i've been teaching wto law for the past 26 years. we had a program at the wto since 2011. we have a three year hiatus but they are restarting the summer. >> world intellectual property organization. i wanted to clarify. >> one thing i wanted to talk to you about is if the wto, you said if it doesn't exist we would have to re-create it. as a lawyer, i think there is a lot that the wto does that only the wto can do that is not easy for the world to understand. in the last 50 years we have seen the uprise of the ministry of state. the work that is done is bringing together regulatory convergence at the wto. even we saw it with the pandemic leading a repository of the laws and restrictions. a lot of people are sang the pandemic should be at the wto not the w.h.o.. i am keen for that to be understood and that role to be strengthened because it is not in the general conversations about trade, the wto is more, it is an actual convene or of regulators. the regulator mentality is different than the trade negotiator. these two are converging. regulators tend to be more territorial a

the reform of the wto system is tied to the consensus at the wto that the entire wto ought to be reformed to reflect the economy we are living in. and to be able to keep up with the changes in our economy since the wto was established almost 30 years ago. wto reform, broadly, because i also want to make clear the united states and our team has a mission to engage across the board. we have a special responsibility on dispute settlements. we are engaging at the committee level, we are bringing written proposals every meeting. we are also leaning in on how to make this a more functional negotiating forum. >> you know my fixation on the clock. amb. tai: we are seeking a system that will help two parties resolve a trade dispute, to be a dispute settlement system, as the system was intended. the dispute settlement system has evolved into an area for judicial litigating. to your point about the clock. it allows countries to seek through litigation what they could not accomplish by negotiation. the results have significantly damaged u.s. interests through an interpretation that shields china's no

without the wto it is a state of nature.n the last ministerial meeting, on the covid-19 vaccines illustrates despite the challenges the wto actually can work under the right conditions. to that end, there are mixed messages on the support for the wto and commitment to abide by the decisions and rules even if we don't like the outcome of the individual cases. i know you worked hard on reform. can you update us with progress on this area? >> i would be delighted to. we are doing so much work on reform it's frustrating for me that is not more people know about it because these issues can get technical. all this is happening in geneva which is far away from washington, d.c. i know how much you care about it whether it's on the committee processes and the negotiating function or settlements my team shows up to every meeting with new ideas. our motto is to reform by doing and to put ourselves out there as a model for reform, to not just talk about it but behave in the way that we would like members to behave which is to be very en

the wto fisheries subsidy agreement.re the fourth country to do so. early on. we want today set by example. >> so you almost broke news this morning. you did this yesterday. >> we did this yesterday, and i'm breaking it now. and go look for our statement, it is an affirmative embrace of the wto and what it can do. this is the first wto agreement that has at its core, environmental sustainabilities. >> and my team better hand me a packet, make the transition, a long day, thank you, you were on the stage when we had the u.s.-africa summit and we were focused on africa. one of the themes we were looking at among many in today's forum is the developing world, the global south and what's going on. i mean, i was impressed with your proactive agenda with africa, you were laying out at the time. as you look at the trade tracks we have set aside, where does the developing world fit in? >> i think there's a powerful piece of what we're working towards, that also is looking at how do we get better outcomes from our, in particular,

the -- does this form of trade need the wto? anymore?> i don't know if you missed this in news, -- this news, i submitted to the dirt -- the deputy director of the deputy -- of the wto, that we had signed up for the wto trade subsidies agreement. we are the fourth country to do so, we are early on we wanted to set by example. >> you almost broke news here, but you did yesterday. >> i'm breaking it to you now. go read our statement, but it is an affirmative embrace of the wto and what it can do. this is the first wto agreement that has at its core environmental inability. >> great. i'm going to tell my team that they better hand me a package of materials in a moment. it's a long day. but i want to say, thank you. you were on the stage room we had our u.s. capitol summit. we were focused on africa then. but one of the things that we are looking at among many in today's forum is the developing ward -- the developing world. global south and what is happening. i am impressed with your agenda in africa that you've been laying out, but have you

