exports go to the united states, 9.5% of taiwan and imports come from the us. we know as recently as 1985 about 40% of taiwan's exports came to the united states. .. the diffusion of technology, the transfer of highly skilled talents and so on. for taiwan the reversal of the roles between the us in china in the last 30 years has of the most important economic partner looks at china's globally and all america's relatively declining to china's. former president obama reasserted important pivot to asia and unfortunately well, i think when all is said and done president trump will rediscover the importance of asia but, of course, one of the first things he did was to withdraw for the in my opinion was a lost opportunity. why just like on the surface the relationship is pretty good but why do we continue hearing about squabbles over the last 25%. for example, in the 1980s it was the super 301, section 301 mainly that the us unilateral action to pry open the markets of major trading partners in trace surplus. vis-À-vis the united states. the treasury department now

taiwan did not benefit. how about regionalism in asia-pacific the two most important movements currently are the tpp, transpacific partnership which the us left until the trump administration and the regional comprehensive economic partnership which many said was led by china but actually led by -- taiwan is not part of that. and facing difficulty benefiting regionalism. and and the feasibility of taiwan free trade agreements. and it should not be ruled out either, economic grounds, security grounds, economically, most of the trading partners, the us, except south korea, the aftermath of 9/11, in jordan, bahrain, israel and columbia. if taiwan could be a member of the tpp, 12, 11, taiwan would become the sixth largest member in the tpp. scott is also right, when you have fda you engage in very specific negotiations, certain sectors of the us will benefit particularly the service area. in the peterson institute, government office estimated there would be a small next benefit to the us. on the security realm, also makes sense. and the particular diplomatic isolation and security threat for taiwan as a major economic player on the world sta

she used the exact same words taiwan and use relationship is comprehensive, durable and mutually beneficialeffects on so glad to see both in taiwan and united states a lot of strong fundamentals continue and rhetoric still say. but how about in practice? now, in my opinion, the most critical thing the current president of the united states concerned about in jewish relations with taiwan is how many american jobs the u.s. relationship with taiwan has created. now, you know -- went to wisconsin, investment project produced 3000 american jobs. but how many american jobs have been created by u.s. economic relations with taiwan in total? has anybody done in a study in the past? no. except for me and my colleagues. before my departure. in may last year, let me show you, i still have the booklet. this will need to be updated. based on the formula issued by the u.s. department of commerce, which is for every $1 billion of u.s. exports, about 5300 5300 american jobs will be created. based on that, and then at that time are circulate a direction to all our offices in united states. go to your area of

winning wars to use jinping's phrase and to do that under the disciplined and efficient control of the new commander-in-chief which is a title that xi jinping has taken on. i think for taiwan this suggests reforms put us in the early to middle stages of a roughly three to five-year time for china working tough the allenges of how these new operational and command and work.l relationships that means it's time for taiwan to be very aggressively anti-accessform of and aerial dial warfare grounded in an all of society withach that works neighboring countries and the united states to genere an approach to armed conflict that will make it impossible for the pla to credibly claim to xi jinping they can definitely guarantee victory. csis,y in addition to rand and scba and oer analysts and institutions have done on how china's armed forces could produce a lethal network survivable resilient -- i hope they can move to adjust taiwan's defense incree the pspts oreffective deterrents multiple deterrents and resolute defense. >> sco mentioned something that's very important, we should touch on it. e other aspect here a you asked about what different about xi jinping and his approach. fr

in june, used to rescue people trapped in water. injune, torrential rain in taiwan japan 600 millimetres in six hours. similar scenes injapan in 600 millimetres in six hours. similar scenes in japan in july, where rain causes more than half a million people out of their homes. when a flash flood russia is a major city, disaster strikes. freetown, when a flash flood russia is a major city, disasterstrikes. freetown, in august. and a massive downpour causes muddy water to certain industries. then a mountainside colla pses, industries. then a mountainside collapses, bearing whole communities and families as they slept. hundreds are under this flood, and the death toll may never be known. it is the rainy season here, but this year it has come with unusual and deadly ferocity. and just how quickly can rain transform a trader rusty weather —— transform a rusty river bed into it a river? a happy surprise to some of the southern hemisphere for winter, as santiago is hit with snowfall injuly. the snowfall caused treacherous driving conditions, not that these motorists seem c

