US, China officials confirm trade talks will resume

US, China officials confirm trade talks will resume


THE TOP STORY THIS HOUR IS CHINA TRADE NEGOTIATIONS, PRESIDENT TRUMP TAKES AIM AT CHINA’S ABUSIVE TRADE POLICIES, DOUBLING DOWN ON HIS PROMISE TO SECURE A STRONG DEAL FOR THE UNITED STATES.>>CHINA HAS TAKEN ADVANTAGE OF OUR COUNTRY FOR DECADES. THEY STEAL OUR INTELLECTUAL PROPERTY, SO MANY OTHER THINGS. NOW IT’S DIFFERENT. NOW IT’S WORKING THE OTHER WAY AND TARIFFS ARE A BEAUTIFUL THING WHEN YOU KNOW HOW TO USE THEM, THEY’RE A BEAUTIFUL THING. WE’RE GOING TO BE TALKING NEXT WEEK. WE’RE TALKING NOW. THEY’RE GOING TO BE COMING TO THE UNITED STATES IN TWO OR THREE WEEKS AND WE’LL SEE WHAT HAPPENS. BUT UNLESS WE’RE GOING TO MAKE A GOOD DEAL OR A FAIR DEAL FOR OUR COUNTRY, LET’S FACE IT, WE CANNOT GO BACK TO A SITUATION, WE’RE GIVING HUNDREDS OF BILLIONS OF DOLLARS TO CHINA BECOMES STANDARD FARE. NOT GOING TO HAPPEN. WE CAN’T DO IT. MARIA: THIS COMES AS BOTH SIDES WORK TOWARD A TRUCE WITH THE NEXT ROUND OF FACE-TO-FACE NEGOTIATIONS LIKELY EARLY NEXT MONTH, EARLY OCTOBER IN DC. MY NEXT GUEST JUST RETURNED FROM CHINA WHERE HE MET WITH TOP TRADE NEGOTIATORS. JOINING US NOW IS GEORGIA SENATOR AND FORMER REEBOKS AND DOLLAR GENERAL CEO, DAVID PERDUE. THANK YOU FOR JOINING US.>>GOOD MORNING, MARIA. MARIA: WE WANT TO TALK CHINA WITH YOU. YOU’VE GOT A UNIQUE PERSPECTIVE, AS A CURRENT LAWMAKER AND THE FORMER CEO OF RETAIL GIANTS THAT WERE IN CHINA, LIKELY TO GET AFFECTED BY THE TARIFF FIGHT. YOU’RE JUST BACK FROM CHINA. WHAT HAVE YOU LEARNED?>>WELL, SENATOR DANES AND I WERE OVER THERE LAST WEEK AS A PART OF AN ONGOING EFFORT TO DEVELOP A RELATIONSHIP WITH R THEIR NATIONAL PEOPLE’S CONGRESS. WE MET WITH THEIR CHAIRMAN AND VICE CHAIRMAN. THE NEXT DAY WE MET WITH THE TRADE REP, LEO HU AS YOU MENTIONED. WE SAID THIS PRESIDENT IS VERY SERIOUS AND HAS BIPARTISAN SUPPORT IN CONGRESS TO GET A LEVEL PLAYING FIELD WITH CHINA. THE PERSPECTIVE HERE IS THAT WE HAVE A NEW FREE TRADE AGREEMENT WITH SOUTH KOREA UNDER PRESIDENT TRUMP. WE HAVE JAPAN WITH AN AGREEMENT IN PRINCIPLE. WE HAVE AN USMCA THAT IF WE PUT IT BEFORE THE HOUSE AND TODAY IT WOULD PASS IN MY OPINION AND WE HAVE EUROPE IN HERE. CHINA IS REALLY MOVING I THINK TO DEVELOP A MORE LEVEL PLAYING FIELD. IT’S A SERIOUS CONVERSATION AND IT’S GOING TO BE ONGOING FOR A WHILE, I’M AFRAID. DAGEN: SENATOR, IT’S DAGEN McDOWELL. HOW LONG IS A WHILE? THERE’S AN ELECTION COMING UP. NOT TODAY, IN NORTH CAROLINA, BUT I’M TALKING ABOUT NEXT YEAR.