that's china and only one legitimate ruler, that's xi jinping.s and says you americans are are powerful, but i am the ruler under heaven. all under heaven which is the phrase in china, that's mine. and he's acting like that and when you look through the behavior of xi jinping, he can do whatever he wants and it's up to the united states, really, the only power in the world, that can actually stop the chinese from really just breath takeingly broad ambitions. mark: and the last half decade, he's made massive moves. half decade-decade, the south china sea with the fake islands, militarized those. threats he's made to vietnam. vietnam comes to us now. >> right. >> the philippines, taiwan and even japan. south korea is trying to make nice. they're trying to figure out what to do with him. >> intimidated. mark: intimidating the indians, they seem to be pushing back but military is quite weak though they're trying to modernize it. he's pushing out in all directions, isn't he? >> he certainly is. and he's going wide and far, and one of the things he's d

but xi jinping have been a big supporter from the very beginning. she's pushed people out of that he believed to be corrupt so this was a restructuring into the absurd is from the south china sea is very much a joint partnership between the vision that is more than happy to try to realize that 80% of the south china sea that they claim. >> the one built one road, what do you think is the chinese goal definition of success? >> i think it began as an infrastructure project to the export of overcapacity for the standards of the next 50 years this was for the 68 countries through the rest of asia, the middle east coming up and out to africa and there is an overland route and a route to the sea. so it began as an infrastructure project but it's morphed into some a much grander. so it became a pitcher go both ways of china won to have control over the gps satellite system and fiber optic cables there's a poltergeist spouse to connect china and europe more frequently. there are security implications with a majority controlling state and 76 ports and even t

trump: zte was a company that i spoke to with president xi. he asked me if i would take a look at that because it was very harmful to them in terms of their jobs, and probably other things, and i certainly said i would. he asked me to do it and i would do that. i would certainly, had a great respect. i like him. he likes me. we have a great relationship. he asked me if i would look at zte. don't forget, it was my administration, with my full knowledge, that put very, very strong clamps on zte. it was not anybody else. it was not president obama. it wasn't president bush. it was me. i put a very strong clamps on zte. they did very bad things to our country. they did very bad things to our economy. the one thing i will say, they also buy a large portion of their parts for the phones that ey make, and they are the fourth-largest company in terms of that industry. they buy those parts from the united states. it's a lot of business. we have a lot of companies that will not be selling those parts. the president of china, president xi, asked me to lo

has been a big difference since they had the second meeting with president xi. that being said, whatever happens, happens. >> would you consider a personal average -- personal outreach to kim? pres. trump: we will see what happens. you have to want to do it. with deals, that's what i want to do. you have to have two parties that want to do it. he absolutely wanted to do it. perhaps he doesn't want to do it. perhaps he spoke with china and that could be right. president xi, a friend of mine. but he is for china and i'm for the united states. but that is the way it is. i will say this, we are continuing to negotiate in terms of location. the location as to where to meet, how to meet, rooms, everything else. been negotiating like nothing happened. if you read the newspapers, maybe it won't happen. can't tellyou -- i you yet, but we will know very soon. >> what are you going to tell the chinese [indiscernible] pres. trump: i have been telling peoplehat we are -- you have been covering trade and you have been covering china and you have been covering everything for a

about president xi? >> no. president xi and i have a good relationship. but there is no deal. we will see what happens. where discussing deals. we can do a 301. we can do where we don't need china and we say this is what we want. ift is always a possibility a negotiated deal does not work out. as i said, we lost $500 billion a year for many years. then it very from $100 billion to $500 billion. when you are losing $500 billion a year, you can't lose in terms of negotiation. it's really easy to win. but i want this to be a great deal for the united states and for china, too. it may not be possible. concerned, thes president asked me to look into it and i'm doing that. and don't forget, for those were saying trump is getting easy, zte, we closed. it was not another administration. it was this administration that closed it. it is also a phone company that buys a large portion of its parts that make up these phones that are sold all over the world from american companies. when you do that, you are really hurting american companies also. i am looking at it. we were the ones that cl