viewer who is managing to watch us from -- i forget the country, but he was watching us from that other country, -- taiwan, thank you. he was watching us courtesy of our website. if you go to c-span.org, you'll find all that there. we heard from rex tillerson earlier. when it came to the topic of north korea, the president himself weighing in on a tweet when it comes to the topic as well, saying this on twitter, after many years of failure, countries are coming together to finally address the dangers poised by north korea. we must be tough and decisive. carol in virginia, good morning to you. go ahead. caller: yeah, i think the administration and the senators that proposed this race thing are circumventing, helping the trump administration. because they're looking to immigrants with educated, speak english, or safer than refugees. i went on the daniel boone trail, gateway to the west here at the tampa community, and i can throw a rock from my porch to the original daniel boone trail. and what they're doing is, these are going all from a meal, throw a rock at them. i just don't understand the and ess, cons

democratic congressman ted lou of california is with us tonight, important in taiwan, he went to stanfordrgetown and he's a colonel in the air force reserves who was stationed in guam. we have a second colonel with us well, jack jacobs, a recipient of the medal of honor for his n. congressman, based on your knowledge of guam and where it sits and 14 minutes of nighing time between a launch order in north korea and splashdown in that region, how vulnerable do you think they're feeling right about now? >> thank you for your question. very vulnerable. having served in guam, the u.s. has zero good military options against north korea. any military scenario can spiral out of control, leading to a large loss of life, not just in guam, but also in south korea. that's what makes a president's statements so reckless. he needs to stop backing into the u.s. into a corner where we have no good military options and try diplomacy. >> jack, this is what you've been saying. there are no good options. we keep hearing this phrase, you know, protective strike, an advanced strike by the u.s. remind folks how

taiwan as something that is rightfully thursday. so why, from their perspective, should they put pressure on north korea to give us something that is ightfully theirs in the first place. from our perspective it makes a lot of sense. yeah, we're going to give you back taiwan and you'll give us north korea, but from the chinese perspective it doesn't make sense. that's why it's important to study the chinese perspective. it's important for people who work on this issue to spend more time in china and reading chinese materials because i'm not convinced that a lot of the people in the beltway are doing that. >> i strongly support the idea. i'm serious. we need to learn much more how the other side looks at it. on my package, which i didn't have a chance to lay out, of goodies we made up there, making explicit or implicit understanding that if they're not -- china will not use force to integrate taiwan, we will not recognize it as an independent state. moving from implicit to explicit would be one more character. trying to collect carrots doesn't cost as much and i would add that to at the pot. not going to make you a lot of point if you

so it makes you obviously question well if you know if we're sending more billions to taiwan is china basically using a bit of a power play with this north korea card to say look we can't we have missiles to guys let's negotiate i mean that's that might be what's really happening and you know. i hope that this all does kind of shake out i think we all can hope that there's a shake out as just being you know ok everyone's kind of making little power plays or words kind of inflaming certain things just to show water that sort of you know look at the subordinates show off you know back out of the thing and you hope and in a military style and being you hope people talking and figuring out something you know finding new ground rather than blowing the ground away and everyone falling into oblivion certainly you know that especially if you're living in that region i mean south korea and japan would obviously be the most devastated by any kind of attack and you know obviously china would would be involved i mean. if this does escalate i'm out as you know. at the edges of the elevation of it all comes back a

us. >> reporter: the secretary of state visits the philippines, taiwan and malaysia later this week to discuss the situation on the peninsula. weijia jiang, cbs news the white house. >> both secretary of state rex tillerson and defense secretary briefed the senate foreign relations committee afternoon about the -- this afternoon about the authorization of military force. 18eing partnered to build it in it's a long-range three stage missile capable of carrying a single or multiple nuclearer warheads. it has a change -- nuclear warheads. it has a range of more than 6,000-miles and can travel 15,000 miles per hour. >>> here's a live look at the white house where president trump just signed a bill imposing new sanctions on russia for its interference in the 2016 election. the package of stiff financial sanctions overwhelmingly passed in congress. and moscow responsibled to the sanctions -- responded to the sanctions by ordering a reduction of u.s. diplomats in russia. >>> a suicide bomber driving a pickup packed with explosives struck a nato convoy in southern afghanistan this morning. the

