that we're not actually addressing effectively the same is true of the world trade organization in the world trade organization that was a kind of one country one vote system but in fact in reality countries with larger economies have much more bargaining power and almost always get their way with smaller economy and can do very little to stop. the policies of their counterparts from being railroaded through and so again and again here we see a kind of a fundamental lack of sovereignty that global south nations have when it comes to determining their own economic policy is now i sense you are not very big fan of i don't know a chump and yet though one of his consistent grudges is against the world trade organization and numerous international institutions and he seems to be very unhappy that the imam he seems to be very unhappy that the existing aid paradigm as much as you may dislike him personally do you ever catch yourself agreeing with him so this isn't done from scratch it is really bizarre isn't it because. because he has been arguing about things like you know free trade agreeme

be the world trade organization now have a cetera are somehow bad for the united states unfair to the states and in fact the reality is completely the opposite the u.s. has benefited tremendously economically through the clout of the wheels of the world bank and the i.m.f. effectively giving of the power to impose structural adjustment on global south countries that are that it is in line it is with immense than a fit to american corporations now to has been a tremendous benefit similar to american corporations from fundamentally doesn't understand how these a these are useful tools of us imperialism in fact right so it's not clear to me what his gripe is i mean it's true that these institutions are deeply unfair but are not unfair to the u.s. they're unfair to the majority world to the global south and that's really the reason we need to reform them but regardless of how mr trump arrives at his conclusions do you thing him putting pressure on those existing international and that existing international framework the united nations the world bank the i.m.f. the w.t. all with very skew

might be the world trade organization i have a cetera are somehow bad for the united states unfair to the united states and in fact the reality is completely the opposite the u.s. has benefited tremendously economically through the clutter that it wields to the world bank and the i.m.f. effectively giving of the power to impose structural adjustment on global south countries that are that it is in line is where the men's benefit to american crew. versions enough to have been a tremendous benefit from or to american corporations so trying to fundamentally doesn't understand how these are these are useful tools of u.s. imperialism in fact so it's not clear to me what his growth is i mean it's true that these institutions are deeply unfair but they're not unfair to the u.s. they're unfair to the majority world to the global south and that's really the reason we need to reform them but regardless of how mr trump arrives at his conclusions do you thing him putting pressure on those existing international and out existing international framework the united nations the world bank the i.m.f.

might be the world trade organization the i.m.f. and cetera are somehow bad for the united states unfair to the states and in fact the reality is completely the opposite the u.s. has benefited tremendously economically through the clout of the wheels of the world bank and the i.m.f. effectively giving of the power to impose structural adjustment on global south countries that are that it is in line is where the men's benefit to american corporations enough to has been a tremendous benefit similar to american corporations are trying to fundamentally doesn't understand how these a these are useful tools of us imperialism of in fact right so it's not clear to me what his growth is i mean it's true that these institutions are deeply unfair but they're not unfair to the u.s. they're unfair to the majority world to the global south and that's really the reason we need to reform them but regardless of how mr trump arrives at his conclusions do you thing. him putting pressure on those existing international and out existing international fr

might be the world trade organization i have a cetera are somehow bad for the united states unfair to the united states and in fact the reality is completely the opposite the u.s. has benefited tremendously economically through the clutter that it wields to the world bank and the i.m.f. effectively giving of the power to impose structural adjustment on global south countries that are that it is in line is where the men's benefit to american corporations enough to has been a tremendous benefit similar to american corporations so trying fundamentally doesn't understand how these are these are useful tools of us imperialism of in fact right so it's not clear to me what his growth is i mean it's true that these institutions are deeply unfair but they're not unfair to the u.s. they're unfair to the mage. the world to the global south and that's really the reason we need to reform them but regardless of how mr trump arrives at his conclusions do you thing him putting pressure on those existing international and that existing international framework the united nations the world bank the i.m.

to trade with your opinion on world trade organization just as just as china the united states and indeed russia do today and the three biggest exporters to the european union are china russia and the united states that have trade agreements that his that is what i think. that is what i think we should do the government do it i don't know but the fact that this agreement this draft agreement will not get through the house of commons does give people an opportunity to have a second of it but there is a mass hysteria about not going out without an agreement and i think you mentioned some of the things in your question. so who knows what and who knows what's going to happen but i'll tell you i'm i'm i'm very pessimistic i'm a small pessimistic for the e.u. because the they don't gain anything they don't get anything very much by by humiliating a country that wants to leave. in the long term. in the short term makes their negotiating. thank you very much for your outlook and for your insights on whatever awaits britain. that's for this program we're talking to will and darkness number of euro