jinping and like president xi jinping a hard core socialist. that's what the u.s. team are dealing with they are dealing with men who are hard core socialists because you know the commerce ministry is now basically controlled by by the party that's the difference this time around you know in previous talks between the u.s. and china the u.s. has been talking to you know people who weren't necessarily high ranking party officials this time they are. and there are reports that president xi and his vice president will meet the u.s. negotiated is that likely though if there is no deal reached i don't think so because president xi jinping doesn't normally meet foreign v.i.p.'s dignitaries unless there's good news attached and if there isn't a breakthrough then i don't think you'll see president xi jinping or his vice president one xi showing meeting the u.s. delegation and in fact president xi jinping has had other things on his mind today namely karl marx the german philosopher it's his two hundredth birthday on saturday may the fifth and on friday

andrea: president xi wants in. what he doesn't want is a reconciled korea on his border so he wants to be part of the equation. he wants stability, he doesn't want nuclear war andug rs, but he doesn't want to be excluded and i think if the summit does get back on, down the road, i think both south korea and china have to play a part. mark: karoun mentioned the trade talks going i in parallel with the north korea drama. after all, it was president trump himself that linked trade with security last year when he said to president xi, if you help me on northorea, i'll go easy on you on trade. i think in a way the coin h turned and president xi is saying to president trump, two can play that game. we're in the middle of a difficult trade negotiati and kim jong un is getting more challenging. ppdrea: if you look at that the confusing phototunity in the oval office that anita was at, the president was pivoting fr trade in china into the kim summit and china. it was a very strange tonversation and it was the first time t h

jinping. firefighter with the ear of xi jinping.federal reserve helmed byjerome jinping. the us federal reserve helmed by jerome powell says jinping. the us federal reserve helmed byjerome powell says they will keep interest rates as they are for now. the personal consumption expenditures price index hit their target of 2%. the figure they used to track it is up 8%. i spoke to a chief economist from the bank of singapore asking why the federal reserve did not raise rates. singapore asking why the federal reserve did not raise ratesm singapore asking why the federal reserve did not raise rates. it was ha rd reserve did not raise rates. it was hard because they did not prepare the markets for it. there is an indication rate hikes every two months which we have seen for the past year will keep on going through this year. possibly next year as well. they are behind the curve. when will be the next interest—rate hike? june looks likely in the market agrees. the question is how fardo market agrees. the question is how far do they go? 3% s

thank you. >> you mentioned that you were looking into zte, as a favor to president xi. trump: i am, yes. >> how do you anticipate that ending up? trump: well, again, zte buys a tremendous amount of equipment and parts for their telephones. they're, as you know, the fourth largest in the world. and they buy them from american companies. so immediately, when i looked at it, it was my administration that closed them down, but when i looked at it, i said, "you know, they can pay a big price without necessarily damaging all of these american companies," which they are, because, you know, you're talking about tremendous amounts of money and jobs to american companies. so, i envision a very large fine. i envision, perhaps, new management, new board of directors, very tight security rules, but we caught them doing bad things. we caught them - not anybody else. we caught them doing bad things, and we essentially made it so difficult that it was shut down. by shutting them down, we're hurting a lot of american companies, really good american companies. don't - and i will tell you

president xi of china this morning at 8:30. primary topic will be trade where good things will happen

president trump also suggested that president xi, chinese president xi, may be using his leverage with kim jong un relative to a summit to get a better trade deal with the u.s. take a look. >> it could very well be that he's influencing kim jong un. we'll see what happens. meaning the president of china, president xi, could be influencing kim jong un. >> chris: the president has suggested before that if xi is helpful with regard to north korea, then he, that president trump, might go easier on china on a trade deal. is the whole issue of a trump/kim summit and president xi's conceivable role in that, is that part of trade talks. >> it is only part of trade talks in the sense that i had very direct conversation was the vice premier. i'm responsible for sanctions. and i have a commitment from them that they are going to continue to enforce the sanctions that are in place and this is very important. china has the same objective as we do. they want to get rid of the nuclear weapons. >> chris: we're not going easier on china in the trade talks to try to get xi's help for a summit? >> i don'

within the china community, about xi jinping approach. i don't think it is mysterious i think he has on a number of occasions essentially said that the taiwan issue needs to be resolved soon or rather than later and of china is -- at heart of his -- rejuvenation narrative. do you think he means this is more than a slogan. he needs it because he says of china should take place by 2049 so he's put out a soft date that includes the south china sea, hong kong and taiwan, so that issue of sovereignty is paramount. >> and 90 years old then. he's 65 now. and so be mid-90s. okay. yes. i don't think he's planning to see that all the way through, but -- but he has put that out as a target. so you can already see that -- china has adopted a number of both inducement and cohearsive policies to try to -- push taiwan closer to china. so i think i think that's clearly on his agenda. >> what about two other or three other foreign policy things when is south china sea? in recent years some of us have been -- youbit surprised we certainly noticed the islan