we used to say the taiwan relationship could destroy u.s. china relations. i am worried about north korea. i'm worried about a confrontation between the united states and china and north korea. the last two administrations have both tried to have a discreet conversation with china about what we do on the peninsula. beinstinct is china may finally ready for that conversation, but we have to have it. if we don't manage that issue correctly, we could have a confrontation with china. >> tom. the relationship with china is not only the most complex but the most consequential bilateral relationship we have in the world. that requires us to do just as steve said when he was talking about russia, maximize cooperation where we can, manage competition, and avoid confrontation. i think in the last several years, we have managed to strike that balance white well. not only on climate change, but on peacekeeping, global public health, a whole range, nonproliferation, nuclear security, a whole range of areas with painstaking and sometimes frustrating diplomacy. , and i spe

it seems to me china is primarily -- we are asking them to help us and yet we recently gave china some of our latest -- taiwan some of our latest fighter planes to protect them against china. as i understand the seventh fleet is still between china and the debt and taiwan. it seems like we are not exactly treating china as though we are ready to give up something or cooperate with them. we have a complicated relationship with china. donald trump has to balance that. we have these disputes with beijing about the status of taiwan and the south china sea territorial issues. he has got to balance that against our need to get china to be much more helpful with respect to enforcing international sanctions that are now in place. china's north korea part largest trading partner and china has a great deal of leverage over north korea's economy. worried aboutlso china. they don't like the chinese influence themselves. china's influence is limited with his particular version of the kim regime. we'll have to see whether the chinese enforce the current round of sanctions, which would cut off coal, iron and let exports fro

we used to say that the taiwan thing could destroy chinese-u.s. relations. i think the taiwan thing is fine. i'm worried about north korea and a confrontation between china, the united states, and north korea. the last two administrations have tried to have a discreet conversation with china about the peninsula. china may be- ready for that conversation. but we have to have it. if we do not manage that issue correctly we could have a confrontation with china. >> obviously the relationship with china is not only the most complex but i would argue the most consequential bilateral relationship we have in the world. to do as steves said, when he was talking of russia. to maximize cooperation, manage competition, and avoid confrontation. here in the last several years we have managed to strike that balance well. , werely on climate change we able to find new areas of cooperation but on peacekeeping, on global health, on non- liberation nuclear security, there were a whole range of areas with painstaking and frustrating diplomacy and tom and i both spent a lot of

in nepal, the floods worsen in august, and elephants are used to rescue people trapped in water. injune, torrential rain in taiwanar scenes in japan in july. described as unprecedented, the rain causes more than half a million people out of their homes. when a flash flood russia is a major city, disaster strikes. freetown, the capital of sierra leone, in august, and a massive downpour causes muddy water to certain industries. then a mountainside collapses, burying whole communities and families, as they slept. hundreds are under this mud, and the death toll may never be known. it is the rainy season here, but this year, it has come with unusual and deadly ferocity. and just how quickly can rain transform a dried out, rusty river bed, into a raging torrent? this quickly. the usa, and arizona, in august, as a flood of water, mud, and debris, suddenly surges out of nowhere, catching campers by surprise, as they scramble to rescue their belongings. a happier surprise to some in the southern hemisphere winter, as a rare snowfall his the chilean capital, santiago, in july. the snow caused widespread power outages, and

making explicit our implicit understanding that if china will not use force to integrate taiwan, that's are an apartment space. and moving on, time to correct this that couldn't cost much of anything, i'm going to add that to the pie. stop selling taiwan we shouldn't have in the first place. . >> all right, next question. >> i live in cairo 25 years, i'm on vacation. anyway, i love you gentlemen-- it seems to be this should be a central issue and i would ask the question, what would be the analogy for germans for unification. >> i know there's quite a difference, the evidence should be important. and people certainly, even the regimes or whatever, want union if ication in the end. in the long-run. >> thank you very much. >> i'll just say a couple of things that come to mind. first, american diplomates, when they talked to koreans about all subjects like this, always talked about the ultimate goal is the reunification of the korean people. after you've said that you go on it talk about the world in which you live. in that world, i don't think many people who believed this usual previobel

taiwan. looking ahead, let us trade the board here. will show you how that actually compares with some other companies here if you put that up, guys, with the full-screen chart. about that.to you on your screen right now, we can see what we are looking at in terms of other trade values. apple being $1.1 billion there. boeing, amazon, microsoft, and google, billion dollar companies. these are falling. these are not very much. $480 million for boeing. getting farther and farther down here. these are the chart you want to know going ahead as we continue this conversation. betty: no lack of activity. thank you so much, ramy inocencio, with those three charts as you look at u.s.-china trade. the president and ceo of cmm international and the wb trade representative lighthizer responsible for u.s. trade and investment relations with asia. robert, thank you so much for joining us. i want to just read for you -- we know there is so much at stake between the u.s. and china in terms of trade. i want to read to you a quote from the u.s. trade rep