would continue that we would trade under world trade organization terms w w. just as just as six of the ten biggest exporters to the european union do eleven of the of the top twenty because they exported they were bringing you to the european you today so basically as i see it i'm present you just give an important point of view and i'll give you my opinion but later as i see it the british government and the british establishment and mrs and mrs mrs may have worked themselves up into his styria about so-called no deal which is so incredibly misleading as i just said in so doing they've allowed the european union to impose completely draco nian terms on the u.k. which won't last anyway which parliament will not let go through but no deal right of the people should go one thing to get there but the no deal which you believe is better than may's deal which is seen by many as the ultimate doomsday scenario with . other supplies running short flights grounded from your perspective how likely is this outcome at the current stage. well i mean the there is a consens

to trade with your opinion on world trade organization just as just as china the united states and indeed russia do today and the three biggest exporters to the european union china russia and the united states they don't have trade agreements that his that is what i think you do that is what i think we should do will the government do it i don't know but the fact that this agreement this draft agreement will not get through the house of commons does give people an opportunity to have a second of it but there is a must hysteria about not going out without an agreement and i think you mentioned some of the things in your question. so who knows who knows what's going to happen but i'll tell you i'm i'm very i'm very pessimistic i'm a small pessimistic for the e.u. because the they don't gain anything they don't get anything very much by by humiliating a country that wants to leave. in the long term. in the short term makes their negotiating. thank you very much for your outlook and for your insights on whatever awaits britain. that's for this program we're talking to us number of european p

china entered the world trade organization in 2001. and we ushered in this era of globalism, the hallmark of which is massive unfair trade practices that basically drain the lifeblood out of the u.s. economy. >> but the standard of living -- american standard of living has increased since then. americans have more consumer power. americans live at a higher level. and the manufacturing industry is more robust than it used to be. >> well, i would -- >> we just have fewer jobs in manufacturing here because of innovation. >> i don't know where to start on that, but, for example, you take the auto industry. employment is dramatically down on that, and the degree of foreign content in the cars we actually assemble here is high. we used to be a vertically integrated auto industry, where what we made, we assembled here. now that's not the case at all. >> but that sounds like a nostalgic view of a manufacturing economy, when we have automation. we have more productivity per worker. >> no, i'm all for automation, because with automation, you get

would continue that we would trade under world trade organization terms so-called w w. just as just as six of the ten biggest exporters to the european union do eleven of the of the top twenty because aig. exposure they were bringing you to the old to new today so basically as i see it i'm present you just give an important point of view and i'll give you my opinion but later as i see it the british government and the british establishment and. mrs may have worked themselves up into his styria about so-called no deal which is so incredibly misleading as i just said in so doing they have the european union to impose completely draco nian terms on the u.k. which won't last anyway which parliament will not let go through but in no deal of the people should go one thing to get there but the no deal which you believe is better than may's deal which is seen by many as the ultimate doomsday scenario with . and other supplies running short in flights grounded from your perspective how likely is this outcome at the current stage. well i mean that there is a consensus in the hous

would continue that we would trade under world trade organization terms so-called w w. just as just as six of the ten biggest exporters to the european union do eleven of the of the top twenty because they export of the we're bringing you to the european you today so basically as i see it i'm present you just give an important point of view and i'll give you my opinion but later as i see it the british government and the british establishment and mrs and mrs mrs may have worked themselves up into his styria about so-called no deal which is so incredibly misleading as i just said in so doing they've allowed the european union to impose completely draco nian terms on the u.k. which won't last anyway which parliament will not let go through but and no deal of the people should go one thing to get there but the no deal which you believe is better than may's deal which is seen by many as the ultimate doomsday scenario with . other supplies running short flights grounded from your perspective how likely is this outcome at the current stage. well i mean that there is a consens

grievances to court at the world trade organization in a remarkable development the u.s. has officially confirmed they wish to pursue cases in the w t o process against china as well as canada and the european union meanwhile the a you canada china russia mexico and norway have all given green lights to w t o litigation against the united states turkey is expected to follow suit soon earlier today the fight kicked off in geneva as u.s. ambassador dennis shay fired accusations of hypocrisy and abuse of the w t o china mr sharon. chinese counterpart shot back with a reminder that the u.s. is still not in compliance with a two thousand and four w t o ruling against the u.s. on intellectual property the irony of the issue is that intellectual property has topped the u.s. is list of grievances against china what a mess. and in other news on the continuing impact of trade conflicts on the global economy the organization for economic cooperation and development has lowered their growth projections for twenty nineteen citing trade tensions as a significant source of downside risk

