earlier a chinese vice premier insisted the pact complied with the ragged elations of the world trade organization let's take a listen to what he had to say. to reveal which there are 2 important conditions no negotiations the 1st one is not hurting the 3rd parties and the 2nd one is sticking to the principles of the world trade organization china's imports are actually based on the market principle on the rule of supply demand. enterprises import according to consumers demand and the supply demand relationship of the market imports will be scrupulously checked by domestic consumers. so generally we believe that it won't hurt the interests of 3rd parties. to the design of the the chinese vice premier speaking there and now to some of the other global business stories making headlines microsoft's chief executive has promised to remove all the carbon his company has emitted from the environment since it was founded back in 175 against it chivo by 2050 by becoming carbon negative by 2030 google parent company out of it has become the 4th company to be valued at one trillion dollars the company's stock trad

earlier chinese vice premier you hit insisted the pact complied with the regulations of the world trade organization let's take a listen what he had to say there are 2 full. there are 2 important conditions no negotiations the 1st one is not hurting the 3rd parties and the 2nd one is sticking to the principles of the world trade organization. china's imports are actually based on the market principle on the rule of supply demand. enterprises import according to consumers demand on the supply demand relationship of the market. imports will be scrupulously checked by domestic consumers so generally we believe that it won't hurt the interests of 3rd parties you can show. you're going to design the the chinese vice premier speaking there and now to some of the other global business stories making news microsoft t.v. executives such an adult has promised to remove all the carbon his company has emitted from the environment since it was founded back in 975 dame succeeds the role by 2050 by becoming carbon negative by 2030 this parent company abbott has become the 4th company to be valued at a trillion dollars t

world trade organization. this is just one of many stories we tell to make this clear. in the world trade organization agreement on trade related intellectual property -- let me share a footnote revealed in the book which is whenever you see the term trade related it's the indicator that that chapter has nothing to do with trade and that has been caboosed into the w.t.o. look and say,'t the writer put the wrong chapter in here. so the trade related intellectual property agreement and agreement of protection, right, this is supposed to be a free trade agreement, but this is a monopoly protection thing. it's patent. extends the term of patenting to 20 years. and every country who signs must conform their domestic legislation. so a couple weeks after the w.t.o. vote happens in congress you get the yield call from the senator or the congressman who you spent months trying to get to understand. sir, it's not trade. hello. not trade. trade is small part. everything else is basically what you congressmen think you're in charge of. it's about to get handcuffed away from you. they call and say did i miss some legislation? it seems i've gotten notice that the u.s. p

let that happen. the vehicle was the world trade organization and roberto and i have a tremendous relationship. we are going to do something that will be very dramatic. he will be coming with a lot of representatives to washington sometime next week or the week after and we will start working on it. i would like to introduce for a brief moment roberto and say a few words on behalf of the wto. larry inl introduce terms of the economy. we have had tremendous numbers over the last very recent past. roberto? >> thank you. thatnk it is fair to say we have been saying for quite wto is tothat if the deliver and perform its role in today's economy, it has to be updated. reformed,be changed, this is an agenda that is squarely before members. nobody in geneva misses the point. they understand the system has not been functioning properly in many areas. that is something we are trying to address. i am happy in the conversation today with president trump he agreed that this is something that needs to happen. affect thoseted to changes at this is something we are serious about. i am going to be, in accordanc

people that were in my position great credit because frankly they let that all happen but the vehicle was the world trade organization and roberto and i have a tremendous relationship and we're going to do something that i think will be very dramatic. he'll be coming with a lot of his representatives to washington sometime maybe next week or the week after and we'll start working on it so i'd like to introduce just for briefly roberto and say a few words on behalf of the deputy oh and then i'm going to introduce larry kudlow to say exactly where we are in terms of our economy some of you know but we've had some tremendous numbers just over the very recent past so please refer to. thank you mr president and i think it's. fair to say that we have been saying for quite some time that if the multilateral system if it's joe is to deliver it and perform its role in today's global economy it has to be updated it has to be changed it has to be reformed this is an agenda that is squarely before members i don't think anybody in geneva. misses the point i think they understand that the. system has not been functioning properly

rights organization has the opportunity to address it let's do it now and i thank you very much for coming in. oberlin is international green week is one of the world's biggest agricultural trade fairs and has been held here in the german capital for nearly a century this is part of country is croatia which is known for great food and wine at a special kind of cheese that's only made on a remote island. around a 100 of pack island sheep belong to the saloon a family but farming isn't the only source of income. like many other families this moonies also work in tourism in the summer. that's because printing she is labor intensive often arduous work. you might. be due to mom command of money doing this the problem is the young people don't want to do it anymore the magic around. the park she is a unique breed which only lives on this croatian island. the animals can get by on very little and they have to food is often scarce. this diary was built with help from the european union which croatia has been a member of since 2013 this family business uses the sheep's milk to make a croatian delicacy a kilogram of this cheese cost up to 70 year as like many other croatian food produce