all our partners supported russia's accession to the wto, so far only the united states is holding ushave not canceled the jackson venik amendment to the trade law , adopted already in the seventy-fourth year these were sanctions for restrictions on the exit of jews from the soviet union and now there are zero in the yard. no union now they are trying to tie this amendment to any problem, in particular, to cooperation in the field of agriculture . e to deliveries, let's say bird places from the us quota on these issues and so on. it would be funny. if it weren’t sad, even those people who in soviet times fought for the uh liberalization of the soviet system fought for the murder of israel, even they are outraged by such a formulation of the question, because they say that we were not chicken meat in prison at one time. well, in our economic cooperation, the main priority. repeal of the jackson venik amendment i hope already in this. it would pass a bill to terminate the jackson venik amendment and grant russia the status of a country with permanent normal trade relations canceled and

here we are discussing, for example, such a question should be withdrawn from the wto.y, compared to the imf, this is a democratic organization. there the main body is the conference of all. here, please, fight for this platform. unlike the imf there, in fact, the leadership is made up of those countries that have a larger quota, the largest quota of 16.5% in the united states, that is, the american organization. for some reason we have. those are discussed let's leave the wto from a trade organization that can be fought for, where i, in fact, the americans are very offended. look at the whole policy of trump in the wto, he was going to leave from there, and at the same time, there is so little reasoning at all that they were allocated to us from the imf. this also suggests that, in principle, this is the change in consciousness, oh, which we constantly talking in part of our elite. it didn't happen and achieve what you do, it's very that's right. because for us, for ordinary citizens, the question of sovereignty in all its manifestations, from the sovereignty of the st

we heard of the wto mentioning right there that the impact of rising interest rates as having quite ait is doing in terms of slowing down business and trade, but also the kind far—reaching impact this possibly have. i think the banking crisis is certainly one that really should be highlighted. interestingly, these world trade organization is mentioning that, saying, look, all central banks around the world really need to be aware of these possible applications. but you can say that the world is really coming back from the world is really coming back from the depths of the supply chain crisis during the pandemic, but you can see that there are still other issues that remain, hence why you are seeing the trade actually going to be under par.— to be under par. absolutely. for now, to be under par. absolutely. for new. thank _ to be under par. absolutely. for new. thank you _ to be under par. absolutely. for now, thank you very _ to be under par. absolutely. for now, thank you very much. - ajudge in the netherlands says the dutch government broke the law over plans to cut tens of thousand

agreement when you found one or two that are okay but that included the most favored nation into the wto in 2001 can you tell us why and the thought process quick. >> in college and graduate school and to me that comparative advantage of the 20h century arein the 21st century and then secondly the trade was colored by coming out of roads were too with the marshall plan the only industrial power in the world and we allow allied of concessions to moveth things along that it came to a point clinton andnd gore selling five or 600,000 jobs in the us and with thehe total gdp spending every penny un-american goods how does that create jobs? it's all about g going across the border to access cheaper labor lack of environmental standards and then they adopted nonbinding side agreements to say your labor protection your environment you have all those that before you join and they did and it took quite a period of time that we just instantly said here's a country there's not much rule of law to the judicial system to labor protections and entering into a borderless agreement that it was just a way

the wto delegate raised the issue at recent meetings.ed that three country's actions were potentially in violation of wto rules. the imf's warning geopolitical fragmentation driven by tensions between the u.s. and china risks damaging the global economy. it says global output credible 2% if either capital is only channel toward aligned locks -- blocs. in one of its largest warnings since the pandemic. this was government is said to cancel or cut the outstanding bonuses of top executives. board members will have all outstanding payments described. managers will have their bonuses reduced by 50% and 25%. this will affect around 1000 credit suisse employees. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am vonnie quinn, and this is bloomberg. . shery: risk assets selling off early in the asian session. we will have more on the markets when we come back. plenty more ahead on "daybreak." this is bloomberg. ♪ shery: it is early in the session in asi

their people used to protest in cities like seattle against the wto. and now, they bow down to the wto and support all sorts of obscene, lopsided trade deals. this is given a huge advantage to foreign countries and led to the outsourcing of millions of american jobs. of course, our working-class party can also be an open borders party. which is precisely with the democrats have become. business we know, they want cheap labor. activists believe why gritt influx is key to changing america away from its stubborn patriotism now that all traditionalism stuff. talk to illegal immigrants today. i have appeared they will tell you they feel like the biden missed ration values illegals over them and their contributions. in a few moments we will tell you how biden's fanatics are planning an even greater assault on our sovereignty. now, none of this leads to greater prosperity. the democrats, they know it. that's why they work with facebook and twitter to bury dissent during the 2020 election. i'm either desperate now to keep tiktok going. despite its ties to atta