>>WELL, OBVIOUSLY THE BIG PICTURE HERE IS THAT WE’VE GOT TO GET A PRESIDENT INTO A SECOND TERM TO DEAL WITH WHAT YOU TALKED ABOUT JUST A MINUTE AGO AND THAT’S THIS DEBT CRISIS THAT WE HAVE AND WE HAVE TO DEAL WITH THE ENTITLEMENT PROGRAMS AND MANDATORY EXPENSES TO DO THAT. BUT I THINK RIGHT NOW WHAT WE SEE IS AN EFFORT TO GET CHINA TO THE TABLE AGAIN AND THEY’RE COMING BACK IN A FEW WEEKS AS YOU MENTIONED. I’M HOPEFUL THAT WE’LL SEE SOME PROGRESS. LOOK, WE HAVE ALREADY MADE A LOT OF PROGRESS WITH CHINA IN TERMS OF EQUAL ACCESS. WHAT WE HAVE IS SOME DIFFICULTIES WITH REGARD TO INTELLECTUAL PROPERTY RIGHTS, THE FORCED TRANSFER OF TECHNOLOGY, THE CYBER WAR, AND THE COMPLIANCE WITH THE WTO. THESE ARE REASONABLE REQUESTS THAT PRESIDENT TRUMP HAS. ISN’T IT HIGH TIME THAT SOME UNITED STATES PRESIDENT STOOD UP TO CHINA AND SAID LOOK, WE NEED EQUAL ACCESS HERE AND A LEVEL PLAYING FIELD. MARIA: JACK?>>SENATOR, IF YOU HAD TO GUESS — I WAS ONE OF THESE PEOPLE WHO THOUGHT FOR SURE WE’RE GOING TO HAVE A RESOLUTION BEFORE THE 2020 ELECTION BECAUSE THE PRESIDENT CAN’T GOING TO WANT TO GO INTO A CAMPAIGN WITH THIS HANGING OVER. NOW IT DOESN’T LOOK LIKE THAT. ARE WE TALKING YEARS THIS COULD DRAG ON?>>I’LL LET A CAREER POLITICIAN MAKE A PROGNOSTICATION ABOUT THAT. THIS IS A DEAL THAT CAN BE DONE. WE HAVE TWO SIDES THAT ARE NOT EXACTLY ON THE SAME PAGE YET. YOU’VE GOT TO RESPECT THE CHINESE, THEY’RE THE LARGEST DEVELOPING ECONOMY IN THE WORLD. THEY HE SEE US AS THE LARGEST DEVELOPED ECONOMY IN THE WORLD. I WORRY ABOUT LONG-TERM INTENTIONS THAT CHINA HAS DISCLOSED OVER THE YEARS MANY I BELIEVE WE COULD GET AN AGREEMENT IN PART BEFORE NEXT YEAR. OUR NEGOTIATORS ARE FINELY IN TUNE TO THIS. I THINK SECRETARY MNUCHIN AND AMBASSADOR ARE JOINED AT THE HIP IN TERMS OF THIS NEGOTIATION. I’M STILL HOPEFUL BY THE END OF THE YEAR WE COULD SEE NOTICEABLE PROGRESS THAT WE COULD DISCLOSE PUBLICLY. MARIA: THERE’S CHINA AND THEN THERE’S USMCA AND, YOU KNOW, WE KNOW THAT USMCA AND THE TRADE WITH CHINA AND — I’M SORRY, THE TRADE WITH MEXICO AND CANADA IS MORE THAN A TRILLION DOLLARS. $1.1 TRILLION. CHINA THE TRADING IS $500 BILLION. SO CONGRESS IS BACK IN SESSION WITH A BIG TO DO LIST. OBVIOUSLY IT FEELS LIKE THE MEXICO, CANADA SITUATION IS EVEN MORE URGENT THAN THE CHINA STORY. 11 TRADE GROUPS INCLUDING THE HE SEMICONDUCTOR INDUSTRY ASSOCIATION AND THE INTERNET ASSOCIATION ARE URGING LAWMAKERS TO PASS PRESIDENT TRUMP’S DEAL WITH MEXICO AND CANADA, IT’S A TOP PRIORITY FOR REPUBLICANS THIS FALL. IT’S STALLING IN THE HOUSE. DEMOCRATS ARE DELAYING THE VOTE. WHAT ARE YOU GOING TO DO?