they had open war and eisenhower said we will use nuclear weapons to protect taiwan in the cuban missileoviet missiles were on vote approaching cuba and the u.s. navy had to blockade. this is very real. the difference today has become so much more refined and greater in the biggest difference is the people wielding these weapons. some are suicidal. north korea is bankrupt and they can sell weaponry to people who are willing to die. connell: things move so, so fast today. to that point, the power of the presidency before i let you go. a number of suggestions, john hannah made this suggestion, but even before this north korea situation had come up and talked about with regard to health care, the piece in the journal sometime back that the president should turn to a noble office address and maybe now is the time to do it with this crisis with north korea and explain to the american people his thinking and a slower way that you can't do it in a quick full report or retreat or everything else. it is now the time for an oval office address or presidential address? >> now is the time. these are

small, weak companies and say if you want a bunch of investment from us, you will vote our way in the un, you will be against taiwanocritical in their complaints about this because they don that it's part of the president's and secretary of state's overall plan to keep us from going to war with north korea i think. liz: paul, how bad is china's theft of u.s. trade secrets and intellectual property? >> it's so bad that it totally predates the north korea crisis that the president is dealing with. you know, there are a lot of people complaining right now who are concerned what's going to happen to businesses. but they should remember the president complained on this. if you're a free trader like i am, you love free trade agreements to be on about half a piece of paper. people are allowed to trade freely because we're free human beings. but in the political world, it doesn't work that way. nations and companies are always struggling to get the best advantage. and what the president is going to do is require his trade representative to first study it, find out all the things that we know, the billions upon billions of

it uses minivan drivers to move goods around and has expanded into mainland china, taiwan, south koreaore, and india. local media speculating it could become a tech unicorn. rishaad: the hong kong market regulators says the management of energy and others should be barred because of misconduct at the solar company. wantsd the court that it energy band. been suspended since may 2015 since it stock lost 47%. it's unexpected rise had made the company more viable at one stage then twitter. haidi: markets higher, traders shrugging off the most recent north korean missile launch. jonathan, great to have you. this kind of cycle we have gotten ourselves into, escalation come and then de-escalation, and back here again. how do we navigate this? northdid warn that the korea risk issue was unlikely to disappear rapidly. we believe we are trapped in the --cle of eskin- escalation-de-escalation. to be the worst phase of escalation during the military exercises between south korea and the u.s. if you look at the impact on equities, you have to come back to the fact that the earnings environment is e

taiwan that. it's now being cared for by the san diego zoo safari park. stay with us. berkely have been called off. ===jess vo=== what happened and what organizers are doing instead. ===raj vo=== also, great news for the south bay. the new plan to prevent devastating floods in the future. ===next close=== next. ==sot== oc :32-:36 "we )re not gonna go down there. we )re not gonna >>> before we sign off here tonight, a live look at the quickly deteriorating conditions in galveston, texas. we want to get one more check of what's happening along the gulf coast. gabe gutierrez is in the middle of it all. >> lester, good evening. the conditions here are deteriorating rapidly. now a cal gory 4 storm. more than 30,000 homes and businesses are already without power. and local authorities are preparing for a very long night. the texas governor has declared a state of emergency for 30 counties, but there's no clear indication exactly how many people have heeded the warnings to evacuate. this would be the strongest storm to slam into the u.s. in 12 years. and again, right now ther

, the floods worsen in august, and elephants are used to rescue people trapped in rising water and take them to safety. injune, torrential rain in taiwanr scenes in japan in july. described as unprecedented, the rain forces more than half a million people out of their homes. when a flash flood rushes through a major city, disaster strikes. freetown, the capital of sierra leone, in august, and a massive downpour causes muddy water to certain industries. —— and a massive downpour causes muddy water to go through streets. then a mountainside collapses, burying whole communities and families, as they slept. hundreds are under this mud, and the death toll may never be known. it is the rainy season here, but this year, it has come with unusual and deadly ferocity. and just how quickly can rain transform a dried out, dusty river bed, into a raging torrent? this quickly. the usa, and arizona in august, as a flood of water, mud, and debris, suddenly surges out of nowhere, catching campers by surprise, as they scramble to rescue their belongings. a happier surprise for some in the southern hemisphere winter, as a rare snowfall hits the chilean c