is the whole issue of a term-kim summit and president xi president xi's conceivable role in that, ispart of trade talks? >> secretary mnuchin: it is only part of trade talks in the sense of i have very direct conversations with the vice premier. you know i'm responsible for sanctions and i have a commitment from them that they are going to continue to enforce the sanctions that are in place and this is very important. china has the same objective as we do. they want to get rid of the nuclear weapons. we are not going easier. >> chris: we are not going easy on china and the trade talks to try and get his help for a summit? >> secretary mnuchin: i don't think we are going easy on the trade talks at all. i think for the first time. many presidents haven't dealt with this issue. president trump has dealt with this issue. he threatened to put on 150 billion tariffs. we have a really good framework agreement that is not just about buying goods. it's about structural changes. it's about lowering tariffs. china has committed to lower tariffs on many things and made structural changes and pro

yes, president xi has the gift of time.t president trump doesn't understand is it says, though, he's got all of these things in buckets to use the word we were talking about in the break. he's got tariffs in this bucket. and he's got north korea in this bucket not realizing that both tariffs and north korea are in the same bucket. you cannot have a fight with china over here on tariffs and then expect china to work with you to solve the north korea problem. he does this in all of these things, whether it's europe, whether it's the korean peninsula. he acts as if i can take the discrete actions and one doesn't have an impact on the other. they absolutely do. >> what do you think? >> chi na's willing to make movs to make donald trump feel better. >> boom. talk about this. >> they said they'll open up the electric vehicle market in china in four years. we'll see how real that actually is. but that doesn't mean they want the americans to come there and actually set up markets. they want american know-how and capital to come the

>> no, but i think that president xi is a world-class poker player. and i'd probably, maybe, doing the same thing that he would do. but i will say this. there was a somewhat different attitude after that meeting, and i'm a little surprised. now, maybe nothing happened. i'm not blaming anybody, but i'm just saying, maybe nothing happened and maybe it did. but there was different attitude by the north korean folks when, after that meeting. so i don't think it was a great meeting. nobody knew about the meeting, and all of a sudden it was reported that he was in china a second time. the first time everybody knew about. the second time it was like a surprise. and i think things changed after that meeting. so i can't say that i'm happy about it. okay? >> now, president moon may have a different opinion. i would like to have your opinion on that, what you thought of the second meeting with president xi. what is your feeling? you may have an opinion. >> and i don't want to get him in trouble. he lives right next to china. you know, he's not too far away. [spe

i don't think president xi jinping and his vice president one xi showing will want to meet the u.s. trade delegation if there's no good news president xi jinping tends to meet foreign leaders foreign dignitaries when there is good news and in fact on friday darren president xi jinping has had something else on his mind namely karl marx whose two hundredth birthday falls on may the fifth on saturday he was addressing a large gathering of communist party officials in the great hall of the people extolling the virtues of marxism and also saying basically that the communist party leadership the membership as well need to remember their communist party roots as she jingping strives for the great rejuvenation of the chinese nation and part of that rejuvenation of course is standing up to foreign powers over trade adrian brown there in beijing adrian thank you. ten thousand people in hawaii have been ordered to evacuate their homes after the killer way a volcano erupted steam and love are threatening at least one residential neighborhood the volcano erupted after a series of earthquakes th

i think that president is right to question what happened here, it likely president xi as opposeddedis playing the president. second thing that shaping, we're now talking to diplomats about summit not just about how the chairs will be and room. but, what is the agenda, and conditions how will we move toward denuclearization, we may get feedback from north korea counterparts this does not have feel to it now in terms of actual object of program that we were lead to believe, which also, could sprinkle doubts whether it is worth the president going. lou: president saying straight out, he is not happy that there is a prospect that xi, was operating below the table, if you will, with kim on may 8. got new marching orders from china. everyone wants to forget, no matter what north korea says or what kim jong-un or rocket man says, he is the pu puppet to xis power and influence over that hermit kingdom. >> as president said today, president xi is a poke are poke, some of that is likely going on, xi may recent you know some of the favorable world media coverage that president was getting almo

