trump has complaints of wto practices and, of course, wto has many problems. together with the u.s., it's very fortunate that mthey suppot reform. japan, the eu and the u.s. have been supporting wto reform. another important pillar of japanese trade strategy is to convince china to return to reform an opening policy which was successful, but which was recently reversed towards more closed nature. to shift away from the so-called state capitalism model to a truly market oriented open economy development model. also, implementing several ftas has been very important. that's why he wanted -- mr. abe wanted to revive tpp after mr. trump's withdrawal. now, the data in the table is a bit old. but even though japan has been integrating with many other asian countries in terms of people's movement, trade, foreign direct investment, the role of china for that matter has become very important and economic relationship with rok continues to be very important. you realize that the u.s. is also a very important economic partner. for outbound international tourism and trade

stop the wto.ess as he was appalled at the mob tactics. >> here we stand, on the streets of america. we say to our political leaders, shame on you. shame on you. >> that the appears again in the new york times. in the body of this, they write the following, it was an embarrassing beginning to negotiations. with the administration had once been reluctant to hold at all. then a move many regretted the white house volunteered to play host to the session here and help opening talks at home would give voice a bigger sway on the agenda. >> this was an issue we used to be silent on and we are not going to be silent on it any more. we have not necessarily given up on trade but we want to be heard. the sooner the wto opens up the process and lets people representing those outside in, the sooner we will see fewer demonstrations, more constructive debate and a broader level of support in every country for the direction that every single person in this room knows we ought to be taking into the 21st century. >>

have been supporting wto reform. another important piece of the strategy is to convince china to return to reform and opening policy. it's recently reversed to a small closed nature it was so successful. and to shift away from the so- called state capital is a model through the market oriented open economy government model. also, implementing several mega fda's has been very important. that's why he wanted -- mr. abe wanted to revive tpp after mr. trump's withdrawal. the data in the table is old but even though japan has been integrating with many other asian countries in terms of people's movement, trade, or indirect investments the role of china for that matter has become very important and the economic relationship with our okay continues to be important but you realize the u.s. are very important economic partners. for outbound international tourism and trade and direct investment. the u.s. is there economically, in japan. mr. abe came up with a kpi key performance indicator with regards to fda strategy. mr. abe

wto, a lot of businesses have been dealing with them for a long time.st new paperwork, different paperwork that they had to get their heads around. they are the companies that have two trade with europe only and not currently dealing with wto rules. worried about the number of companies not thinking all preparing for a no deal? we are very worried. we know there is 148 hours and businesses trading only with the eu. that means they have to get themselves ready. i am sure a lot of them have because they business people and they had to understand what is going on. we are running training courses and all sorts of things to help them understand the paperwork, and the numbers are very, very low. when we ask them, they say, we're not what will happen. but actually we know there will be wto rules, we know how they work. you think they are in denial? i think a lot of people are hoping it willjust not happened. to remain would be ideal. this deal, we definitely need a deal. no deal is not an option. i am glad that at last parliament is talking in that way. what y

shery: how much of a distraction is the wto?t they have ruled on chinese farm subsidies. at the same time, we have president trump undermining the organization so much. even though this is a victory for the president, that this even counts now. >> this is not president trump's victory. he does not have too much sympathy towards the wto. we are seeing how the wto can be incredibly useful for arbitrating some of these disputes. this will not strengthen his belief in the wto and going back to national security, just remember the wto has a mac truck loophole.-- wide china and the u.s. have played footsie with that. the regulatory actions that will come out of that rather then are we going to see a pullback on the tariffs. everyone is saying the tariffs are not going away as a threat, even if we go ahead with the signing ceremony as part of the new enforcement mechanism. the tariffs will always be there. china's danceh of will be confirmed? last year it was such a momentous occasion when president xi jinping came president for life,

pascal lamy, who is the expert i suppose on trade issues — head of the wto, once european commissionert it is impossible in the event of the uk and eu deal, that you have to have a physical border if there is no agreement on the withdrawal terms, and i think he's a person who, you know, is eminently placed to be able to indicate some of this... there are others, though, who say there are other ways of doing the checks, and we know that both the british government and the irish government have said they do not want to put back any form of physical checks. are you suggesting that even if there were a camera on a road, bya road, that that could see a re—emergence of violence? yeah, well, ithink, you know, rather than think of violence as we did in the past, sarah, i think you could take it that if there was any kind of physical customs checks put along the border, that you wouldn't have to be waiting for paramilitary groups to remove them, the local people in the border area just wouldn't allow it, and you know where that leads, then security people are dragged into it. the view of people