using was less regional and more global. triumphed ins had china. shanghai scheck and his nationalist forces had retreated to taiwan. the u.s. forces have become at the end of 1950 still made it -- alemated.l if you look at the national security papers, concrete threat perception to latin america had not changed. again, all of the varieties of assessments were that the soviet union posed no threat to latin america. nonetheless, the truman administration began to change it discourse when it came to latin america. the fear of an ascendant global communist conspiracy supplanted a commitment to democracy and social progress. not so much in action but more in words. we look at the papers, the memorandums of conversation, the national security analysis, you latinre of interpreting america through a global prism. the assistant secretary of state for latin america openly speculated in a speech in 1950 whether the united states could there to the oas charter in nonintervention principle. it was pointed out it was kind contradiction. suppose latin americans don't go along with the idea of collective defense? they would not if

taiwan. declined investment can be expected because capital controls imposed by chinese authorities. y. great to have you. tell us real estate sector. i know you just launched with your luxury developments in bangkok. we have also seen a lot of developers and rivals that have shifted their stock it with discounts and incentives. an oversupply market at the moment? >> it depends on the location you are looking at. we focus on our domestic buyers from top to bottom. we are seeing good growth in the luxury area and mass-market as well. general is not the right word to use. yvonne: not the right word to use? i have a chart to show our users. this is 2047. there is a new housing project and land prices in taiwan, that is showing signs of cooling down a bit. in terms of price, how does bangkok stacked up? is there more room for long-term growth in kind of prices -- condo prices? >> yes, that is why we are seeing a new swarm of buyers. in china as well. a lot of people still see thailand as undervalued in terms of their home cities. a lot of our buyers are betting on the back of tourism. they make a purchase based on th

used to them. there's four or five a year. it's just common place. >> they knew the tropical storm was coming. remember, there were two of them back-to-back. taiwanot hit first. a hundred people injured there. this is in central china. check this out. some are saying that's a mirage. i'm saying this was shot through glass and that's a reflection. that does look like a huge mountain over the city. >> it was zues. i knew it. >>> i'm here to answer those burning questions. can you vacuum in a vacuum chamber? >> no. if there's no air molecules, there's nothing to vacuum. >> our guy at the action lab is going to put this to test. first the control. that's the vacuum chamber. he's going to put lint down and use a dust vacuum to suck up that lint. unsurprisingly, the vacuum was able to suck up some lint with air around it. >> think about it if you were thinking of a propeller in space. it's not going to turn. it doesn't matter. >> i want to know. all right. let's hit the vacuum. eliminate all the air inside of that chamber. and in order to move his vacuum around while it's inside the vacuum chamber, he's just put a little heavy magnet on it. she's slidi

use it? i think in some cases countries have made the decision to give up the nuclear weapons programme. south africa has given up nuclear weapons programmes, south korea, taiwanstan, india, north korea. so you never know, when you start, whether it will succeed orfail. you have to play out your hand and then at the end of the day, you will know. thank very much. acid attacks are on the rise across the uk. there were more than 400 in the six months up to april 2017 in england and wales, and the numbers have more than doubled in england since 2014, the majority taking place in london. most reported attacks have taken place in public places, but newsnight has spoken exclusively to one family who were victims in their own front room. elaine dunkley reports, and herfilm contains images some may find disturbing. where does it hurt, mate, are you all right? we're here to try and get water into your eyes. mate, keep your eyes open, keep your eyes open. the use of chemicals as a weapon is growing in the uk. victims left physically and mentally scarred by acid attacks. i was thinking, i'm not going to see anything after that. a common household product widely available

taiwan. a big interview tomorrow. he sure to tune in at 8:30 a.m. new york time. lloyd blankfein will be with us live.atch all of our interviews on the bloomberg including that one with howard marks. tv . you can also find breaking news there and charts as well. this is bloomberg. ♪ . . scarlet: julia: it is 2 p.m. in new york, 11 a.m. in san francisco and 11 p.m. in london. i'm scarlet fu. i'm julia chatterley. welcome to bloomberg markets. scarlet: we are live at bloomberg world headquarters in new york. here are the top stories we're covering from around the world and on the bloomberg. the job -- the dow jones industrial average turning within reach of 22,000. stocks being pushed higher on the latest wave of corporate earnings. the world's biggest futures operator reporting record profits. the chairman and ceo of cme group gives us insight on the group's strategy ahead. in washington, lawmakers are trying to find their footing on tax or firm -- tax reform. they are setting up what one of them calls an aggressive timetable. u.s. markets are closing in two hours. let's get a check on where stocks