trade organization and as we understand the sherpas the european sherpas managed to integrate that in the draft communique that is being said that is still being negotiated but apparently that part is already done so they try to give a little to preserve the order that the europeans have so much profited from in the past. the crimes go back to what one of the points that you made about all this this international turbulence of issues like yemen jamal khashoggi crimea if the g. twenty a forum where those sorts of issues can actually be sorted out it's not supposed to be the fact is that the g. twenty was a sort of a widening of the g. seven both of them created essentially to underpin the international economy to get international leaders talking about crucial economic issues and the actual topic of this summit was supposed to be fair and sustainable development that's one of the reasons it's taking place in latin america so no these these. news items that have come up in the past week are search. it's deflecting attention from crucial long term structural issues that absolutely need t

from the event, the head of the world trade organization told the bbc‘s daniel 6allas that global trade faces its biggest challenges in more than 70 yea rs. i would say it's the worst crisis not for the wto but for the whole multilateral trading system since 1947. this multilateral trading system since 19117. this is the moment when some very basic principles of the organisation, principles of cooperation, principles of nondiscrimination, are being challenged. the bbc‘s michelle fleury annemarie koori cup me earlier why this meeting is so crucial to america, china and asia as a whole —— and mariko oi. the administration has made a point of saying the relationship with trading with china is unfair. there are unhappy with this. you mix that with the message trump delivered during the election campaign and since he came to office, he promised to revive manufacturing and to stand up to revive manufacturing and to stand upfor to revive manufacturing and to stand up for american businesses —— they are unhappy. he's lucky, the timing comes when the us economy is doing well. 6dp comes

trade organization the very institution that u.s. tariffs seek to circumvent hundreds of billions of dollars in goods are now caught up in levies and countermeasures between the u.s. and china the u.s. started the fight hoping to lower their trade balance. but the measures have since ensnared global supply lines injecting uncertainty into global commerce and cutting into company balance sheets said. this is open war and trade will be an economic suicide for the whole world will move on. as this will do it but it is it will in the destruction of values and jobs will and i refuse to let that happen give it could it be and if there are only be losers in this economic war. it is unjustified it isn't justifiable and it is quite simply stupid. stupid for bringing the u.s. back to the table means reforming the w t o participants and that means that china whose economy has grown significantly since the mission needs to give a little. china has worn out from the w t o system and we call upon china to show leadership and to engage with us to r

mare's comments came at a conference on reforming the world trade organization the very institution that u.s. tariffs seek to circumvent hundreds of billions of dollars in goods are now caught up in levies and countermeasures between the u.s. and china the u.s. started the fight hoping to lower their trade balance. but the measures have since ensnared global supply lines injecting uncertainty into global commerce and cutting into company balance sheets said. this is open war and trade will be an economic suicide for the whole world. if this will do it but it is it will in the destruction of values and jobs and i refuse to let that happen and if there are only losers in this economic war. it is unjustified it isn't justifiable and it is quite simply stupid some primeau stupid bringing the us back to the table means reforming the w t o participants and that means that china was economy has grown significantly since the admission needs to give a little. china has won a lot from the w.h.o. system and we call upon china to show leadership and to engage with us to reform and to update this is

trade organization the very institution that u.s. tariffs seek to circumvent hundreds of billions of dollars in goods are now caught up in levies and countermeasures between the u.s. and china the u.s. started the fight hoping to lower their trade balance. but the measures have since ensnared global supply lines injecting uncertainty into global commerce and cutting into company balance sheets said. this is open war and trade will be an economic suicide for the whole world will remove. it's just will do it but it is it will in the destruction of values and jobs and i refuse to let that happen and there are only losers in this economic war. it is unjustified it isn't justifiable and it is quite simply stupid. stupid bringing the u.s. back to the table means reforming the w t o participants and that means that china was economy has grown significantly since the mission needs to give a little. china has worn out from the w t o system and we call upon china to show leadership and to engage with us to reform and to update the system anoth

trade organization the very institution that u.s. tariffs seek to circumvent hundreds of billions of dollars in goods are now caught up in levies and countermeasures between the u.s. and china the u.s. started the fight hoping to lower their trade balance. but the measures have since ensnared global supply lines injecting uncertainty into global commerce and cutting into company balance sheets said. this is open war and trade will be an economic suicide for the whole world will move on. as this will do it but it is it will in the destruction of values and jobs and i refuse to let that happen give it could it be and if there are only be losers in this economic war. it is unjustified it isn't justifiable and it is quite simply stupid. stupid bringing the u.s. back to the table means reforming the w t o participants and that means that china has economy has grown significantly since the admission needs to give a little. china has worn a lot from the w.h.o. system and we call upon china to show leadership and to engage with us to reform