david: i want to ask about the wto.re was a time we thought it would resolve a lot of these problems, is that time gone? rufus: actually, longer-term there are a lot of good things going on in the wto. we have a promising project underway to build better rules for the digital economy and e-commerce, which was not covered by the prior rules. the other point i want to make is there are lots of existing rules in the wto that were negotiated years ago that are working well on things people do not think about. everything from customs procedures to subsidies. and those are good rules that need to be maintained and a strengthened. david: a very good reminder. it is good to be with you. rufus yerxa, president of the national foreign trade council. coming up, joe lieberman of connecticut talking about the president's approach to foreign policy and whether he deserves credit for keeping us out of a war with north korea. from washington, this is bloomberg. ♪ this is "balance of power." i'm david westin. now first word news with ma

haidi: we know president trump is not a fan of the wto.n ambassador there as well as to japan and other things. do you worry about the undermining of global institutions? peter: it is important in the wto and yes, you have to worry it while it has not been very successful the last 25 years, every single major trade agreement, the tpp or others, all basically follow wto rules. people start freelancing and not following wti -- wto rules, you will have much less stable, much less predictable world trading system. important on this is the dispute settlement body. if they don't get more movement -- more members approved, they will be able to operate. that is a unique institution. it is rather rare in the world of multilateral diplomacy, trade or otherwise. makes binding decisions, --alties associated with those final decisions. it is important that wto continues to do their business. haidi: thank you for coming on the air with us. gray, former wto ambassador and to japan and the european union. shery: looking at stories trending on the universe

rules, that you have a ha rd go to wto rules, that you have a hard border. that one side, if there is an eu uk trade deal, then it is imperative that you have to find a new, different relationship than the backstop. and thatis, relationship than the backstop. and that is, that is the challenge, but ifind it, listen, i have seen compromises in all kinds of things, including the compromises in the good friday agreement, and i know the withdrawal agreement has already compromises at it does not see in beyond the wicked men and women to beyond the wicked men and women to be able to find a solution in the future relationship that will prevent the backstop staying forever. is one of the reasons that the dup leader, arlene foster, the former irish first minister said to the intransigence former irish first minister said to the intra nsigence of former irish first minister said to the intransigence of the european union and the republican attitude, they are actually more likely to bring about the very thing that they wa nt to bring about the very thing that they wan

election, bill clinton and his relations with the african-american community, and the 1999 seattle wto protests. this 90 minute organization was part of the american historical association's annual meeting in chicago. >> good afternoon and welcome to this session of the american historical association recanting recent american history through video, politics and race and a televisual age. i am robert browning, executive director of the c-span archives. the faculty director of the center for c-span's scholarship and engagement and the lamb school of medication, and also a professor of clinical scientific unification. that is an awful but they fit together for the panel. as a political scientists is exciting for me to learn more about modern american history because it overlaps so closely with what we study in political science. this is an exciting panel for me personally. it is also a little different panel in the normal panels. i looked through the program and i saw panels on archives and how they could be used. i saw many panels with traditional papers. this panel is a hybrid of the t

participation being a very constructive force at the wto and working with the eu and others on wto reform. concluding an fta with the eu that will also provide another sort of example of the possibilities of trade liberalizing cooperative activity in the global system. he's accomplished a lot during this challenging period, but we're entering, perhaps, an even more difficult time ahead with global growth slowing. a lot of uncertainty about ch a china's economic trajectory that has worsened substantially by the extremely uncertain outlook for the u.s./china trade talks which we just heard some unfortunate news today about apparently the trump administration refusing to welcome a vice ministerial delegation to talk about terms and conditions, potentially high-level talks at the end of this month. so that remains a huge risk factor for the global economy and one that impacts japanese economic interests very substantially, but one that abe and, indeed, most of the international community can have very little to do to get a positive outcome. so in that context, what is abe to do? he has taken