>> let's talk about the enforcement mechanisms first of all. in the old days with the world trade organizationchina joins it. breaks every rule. takes three years or more to get some kind of dispute resolved. by then the american company is out of business and thousands of people are out of their jobs in this one we have a 90 day clock from the day somebody walks in or the administration itself file as complaint with ustr robert lighthizer, and here's the best part. at the end of that, if we, the united states, are not satisfied that that dispute is resolved, we, unilaterally get to take proportionate measures, and chinese promise not to retaliate. you cannot get better than that with enforcement mechanism. that is why in his speech yesterday president trump said we had firm control of enforcement. charles: phase two, we have a minute left. i need update on this. >> phase two in a minute. let me see if i can do that. charles: the tariffs are still in place. >> yes, they are. charles: decision -- can be used. china's economy. by the way they report their gdp number at 9:00 p.m. tonight. this wi

let's get more now from gabriel is on the he's in washington d.c. gabriel even though the world health organization is asking countries not to restrict trade or travel to china the state department has issued the most serious travel advisory that it can. that's absolutely right the advisory is very clear it's a level 4 advisory which is the highest and most severe level advisory that the state department would issue to american citizens and it is very simple it says do not travel to china not only do not travel to the epicenter of where this outbreak is happening but it's very clear saying do not travel anywhere in china period full stop normally the state department only issue such a severe level for travel warning for countries that are in war armed conflict or maybe a country that's right out of a severe natural disaster but clearly this is how serious the state department is taking this telling americans not to go to china under any circumstances this all comes as president donald trump here in the united states has not been saying a lot about this he did tweet saying though everything is very much under control but this is also happening when o

world trade organization has been very unfair to the united states for many, many years. without it, china wouldn't be china. that was the vehicle they used i give them zbrgreat credit they let that all happen the vehicle was the world trade organization roberto and i have a tremendous relationship we'll do something i think will be very dramatic he'll be coming with representatives to washington or maybe the week after we'll start working on it. i'd like to introduce roberto who will say a few words on behalf of the wto and then larry kudlow will say some things about our economy. we've had tremendous numbers over the recent past so, please, roberto. >> thank you, mr. president. i think it is fair to say that we have been saying for quite some time if the multilateral system, the wto is to deliver and perform its role in today's global economy, it has to be updated, changed, reformed this is an agenda squarely before they don't miss the point. they understand the system has not been functioning properly in many areas that is something we are trying to address i'm very happy that he agreed that this is something that has to happen. we are committed to effect those changes. t

organization in the country and the world saying we are going to have balanced trade. we are going to have reciprocal trade. and he has gun now to balance international trading relationships with china. usmca, and let's not forget the trading agreement with japan and south korea. this has been a spectacular demonstration of a man leading all the major financial institutions as well as the regulatory and intermediaries around the globe. >> you are 100% correct. the president has been very clear. he wants free trade, but it has to be free and fair and reciprocal. our markets have been open to china and theirs have not been open to us. this phase one agreement is about rebalancing it. lou: i once had a discussion with larry kudlow. i never heard the president talk about free trade. i heard him talk about fair and reciprocal trade. free trade coul connotes 50 yeaf consecutive trade deficits. i haven't heard the expression free trade for months now. until the deal is done. now it's being called a free trade deal. i think it's more a fair and reciprocal trade deal. >> i don't think it's a free trade deal. i think it's a reciprocal trade deal. the president has been clear on reciprocal trade and balanced tr

people that were in my position great credit because frankly they let that all happen but the vehicle was the world trade organization i have a tremendous relationship and we are going to do something that will be very dramatic, he will be coming with a lot of his representatives to washington some time next week or the week after and we will start working on it, so i'd like to introduce just for briefly roberto and say a few words on behalf of the wto and i will introduce larry kudlow to say exactly where we are in terms of our economy, some of you know but we've had tremendous numbers in the recent past, so please, roberto. >> well, thank you, mr. president, i think it's fair to say that we have been saying for quite some time that if the multilateral system, if the wto is to deliver and perform its role in economy, it has to be updated, it has to be changed and reformed, this is an agenda that is squarely before members, i don't think anybody in geneva misses the point. i think they understand that the system has not been functioning properly in many areas, that's something that we are trying to address, i'm very

people that were in my position great credit because frankly they let that all happen, but the vehicle was the world trade organizationemendous relationship. we will do something that i think will be very dramatic. he will be coming with a lot of his representatives to washington some time maybe next week or the week after. and we will start working on it. so i would like to introduce just for briefly roberto and say a few words on behalf of the wto and then i'm going to introduce larry kudlow to say exactly where we are in terms of our economy. some of you know but we have had some tremendous numbers just over the very recent past. so, please, roberto. >> thank you, mr. president. and i think it's fair to say that we have been saying for quite some time that if the multilateral system if the wgo is to deliver and perform it world in today's global economy, it has to be updated. it has to be changed. it has to be reformed. this is an agenda that is squarely before members. i don't think anybody in geneva misses the point. i think they understand that the system has not been functioning properly in many areas. that's s