>>MARIA, YOU’VE GOT IT. THIS IS NOTHING BUT PURE POLITIC. THIS IS A DEAL THAT GOT EVERYTHING THE DEMOCRATS JUANED FOR THE LAST DECADE. STRONG RER LABOR REQUIREMENTS, STRONGER COMPENSATION REQUIREMENTS IN MEXICO, MEXICO’S ALREADY RATIFIED IT. CANADA’S IN THE PROCESS RIGHT NOW. I BELIEVE IF WE PUT IT ON THE FLOOR OF THE HOUSE AND SENATE IT WOULD PASS TODAY. AMERICANS WANT THIS. $68 BILLION INCREASE IN GDP, 176,000 HE POTENTIAL NEW JOBS. THIS IS A GOOD DEAL, BETTER THAN NAFTA THAT WE’RE UNDER TODAY. I CAN’T SEE ANYTHING BUT PURE POLITICS IS KEEPING THIS FROM BEING PASSED TODAY.>>SENATOR, I HAVE ONE QUESTION. YOU TALK ABOUT THIS PRESIDENT NEEDING TO BE REELECTED. RIGHT NOW, WE KNOW THE TRADE WAR IS OBVIOUSLY HITTING CHINA MORE THAN IT’S HITTING AVERAGE AMERICANS, FOR THE AVERAGE AMERICAN IT’S GOING TO COST THEM ABOUT $400 THIS I DON’T REMEMBER. BUT WHAT IF THAT DOES UPTICK BEFORE 2020? WHAT THEN?>>YOU KNOW, IN MY STATE SOYBEAN FARMERS HAVE BEEN HURT REALLY BAD BY THIS TARIFFS. THEY’RE THE STRONGEST SUPPORTERS OF THIS STRATEGY AND HERE’S WHY. BECAUSE EVERYBODY SEES THE LONG-TERM REALITY OF A LEVEL PLAYING FIELD F WE GET A LEVEL PLAYING FIELD OUR EXPORTS GO UP DRAMATICALLY. AND YOU KNOW, GUYS, IF YOU WANT TO CONTINUE TO GROW THIS ECONOMY NORTH OF 3%, WHICH WE HAVE TO DO TO DEAL WITH THE DEBT, YOU’VE GOT TO GROW EXPORTS. AND THAT’S WHAT THIS PRESIDENT’S TRYING TO DO. LOOK, WE HAD UNLEVEL PLAYING FIELDS ON MOST OF OUR TRADE AGREEMENTS FOR THE LAST 50 YEARS. ACTUALLY, SINCE WORLD WAR II, BECAUSE WE WERE TRYING TO HELP THE THIRD WORLD DEVELOP. I LIVED IN ASIA. SENATOR DANES LIVED IN ASIA. THAT’S ONE REASON WHY WE’RE TRYING TO PLAY A SMALL PART IN HELPING THIS DIMENSIONAL RELATIONSHIP WITH CHINA. BUT THIS IS A LONG-STANDING ISSUE OF OUR OWN MAKING. DAGEN: SENSE R TORE, REALLY QUICKLY — SENATOR, REALLY QUICKLY, DO THE FARMERS NEED AND WILL THEY GET ANOTHER BAILOUT FROM THE FEDERAL GOVERNMENT? I THINK THERE HAVE BEEN TWO, NORTH OF $25 BILLION TOTAL, IF MY MATH IS RIGHT. DO YOU THINK MORE MONEY IS HEADED THEIR WAY?>>WELL, WE’LL SEE. I MEAN, THE BEST THING THAT COULD HAPPEN TO FARMERS IS THE COMMODITY PRICES WOULD REBOUND. WE HAVE THE LOWEST COMMODITY PRICES IN YEARS AND THAT’S REALLY DEVASTATING RIGHT NOW NOT ONLY IN THE SOUTHEAST BUT THE MIDWEST AS WELL. AS WELL AS CALIFORNIA. SO WE’LL SEE. I THINK THE PRESIDENT HAS MOVED JUDICIOUSLY SO FAR AND HE STANDS READY OF TO BACK OUR FARMERS. WE KNOW THIS IS A STRATEGIC INDUSTRY, OVER HALF THE GDP IN GEORGIA. THE PRESIDENT’S GOT HIS EYE ON THAT FOR SURE. MARIA: ALL RIGHT. WE’LL LEAVE IT THERE.