and having appropriate measures and wto compliant.king at the way to reengineer globalization. that is the right way forward. that takes us a step away from discussions on re-shoring. we need to be certain of supply chains and we need securities and bolster and boost global effort in that regard and not forget the regions >>> we will take a quick break coming up on the program, ethereum surges and taking other cryptocurrencies with it we will tell you why and why our next guest who says 30k is the start of something special for bitcoin. >>> welcome back to "street signs. i'm julianna tatelbaum and these are your headlines global oil demanded is set to rs this year as iaea warns production cuts are hitting hard. >>> the cac 40 is gaining with european equities edge higher after better than expected ppi stateside. >>> austrian national bank governor robert holzmann says recent turbulence financially could trigger a strong hike. >> 50 could be in the ballpark next time. what happens afterwards depends. >>> pension reform protests rock th

all our partners supported russia's accession to the wto where only the united states lives for now.not cancel the jackson venik amendment in the trade law, adopted already in the seventy-fourth year , these were sanctions for restrictions on the exit of jews from the soviet union and now there are zero in the yard . union no now they are trying to tie this amendment to any problem, in particular, to cooperation in the field of agriculture farms, and for supplies, let's say poultry places from the us quota on these issues and so on. it would be funny. if it weren’t sad, even those people who in soviet times fought for e, the liberalization of the soviet system fought for emigration to israel, even they are outraged by such a formulation of questions, because they say that we weren’t chicken meat in prison , well, in our economic interaction is a top priority. repeal of the jackson venik amendment i hope already in this. bill to terminate the jackson venik amendment and grant russia's status of a country with permanent normal trade relations was canceled and new sanctions were immedia

i think all of us by resources wto— . i think all of us by resources wto ars— .l yourself, you've said you've impact on well yourself, you've said- you've-impact on your you've seen an impact on your ottttrss-s— children's education. definitely— children's education. definitely. so.- children's education. ti�* i etiig so. i've got children's education. jti i etiig so. i've got a 12 definitely. so. i've got a 12 ysar— definitely. so. i've got a 12 ysar ott— definitely. so. i've got a 12 ysar ott ast— definitely. so. i've got a 12 year old and a— jti i etiig so. i've got a 12 year old and a seven year old ast— year old and a seven year old ast rsy— year old and a seven year old ast my 12— year old and a seven year old ast rsy rz ysar— year old and a seven year old and my 12 year old is at high sotoot— and my 12 year old is at high sotoot at— and my 12 year old is at high school at the— and my 12 year old is at high school at the moment. he's had, i school at the moment. he's had, t-tt-s— school at the moment. he's had, t-tt-s ssss— school at the moment. he's had, i

by the way, here is the wto wet heat treatment - that's all on ours. these versatile irons , manufacturers hope that the quality of raw materials will rise to work in the field you need equipment. for example, last year the government allocated 200 million rubles. for subsidies for developers of special equipment. and this applies to machines. cooperation is important here manufacturers and business promotion over the years, we have opened e-platform, and business cooperation electronic platform, where all customized products of the largest enterprises in the region are located for our local enterprises. this gave an amazing effect. uh, the volume of purchases from small medium-sized businesses. uh, the industrial flagship. the enterprise of small medium business exceeded 24 billion rubles. this year, as a whole with a grade program from the fourteenth year. e more than 160 ml. rubles, in addition, we opened a-a marketplace electronic platform, made on vologda region and anyone can get acquainted with the unique samples and products of our vologda ente

that included the most favored nation treatment for china and china's accession then into the wto in 2001. can you tell us why? tell us what your process was. >> it economics in college and graduate school, to me the theory of comparative advantage did make much sense in the 20th century. or, now in the 21st century. most of our trade has been based on that. secondly, a lot of our trade was colored by our coming out of world war ii. we have the marshall plan. we're the only industrial power in the world. we controlled the seas. it was, like okay, will allow a lot of concessions to other nations in order to move things along. but really came to a point with me with nafta. clinton and gore selling it 05, hundred 600,000 jobs in the u.s.. if they look at mexico's total gdp, they spend every penny on american goods, was less in the state of new jersey. i? said how is that going to create fiber 600,000 jobs here? it isn't. it is all about going across the border to access cheaper labor, lack of environmental standards. and then clinton was having trouble passing it and finally since labor