trade organization the very institution that u.s. tariffs seek to circumvent hundreds of billions of dollars in goods are now caught up in levies and countermeasures between the u.s. and china the u.s. started the fight hoping to lower their trade balance. but the measures have since ensnared global supply lines injecting uncertainty into global commerce and cutting into company balance sheets said. this is open war and trade will be an economic suicide for the whole world will remove. as this will do it but it is a will in the destruction of values and jobs and i refuse to let that happen and if there are only losers in this economic war. it is unjustified it isn't justifiable and it is quite simply stupid. stupid bringing the u.s. back to the table means reforming the w t o participants and that means that china whose economy has grown significantly since w t o admission needs to give a little. china has one from the w t o system and we call upon china to show leadership and to engage with us to reform and to update the system anot

trade organization. pence and chinese president xi jinping exchange jobs and remarks saturday criticizing the trump administration america first policies. pen saying the u.s. will not change course until china changes its ways. the vice president referring to the $250 billion for the terrorists levied by the u.s. against chinese goods earlier this year. pence reiterating the position of president trombley's america has been routinely taken advantage of by china. moving forward, vice president mike pence and president trump will be meeting on the sidelines of the g20 summit in argentina later this month. just a side note there, air, vice president pence likely expected to stay in the united states what will just be president trump and chinese president xi jinping in argentina to address these trade issues later this month. eric: will see what comes out of that. arthel: that does it for us. thank you for joining us. eric: greg gutfeld is next with his show and both of us will see you next week. ♪ ♪ the

trade organization is irrelevant? i do think that the challenges around the doha negotiation have given the impression that the organisation doesn't work. i would argue that it doesn't work. i would argue that it does work. i think members have to decide, what kind of organisation do they want? does everything need to bea they want? does everything need to be a big round, or can some members go off as a group and decide to try to advance discussions on issues that they think are important. now, this is not something you see every day. a huge drone that can wash buildings and put out fires is being developed in latvia. the company behind the technology says it can clea n behind the technology says it can clean buildings twiggy times faster than humans and fly higher than the latter is used by firefighters. let's ta ke latter is used by firefighters. let's take a look. —— ladder. -- 20 —— 20 times faster. faster, better connectivity, we will have better live streaming because all so, from distance, we will be ab

world trade organization was a major sticking point. prime minister peter o'neill of new guinea pushed back saying the issue to be addressed at the world trade organization. this is pence and chinese president xi jinping where they exchanged jabs where xi jinping criticized the trump administration's america first policies. the vice president referring to the $250 billion worth of tariffs levied against chinese goods. '. >> we have great respect for president xi and great respect for china. but in the president's words, china has taken advantage of the united states for many many years. and those days are over. reporter: president trump and chinese president xi jinping are set to meet on the sidelines in argentina it's seen as an opportunity for the two leaders to work out their differences in a growing trade war between china and the united states. arthel: we'll bring in christian' whiton. in terms of allies in the commitment to the region. who had the better presentation. president pence and president xi. what are our allies look for

we'll not use the world trade organization. we're not going to let you get away with this. >> what is terrific, sort of all of the above. they're leveling the criminal charges. this isn't the fir time. there are several cases out there now, which is incredibly important because american voters, probably don't really understand the extent of the fact that china really is stealing visibly, not juts hacking, not just sort of untraceable events that take place, there are people embedded in companies and their state-owned companies trying to take advantage of our technology. americans need to know why the tariffs, why this trade war is going on. i think think this kind of act activity makes it clear. charles: james? >> i should say i don't agree with the president that xi xinping is good guy, a nice guy, he being too nice and diplomatic the president often is. i think it is nice they are focused on targeting action against the problem which is chinese theft of intellectual property, chinese lawlessness. that is much better than pick

has gone about dealing with this dispute essentially because they see it as undermining the world trade organization and the rule. based international order there is a dispute resolution process within the w.t. how china has even resorted to it interestingly enough china used to really disregard that system and there's a feeling that i his attacks on the w t o donald trump has worked to undermine the credibility of this very important organization if that rules based trade system goes away we will get back to something resembling a lot of the strongest and that is very very problematic. hoffman. a sort of britain that i'm guessing the british prime minister recently is going to have a busy time there looking for countries. to trade deals after breakfast. going to have a busy time with that and argentina could be a perfect partner because you know is also looking to get out of their economic slump slump with trade but they have this little problem the u.k. and argentina it's called the falkland islands which are u.k. territory but argentina for a long time has said we want them back it's