100 comments

  1. Throughout the trade dispute between the U.S. and China we have seen some outright lies, we have seen some miscommunications, we have watched things fall through the floor, we have watched as we were told one thing and then they were going behind the scene and doing something else. All of this has been to prolong while they were working things out behind the scenes. Right.

  2. There are long term problems that this trade war will produce that won’t change when it eventually ends.
    The soybean, agriculture and livestock markets are being scooped up by Australia and South America…those won’t be coming back to American farmers and ranchers. They are screwed long term.
    Companies that were producing big ticket items in China are now having to relocate to Vietnam, Indonesia and India….that means pouring money into new manufacturing plants, warehouses, transportation systems and employee training……lost profit that won’t be sent back to America.
    Trump doesn’t care. Trump’s worshipers don’t care. They pretend to be all about “America first “….yet, they got no problem f*cking over American farmers, ranchers and companies.
    Good job guys.

  3. China is get to big. It's time to take back the power. We need to make our own products and whatever else. No China no Democrats no gays. Back to old school. Bring God back in our country. Amen.

  4. THEY ARE A EVIL REGIME…… ASK THEM WHY THEY HAVE BEEN BUILDING A PORT IN THE BAHAMAS.?… WHERE THEY ARE REFUSING TO ALLOW US TO ENTER TO HELP. WHAT WERE THEY DOING THERE? DRUG TRAFFICKING ORGAN TRAFFICKING HUMAN TRAFFICKING? ARE PREPARING TO TRY TO INVADE US. WITH THE SWAMPS " THESE DEMOCRATS AND MEDIAS "HELP.
    AFTER ALL CHINA OWNS THEM ALL….

  5. IT IS TIME FOR THE GOVERNMENT TO BUILD THE LARGEST GRAIN STORAGE IN THE HISTORY OF 🇺🇸 TO STORE ALL THE GRAINS THEY BUY FROM THE 🚜 CALL IT THE STRATEGIC GRAIN STORAGE

  6. Better for China to make only 5 cents rather then lose 10 cents.

    If China were to buy more Made In U.S.A. they will soon tire of the cheap disposable Chinesium they are now forced to buy!

  7. I already know what going to happened. He going to tell his Trump supporters that he won. Just before the reelection. Which is a liar. Fox news is fake news anyways

  8. The Chinese goons giving it another try. Maybe if they quit lying, cheating and stealing, the trade talks would go a little smoother.

  9. China talking is good. They probably need to run away a couple more times before they learn our resolve is steadfast. They have been dishonest brokers far too long to just give it up. They want a weak president like Obama to manipulate.

  10. How to Commit Crime in 21st Century IC

    Now, it is public knowledge that the
    NSA, the FBI & the CIA collect & have been collecting for decades, everything they can about everyone in the world, including citizens of our US but nobody is supposed to look at the collected data without special authority. This is a 'generally speaking' statement.

    Imagine you are a writer/author of pulp fiction and you have access to the above 'raw intelligence '. Do you see how tempting it might be to cherry-pick certain specific events in a target's past and write a story, completely fictional, that fits in the framework of actual, real facts?
    This is what the Democrats, likely, did to Pres. Trump, utilizing Christopher Steele, a foreigner, to do the deed.
    Evidently, the Obama Admin (Clapper & Brennan), ILLEGALLY, gave 702 access of 'raw intelligence ' to Christopher Steele & other contractors prior to the composition of what was to be, the Steele Dossier!
    Then, incredibly, that dossier was used to retroactively authorize the initial spying!
    Does anybody, reading this, think they want to ever vote Democrat?

  11. Look at where America is at with Trump in office in just 3 years while getting stabbed in the back the whole time. Just imagine another 5 years with his last four with real Americans in Congress! We haven't even seen the tip of what we call winning yet!

  12. Shut down outside nation buying on ebay, legislate google on fair advertising, where you get the product advert that's from a company nearest yourself, if the product is $2 dearer, it still a huge contribution to your own country.

  13. Trump invited Taliban Terrorists to USA on the anniversary of 9/11. Republicans are all TRAITORS if they support Terrorist Trump.