that is clearly throwing a bone to xi jinping. xi jinping took a look at this. one of china major telecom companies and exports smart phones and other things. i have one of the little mobile hot spots that is made by zte. >> harris: you are cool like that. >> john: everything i run through it becomes public anyway so it doesn't matter if they are listening in. but the president was very clear in the face of criticism that he is shirking american jobs in favor of chinese jobs, he wants a big fine and a lot of changes at zte including changing out the management, changing out the board, security guarantees. that would be cyber espionage and a guarantee they will buy percentage of the equipment that goes into making the product from the united states. he is trying to get the best deal possible but a lot of criticism about him embracing the idea of saving zte after what they did. >> harris: all right. you opened up your reporters' noteback because you were in the room there with the president for the 35-minute period in the oval office. great to get your insight, yo

we appreciate it and we appreciate president xi. i spoke to president moon and what was taking place to the three gentlemen and he was happy to hear it. he likewise has been incredibly helpful. the relationships we have with moon ent abe, president and president xi and we look forward to having the meeting between the nunes and north korea and that will be anouped. as to timing, we have a lot of things going on within our country. we have very much toughened up the borders. and we have to do something about it. not only the wall that we are building sections of wall right now. we are fixing a lot of wall that built xistent and poorly and only and san diego has asked us to go forward with their section of the wall in california and letting them lobby for us with governor brown, we decided to do it. and we will have a lot of people happy in san diego. we have, i think the numbers coming out from the economy and e what is going on, they are extraordinary. the stock market is almost up 35% from the election but the companies are doing d

you know, i have talked to xi. my good friend xi.sted in getting a deal in north korea it sounds like is he willing to give up a lot. >> he hasn't yet. we have to wait and see if he does in the future. >> bret: all right. panel. that was good. when we come back, something that almost all of the emailers, the twitter users, facebook posters want. an update from charles krauthammer. ♪ ♪ the digital divide is splitting this country. we have parents who are trying to get their kids off of too much social media and computers, and then we have parents who would only hope their children have access. middle school is a really key transition point, right. the stakes start changing. students begin to really start thinking about their futures. what i like about verizon's approach is that it's not limited to just giving kids new tools, it's really about empowering educators to teach in different ways, and exposing kids to more active forms of learning. giving technology is not a total solution. teaching technology, now that is. it can detect a t

we appreciated and we appreciate as an xi jinping. i just spoke to president moon and explained what was taking place with respect to the three gentlemen. president moon of south korea was very, very happy to hear it. he, likewise has been incredibly helpful. so the relationships we have with prime minister abe, president moon, president xi jinping, i think it all goes to what is taking place right now, and we very much look forward to having the meeting between the united states and north korea, which will be announced over the next couple of days as to timing. we have a lot of things going on within our country. we have very much toughened up the borders, but the laws are horrible. the immigration laws in this country are absolutely horrible. we have to do something about it, not only the wall, which we are building sections of right million, weve 1.6 are fixing a lot of it but frankly, it is nonexistent. it was poorly built and it was only temporary in some cases. san diego has asked us to go forward with their section of the wall

i am really concerned about the presidents coming -- about the china bid and worry about president xi crafting a much better deal than president trump. to say the he is writing the art of the deal, not the president trump when it comes to negotiations. when i saw the president wavering on zte and the tough punishment that the commerce department had, i called the president. and i talked to him for quite a while about not backing off. and not just simply doing some slap on the wrist, they can afford it easy. when zte is a prime issue national security and for america imposing sanctions on north korea, iran and anybody else. in general, i hope the presidents approach works. i said over and over again and he has acknowledged it. i am closer to the presidents views on trade with china that i was with president obama or president bush in their views. i don't think you did enough. we are present president to stand firm. not to zte wiggle out from the tough sanctions we leveled on. unfortunately, every time president xi flatters our president he seems to back off a tough deal which will real