we are not covered by the wto. you cannot ta ke not covered by the wto.eans that people have two act fairly and not undercutting just to get airlines to be removed from roots. you tony gubba degrees without. the opposition agrees with that. that has been added to the agreement —— the australian government agrees with that. project sunrise. london to sydney non—stop. when? with that. project sunrise. london to sydney non-stop. when? boeing and airbus both have a aircraft. it will become available in 2022. both manufacturers are keeping slots for qantas. we can make the business case work and everything come together, we put an order in easy for aircraft arriving in 2022. i think i last frontier of aviation. i'd talked today, when we started in 1935, it was 31 stops on the way to london. it will be no stops. it will be direct. you are very verbal, very vocal when it comes to social and political issues. you say a ceo who is just focusing on political issues. you say a ceo who isjust focusing on profit political issues. you say a ceo who is just focusing on

are violated every principle of what the wto is supposed to be about.hina is engaged in mercantile policy, they cheat, steal and ally, we should not understate -- and lie, we should not understate it. many nations are uneasy about this trade dispute, but we talked with people in canada or if you talk to leaders in europe, they feel the same way about china, that the trade situation is a one-way street. that cannot continue. david: listen, democrats and republicans agree in my experience on that point, that china has not complied with wto, that they do cheat, but the question is how do you get to the result that you want? you are for zero tariffs, we have heard the president say that as well, but then he says he likes tariffs. he says, i love tariffs. so, which is it? steve: i have been around donald trump a lot, he is a master negotiator. he likes to keep people off balance, so i think that is a lot of rhetoric from donald trump. you know, he is basically putting out the word to the chinese leadership, if you do not get serious and you do not come forwa

you are trying to build on wto. philip hammond is in his last budget, there we re hammond is in his last budget, there were supposed to be a bit of an u pta ke after were supposed to be a bit of an uptake after that, is spending budget and the purse strings were going to be loosened. how could he reconcile that with these figures and that his political problem. the amount of money the pm is having to pledge labour mps, listening the purse strings and then some. listen for the deputy... let us move on to the daily mirror. they have been campaigning on the food bank question for quite some time to be fair. the paper has taken on this. it is abbott bloodstain —— it is amber rudd saying today there is a link between universal credit and food bank use. people have experienced this themselves. there isa experienced this themselves. there is a lag from some people. that is five weeks if it is working. exactly so if it falls on a certain time of the month, and if not a bigot like. this is been going on for seven or eight ye

there is wto, a whole bunch of issues swirling around the wto, including most importantly the fact that the dispute settlement body -- the appellate body is not going to have a quorum at the end of this year on current trajectory and is not going to be able to function. you've got the comprehensive and progressive agreement on trans-pacific partnership. not sure whether that's easier to say than the acronym, cpttp. but that is being implemented, as was discussed in the earlier panel. and questions about whether others might join or start to join that. and then there's the regional comprehensive economic partnership, which is this asean plus 6 negotiation, including china, but not including the united states. and i think this is a -- i've lost count. either the third or fourth year in a row the group has promised for sure they're going to get a deal by the end of this year. so i guess question and -- you should weigh in on this, as to whether india is going to allow that to happen. but bill, do you want to kick us off on any or all of the above? >> well, i think for most of them, it's go

they're a wto member. you can't have a private deal with another wto member like the u.s. has to offer that same deal to all 162 other members. you take 1.2 trillion, multiply it by 163, 162 plus the u.s., that means china is committing to buy $195.6 trillion worth of goods. this can't survive. >> they're very wealthy. >> that would be great. that would solve so many things like that. >> hallelujah. >> did this ever have a chance? i mean if you do -- we've talked about this a bunch of times. if you do 10% tariffs on $200 billion of goods, that's 20 billion in tariffs that americans are paying. it's unsettled the chinese government. we don't want this problem. but this was in my mind never enough pressure to achieve its aim and just enough pressure to create total chaos for a year. >> we should be banning the importation into the u.s. of all goods that have benefited from u.s. intellectual property theft. that is a start. that would hurt the chinese and it would also get producer to move their supply chains out of china. we would be disengaging from china. i think that woul

europeans would have been on our side, the japanese would be on our side and wto, when u.s.9, 90% of. connell: the hard liners on trade, laugh that off, that is useless goes to the wto, takes forever, you don't get anywhere, what do you say to that? >> it does take time, a little bit bureaucratic but in the long run the wto has been very useful for american interests opening up foreign markets to american goods. the approach trump is taking, if we wind up not having successful negotiation, all of sudden he starts levying 25% import taxes, trigger a trade war, as your previous report was indicating, that is a real threat to the economy. we don't want to go down to the 1930s route tit-for-tat. connell: everybody wants to avoid that. maybe a delay if they work that out. thanks for coming in, dan mitchell. melissa: people talk about diplomacy who goes where, they forget, that is diplomacy in business you always see the other person face-to-face. there is one-on-one relationship. he getting criticized so much, that is how ceos operate and how deals are done. connell: that is what