the world trade organization in 2001 violated every single principle of the world trade organization. the one deal we made with them after mar-a-lago the one subsequent deal to buy more american beef, where's the beef? where's the beef? the game that china has played, and they have played people in the bush administration like a violin. it's a tap dance of economic dialogue. that's all that want to do. they want to get us to the bargaining table, sound reasonable and talk their way while they keep having their way with us. i mean look, here is all you need to know when you think about the prospect of a deal. we had a high-ranking member of the chinese government agree with barack obama on two things back in 2015, two things. the chinese officials agreed to no militarization of the south china sea. within two years those artificial islands were armed to the teeth. the second thing that official agreed to was to stop hacking american businesses. the weird thing about that, remember watching that press conference and i watch president obama joke about the fact that he wasn't going to cra

trade organization, and evicting the country from the wto is an option. we never really envisioned the country would enter the wto and then behaved the way china has. they have... it's well documented the intellectual property theft is a major concern to the uk, the eu, the us. we estimate $300 billion or $500 billion of theft from the us, that's kind of a new thing for the wto, to have a member misbehaving so much. i guess the question is, can we fix that with the bilateral negotiation with china? that with the bilateral negotiation with china ? if that with the bilateral negotiation with china? if not, can we fix that with china? if not, can we fix that with reform to the wto? if not, should we pursue evicting china from the wto? these are all things being studied and considered. continued trade tensions with china and the us. let's catch up with a smart phone maker in india from china setting up stores in rural areas by the end of the year. let's go to by and we're joined areas by the end of the year. let's go to by and we'rejoined by areas by the end

trade organization was a major sticking point. vice president mike pence on behalf of the united states asked leaders to denounce organization and asked for reform, pushed back against idea saying it was an issue that should be addressed at at the world trade organization, pence and chinese president xi jinping exchanged jabs where jinping criticized america first policy and u.s. says america will not change course. $25 billion worth of tariffs levied against the u.s. against chinese goods earlier this year, i want you to take a listen to what vice president mike pence said there in new guinea. >> we have great respect for xi and great respect for china but in the president's words, china has taken advantage of the united states for many, many years and those days are over. >> the tension between china and the united states expected to play out later this month at the g20 summit in argentina both president trump and chinese xi jinping. leland: get the popcorn ready. a lot of news coming your way. chris wallace. i landed. i saw my

trade organization in a remarkable development the u.s. has officially confirmed they wish to pursue cases in the w t o process against china as well as canada and the european union meanwhile the e.u. canada china russia mexico and norway have all given green lights. two w t o litigation against the united states turkey is expected to follow suit soon earlier today the fight kicked off in geneva as u.s. ambassador dennis shay fired accusations of hypocrisy and abuse of the w t o china mr xi. chinese counterpart shot back with a reminder that the u.s. is still not in compliance with a two thousand and four w t o ruling against the u.s. on intellectual property the irony of the issue is that intellectual property has topped the u.s. is list of grievances against china what a mess. and in other news on the continuing impact of trade conflicts on the global economy the organization for economic cooperation and development has lowered their growth projections for twenty nineteen citing trade tensions as a significant source of downside risk to

trade organization on the other and unfortunately the united states the world's most powerful country and economy is source of a lot of that friction and certainly the source of an impulse to move toward nationalist bilateralism rather than multilateralism and yet as i say many of the crisis that we face today will not be dealt with if we try to do it by latter you know the u.s. president on from probably disagree with you or many of those points here right at the g. twenty summit today with a new trade deal between the u.s. mexico and canada signed sealed and delivered the new treaty replaces nafta which trump blame for the loss of industrial jobs in america. you know many going to north in north america we understand very clearly that it society's prosperity will be greater and will be deeply rooted if it's based in the prosperity of the region as a whole. in short this is a model agreement that changes the trade landscape forever and this is an agreement that first and foremost benefits working people something of great importance to all three of us here today make no mistake we wi

trade organization rules which bring in quite high tariffs on many goods. between between the britain and outside and the european union on one side and would cause economic chaos the markets would go crazy. the other the other alternative is that the e.u. that has some kind of emergency extension of arrangements with britain which allows it to stay in while it forms a new governments to try and sort out the situation of to reason is government falling and perhaps having to call. a general election and that would very much depend upon the powers in brussels and the european union powers to help britain avoid a hard break. so you were still remains to be seen if if that will indeed be avoided we will have to see david shorter joining us tonight from washington david thank you very much good to have your insights as always thank. you. what china is pushing back against claims that it could one day pose a security threat to the european union the foreign ministry spokeswoman in beijing today said that china quote has never posed any threat to europe or europea

trade organization rules because you can ask me about that a little bit later on what happens if it doesn't go through that first time around well it be the fall off to resume well. you know you asked me was going to have the british house of commons so basically this is just a prediction but if he doesn't go through the first time round they can bring it up a second time and it might have a shot a getting through a second time but there would have to be someone.