the wto has already been forgotten. well, and so on. that is , you understand, this is such a two-faced position. will as radicalized, but it's not for us. this is for other countries it does not work in the global world, so the use of the national currency. present tense. this is our priority. since the president correctly said that it did not go far from us. uh, that's because dollar settlements have become dangerous. we can freeze the payment. can the payment go through, so the transition. uh, the use of the ruble to use the currencies of friendly countries do not use digital currencies. here is our present and here is our future for financial settlements, by the way, speaking hmm by the way, speaking we see that other countries. uh, more and more use our experience because they don't like it. eh, tem. uh, so who is uh imitating the so-called reserve currency it can be very easy and today you are good, and tomorrow he imposed sanctions on you and your assets are frozen, so the transition to the calculation of your own currency. uh, s

you know wto cheapeticket for game at the golden 1 center saturday, about $500.s half the price for game three at the chase center. >> i would pay around like at most i'll pay like 250. >> one day i may be able to afford to go after i sell my kidneys. >> reporter: the price to sit lower level, you're shelling out thousands. >> i've paid a lot of money for tickets. we're going to watch this one from home on saturday night. >> reporter: so why the high price tag? you can thank a nearly two-decade playoff drought for that. some lifelong fans have been itching for years to hit add to cart on those tickets. >> i've been saving since like january. i've been ready for this, man. >> reporter: spencer hobbs has waited since 2006 to watch the kings in the playoffs and he's not going to miss it. >> i would literally pay $500 a ticket for game one. i would not have a problem with that and i just bartend. i don't even make that much money. >> reporter: a throne to watch the kings worth the wait and for some worth draining the wallet. >> i think it's insane, yeah, absolutely.

and support allo sorts of obscene, lopsided wto s. this i now, this has given a huge advantage to foreign countries and led to the outsourcing of millions of american jobs. and , of course, like a working class party, can't also be an open borders party, which is precisely what the democrats have become, our workie busines we know they want cheap labor and activists believe a migrant influx is key to changing america away. from its stubborn patriotism and all that old traditionalism stuff. hangin sog talk to illegal immigrants today. patriotism. you they'll tell you that they feel like the biden administration value biden s ils over them and their contributions and few moments, we're going to tell you how biden's fanatics are planning an even greater assault on oure sovereignty. yonow, none of this leads to greater prosperity. and the democrats know it. that's why they worked with facebook and with twitter to bury dissent during the twenty twenty election and why they're desperate to keep tiktok going despite s its ties to china.ov n

uh, the sevens say have a low debt of 60% of gdp low budget deficit, need to ensure freedom, trade wtol forgotten, because these countries want to stay afloat. they want to hold on like hegemons in the world who can dictate to other countries. how to act, what to do to consider this country sanctions? now it's better to change. and just like that these are all the sanctions. it's not only russia, it's big. uh, countries including the same and china these are the countries that hmm that do not like how they pursue their policy of an independent policy from these uh, the so-called hegemon. so now this elephant is happening. and now they are trying, you know, attempts, uh, to impose sanctions , attempts to limit calculations, freeze our reserves, and so on, prevent us from developing. this is just an attempt to stay afloat. well , this is not happening, and we see how russia er, overcomes overcomes all these all these limitations. we see that uh , these uh countries are, first of all, our unfriendly countries, not uh through sanctions through sanctions. uh, trying through trade restrictio

uh, every fourth, in my opinion, residents of the republic of the wto industry is such a flagship if you want in russia, which is also very important. we do a lot to support. this industry is about cumulative support. e, now e industry here are two two billion rubles. well, if we talk about the specific production of what you do here it is very important that we have included, uh, felted shoes. also, what are the products in uh. seasonal industries in order to provide them with tax deferrals. and there, already in karachay-cherkessia, mikhail mishustin took part in the launch of new small hydroelectric power stations on the kuban river, a complex of two stations was built in less than four years. both hydroelectric power plants, the operation of which we are launching today , were built in just a few minutes less than in four years as part of the implementation of the corresponding comprehensive program in the north caucasus and we have already built five on-site small hydroelectric power plants and are ready for operation. in russia, the permission of the system operator to turn on