the other alternative is we leave on wto terms.d motor company, what you're seeing with the big corporates, is that trying to bully the government, they're trying to say, we want to keep the status quo as it is, the truth is. america, and the uk trade together on wto rules. hey, we do pretty well. not saying we couldn't do better. charles: right. >> not saying we couldn't do better, leaving on wto terms is not the disaster some of the big corporates are painting it out to be. charles: nigel, you have to wonder, the bank of england lower their economic output. felt like the same old scare tactics we saw on the eve of the original brexit vote. >> yeah. charles: i do want to ask to the degree theresa may lost confidence in the uk, among eu leaders, how can she effectively get anything done right now? >> you're right. what the eu leaders will see the prime minister briefly, for two weeks, have the support of the house of commons, to renegotiate some of the key aspects of the withdrawal agreement. as of tonight, she has got no parliamen

that brings them into a wto situation of treatment. which may mean some of our exports may go into a more favored way. secondly, the financial issue disintegration presumably of month and in terms of moving to frankfurt or dublin or elsewhere has a big impact on the big financial interests in the united states, in mexico and canada. the third thing is the brits are -- somehow we are going to arrange a free trade agreement with the united states or canada. we know nafta organizing free-trade agreements is something for quite a long time. that christ is there is opportunity. you never let a good crisis go to waste. we have a free trade agreement with the european union. if the brits leave, we both will probably be looking at a free-trade agreement with the u.k. given the trumpet ministration has spoken about a free-trade agreement with the u.k. there is synergy with the north american free trade agreement brexit does happen. >> that is a good points. you are seeing is integrating the world financial capital. i do not think it is going to

the wto decided to part with the u.s. and paid for a way foror te country to repent -- to impose telling tori tariffs on imports. a panel has yet to decide how large those could be, but it could all change soon. according to reuters, the e.u. is preparing to argue the a380 subsidies no longer exist because the aircraft is being taken off the market. that could throw a wrinklele ino ththe case, it also covers the a 350 jet. the airbus -- airbus has leveled accusations at boeoeing, saying the aerospace giant benefits from billions of dollars of state aid itself. airbus is estimated to have one billion euros in unpaid state loans tied to the a380. however, the company says due to risksharing agreements, governrnment mayay not need to y thatat money back. yet another trade dispute to keep in mind. annenette: indeed. he keeps you on your toes, i would imagine.e. thanks for that pure that is brian quinn. ." stay with us on "france 24 we will be back after a very short break. [tmeme music plalaying] wheram i i n? oh, g k knowsin

imports as separate wto panel has yett to decide how large those could be. but it could all change soon according to reuters the e. u. is preparing to argue that a three eighty subsidies no longer exist because the aircraft is taken off the market. that could throw wrinkle into the case which also covers the eighty three fifty jet. meanwhile airbus has leveled similalar accusations at boeing saying the washington based aerospace giant benefitits from billioions of euros state eight itself. airbus is estimated to have one billion euros in unpaid state loans tied to the a three eighty however the company says that due e to risk sharing agreements with governments. it may not need to pay that money back. let's wrap up by taking a look at today's trading action at u. s. stocks were gaining on optimism that us china trade talks are advancing in the right direction. thanks jp morgan and goldman sachs lifted the dow jones up nearly one and a half percent. aeronautics group boeing also that index here in europe a positive close across the board auto stocks rallied s

businesses who want certainty have had to change arrangements from wto with japan and that again is inadam deputy speaker, to eu—japan, at the start of this year, presumably now they are going to have to change back to us trading with japan through the wto, and i think it does say that in the statement. and then on, in time, once agreed, to a uk—japan bilateral. that is far from a demonstration of certainty for business. while it is the government's firm intention to secure an ambitious partnership with the european union, if we are to deliver on the referendum result instruction, given to us by the british people, we must also remember that there is a world beyond europe and there will be a time beyond brexit. now, for the first time in almost 40 years, the united kingdom will have the opportunity to step out into the world and forge relationships across the globe by negotiating, signing, and ratifying new free trade agreements. is he seriously suggesting getting out of the single market and the european union, as the treasury have suggested, which will hit the uk economy up to 6—8% i