  14. Bring back our jobs and our money!

    Tariff to 100% like India does for all imported items viewed as luxury!

    2020 King Trump! Long live the Trump Legacy
    2024, 2028, 2032, 2036, 2040, 2044, 2048

    Legacy take the U.S. beyond the Communist Mao's 100 yr. goal to take over the U.S. by 2045!

  15. Theres always an enemy.. Its geting old… From Russia Russia.. To Iraq Iraq, To Libya Libya To iran Iran to NK to Venezuela . Then China China China..

  16. I think there will be no deal, China always play in the edge.. Before Trump, US government will usually follow the deal but now Trump is also playing without any obedience, both sides do not believe each other..

  17. the talks will continue with tRump on his knees BEGGING the Chinese to lift their retaliation against his tariffs. The Chinese will most likely request one of those blow jobs that tRump always gives Putin.

  18. Fact: China already control half of the entire World and they have better infrastructure, Economy, Weapons and high tech than us( USA) in other words: is their time, we are history, we(USA) belong to the past!

  19. Even if an agreement gets signed, with the current mentality of the CCP, it will all be a delaying tactic till the Communist party gets another dem in power. They look nice in the meantime, and hope they can get enough idiots to go for Kamila Toes, or Liza Hontas?

  20. Keep in mind China is alowed to buy American companies but American always been banned from ownership of Chinese companies only as conowners

  21. At least 49 of Trump’s trademarks are up in 2020 and the estimated $1.5 million lease the Bank of China has with Trump Tower expires this October.

  22. China has essentially got rich from joining WTO which assumed
    that China would do business as clean as all other countries. This assumption
    was assumed by many naïve leaders in USA. But China  have followed the path of getting rich by cheating,
    stealing and using all kinds of tricks including making fake brand names, fake
    products and technology thefts.  This is
    opposite to the way that other countries such as USA, Japan, South Korean or
    European countries that have made them rich. 
    These countries got rich through the inventions and making of authentic
    products. Beijing leaders have used the money they made this way to buy leaders
    of poor countries setting up debt traps in these countries while solving the
    unemployment in China. Beijing leaders also use the other countries’ debts to
    take over their harbors and lands. They also use this money to established Confucius
    institutions around the world used for spreading bad Chinese characteristics
    including bullying, threatening, assimilation, social control etc. Chinese
    leaders will do whatever they can do, honorable or not, right or wrong, to get
    what they want. It does not matter whether the cat is black or white, as it
    catches mice, a quote made by Deng Xiaoping. All developed and advanced
    countries must unite to make China pay for what it has done including demanding
    China to significantly cutting down trade deficits and compensating all loss
    due to China ‘s thefts of intellectual properties.

  23. hey fellows, i have a sollution on this trade war, i know you guys have suffered from global trade and you want a fair play. how about raise same tariff on all countries? china will stop tariff either.

  24. Send a message! Do NOT buy Chinese goods. Especially after this. Items could be bugged, tampered with, or made to fall apart within a year so you buy the same product ALL OVER AGAIN and get ripped off each time. DO NOT BUY CHINA GOODS

  25. Long standing issues on our own making.
    China long issue. NAFTA long issue of trade/commerce. Now tariffs on these long issue's and shorten the long's until it disappears.

  26. Thanks to Pres.Trump that China has finally been exposed for the lying cheating thieves they are. China should never have been trusted and never made a favoured trading partner. They are real evil and finally Pres.Trump has nailed the bastards to the floor!

  27. Trade talks are cheap propaganda for the White House. Trumps very simple and often repeated tactic is intended to boast the stock market following a downward trading from Trump's action of cancelling another peace deal in Afghanistan and more large scale bombing in Iraq.

