tv Bloomberg Markets Balance of Power Bloomberg July 31, 2018 12:00pm-1:00pm EDT
markets balance of power. sheri: bloomberg learns the u.s. and china are trying to restart talks. global markets moving higher. then president trump takes on the koch brothers, saying powerful republican donors are against strong borders and powerful trade. how will the fallout shakeup the midterm? and jury selection begins in paul menard for's trial -- paul manfort's trial. talk. according to a bloomberg scope, china and the u.s. are trying to restart the conversations, possibly avoiding
a full-blown trade war. this comes as there were private conversations on the matter ahead of the next wave of tariff s set for this week. news welcome our bloomberg trade reporter from washington. anything agreed so far? >> nothing agreed so far, and i would note this is also still under discussion among the cabinet in the u.s. we are talking about really the logistics of who will talk to who, when will we talk, where we need to talk? nothing has been decided. is will thetion president of the united states of the united states and president of china get involved? because we are at the point where it needs to go to the highest level if talks are supposed to move forward and overt full-blown trade war, and these are the questions being discussed in the u.s. cabinet right now. david: is there any suggestion of that ultimate summit?
it appears the president likes to negotiate that way. cease-fire another pushing toward the deal. jenny: i would say it is different when you look at the eu versus china because trump does get a lot of pressure from capitol hill when hitting allies with tariffs because they are really, according to lawmakers, there is no point in hitting them with national security grounded tariffs. versus on the china side, a lot of lawmakers do agree, and businesses, too, that china is a beblem, so china needs to dealt with in a different way, and we know the president has a problem with the trade deficit in that one of his goals is to lower that. andhe u.s. imposes tariffs china does this same, we will keep the status quo, and that is a problem for the president of united states. sheri: investors seem to be
reacting to the news there could be some progress in china-u.s. talks, but what about nafta? that would be going in a different direction, especially with canada. jenny: we have heard from the trump administration consistently now that the talks with mexico our father along. the u.s. traded representative tell senate committee that he thinks a deal with mexico will come along in the next month, and that canada, as a result of that, will come along. we have heard from many cabinet officials that canada is not willing to concede as much and that he had not made the same compromises as the u.s. and mexico. so this is playing itself out now. this week, we are seeing the mexicans are coming back here to trhington to talk with u.s. about moving the ball forward and the canadians are not here,
so this is a consistent pattern we have seen the trump administration of bashing canada. david: jenny, thank you. that is jenny leonard. let's get a check on markets. abigail? abigail: the bulls are out today, look at the knee-jerk averages. the best day of not most a week with the dow, s&p 500 and nasdaq at or near session highs. look at the nasdaq, up .9. this after the big three-day selloff, driven by technology shares, and bank stocks, but today, investors are looking past that, buying up tech shares. the same is true of dow transports. in part on that bloomberg school you were discussing -- scoop you were discussing on u.s. and china starting talks up, union pacific, the railroad, and expediters, a logistics company, with a nice rally. investors positive that perhaps
trade tensions will ease. the big story has been technology. today, we see a bounceback. if we go into the bloomberg that the first time, this is amazing. this is the pe, every shoe of the pe on the tech index of the s&p 500 to the s&p 500 broader pe. we see per almost the last decade, tech has been trading at a discount to the broader markets, which is extraordinary considering tech has been on a tear. last year, it traded at a premium. this year very much so as it took off. even after the recent tech wreck, technology is trading at a higher premium to the broader markets. it will be interesting to see after the bell once apple reports if that remains or if we go into a discount. some of the movers helping out the nasdaq today and the tech 10%, theuncing back, best day since 2015 after a solid quarter, qualcomm up after
abandoning a bid. last week today, they started their buyback, $10 billion. and a genetics company also soaring up 10%, shares up 46% this year, predicting positives.ry these are some of the winners on the day. sheri: thank you for that. coming up, president trump calls billionaire koch brothers a total joke. we have more on what sparked the explosive name-calling. this is bloomberg. ♪
return to mark crumpton. in alexandria, virginia, jury selection is underway in the trial of trump's former campaign manager, paul manafort. it is the first test in robert mueller's investigation in russian meddling in the 2016 election. he is accused of tax and bank fraud related to many made well working for the former president of ukraine. say 10nia authorities states have sent personnel to help battle the 17 wildfires burning across the state and another six states will send resources this week. the out-of-state fire crews will relieve firefighters from california, who have been working nonstop for two weeks. officials say the largest of the blazes near redding, california, is 30 percent contained after scorching more than 170 square miles. china, they will continue