trade organization rules which bring in quite high tariffs. many goods. between between the brits and outside and the european union on one side and would cause economic chaos the markets would go crazy. the other the other alternative is that the e.u. that has some kind of emergency extension of arrangements with britain which allows it to stay in while it forms a new governments to try and sort out the situation of to reason is government falling and perhaps having to call. a general election and that would very much depend upon the powers in brussels and the european union powers to help britain avoid a hard break. so you were still remains to be seen if if that briggs it will indeed be avoided we will have does the david charter joining is just it's from washington david thank you very much it's good to have your insights as always thank. you. what china is pushing back against claims that it could one day pose a security threat to the european union the foreign ministry spokeswoman in beijing today said that china quote has never posed an

by the world trade organization but as you know the trumpet ministration has been working to undermine the w t o directly and indirectly and the issues of protectionism and potentially escalating trade wars are very much still on the table including potentially between germany and the u.s. going to get to that in just a bit i want to jump in and talk about of the meeting that was missed by all america and donald trump today because of the planes problems and the chancellor's later arrival still expected. how much would that affect the push that the e.u. wants to put forward right now to convince the american presidents not just on the back roads money will mccrone the presence of france as well those two also missed a meeting how important is the european push with donald trump and can he be convinced can he change his mind well i think. certainly for both germany and europe it's very important indeed as you know there's been conceived a continuing concern here in germany that the trump administration might be getting ready to put trade penalties on german cars on the import of cars fr

grievances to court at the world trade organization in a remarkable development the u.s. has officially confirmed they wish to pursue cases in the w t o process against china as well as canada and the european union meanwhile the a you canada china russia mexico and norway have all given green lights to w t o litigation against the united states turkey is expected to follow suit soon earlier today the fight kicked off in geneva as u.s. ambassador dennis shay fired accusations of hypocrisy and abuse of the w t o china mr xi. chinese counterpart shot back with a reminder that the u.s. is still not in compliance with a two thousand and four w t o ruling against the u.s. on intellectual property the irony.

trade organization in a remarkable development the u.s. has officially confirmed they wish to pursue cases in the w t o process against china as well as canada and the european union meanwhile the e.u. canada china russia mexico and norway have all given green lights to w t o litigation against the united states turkey is expected to follow suit soon earlier today the fight kicked off in geneva as u.s. ambassador dennis shay fired accusations of hypocrisy and abuse of the w t o china mr xi. chinese counterpart shot back with a reminder that the u.s. is still not in compliance with a two thousand and four w t o ruling against the u.s. on intellectual property the irony of the issue is that intellect. property has topped the u.s. is list of grievances against china what a mess. and in other news on the continuing impact of trade conflicts on the global economy the organization for economic cooperation and development has lowered their growth projections for twenty nineteen citing trade tensions as a significant source of downside risk to glo

trade organization rules which bring in quite high tariffs. many goods. between between the brits and outside and the european union on one side and would cause economic chaos the markets would go crazy. the other the other alternative is that the e.u. that has some kind of emergency extension of arrangements with britain which allows it to stay in while it forms a new governments to try and sort out the situation of the reason why it's government falling and perhaps having to call a general election and that would very much depend upon the powers in brussels and the european union powers to help britain avoid a hard break. so you were still remains to be seen if if that breaks it will indeed be avoided we will have to see david shorter joining us tonight from washington david thank you very much it's good to have your insights as always thank. you. what china is pushing back against claims that it could one day pose a security threat to the european union the foreign ministry spokeswoman in beijing today said that china quote has never posed

trade organization both the first ministers of wales and scotland made clear to the prime minister that participation in the customs union to protect the economy and jobs was essential likewise mr speaker there is no ambition to achieve continuation of the european wide arrest warrant or an equivalent a no clarity about our status with europol euro just or even the galileo project and there is no clarity about any future immigration system between the u.k. and the you and following the wind rushed scandal many e.u. nationals here would have no confidence no confident. the jury in this government to deliver a fair and efficient system and the brakes it secretary promised a substantial document he's obviously no longer here so can the prime minister inform the house when that detailed framework agreement will be with us mr speaker this is not the deal the country was promised and parliament cannot and i believe will not accept a false choice between this bad deal and no two year. people around the country will be feeling anxious this morning about the industries they work in the jobs they

