way may be running. also with us is under as clues but it's there in chief fault congress block global he was once based in hong kong and has for many years followed the rise of china i'm sorry it says that europe should stop being naive china has a plan for economic domination of the. scene. and a very well welcome to to ruth cash. ruth is a freelance journalist in china experts and she argues that china's belts and road initiative is a good idea in principle but she goes on it lacks transparency and ties participating countries into an all for its history of system. thank you all three for being here with me today. with a big statement and something to show you say china has a plan for the economic domination of the eurasian lunch and sees so how close is beijing to realizing that goal beijing has a long time horizon which is one of the things that distinguishes china from the western democracies and it also looks far back in the chinese narrative china once was the economic superpower of the world in our middle ag

this firm sends about 35% of its products to the us. chinan export dependent economy. but it is everywhere. across town at leather hides a draped over hangers, along with timber, they feature 1—way or another on the us hit list. asian stock markets are making a comeback this thursday due to upbeat economic data from the us. thank you so economic data from the us. thank you so much were investing your time with us. i am rico hizon. sport todayis with us. i am rico hizon. sport today is coming up next. the top stories this hour: malaysia's opposition leader, anwar ibrahim, is released from jail and declares a new dawn. meanwhile, police raid the defeated prime minister's home. uncertainty over the summit. president trump says he hopes his meeting with north korea's kimjong—un will still take place. the royal borough of windsor is usually a sedate sort of place. but with three days to go until the wedding of prince harry and megan markle at st george's chapel, reporters and camera crews have been arriving from around the world. there is particul