deleveraging at a measured pace. the official chinese news agency said the government will try to curb the increase in housing prices and promote structural reform in the second half of the year. for the first time, it a hindu has been elected to a general seat in pakistan's parliament. addresshe plans to poverty and women's rights issues after taking his place in the national assembly. religious minorities have long faced discrimination in pakistan, a conservative country with the sunni muslim majority, and they have been a frequent target of religious extremists. global news 24 hours a day on-air, and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. david: thanks. the battle of them in terms to can you turn when the koch
network, which had supported president trump like things would -- supported president trump on things like tax cuts, on with heidi heitkamp. take us through with what this could mean for the globalists saw brothers -- i never this before because i do not need their money or bad ideas, and the president goes on. to take us through what this means in the midterms, we are joined by -- kevin mclaughlin and steve mcmahon. thank you for being with us from washington, d.c. does this mean with anything for divisions among republican support for the midterms? >> i don't think so. theyoch brothers announced would look at supporting democrat candidates and they put their money where their mouth was already.
you know, the kochs -- i worked on a 14 cycle in a 14 cycle in the 16 cycle, and they are active on the 14 cycle and not the 16th cycle, so it would be nice to have it, if i was running the nrsc, but i don't know how much effect it will have. david: steve, are you happy to goinghe koch brothers against the president? steve: i think this is the beginning of the republican party, the stream republican party, standing up to president , beginning with free trade, which republican support and the president doesn't. he has started trade wars all over the world, and attacks on institutions republicans have supported like law-enforcement and the fbi. the koch brothers speak for many. they generally put tens of millions and sometimes hundreds of millions of dollars into
campaigns republicans. if they are going to make an evaluation based on who supports the ideals and principles they believe, i think the trump and the party will not do well, and the chamber of commerce wing will do better. shery: will democrats be able to capitalize on these >> and fallouts with the koch brothers? -- cracks and fallouts with the koch brothers? >> if you have millions of dollars taken off the field if you are a democrat, that is a good thing. heidi heitkamp is running a different race, but having the koch brothers take their money and go somewhere else is good for her. happens with other senators, it is a really good thing for democrats. i certainly hope the koch brothers followthrough and take their money off the field in some places. shery: we were just talking to our trade reporter, and she was telling us how the
administration has continued to bash canada, and we are hearing the are frozen out of trade talks. these are big distractions. i wonder what president trump has to gain by bashing allies and getting all of these trade disputes on the table heading into the midterms? >> i think one of the things you can say positive about president trump is he has his finger on the polls of a lot of mainstream americansf mainstream whatever you want to call them. he taps into a sentiment when he does these things that he stands up. i am for minnesota. people see him stand up and say these things and say, finally, someone is standing up for america, even when they do not agree with policies they are implementing. one of the craziest things i have seen this how many people will said do not like the policies, but i like he is doing it. it could hurt me, that i still like he's doing it. i think president trump sees this as a way to rally up his race, and the terms are based on
elections, and he is hoping to get those folks out to vote for those candidates, and it is not the way i would go about it but he is the president. who in my -- who am i? >> that was a very good spin, kevin, but what you are looking the president space, which is 35%, is not enough to win most elections. if you look at nonwhites college voters, who were the people who moved from supporting obama twice and supporting trump, he has dropped a lot of this people in the past month. a lot of them are from states you mentioned, nebraska, other places in the middle of the country feeling the effects of the trade wars, and it is not going to be pleasant for republicans who support trump if they support the straight wars. david: how do you feel about shutting down the government? >> i do not like it at all. [laughter] david: typically, when
republicans shut down the government, it hasn't worked well for them. >> we always get the blame for it. we could sit here and make the argument all the ones, whatever it is, we will get argument.you heard leader mcconnell say we will not shut down the government. the house has said we not shut down the government. i think the president says these grandiose statements when he is working on negotiations.at the end of the day, he is a negotiator and will try to play as what he sees as an endgame from the get-go. it has happened every single time he has made a policy statement like this. david: so that grandiosity, as kevin calls it, has worked pretty well in his base, but what good is it to marshaling the democratic base? to what extent will they run against president trump come november? >> that is exactly what you will see. kevin said midterm elections are about getting out your base vote. i think that is right to appoint, but at the end of the