trade organization rules which bring in quite high tyrus. many goods. between between the brits and outside and the european union on one side and would cause economic chaos the markets would go crazy. the other the other alternative is that the e.u. that has some kind of emergency extension of arrangements with britain which allows it to stay in while it forms a new governments to try and sort out the situation off to reason is government falling and perhaps having to call a general election and that would very much depend upon the powers in brussels and the european union powers to help britain avoid a hard break. so it. remains to be seen if that will indeed be avoided we will have to see david shorter joining us tonight from washington david thank you very much it's good to have your insights as always thank. you. what china is pushing back against claims that it could one day pose a security threat to the european union the foreign ministry spokeswoman in beijing today said that china quote has never posed any threat to europe or europe

trade organization. and that there is an escalating trade tariff war with china that can become more than that. deeper economic tension. my question to you is how does geopoliticsate the of trade. this could create some opportunities, u.s. china tension could produce a restructured of change. some of these companies may decide to operate in mexico. people have talked about diversification. the fact is that 80% of mexican exports still come to the united states. ? what can mexico do? >> believing in a rule-based trade andh respect to investment does not only relate to the united states but every country. we have a very concentrated economic relation with the united states be at we are a very open economy. over 40 trade agreements with -- all of the world because we believe that that is the best way to remain a competitive and attractive destiny for investment, trade, we will continue to do that irrespective of what the united states does. there is concern. --hink the discussion or in something a little bi

comments came at a conference on reforming the world trade organization the very institution that u.s. tariffs seek to circumvent hundreds of billions of dollars in goods are now caught up in levies and countermeasures between the u.s. and china the u.s. started the fight hoping to lower their trade balance. but the measures have since ensnared global supply lines injecting uncertainty into global commerce and cutting into company balance sheets said. this is open war and trade will be an economic suicide for the whole world will have moved on cue it's just don't know what it is it will in the destruction of values and jobs will and i refuse to let that happen give it could it be and if there are only the losers in this economic war. it is unjustified it isn't justifiable and it is quite simply stupid. stupid bringing the us back to the table means reforming the w t o participants and that means that china has economy has grown significantly since w t o admission needs to give a little. china has worn a lot from the w.h.o. system and we call upon china to show leadership and to engage

trade organization rules which bring in quite high tariffs. many goods. between between the brits and outside and the european union on one side and would cause economic chaos the markets would go crazy. the other the other alternative is that the e.u. that has some kind of emergency extension of arrangements with britain which allows it to stay in while it forms a new governments to try and sort out the situation off to reason is government falling and perhaps having to call. a general election and that would very much depend upon the powers in brussels and the european union powers to help britain avoid a hard break. so if you were still remains to be seen if that will indeed be avoided we will have to see david charter joining us janani from washington david thank you very much it's good to have your insights as always. thank. you. what china is pushing back against claims that it could one day pose a security threat to the european union the foreign ministry spokeswoman in beijing today said that china quote has never posed any threat to e

trade organization. i think that was the right step, but i think that there is also growing opinions that china must play better by the rules that the wto implies. there is concern about intellectual property. there is concern about other trade practices, and those ink steed to be openly. mexico itself, we have trade relationship with china for about $70 billion. we export 5 billion and export around an important event 65. yes, there is opportunity and we are open to trade, and will open i think that there was recently a press release with respect to that by mexico's foreign minister. we are open. we value the relationship with china but in the end we need to make sure our -- [inaudible] >> thank you so much. >> i will take the conversation to the many other dimensions, security border, immigration but actually doing to ask one question about the future and e new deal, perhaps directed to you, ambassador wayne. so the negotiations, the deals are to lascaux they are to enable investment and decisions that

this time they could not agree on everything from global trade to the world trade organization and the belt and road nitiative. >> mankind has reached a crossroads. which direction should we choose? cooperation or confrontation? openness or closing one -- one's door? the interest of all countries and the future of mankind hinges n the choices we make. >> the united states will not change course until china makes it clear. not designed for any political agenda. >> now that the united states ffers a better option. we don't drown our partners in debt, course or compromise your independence. the u.s. deals openly, fairly. we do not offer a constricting or a one-way road. when you partner with us, we partner with you. we all prosper. >> they did not only just trade barbs, that traded failed pitches to the other 19 apec nations. the prime minister of singapore actually said apec nations at some point are going to have to choose between china or the united states. that's where we have gotten to. mike pence pretty much put a line under the underline, if you will. that is saying we're not going