. >> wto minutes -- two minutes left, we are going to do a 180 here. you are probably the first son-in-law in history to write a biography of your mother-in-law. talk about rhoda. >> she was an anti-apartheid activist in south africa. she was appointed to the human rights commission by nelson mandela. she was a black feminist. by the end of her life she was a conservative trump supporter. she did not label herself as conservative, nor as liberal or left wing, marxist, in the early is of her career. what she was ultimately was someone who believed passionately in freedom. and she stood for human rights and for integrity, and fought against corruption wherever she saw it. she believed trump was a good president for the u.s. because he said he was going to drain the swamp. she saw american politics from an outsiders point of view and believed america had a lot of swap to drain. so she championed trump as someone who she believed could clean out washington, and she still believed very fervently that that was necessary. i think that traces the long arc of h

one of the biggest mistakes policymakers have made a bipartisan mistake was omitting china into the wtoyou can track that decision under the clinton administration from that moment forward you can track the destruction of the macon middle-class the destruction of manufacturing in our country, the emptying out the multiple cities that were once vibrant places, the loss of industrial capacity, the overreliance on chinese supply chains everything from raw material to finished goods, putting us in a dangerous place. >> other issues national security issue i don't know that corporate america has gotten the memo they keep investing in china and a whole host of ways, you been outspoken against u.s. investments in china. now politico is reporting that the white house is nearing an executive order that would require companies to notify the government a new money going to chinese technology companies and prohibit some deals with chinese sectors like microchips. is this too little too late and you think they get to go through with it, i'm skeptical. >> we need to see how it's written and we had le

a group of computer-savvy gen zers who marched in once a wto day. why? joking aughter faded, onenil.he of them was struck with a seriously good idea. >> yeah, it's called c.l.e.o., it stands for "computer literacy education outreach." >> reporter: aaron smolyar, along with friends christian laquis and derrick hueniken, started the c.l.e.o. club and tried to partner with brookdale. >> yeah, initially we tried emailing, but i think maybe we got put in somebody's email. i don't know. this is literally right next door, it was before we could drive, so we just walked over after school. >> reporter: and they've been volunteering ever since. >> okay, then go to photos icon. >> reporter: jonathan smith couldn't figure out how to text a picture. >> do i poke it? >> yeah, you just click it. >> and that's all there is to it? >> yeah. >> reporter: nancy kilpatrick wanted to clear out her inbox for the first time. >> 122,000. >> emails? >> yes. >> reporter: fortunately, nancy learned you do not have to delete them one at a time. >> look at that. >> look at that. >> w

government, the wto, etc. since the war began has been one of collaboration, making sure we work together collaboratively because of the importance of ukraine to global food security. i think this will continue when the war is over and the rebuilding begins. i think one thing that has happened, first, with the covid pandemic, and again with the war, people took food for granted. they took supply chains for granted. i think the last three years have taught us all that it does not really work anymore and we really need a more adjusted delivery system. i think working with governments, wherever that is is vitally important. >> public-private partnerships are essential. when we think about public-private partnerships we think about port concessions. that were granted a right before the war. at the same time i urge everybody to think of this in a broader way. you have the private sector on the ground that needs access to resources. access to capital. we are seeing that those private sector players that are already

infrastructure suffers from chronic underinvestment, the ratio of doctors to patients is far below wtording to the world health organization medical bills push 55 million indians into property every year. experts say the government cannot depend on private institutions to plug these gaps. private institutions to plug these gaps-— private institutions to plug these as. ., ., these gaps. the right to health should be guiding _ these gaps. the right to health should be guiding the - should be guiding the principles for the state to provide the bulk of the care. i would argue 33% of the gdp provision for healthcare, without which it is not even a pipedream. without which it is not even a pipedream— pipedream. india spending a fraction of — pipedream. india spending a fraction of that _ pipedream. india spending a fraction of that currently, i fraction of that currently, legislation alone won't help unless it is hand—in—hand with more public spending to make healthcare accessible to millions in the world's most populous country. shares in google's parent company alphabet have fallen sharply