  28. The Red Chinese communist are using our open capitalist system against us. Capitalism only works with nations who are free, value liberty and fairness. Red China has exploited this, The weakness of Western capitalism is that a powerful totalitarian regime like Red China can send it's millions of millionnares around the world and buy out strategic lands and assets worldwide.. When a Red Chinese persons buys it, He's doing it for the country. When a westerner does it, it's 99% for individual means. Meaning that the Red Chinese use cash to invade and take over.. Dirty cash = bullets. Suitcase with 2million worth of banknotes = big artillery shells or missiles.. so all Red Chinese owned lands and assets are basically occupied territory. The soldier on the ground is the person running the Red Chinese owned cafe. The Cafe business operation = artillery or tank group. If Red China own enough of all the businesses or lands in any country. It's game over. Meaning non Chinese are serfs with nothing or no future. By this stage of domination and with enough Han Chinese population due to pressure from within. It's officially a Red Chinese state. Red China have mastered the art of economic warfare for a long time. They're economic imperialists and we'll become serfs to them if nothing is done asap. It's time for the West to set up military academies on how to fight economic warfare and Economic Imperialism.. Red China will show no mercy to individual minded and God believing people's. It's up to us alive now to do something…

  29. Good luck, freemarket rules agreed to by centrally planned communist economy. The PROBLEM is China is communist! That's NOT going to change soon. Eventually China will abandon communism as the looser scheme it is.

  30. China has already lost 30% of its production, they are not getting more orders for goods because companies are pout sourcing from vietnam and south america, alot of other countries produce textiles China doesnt have a monopoly on factories.

  31. China needs our pork ! Swine disease has wiped them out. Pork is a way of life in China. Once you get your 1st taste of Mc rib, you don't go back to eating fish heads,chicken feet and rice cakes! This should be great for the American producers ..seriously tho..also we need to get the MCA

  32. i support trump, trump for 2020.. never back down from communist. raise the bar higher. thank you trump making america better, america first.

  33. China has been ripping us off for billions  because of past weakness in leadership ..Even Mitt Romney told that crook BO that we cant just allow them to roll all over us …but Today is a new day ..NO MORE !! DT2O2O

  34. That's good If the talks resume. I just want fair trade. China is a rich country. And it's just time for them to pay there fair share. It still pissed me off if they stole technology. But what can you do every country steals technology. It's nothing new. But to rub it in our faces. Not good. Plus China needs to have a more social society. And open there boarders too More white people black people brown people. To be a world power. They are very much a segregated society. Chinese people are very polite and family oriented. There very good people. But China politicians needs to open there horizons if they want to compete in the world economy. It's healthy for countries to trade with each other. And I'm all for that. But I'm glad China is negotiating again. It's a good thing

  35. SO DAVID PERDUE WANTS THE 2020 POTUS TO CUT MEDICARE AND SOCIAL SECURITY TO PAY FOR TAX CUTS FOR THE RICH ("THE DEBT CRISIS") — THE SAME OLD REPUBLICAN LINE, WHICH THE VOTERS REJECTED IN 2016, AND WE'LL REJECT IT AGAIN IN 2020. EFFU PERDUE. Trump had better not even think about it, or he'll be out too. Sounds like Perdue wants someone else, though, to do the dirty work.

  36. We have our past Presidents to blame. Their poll numbers were so great. Their job of taking care of Americans…not so much.

  37. In glad to hear this. I am not one who worries about war with China over talks about trade. We have got to get on a more level playing field across the globe.

  38. i will negotiate with china as well as trump when i myself can help the worlds economy with my knowledge and gifts that i possess we can all sleep better and rest. i will do my job to my greatest capabilities to make sure our world economy doesn’t go into another recession trump is our president and captain i am a world leader that is open to china’s ideas and philosophies

  39. How many times is China gonna dangle a carrot and we put off increasing tariffs, then we get nothing after. How about refusing all Chinese ships and planes until they bring us an acceptable deal

  40. China Russia sy 50 50 % Russia Canada Amrica or Brazil sy trade kry yh mashwara hy es mai jo mazed working wo ap khod karlen

  41. Apparently they're looking at implementing a floating tariff pegged to the Yuan, so no matter how their currency is manipulated, the tariff auto adjusts, based on an economic formula so they gain absolutely nothing in terms of trade advantage, by currency manipulation. It's a no win for them. As a result, the US is in a stronger position than ever. The west should stop importing crap from China and bring the jobs home. The way things are currently heading, the west is fueling its own demise and historical irrelevance. Boosting jobs locally will set the stage for the grand plan for jobs growth into 2020.

  42. Who makes the thing China makes, no company in the USA? They make little thing, middle and large items. With the tariff war, america farmers are not selling soy bean. They are losing thousands and thousands of profit

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