and the, by bringing china into world trade organization, the rule of law would start to develop in china. there would be a convergence of economic laws and multinationals would be able to capture and theire in china relationship would become more balanced and mutually beneficial. the point that the book makes is that that has not happened and that it has failed. there was a lot of naivety going on among western leaders at the time that was hubris after the collapse of the soviet union. there is general belief that anyone given the choice would move toward free-market liberal norms. this was a gross miscalculation at the time. combinationhat, the of the deflation retread policy, letting 650 million low-cost workers in to global trading -- rishaad: that is what we are suffering now. it.e are still fighting if you sit here in 2000 and said the federal reserve will triple the size of their balance sheet, we will have averaged negative nor .7d funds rate minus .5% for 17 years, oh, and by the way, the fed will miss its inflation target, everyone would have laughed at you. but that is wh

he called for a stronger world trade organization and defended the belt and road initiative. very different opinions coming from mike pence and xi jinping. at the end of the day, they did not come up with a communication, because of u.s. officials have told bloomberg the chinese rejected a reference to "all unfair trade practices." the other 20 nations apparently agreed to that language, the chinese did not. >> nissan looking to remove its chairman this thursday, after he was arrested in tokyo for breaching financial laws. nissan has underreported income. >> they have come out and said they would look to oust him as chairman from the board of both of those companies. he has not necessarily gone as far. ghosn exiting the picture scrambles the outlook for this combination of these companies. he was so key to these three and was really the face of the franchise. >> in an industry where optimism and bullishness are built into the dna, doubts now starting to seep in about faang stocks. this is a testament of all these stocks. >> it seems like all of it. what initiated the selling

not be getting most favored nation status at the world trade organization, they're still considered emerging economy and skirting regulation. maria: exactly. kevin: if you have the europeans aligned with americans that's going to be saying something. this goes back to what you're talking about, if we get growth, the dollar will get stronger and the fed will raise interest rate, inflation is going up. so the stronger dollar i see is one of the biggest impediments. maria: are you selling into this rally? >> this morning we will be selling. it's been a long month this week, right, from monday's low to open, 10% move for nasdaq, i'm not bearish, we need to break down like we did, we do bounce, i hope we make higher lows, at tend of the day we were up 10% from monday now through friday. i think you power -- in case you have to go back or midterm elections don't go the way people think it's going to go or china talks don't go the way we think they will go. maria: sell into strength. i like that. [laughter] maria: let's talk jobs for a second, the october job's report out in 2 hours, 8:30

he called for a stronger world trade organization and defended at the end of the day, they did not come up with a communique because u.s. officials have told bloomberg the chinese rejected a reference to "all unfair trade practices." the other 20 nations apparently agreed to that language, the chinese did not. alix: nissan looking to remove alex ghosn as chairman this thursday, after he was arrested in tokyo for breaching financial laws. nissan has underreported income. >> they have come out and said they would look to oust him as chairman from the board of both of those companies. renault has not necessarily gone so far. ghosn exiting the picture scrambles the outlook for this combination of these companies. he was so key to these three and was really the face of the franchise. >> in an industry where optimism and bullishness are built into the dna, doubts now starting to seep in about faang stocks. is this just market pessimism over all of these stocks? >> it seems like it. what initiated the selling today was the news over apple. there was a report at the wall street journal saying t

the world trade organization is a major sticking point. china's president criticized the trump administration's america first policies. after levies against chinese goods but vice president mike pence shot back saying president trump believes america has been routinely taken advantage of by china. >> we have great respect for the president and great respect for china. but in the president's words, china is taking advantage of the united states for many years. and those days are over. >> now president trump and the chinese president will need that g-20 summit later on this month. theleting could potentially lead to solutions in -- the meeting could potentially lead it solutions in the trade war. >>> a holiday tradition is going digital. why the smoke from butte county caused a holiday drive in san francisco to change how it collects donations. >> and our chief meteorologist bill martin will have the complete bay area forecast in a moment. moment. so, let's talk about conference calls. there's always a certain amount of fumbling. a lot of ti

he called for a stronger world trade organization and defended the belt and road initiative. opinions coming from mike pence and xi jinping. at the end of the day, they did not come up with a communication, because of u.s. officials have told bloomberg the chinese rejected a reference trade practices." the other 20 nations apparently agreed to that language, the chinese did not. nissan looking to remove its chairman this thursday, after he was arrested in tokyo for breaching financial laws. has underreported income. >> they have come out and said they would look to oust him as chairman from the board of both of those companies. he has not necessarily gone as far. ghosn exiting the picture scrambles the outlook for this combination of these companies. three andkey to these was really the face of the franchise. where optimismry and bullishness are built into the dna, doubts now starting to seep in about faang stocks. this is a testament of all these stocks. >> it seems like all of it. wall street journal saying they had halted production over the past couple weeks. >> a really