day, the deciders, as george w. bush used to say, are the swing voters, who frankly, sometimes vote democrat or republican. those deciders, it looks like, are deciding democratic, and if they are women deciders, watch out the kids they are not voting for republicans and trump lovers but for people taking trump on. shery: on that note, we are now expected to see president trump headed to florida this afternoon to stump for governor rick scott. year, her earlier this was not keen on associating himself with the president. at the end of the day, it is a calculation for candidates, and is it still better to stick with the president? primary, ande a rick scott doesn't have a primary, but he does have that delayed primary in florida, so there might be consideration there. also, a be at the same time, he sees no downside because he doesn't have a primary. it is always an individual decision for your candidate who
you have come and stump for you. the president realize that when he was running for office in 2016 and said, i get it. people will not want the places. tell me where you want to me, and i will go there. i think some candidates one tim and some do not. at the end of the day, -- i think some candidates want him, and some do not. at the end of the day, you need to turn out your boat. it is a turnout election and midterms, and steve is right, you have to talk to them. they are a tough person to reach right now. they are very segmented and they have a lot of different beliefs and reaction to what is going on in washington now. david: many thanks to steve mcmahon and democratic strategist kevin mclaughlin from cogent strategies. whatever that augments. breaking news -- whatever that meant. breaking news, john kelly, one person has said he has been
this is bloomberg markets: balance of power. i am david westin. shery: i am shery ahn. u.s. intelligence agencies are reportedly seen signs of north korea building missiles. ofpons that are capable reaching the u.s. mainland. all of this according to the washington post. trump'spite president assertions that north korea is no longer a nuclear threat. joining us from washington is a senior research fellow at northeast asia, bruce klinger.
we have the latest reports that earlier this year, we were talking about north korea dismantling their rocket testing. what is the latest development telling you about north korea's ultimate intention when it comes to the nuclear weapons program? bruce: the report shows the continuing production shows there continuing production, but there were also weeks of images and satellite analysis that they were expanding and upgrading production facilities for missiles, missile launchers, and material for nuclear weapons. the activity itself is not really per se violation of the singapore agreement because no real deal was reached, but it would seem to be a counter violation to the spirit of the singapore summit. does not seem to be consistent with the government
about to abandon programs, and most importantly, it is a continuing violation of numerous u.n. resolutions, which require them to not only not test but abandoned their missile programs and complete verifiable, irreversible manner. shery: but at least we have seen north korea recently returned the remains of 55 u.s. war veterans, so how much confidence does that give you that at least they are keeping a dialogue open with united states? bruce: well, the return of the remains of our fallen warriors is welcome. we were getting remains up until 2005, when the bush administration stop the program. 689ad gotten a total of remains back over the years, so this is a good step to get them back, as well as if we resume the missions. that said, they're not related to do nuclearization the closure of the nuclear test sites and a rocket engine test facility. north korea earlier in the year said they no longer need to test
because they have completed their nuclear missiles program, so welcome developments but not necessarily -- so unwelcome developments but not necessarily indicative of missile -- of nuclear testing. david: why would they be building one or two new icbms? why would they be doing that? bruce: some would argue that because they are not yet precluded from doing so under a u.s.-north korea or multilateral agreements, they can continue doing it until they sign a signature which says they cannot. again, it is a violation of u.n. resolution. some would say it is even a way for them to gain negotiating leverage the more weapons they have, perhaps, the more benefits they can gain in return. on the other hand, it doesn't seem to be consistent with someone who was about to abandon programs. david: perhaps more directly to the point, when we talked to you after the summit, you said the first step is to give a complete inventory of their operations in
north korea having to do with nuclear weapons and icbms. do we have any reason to believe we are closer to having an inventory today that we were then? time is a wasting. bruce: we do not have any evidence they are about to give us a data declaration, nor evidence they will denuclearize. secretary pompeo went there a few weeks ago, trying to add to the singapore communique. he came out and said he thought he made progress. north korea very quickly, and with great length and the trio, said no, we not only do not feel we made progress, but they categorically rejected all of the u.s. proposals. that really was a very dangerous signal that north korea is not willing to denuclearize and that the diplomatic process may not be forthcoming. shery: bruce, denuclearization has been a key u.s. policy, especially in this administration. can there be peace with outlook.