annabelle: you are no longer the trade rep to the wto for geneva. diplomatic immunity. does that have any bearing on your business, any plans to come to hong kong? justin: actually, it saved me lots of time. before that, since i bear a lot of diplomatic responsibility in geneva, that is why spend a lot of time in europe as well. but, since, luckily march this year, i resigned as the chief representative to the wto in geneva, which i think freed up a lot of my time. so i can devote it to crypto, my crypto hobby. so, stay tuned. for my public services arrangement, we might have a new development in the future. we will keep everyone updated. annabelle: justin, thanks so much for your time. hopefully we will see you in person and hong kong. -- in hong kong. justin sun of tron. rishaad: we've got olaf scholz inviting the chinese premier for talks in berlin. it is the german chancellor's bid to ease tensions between europe and the government in beijing. it was meant to enlist china on a key partner to promote global peace as well as tackling climate chang

it is difficult, as an economy gets richer, the first boost of growth after china joined wto, was kickingers from farms and putting them in factories. the next stage is getting more productive with sectors, within the industry, using resources better. shery: what are you seeing in the jobs market in china, which growth doesn't seem to be catching up? steven: overall implement in china was held up pretty well during the pandemic. there is one segment we see -- the cohort of 16-24-year-olds, college graduates and noncollege graduates, a sharp rise in unemployment. the ratio is around 18%. even though china's workforce is declining. the young cohort is roaming in the next few years. the key challenge is to find jobs for the young in china. haidi: the youth unemployment number is startling. steve, we appreciate you joining us. the other big component when it comes to the global economic outlook is what happens with the fed and the u.s. economy. we are hearing from raphael bostic speaking to reporters after delivering his speech, repeating leasing he favors one more rate hike and then a pause.

from the wto world trade process, the shanghai cooperation organization said that this organization is for a road map to move towards the de-dollarization of member transactions. argentina has also announced that it will use greece instead of dollars to pay for imports from china. the minister of economy of argentina announced this news after meeting with the chinese ambassador he said and added that the use of youth in exchanges with china will make argentina have more freedom of action, reducing dependence on the dollar is facing exponential growth . we can exchange goods up to 50% with the national currencies of greece and rome, but now we see that this process is in the right state and even the friends and allies of the united states are joining this process, so that in the most recent action, the minister of economy of argentina announced that his country its cost instead of dollars in payment the cost of using china has mostly made a similar decision to the following, but in order to trade with ourselves to use other currencies in our exchanges , french president macron also said

shery: japan's economic trade and minister as were getting lines that china will be asking the wto tote the u.s.-japan-netherlands chip curb that we have seen as we try to rein in the export of key technology to china. you can watch us live and see past interviews on our interactive tv function, tv . there you can dive into securities or bloomberg functions that we talk about. become part of the conversation by sending us instant messages during our shows. this is for terminals of scrubbers only. check it out on tv . this is bloomberg. ♪ 92% still active? seems high. seriously? it's just a bike. wait. they make a treadmill with an intuitive speed knob? yeah. want to try? 92% stick with it, so can you. start a 30-day home trial today. terms apply. c'mon ref, that's a foul! jay? jay's back? gimme a time out. huddle up! i call the time outs. didn't expect to see me so soon, huh? well, i invest in a fund that fuels innovation, like next gen video conferencing, and when i saw your defense in the first half, i had to step in! anyone can become an agent of innovation with invesco qqq

the delicate raise the issue and argued the actions were unfair and potentially in violation of wto rules the imf's warning geopolitical fragmentation driven by tensions between the u.s. and china risks damaging the global economy and says global output could fall by 2% long-term if foreign direct investment and other capital is only channeled towards the blocks. the fund says a fragmented world is likely to be poor in one of its loudest warning since the pandemic. saudi arabia has raised oil prices for asian customers in may, days after opec-plus announced a production cut. saudi aramco hiked price by $.30 a barrel, the third consecutive month it has raised prices. it is a surprise for those who expected a reduction before the cut was announced. global news powered by more than 2700 journalists and analysts in more than 120 countries. i m vonnie quinn. this bloomberg. haslinda: still ahead, we are counting down to the rbi's great call. here why our guest sees another 25 basis point hike coming before the central bank hits pause. yvonne: first, beijing last the meeting with taiwanese pres