take a look. >> president xi asked me to look at it. i said i would look at it but anything we do with zte is always-it's just a small component of the overall deal. >> president trump bemoneys too manbemoans toomany jobs in chin. what about american jobs. >> chris: is zte part of these trade talks and is president trump willing to relax the ban on u.s. companies selling components to zte? >> chris, i don't know why anybody is surprised about this. let me given you the facts. president xi asked president trump to look into this. that's not a surprise. president trump often asks other leaders to look into things that are important to our companies. the president asked secretary ross to look into it and that's what secretary ross did. this is an enforcement issue. it's not a trade issue. weit didn't agree to any idea po quo. secretary ross will make sure that the enforcement issue is in. but in a way that's good for american companies and i'm not going to go through the discussions on the enforcement issue. that was completely independent

xi's visit to north korea? >> the announcement of the upcoming visit, he got promoted and became state counselor and foreign minister. the announcement of his visit is another example of the quickening of diplomatic efforts in the region by the different parties. one of his missions is to make preparations for president xi jinping's visit later this year. these indicate china wants to see the opportunity. the momentum to push forward the process of resolving the nuclear problem through diplomatic and peaceful means. i think china believes we have the opportunity. the parties should seize the opportunity. to push forward the process. so it should be interesting to watch what will happen out of these visits. thank you. >> thank you. >> a key difference between now and the time when agreements were reached, north korea's missile capability, hitting the united states. this has the attention of president trump as it would president hillary clinton or anyone else in the white house. analysts, security have indicated

>> no, president trump xi and i have a great relationship as president moon can attest. but there is no deal. we will see what happens. we are discussing deals. we're discussing various deals. we can do a 301, where we don't need china, where we can just say this is what we want, this is what we think is fair. that is always a possibility if a negotiated deal does not work out. as i said, we lost $500 billion a year for many years. and then it varied from $100 billion to $500 billion. when you are losing $500 billion a year, you can't lose in terms of a negotiation. it is really easy to win. but i want this to be a great deal for the united states. and i want to be a very good deal for china too if that is possible. it may not be possible. as far as zte is concerned, the president asked me to look into it and i'm doing that. and don't forget, for the ones that say, oh, gee, maybe trump is getting a little bit easy, zte, we closed it. it wasn't another administration. it was this administration that closed it. it is a phone company for those that don't know, a very large

i will be speaking to my friend, president xi of china this morning at 8:30. be trade and north korea where relationships and trust are building. this is the first comments we heard about trade after the delegation went to beijing over the weekend. >> dagen: can you hear president trump to president xi, how did it go over there, did my guy screw up. >> maria: back in a minute. stay with us. each of these food boxes represents a gift of life for people here in israel who are in desperate need. these are very difficult times for israel and the jewish people as the government spends more and more of it's resources for battling terrorism. the situation has become a crisis. every week the lines get longer and longer. there are more people who come than they expect because the numbers keep growing. the bible teaches, "blessed is he whose help is the god of jacob." "he upholds the cause of the oppressed and gives food to the hungry. this $25 food box will provide one desperately need family here in israel with food, with hope and with a note inside each of these sayi

on the other hand, she has a kind of loaded relationship with china and xi jinping.y not only partners, but competitors. as you also said an introduction, property theft is, thatis introduction, property theft is, that is the big issue in the way that is the big issue in the way that german companies are not as able to invest in china as chinese companies are able to invest in germany. that is definitely an issue. a very familiar tale, not just for her but the other world leaders who go to china. that is often their biggest issue. it will be interesting to see if there is any progress on the issue or not. what extent do you think this latest move on the part of trump administration to threaten tariffs on car imports into the us will feature in the discussions between angela merkel is an xi jinping, feature in the discussions between angela merkel is an xijinping, as ricker mentioned, they are opening up ricker mentioned, they are opening up theircar ricker mentioned, they are opening up their car market. they said we will buy $200 million worth of goods and services

what is good is the tone as you mentioned between trump referring xi as my friend and xi responding irishes the good relationship with president trump. that warm tone is encouraging. charles: if there was a deal put together, how would it look? one element the media is missing is the administration's attempt to curb or slow down advanced technologies. china has gained so much from stealing our intellectual property, that they are a bona fide threat to our technology. another question of intellectual property and theft of intellectual property, i think that's the area where we have the fairest concern. that needs to be addressed. as far as the other technology aspects, i hope we have a flat 5% tariff and leave it at that. charles: lonnie, how do you see it playing out? >> can we get more across necessary china. semi conductors and you a toes. we have significant interest in continuing to send the products we grow and ranch to the united states. unless we resolve intellectual property, none of this conversation matters. >> we can't forget, china is trying to make their economy more dome

