wendy cutler speaking to me a little earlier.deal mean for industries still affected by tariffs? steven lambert is the president of the american apparel and footwear association and he told me phase one holes way too short when it comes to economic relief. we think phase two can't come soon enough. we are concerned, however, because all the signals suggest phase two might not happen until the end of the year, if then. that means we have to experience these tariffs for the next ten, 11, 12 months, which definitely means they will result in price increases. let's now turn to india, because amazon boss jeff let's now turn to india, because amazon bossjeff bezos says he will invest $1 billion in digitising small and medium businesses. invest $1 billion in digitising smalland medium businesses. his visit, though, comes at a time when traders across the country have been protesting against the e—commerce giant. we have more from delhi. a warm welcome for amazon's jeff bezos at an event in delhi, and in return, he announced a gift... or

so this is a welcome respite from the uncertainty of the last 18—24 months, as wendy cutler, the former representative told us. more certainty, not 100% certainty, but i think businesses now, at least, can navigate over the coming months and make some difficult choices and, perhaps, start actually putting in place some investment decisions that they have put off. but, you know, a phase i deal isn't the end of the trade for by any account. it's simplya trade for by any account. it's simply a pause. and tariffs remain on the vast majority of goods on either side. just to give you the statistics, sally, on average they are 20% higher than what they were before the trade war began. for ta riffs before the trade war began. for tariffs to come down for good another round of negotiations has to ta ke another round of negotiations has to take place and as stephen lamarr, the president of the american apparel and footwear association says, that won't be so easy. we think phase ii can't come soon enough. we are concerned, however, because all the signals are just that phase ii might not happen un

wendy cutler, vice president and a former career diplomat. she joins us from seattle where she is attending the u.s. china conference. always great having your. we have heard president trunk also many other trade deals the greatest ever including the usmca which looks very much like the transpacific partnership. how different is this deal? wendy: it is a solid deal in the administration should get credit for achieving this deal. it falls way below the expectations they set out at the beginning of this negotiation when they were going to address all of the issues that were keeping u.s. companies out of the chinese market and doing it within 90 days. the negotiations proved a lot tougher than they thought. shery: how significant is the fact that we still have some dispute resolution mechanism with the 90 days in place. potentially more punishment for beijing if they don't enforce the deal. wendy: this is an important part of the agreement and one that distinguishes this agreement from previous ones. i think the hope is that a strong settlement