businesses who want certainty have had to change arrangements from wto with japan and that again is int, madam deputy speaker, to eu—japan, at the start of this year, presumably now they are going to have to change back to us trading with japan through the wto and i think it does say that in the statement. and then on, in time, once agreed, to a uk—japan bilateral. that is far from a demonstration of certainty for business. while it is the government's firm intention to secure an ambitious partnership with the european union, if we are to deliver on the referendum result instruction, given to us by the british people, we must also remember that there is a world beyond europe and there will be a time beyond brexit. now, for the first time in almost 40 years, the united kingdom will have the opportunity to step out into the world and forge relationships across the globe by negotiating, signing, and ratifying new free—trade agreements. is he seriously suggesting getting out of the single market and the european union as the treasury suggested, which will hit the uk economy up to 6—8% is n

wto rules.ere we are, seven weeks tomorrow we are supposed to be leaving the european union, and we are no closer to getting a deal ratified by parliament is. theresa may was pretty much rebuffed in many ways. she got some concession but essentially the eu has not shifted their position. yet. do you think she is banking on that? you run down the clock as has been described as a mahazi blink. keep no deal on the table is an absolute last resort. we will walk away if we need to and hoping that the eu will link. it is high-stakes stuff. she would like people to think that she was able to go over and set it up for further concessions down the line. it is hard to see that that was achieved today. there are times where i have. i know what she is doing and the neiko no, then maybe, though, no. -- and then no. i don't think she got out of it what she wanted. the times, weakest growth in a decade. interest rates have been kept at 0.75%. still very, very low. we were told interest rates would start rising

i'm sure you can sympathize with what you said about the wto.th a lot of things they -- you can understand why the president says wto did not work, i have to put pressure on bilaterally? rep. blumenauer: i do not think we exercised our responsibilities under the wto, putting more pressure, using the mechanisms we have. we are not the only people who have these concerns. as a practical matter, the president undermines our ability for collective action, signaling that canada, one of our most trusted allies for over a century, fighting with us side-by-side would be subject to tariffs based on national security concerns? this sends confusing signals that undermine our ability to work with other people. the ambassador is somebody we are interested in being able to cooperate with. rep. blumenauer: coming back for -- david: coming back for one last thought, one of the things you talk about was enforcement. not just market access, not just technology, but the structural change of getting the chinese to follow through on what they promised. are you confi

we can do that under wto guidelines. 60% of our trade is already under the wto, which, by the way, managesorld trade. they are not some sort of weird and wonderful body outside of the eu. i think there's lots of opportunities for the economy and going forward. why -- trade might be ok given it would remain rules.to what about anyone else that might be affected, workers? what they have to stay at home? guest: i don't think guy: less than 30 seconds until the end of regular trading this afternoon in europe. it is not exciting, but let me tell you that the european markets have come back. they are flat, but that is a decent recovery. dax is trading higher. london is underperforming. some of the mining stocks are down. and some of the oil and gas stocks are under pressure. and we also have uae under pressure as it says it will have problems with the germany and saudi arabia. the ftse 100 is down. dax is up and auto stocks have had a good day. and the cac 40 absolutely flat. and take a look at stocks we are paying attention to. weaponshas banned exports to saudi arabia. bae, the stock is tradin

here have ahose serious discussion on streamlining the wto? filings when we read through them a decade later and it's week has been made, what we do so we are not -- what do we do so we are not back having the same discussion into her three years? >> after the number of hearings i have done, whenever i think of the future, i think of you. you are always going to ask the question about the future. we all have a tendency to think of the here and now more than we should. one, having amber real enforcement process. issues, we will be resolving issues in ways that turn up new problems and trends and i think you have to be able to deal with that process and as i don'tried to say, believe this is going to solve all the problems between the united states and china. they are in a process of reform. headway, but i think there is a role for the international volleys -- bodies and i think the wto is part of that. the timeline, the ability to actualor is it the adjudication process itself? what can we do to help so we are not doing this all the time? all,

and they also demand that we accept their wto, wto relations. all the bilateral deals they made with us, there were lots of bilinguals and we are not supposed to say anything. this is a coordinated campaign. nwe saw this in the foreign ministry statements, they are saying exactly the same thing. you cannot talk about structural issues they say. if you cannot talk about structural issues, there's no point in talking to the chinese in the first place. >> there is a fundamental to me, illusion here that is a broad in the u.s. media. in all forms. business, news outlets. the general press, political press. if there is no metric by which you can judge whether or not china is complying with an agreement, you don't have an agreement. what is the deficit reduction? what is the impact? how are we going to defend our intellectual property and our technology? against chinese theft. we can't simply take the assurance that they will not steal from us because that is preposterous. right now they are carrying out cyber attacks against the united states governm