you very much for joining us >> we'll be watching the ripple effect on the suppliers, chipmakers that provide these chips. we saw some reaction in asia, from japan, korea, taiwanall of those companies getting a boost in the action. we'll watch some u.s. -- >> broadcom, jbl, avago, skyworks, anybody connected. >> to that ecosystem >>> shares of amc are tumbling after the company took down earnings expectations. landon dowdy has been following this one good morning >> shares of amc plummeting after the company previewed a dramatic quarterly loss, unveiled a cost reduction plan and issued disappointing guidance the theater chain doesn't release second quarter earnings until next week but expects a also of 1.34 to $1.36 a share, versus the one cent loss previously forecast. they expect revenues to come in at 1$1.2 billion, compared to 1.25 billion it expected and amc says they don't expect the third quarter to give relief to owners either this as the box office continues to nosedive, down 4.4% year over year the summer box office has not helped the case with flops such as "baywatch" and king arthur dragging down ticket sales look at the stock. shares of amc tankin

it into countries like thailand and korea and taiwan and changing it into products like tubing to circumvent the duties and shipping it. korea does not useound of oil country goods in their industry as they control 50% of the octg market here in the united states. it is quite amaze thing that we allow that to happen the investigation of imports of steel that can affect. since the investigation is announced, every country is increased to be whatever and whatever the results would be. counter productive for your industry thof the investigation >> typically that happens any time we file adam dumping case. usually people will try to ship in as much as they can >> what do you want the president to do immediately? >> that's a great question tariffs really don't work. >> sorry, what is this if you want quotas and the reason you sent this letter is because of rebuilding effort and houston is going to be under way pretty soon because it sounds from the outside that you are use ting this tragic event to p your agenda forward because this is your agenda way before. >> please, look, we are not capitalizing a tragic event. please don't insinuate that

us for live coverage of the net roots nation conference on c-span. >> coming up in a little over an hour, we will be live from the heritage foundation for a look at u.s. taiwan relations. that is live at 1:30 p.m. eastern on c-span2. until we get there, we will bring your conversation on the u.s. military role in syria. this was hosted by a number of dc-based organizations who are calling on the u.s. to remove all military aircraft from syrian airspace. >> good morning and welcome to this news conference. my name is norman, i am a cofounder and coordinator of the online group which is hosting this event today. roots action is a cosponsor of a petition campaign calling for no u.s. plans over serious. together with five other organizations, veterans for peace, daily coast, the nation magazine, world beyond war and watchdog.net. u.s. government began bombing syria nearly three years ago. that was back in september 2014. since then, the killing on many sides has continued unabated. meanwhile, during the past three years, tensions between the worlds to nuclear superpowers have escalated. they've escalated sharply. in the process, russia and the united states have

us now. what are we seeing? exports in double digit growth a lot of times. we are seeing south korea, taiwan. much of this is due to the economy.global it's a pretty positive story. it's not just exports indicating that globalization is alive and well. we are seeing foreign investment by u.s. automakers i am china. ford motor's has a big went there in particular, and the trade deals need to be talked about. so, overall, we are in quite a big space. yeah, visually, this shares surging. let's talk about interregional trade though. enda: traditionally it may be very dependent on the u.s. economic cycle in a sense. now interregional trade growth, they are becoming increasingly self-reliant. you can more or less predict what is happening with the u.s. economy and the european economy . now, that is not discounting the u.s., of course. doubt that there is an intrusion today that was not there before. shery: thank you for joining us. ♪ >> trump is discussed trade in the last few hours. .nd the south korean about the $3 trillion mark. saidconomist we spoke to that it is around the trend in june and

. >> now the us taiwan economic relationship including challenges and possibilities in expanding the economic relationship between the two nations. >> starting panel, before we start the panel, our cosponsor, tpa a, to say a few words for this event. [applause] >> i am sure this is not a wake-up call. good afternoon, ladies and gentlemen. honorable guests and distinguished speaker, on behalf of taiwan benevolent association of americans, thank you, heritage foundation for this opportunity to be the cosponsor. this forum