here we are discussing, for example, such a question should be withdrawn from the wto.ght for this platform. unlike the imf, there, in fact , those countries make up the leadership. which is larger than the quota , the largest quota of 16.5% in the united states , that is, the imf is an american organization. for some reason, we are discussing in russia. let's leave the wto from the trade organization, for which you can fight, where i, in fact, the americans are very offended. look at all trump's policy in the wto, he was going to leave from there, and at the same time, there is so little reasoning at all that they were allocated to us from the imf. this also suggests that, in principle, that one, that change of consciousness, oh, which we constantly talk to some of our elite. it did not happen and to achieve. this is what you are doing. this is very correct. because for us, for ordinary citizens, sovereignty issues in all of its manifestations, ranging from the sovereignty of the state, military sovereignty and ending with financial and cultural sovereignty is well, le

uh, they think that there are grievances, because the world that is now built here is the wto before world one. in the financial system, it was built without the participation of china and without the participation of russia, we only accept the rules of the game, uh, and it turns out that one of the largest economic powers, uh. china is different, the largest. ah, a commodity power. russia, we cannot influence this world, because they do not give it there. this is just the idea, uh, of joint resentment, no matter how strange it may sound. she unites in many ways. and if we look at, for example, putin's statement from the depin dated february 22, when putin arrived at the winter olympic games. e. it is completely filled. with these joint ideas, that is, it was clear how the logic would develop further, uh, but uh, russia for china, i am now not working out this program, which i planned for myself, and therefore china is now very quickly trying to solve their problems and they often say in the famous shoulder. russia, you know, i have a feeling that china would rather not get involved

the wto case has been suspended by china as china has committed to a review of its barley tariffs.sputed whether it is a three month review or a year-long review, but in any case, there is a review. australian officials say they are hopeful of a similar review for their wine tariffs before the end of the year. in total, the trade minister told bloomberg that he was hopeful that we could get the barley and wine issues resolved by the end of this year. which would be really remarkable given that it was a year ago that all of these different exports had sanctions still on them. paul: yeah. how things have changed. bloomberg's ben wescott joining us. be sure to tune in to bloomberg radio to hear more from the days biggest newsmakers and get in-depth analysis from the "daybreak" team broadcasting live from our studio in hong kong. you can listen via the app radio+, or on bloomberg.com. plenty more to come. stay with us. ♪ paul: let's get a quick check of the latest business flash headlines. chinese oil companies recorded weaker first-quarter earnings as low road prices -- crude prices w

here it is every fourth, in my opinion, residents of the republic of the wto industry.mikhail mishustin touched upon the topic of the tourist attractiveness of the north caucasus from year to year it grows 96 billion investments went to the development of the resorts arkhyz and donbai and in the neighbors of the karachay-cherkessians of the stavropol territory, the reconstruction of recreation areas in pyatigorsk and kislovodsk was carried out the head of the region vladimir vladimirov prepared a photo report for the prime minister for the summer season. tourists from all over are ready and waiting. countries natalia lyublinskaya sergey mukhin olga gerasimenko alexey dushenkov and alexander kovalev channel one. the court decided to send her under house arrest to the well-known blogger elena blinovskaya, an almost billion dollar tax debt, an ingenious scheme of tax evasion and , at the same time, a very bright life along the orbit , which involved millions of people who did not suspect. what price is given? this is the so -called well-being of their money, they gave back

. >> reporter: so much indiscritea uny polarized by wto >>> plus, pope francis returns to the vatican holy week. >> i'm chris livesay in st. peter's square where pope francis is celebrating palm sunday mass after making a swift recovery. >>> and later, triumph and heartbreak. there's no stopping march madness, even though the calendar says it's april. >> announcer: this is the "cbs overnight news." >>> good evening and thank you for joining us. tonight new york city is bracing for what could be two tumultuous days. on monday former president donald trump is expected to fly from florida to new york. then on tuesday he will be formally arraigned on criminal charges in a historic indictment that remains under seal. today in west palm beach mr. trump gave a thumbs up and waved to supporters from inside his suv as he left his golf club. he has not appeared before cameras to address his indictment, but that is expected to change soon. cbs's robert costa is outside trump tower in manhattan. robert, good evening to you. how do things look right now? >> reporter: good evening, jericka. new yor