this plays out at the wto, it plays out in many meetings. is the rebalancing in both directions and keeping their economies going. specifically, though, you have the likes of nissan motors saying it would not build one of its suvs in the uk and the reason, martin, was partly due to brexit. how could this impact germany and the eu going forward? brexit. how could this impact germany and the eu going forward7m has a big impact onjapan and germany, of course, germany in the middle of europe, trying to keep the market together as much as possible, they try to be as much forthcoming as possible, but they also need to protect their business ties in both directions. japan is very much concerned because the centre of many of the business ties of japanese companies are in the uk. they are hoping that they can stay there. but the european market is not so important forjapan that they are looking in all directions. and germany is the most important part of for them. staying with the nissan angle the japanese carmaker will be forced to reapply for nearl

there are provisions in the wto about this.s you know, historically trade deals have not covered this because we want to see countries not intervening in the markets. and the other question is, whether china's currency is undervalued at this point. in objective terms, i am not sure that that argument would hold up. david: talk about something that trade agreements have dealt with, tariffs. the european union and automobiles. president trump met with a chancellor of austria and this is what he said to the press. >> we are trying to make a deal. they are very tough to make a deal with, the european union. they have been difficult over many years. and so it is something we think about, and we are negotiating with them. if we do not make the deal, we will do the tariffs. david: this is under a national security provision and it is hard for people to understand why importing mercedes-benzs damages our national security. put that to one side, what would it do to the economy of both groups if the tariffs go forward? ambassador yerxa:

it is not crashing out, it is leaving under wto rules.f it reaches that stage, is there to enable that element of this deal to be done. if there is no transition arrangement, no withdrawal deal... there will be no deal that would cannot reach a deal with ireland. there will be no deal that would cannot reach a deal with irelandm is very provocative, talking about crashing out. it is the only accurate description. typical independent. i think this, again, brexiteers look at this and think, this is no brexit. you are just clicking the can down the road all the time, as to when you actually leave. at least it we leave on the 29th of march, plus minus a couple of days whatever it is going to be, who knows, at least there is the sort of feeling that you are moving towards brexit. if there is a decision to actually stay as a memberof the eu decision to actually stay as a member of the eu until the end of 22 due on, i think people will throw their hands up and despair. —— 2021. it is hard to see how the pm would survive such a scenario.” it is h

the wto is ruled in favor of the united states over a dispute with china. the panel says that beijing went limits. uncertainty over brexit is having an affect on the number of people moving to the u.k. netrding to statistics, migration to britain is at its lowest level in a decade. this is since it britain voted to leave the block and the 2016 referendum. global news, 24 hours a day on air and on @tiktoc on twitter powered by more than 2,700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. ♪ >> live from bloomberg world headquarters in new york, i am taylor riggs. >> and i am live in toronto, amanda lang, welcome to bloomberg markets. here are the top stories we are following from around the world. trump walks. the summit ends without a deal after president trump and kim jong-un failed to agree on a solution. greenspan on gdp. we hear from the former fed chair on the fourth quarter figures live from the conference in washington. and if time were money. we take a look at the most expensive commutes in the u.s. and how mu

i mean, we're talking about -- there's a conversation globally happening now around reform of the wto play into this deal >> well, wto has still not quite been lived up to you know, one of the things we might get announced this week is allowing more u.s. companies to have majority ownership of things inside china. that's a good thing. that was promised by wto, and it's been holding out companies like jpmorgan and visa and so forth, and -- and there's -- you know, that would be a very interesting and easy one to do because ubs has already been approved, and wto this time around needs to focus more on capital flows and services and less on stuff like boats because the capital flows are what matters. the part of the announcement they are going to do on the currency is the least of the enforcible things. they are going to announce they are going to stabilize r & b against the dollar that actually is something that the chinese leaders want because they don't want capital to flow out of china and weaken their currency stabilizing the currency will help them make their job easier. >> and mat