via firms north korea's commitment to denuclearization during a seaside stroll with chinese president xi jinping. from dusky sunset so if it's proving savannah. to sunrise atop an asian metropolis hello there we've got yet more rain developing over parts of china the latest system is finally cleared away from the south coast but now we're seeing this area of wet weather that's developing over the northern parts of it now and stretching up over chong ching lots of heavy rain on that and that system sticks around as we head into thursday as well only slowly edging its way towards the east forcing shanghai should be dry for us then a top temperature twenty. three degrees and this should be a good deal of sunshine coming through each year in the day as well for the south of the southeast and parts of asia lots of showers have particularly over parts of southern vietnam there as we head through the day all over the next couple of days so wednesday thursday looks rather wet and that stretches down to ward's k.-l. as well if you're looking to avoid the showers best chance really is over parts o

influence is purely positive china has been trying to assure itself a role in the process president xi met with kim jong-un twice in the past seven weeks. this comes amid uncertainty on whether the june summit will happen president trump suggested overnight that it's not a sure thing. and south korea says they believe the chances were 99.9% so quite optimistic. we are waiting to see whether or not north korea will push ahead and dismantle its nuclear test site over the next couple of days that step is really seen as a test to its commitment, guys, to whether or not it's going to continue to have talks on denuclearization over to you. >> thank you very much for that update we'll keep a close eye on north korea and the chinese trade side of things. joining us is patrick travanik thank you very much for joining us this morning. eunice broke down a lot of different nuances with regard t the relationship president trump has with north korea and china the ripple effects in the market are noticeable should we make as much out of it, both the optimism and pessimism we saw yesterday in the mark

>> i think some of the misunderstanding of the xi jinping era, the last five years. was a discussion of using the market as a force in the chinese economy, but if you look at what the president of china said it, and the big reform agenda that came out in 2013, -- the role of the state in playing a commanding role in the chinese economy. this is a dichotomy that continues. i think president xi says he likes to keep the -- has demonstrated he likes to keep the rains more than he likes to let them go. into: when he first came office, but what he said in the last year, there's more role of the state and of the party, they seem to be moving in the opposite direction. but they won't turn around if it is in their best interests. if you are president xi, why would you change? you're not scared of donald trump, are you? >> no, but you have a lot of domestic problems to face. discontent, environmentalists, feminist and lgbt. a lot of problems in chinese society and economy. focus onto continue to slowly reforming the chinese economy and making progress. seems to be identifying

president xi has accepted an invitation to visit north korea possibly next month or so possibly before him shadrack meeting with trump in china didn't have a seat at the recent historic summit between leaders of the two koreas and there won't be present at the kim from summit either so president xi wants to ensure that kim's priority is aligned with his adrian brown al-jazeera beijing. heavy rain in aleppo province is making life even harder for syrian civilians displaced by the war many camps for internally displaced people are now severely flooded western aleppo is one of the main destinations for people evacuated from the rebel controlled areas under siege tens of thousands of living in both formal and makeshift camps without access to clean water food and sanitation. or further south a convoy of hundreds of syrian rebels and civilians has left southern damascus as part of an evacuation deal with the government forty seven buses are taking them from the capital to rebel held areas in northern syria government forces are preparing to take control of the towns of him and southeast of

remember, he and xi had, you know, very nice things to say about each other. remember, they had that lovely piece of chocolate cake, you know, some time -- >> a beautiful, a beautiful piece of chocolate cake. >> while the bombs rain down. that was sort of the first time that he and xi were saying nice things about each other and north korea was in the -- was sub rosa. things did not work out right then. but maybe it was part of building a larger relationship. we'll have to see. >> ask emanuel macron how well the bromance has worked out. how to you explain if you're marco rubio and you're tweeting about zte and you're talking on the senate floor about it, you don't bring it up to the president? >> that's -- you know, kind of remarkable. he goes and has lunch they don't talk about all of the criticism that the republican senators have levied against him for criticizing john mccain. they don't talk about zte and the criticism for, you know, for giving away too much to the chinese. you have to wonder if the republican senators are getting to do any talking in thes