fight against evil, these priests of the orthodox church of ukraine, uh, the same militants, like the wtos bats of ukraine, yes. uh, because you understand the situation turned out that we really. here is an orthodox, uh, commercial church. this is ukraine, which you can call them demons, because i won’t call them in any way. this is evidence, there was such a hive, who were allowed. also you can't do it. it is necessary to imagine something to do with it. here's a question for me, what are we going to do with this is a great question. look, firstly, i understand, but to which priest, and you say, let's even, in my opinion, have it. now i will ask you to find. and if we find this dried-up impostor who calls to pray, i demanded. we 'll show you right now. at this important hour, i conjure all believers to pray for daria trepova, who accepted torment for her feat in the fight against evil. i believe that ours is this here is some kind of popular, probably righteous anger. yes, and the people's onslaught, in no case should he remain. hmm, that's home. first, we can unite, look from today. th

average is lower than any other trading nation in the world under the schedule we have submitted to the wto. thailand is already getting the same access as china. that is probably a problem. thailand does not have large status owning enterprise. so you are still at a disadvantage unfortunately. even though you are getting the same tariff. that is why i am arguing we should move china off and begin the condition to put them on schedule too. then that would be a great advantage to countries like thailand when suddenly the tariff goes from three point 4% to almost 24%. then your goods would be, way more competitive than the chinese goods. >> i am interested in cranes and other enabling aspects of port management and what particularly scares you and what you think we have to do that goes back to the resilience question particularly as we look at national security implications. mr. defazio: i talked a little bit about they control the port. they know the movement of the u.s. ships in and out is. the same thing with cranes. they can be tapping into what is going on on what ship and where is it go

>> i think that the way we let china into the wto and that whole series of agreements with china wereully engage with china over time -- maria: that was before xi jinping. >.>> over time, china is goingo become more within the norm of international trade practices and what we've seen from china is they're saying great, we have this access and we're going to gain the system to benefit ourselves and undermine he everybody else and if china is going to behave that way, then we need to reconsider everything. maria: big discrepancy when you look at imports and exports. u.s. china trade. it's great to talk with you as all. thank you so much. we'll be right back. we've got tips on how to protect yourself from scammers, don't miss it. right after this break. sfx: [alarm] every day you get to choose. do i want more? can i grow stronger? can i get better? bodyarmor lyte. more than a sports drink. maria: welcome back. americans are looking for ways to vacation on a budget this spring and summertime as inflation is bringing up air a fare and hotel expenses. there's a growing underground market of

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it was specific only for those afghans wto— specific only for those afghans wto tat— specific only forso i think. but what's the line ttono so— so i think. but what's the line ttono so wtv— so i think. but what's the line then? 7 so i think. but what's the line then? 27 then? so why ukraine? why why pick that one? is it because what i assume it's because well, i'm know why the i'm i don't know why the government gave the rationale for it. i assume there's protattv— e i assume there's probably several factors, tnotattng— probably several factors, including a— probably several factors, including a invasion of a country— including a invasion of a country .— including a invasion of a country , which is obviously not country, which is obviously not the country, which is obviously not tto aso— country, which is obviously not tto tn— country, which is obviously not the case in in— country, which is obviously not the case in in sudan. horrendous sttaatton— the case in in sudan. horrendous sttaatton tn— the case in in sudan. horrendous situation in sudan,— the case in in sudan. horrendous situa

wto— that time. and one of those 2000 wow! wto-tte— that time.e him evil ? �*ftt�*t2;.. i him evil? well, i come to the what's the point, you see, because all those people from the 1600s, they're dead. they've been dead for ages. so we can't really get them to apologise. and him apologising for something do seems something he didn't do seems a bit pointless to me. you know, if my if i apologise for something my great grandfather did, what would be point in that? would be the point in that? yeah. i can apologise yeah. i mean, i can apologise for when he got drunk for my dad when he got drunk and vomited that's fair vomited at. well, that's fair etougt. — vomited at. well, that's fair etougt. ae— vomited at. well, that's fair etougt. we you— .t2;t: well, that's fair enough. as you should, because it-embarrassing. - enough, as you shouid, because it embarrassing. / it was very embarrassing. yeah, it was very embarrassing. yeah, tt-vett. ttt— it was very embarrassing. yeah, it-yeah. i'm not- it was very embarrassing. “23" . / i'm not bringing it was.