/china bilateral wto is insufficient in substance and enforcement.ortant for our economy to be based on a pattern of broken promises, not proven performance china can become a member of the wto without congress having to surrender its right to u.s./china trade review annually there is no reason why we should permanently surrender that leverage at this time. i ask if her position had prevailed, how different would things be right now? is it there are many other examples of bipartisan leadership including a lot of people on this committee, and i'm going to get into them and answer the questions if it's relevant let me close by saying that we have engaged in a very intense, extremely serious and very specific negotiation with china on crucial structural issues for several months now we are making real progress. if we can complete this effort, and again i say if, and can reach a satisfactory solution to all -- to the all-important outstanding issue of enforceability as well as some other concerns, we might be able to have an agreement that helps us turn

even if there are trade deal is not agreed and we go out to wto times, let what is going on now is less rising tariffs that will result from that which will impact some businesses more than others but really it's about them. it is more about the continued uncertainty about the future relationship between the eu and the rest of the wealth that might i will stay with you, grace. we move off brexit and you have got your economic hat on. you can bring to light the other item that is featuring heavily on the front page of the ft. this troubled government contractor, there seems to be a rescue plan in the works. why should we ca re rescue plan in the works. why should we care about the story, dare i say? that question. in many ways you can look at this as a best of their carillion 2.0. another government outsourcer that has loaded up on debt —— list of their carillion 2.0. —— less severe. it looks like not particularly a sustainable business model. it is not as bad as carillion 2.0. carillion had continued mismanagement before it eventually went into the administration and was then immediatel

include the presidential election, clinton and his relations with the african-american community and wto protests. this discussion was part of the american historical association annual meeting in chicago. good afternoon and welcome to the session. politics and race. i am the executive director of the c-span archives, the faculty director for c-span scholarship. i am also a professor at the school of communication. that is a mouthful, but they all fit together on this panel. as a political scientist, it is exciting for me to learn more about modern american hist

also we've seen increasingly predatory wto, world trade organization violations with this made in chinaram which on its face is wrong. so you know, clearly we've got to do something. our original sin was to let china into the wto when it did not accept the notion of comparative advantage. now president trump has a pretty difficult job winding this all back. charles: rebecca, of course back then everyone thought china would be a good actor. for a while it looked like they were adhering to some free market principles. of course they really weren't. we found out the hard way later on. what are the challenges you see getting to a deal that is feasible to keep the ball moving? i don't think everyone believes we'll get everything we want in one fell swoop? >> no, that is not normally how negotiations work. at this point president trump has to keep a standard what it is he is wanting. he has two things going at the same time with china and north korea. on the north korea point, kim jong-un is the one that has to put up at this point. president trump has given him two summits which is great for

election, bill clinton and his relations with the african-american community, and the 1999 seattle wto protests. this 90 minute discussion was part of the american historical association's annual meeting in chicago. robert: good afternoon and welcome to this session of the american historical association recanting recent american history through video, politics and race and a televisual age. i am robert browning, executive director of the c-span archives. the faculty director of the center for c-span's scholarship and engagement and the lamb school of medication, and also a

china's accession to the wto was always premised that it was going to move away toward a market economyat really has not happened. i think there's a real cause for the u.s. to be even more radical toward china, but, of course, that would require getting our allies together, not dividing them. gerry: one of the issues people have with that is compliance. china could make all kinds of promises, but how to you enforce that. what's the prospect of getting a reliable into forcement mechanism? >> well, i think you have to work very hard at policing what it means to have forced technology transfer. you're never going to police every individual action. you can more companies reporting here in the united states. but the u.s. has to do its own work too. we need more of strategic thinking here about basic research in technologies of tomorrow. we can't just point our finger at china. gerry: think they're headed towards long-term economic tension, or is this somehow resolvable? >> well, both. i think that it's resolvable but, yes, it's got to be strategic tension. when you have a rising power and an

of the day, we would trade on wto tariffs and we would be absolutely fine.country, but number ten has said they don't want a no deal situation and are working to get a deal. some in parliament on the backbenchers, on both labour and conservative sites, are trying to stop a no—deal brexit. so i think there is a majority in parliament who don't want to know deal, but a lot say that this has all been overblown and if we respect the referendum, we will be fine. that view is seriously controversial. this is a tweet from the european states —— space agency scientist who bumped into michel barnier this morning and tweeted about it. mr barnier told him that we've been trying to work towards the best possible outcome. he went on to say that mr barnier said he still doesn't know exactly what britain wa nts. doesn't know exactly what britain wants. alex, that is a recurring theme from the eu, saying they want more detail. what has been the government's response to that criticism? this has been a sticking point. the eu says they need something to get it through parliame