and kim jong un. >> president xi is a world-class poker player.fferent attitude by the north korean folks when -- after that meeting. so i don't think it was a great meeting. nobody knew about the meeting. all of a saturn that was reported that he was in china second time. first time, everybody knew about. second time it was like a surprise. and i think things changed after that meeting. so i can't say that i'm happy about it. >> bret: didn't like it, byron. >> is amazing how open the president is in talking about i. i really didn't like that. that rubbed me the wrong way. it is part of this build up we were talking about. this is a really kind of odd event when the president is saying that he can guarantee the safety of the other leader at the summit? that sounded kind of like a godfather thing. it like a summit of the families. everything about this summit is rather odd, and i think in the sound bite you just played, the president is, as kim was saying, kind of coming back to earth on this. not talking about the nobel prize in talking about all

and you would love to know what xi jingping said to countries.m jong—unin know what xijingping said to kim jong—un in terms of that iran nuclear deal and the likelihood that you could rely on the us to uphold its end of the bargain following such a deal. for example, if the us was to say we will reduce troop numbers on the korean peninsular in exchange for you giving up your nuclear weapons, from the point of view of the north koreans, they don't care which president they would be doing that deal with, they would be doing that deal with, they would be doing that deal with, they would be thinking that a deal i have with washington. again, this is the problem with the way things have turned out in iran, that donald trump thinks he is not bound by that deal, the previous deal with iran, because he didn't sign it himself but the other players in that agreement thing that that's essentially like a contract you have with a country and it's not one that's going to fold in the coming yea rs. that was of course stephen mcdonnell talking to recode a little

german chancellor merkel talks business with president xi jinping amid growing trade tensions with the us. and this is what the markets are doing in the first few minutes of trade. european car—makers have taken a hit, down about 2%, following the warning that they could be hit with new tariffs. and we'll be getting the inside track on the toy industry. after a big player like toys‘r'us collapsed, how are some of its smaller rivals faring and turning a profit in a changing industry? we'll speak to the boss of the entertainer. as a string of high street restaurants bite the dust, today we want to know are meal delivery apps hurting your favourite restaurants? are you eating in much more than you eat out? let us know. just use the hashtag bbcbizlive. hello and welcome to business live. lots to get through. we start in the us where global trade tensions could be about to shift up a gear. the trump administration has launched a national security investigation into car and truck imports. it could lead to new us tariffs similar to those imposed on imported steel and aluminium back in march.

because we have -- i have a great relationship with president xi he's a friend of mine. he likes me, i like him. we have -- i mean, that was two of the great days of my life, being in china i don't think anybody has ever been treated better in china ever in their history. and i just think it was -- many of you were there. it was an incredible thing to witness and see. and we built a very good relationship we speak a lot but there was a difference when kim jong-un left china the second time. and i think they were dedicating an aircraft carrier that the united states paid for, okay because we paid for a lot that was built in china >> do you think china maybe discouraged kim? >> no, but i think that president xi is a world-class poker player and i probably may be doing the same thing that he would do. but i will say this. there was a somewhat different attitude after that meeting, and i'm a little surprised now maybe nothing happened i'm not blaming anybody. but i'm just saying, maybe nothing happened and maybe it did. but there was a different attitude by the north korean

the talks break down kim turns , around and says to xi jinping and perhaps to mr. putin i tried , my best, i made a serious peace offer and the americans have continued their policy. -- they're hostile policy or whatever he would say. how can you continue sanctions on my country in these circumstances when i tried. how would china in your opinion, especially dr. chow how would , china respond to that? that would be a question for dr. young, please. i think china deserves credit for its long-standing efforts to try to bring together different parties and find a way out for the past 20 years. donald trump is saying that he deserves the credit for the recent developments. let's say 50-50. [laughter] to be fair. china for the past two decades has been trying hard to induce north korean leadership to change and open up society. we tried very hard with some limited successes. it has been difficult as well. and eventual resolution requires different parties to make their respective efforts. i think on the u.s. side you have a lot to offer to north korea. as long as they p

it was a company that i spoke to with president xi. he asked me if i'd take a look at that because it was very harmful to them in terms of their jobs and probably other things. and i certainly said i would. he asked me to do it and i would do that. i would certainly had a great respect. i like him. he likes me. we have a great relationship. he asked me if i'd look at z.t.e., don't forget, it was my administration with my full knowledge that put very, very strong clamps on z.t.e. it wasn't anybody else. it wasn't president obama. it wasn't president bush. it was me! i put very strong clamps on z.t.e. they did very bad things to our country. they did very bad things to our economy. one thing i will say they buy a large portion of the parts for the phones that they make and they're the fourth largest company in terms of that industry, they buy those parts from the united states. that's a lot of business. so we have a lot of companies that won't be selling those parts but the president of china, president xi asked me to look at it. i said

president xi, a friend of mine -- great guy. but he's for china and i'm for the united states and that's the way it is and i suspect it is never going to change. but i will say this. we are continuing to negotiate in terms of location. the location as to where to meet, how to meet, rooms, everything else. and they've been negotiating like nothing happened. but if you read the newspapers, maybe it won't happen. i can't tell you yet. i will tell you very shortly. we're going to know very soon. steve? >> what are you going to tell -- [ inaudible ] >> well, i've been telling china that we are -- you people have been covering trade and you've been covering china and you've been covering everything for a long time. have you ever even seen a negotiating of trade? nobody's ever seen anybody from our country even negotiate on trade. trade with china -- and with other countries. i'm not just blaming china. china's the biggest. but trade has been a total one-way street. right outside of this nation, you take money out by the bucket loads i

the president still feel good about his relationship with president xi? >> he does, but before this administration came in china had taken advantage of the united states. we have a $500 billion deficit with china. the president has said he has a good relationship with president xi, but fair trade is going to be fair to both sides. a $500 billion deficit is not fair to the people of america. >> the president said the libya model only kicks in if they don't come to the table and talk. we heard today, he said clearly, that he offered security, safety, to kim jong-un, because he doesn't want to end up like muammar qaddafi years after he gave up his nuclear weapons. in terms of that, if this summit doesn't happen, we're back to aggressive military posture and options ha? >> the president said if it doesn't happen it doesn't happen. we are this close. i believe this president is 100% committed to making a good deal for the united states of america and the world when it comes to the dictator in north korea. so i'm very pleased at where we are. i think the outcom

i will be speaking to my friend, president xi of china this morning at 8:30. the primary topics will be trade, where good things will happen and north korea, where relationships and trust are building. >>> also breaking in just hours, president trump will announce the most consequentlial national security decision of his presidency, the president is widely expected to end the waiver of sanctions against iran, ignoring pleas from some u.s. allies, in effect leaving the deal. ahead of this big announcement, the president is attacking former secretary of state john kerry. mr. trump tweeting, john kerry can't get over the fact that he had his chance and blew it. stay away from negotiations, john. you are hurting your country. >>> let's bring in chris zaleza and john avalon. john, let's start with this conversation that president trump is announcing. what do we think this means for the possible meeting with kim jong-un, what do we think he's going to say to president xi? >> calling xi his friend is probably not the most accurate assessment of the relationship. chin

not see any do animosity from president trump to president xi.he summit fall through, if it does not go well, and president trump concludes that china's influence was not positive, we run the risk of a frustrated president trump, looking at a trade deal many think is a subpar and the risks of this fragile compromise unraveling are increased. yvonne: you mentioned about the risk to zte. the president proposing easing penalties on the company, changing the penalty to a $1 billion fine. it is gone from a national security issue to a bargaining chip to negotiate a better trade deal. do you think this is the right approach? what message does that send to companies that want to do business in the u.s.? what president trump did is not that unusual in terms of the kinds of trade-offs u.s. leaders have to make. he made the calculation that shutting down zte was not worth it in the broader context of the u.s.-china relationship. the problem was how it was handled. president trump tweeted out and linked it to jobs in china. a company that faces a -- of susp

it's a major coup for president xi jinping after three prior rejections.ivalent of an economic parade. the pie isl slice of expected to bring billions of dollars of the china's equity market as index-tracking funds buyin. beijingcould change if brings up for the market reform. yvonne: we are watching for the announcement of these companies are a closely. everyone thinking we will see quite a bit of a flow heading into the region. they have been tracking the did -- listed in shanghai. take a look at this chart. atf.is msci china the is what tracks some of msci inclusion in terms of new interest. that has lagged behind ishares. we have been seeing a lot of this volume let's take a look at what we see their -- we see there. betty: let's just pull up this chart, which shows you that china a-shares are underperforming. no surprise, right? they have been trading at a ofcount with the knowledge less corporate governance, these restrictions that -- restrictive flows in and out. discount. you have a with the inclusion of mainland stocks in the msci, the expectation