giving up its nuclear weapons -- can they be peace without north korea giving up its nuclear weapons? bruce: there is been a lot of .alk about peace treaties a peace treaty would remove the justification for maintaining the u.n. command moniker for the u.s. forces. it doesn't require the u.s. to remove its troops or reduce them. that is part of the joint defense treaty with south korea. i think it would be premature to assign a treaty before we reduce the conventional force threat. shery: thank you for your time, was going there, heritage foundation senior research fellow. coming up, we will discuss the jury selection in paul manafort 's trial. this is bloomberg. ♪
balance of power. i'm david westin. -- this is bloomberg markets: balance of power. i'm david westin. shery: i'm shery mrs. bloomberg: balance of power. ahn. a little bit more optimism over trade tensions. indeednd the u.s. are talking behind the scenes. the s&p 500 every sector in the green but financials. treasury yields are down today. the nasdaq is gaining 1%. large-cap companies sing a small recovery. mark: a new york times report says facebook is preparing to announce that it has identified the court noted influence campaign. the social medialarge-cap giants targeting dozens of inauthentic believed to pages be engaging in political activity ahead of november's midterms. the company has been working with the fbi to investigate the activity. the department of homeland security is creating a new center aimed at regarding energy companies, banks and other industries against cyberattacks. the national risk management
center will be a collaborative effort tween private businesses and the government on how to identify potential cyber threats and guard against them. north korea is building new intercontinental ballistic missiles just weeks after that summit with president trump. that's according to the washington post. the missiles are being built at the factory that made the first north korean rockets capable of reaching the united states. the president has given john kelly a vote of confidence. bloomberg has learned the tosident has asked kelly stay through the 20 20th elections. the retired marine corps general just celebrated his first full and forchief of staff months there has been speculation that he might leave. global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. : paul manafort is in
a federal district court just outside washington for the first day of his criminal top -- criminal trial. we welcome now guy lewis from miami. good to have you here. good to have you here. explain to us what this case is about and what they got to do with russian interference and the u.s. election. this is about taxes and money laundering. -- >> it is. it's going to be somewhat boring. last week when the mother prosecutor stood up and said prosecutoreller stood up and said judge, you won't hear any witness utter the word president trump or russia. i appreciate that sentiment but i don't think it's true. there's going to be 75 to 80 prospective jurors sitting in
the courtroom during the question and answer period to select a jury. and i bet you every single one of those people have heard of manafort and have heard of obviously trump and have heard of russia and it's going to be tough to pick a jury. david: you have tried cases like this. how on earth do you get a fair unbiased jury? >> it's tough. it's not necessarily that you hadn't heard about the case and the judge and the lawyers will stand up and ask a bunch of questions. what do you know? case did you vote for the president? -- what do you know about the case? did you vote for the president? in this case you will remember they tried actually to move the case out of alexandria and that part of case did you vote for
the virginia to another part where was more pro-trump. me, as much as the lawyers stand up and maybe the judge will say all we want is a fair and impartial jury that's not what the lawyers want. methe manafort lawyers want a y that is pro-trump, pro manafort. the government lawyers want something else. so it's going to be interesting to watch how this plays out over the next couple of days. shery: in the next couple of days you have jury selection. how long are we expecting the trial to last? >> great question. they are predicting about three weeks. four, maybe least five. i don't know how long the jury is going to be out on this. manafort has said over and over again in fact i think they caught him on tape in jail speaking to a relative indicating he was sure of his
innocence. the bad news for the manafort 90% of theut defendants that go to trial in federal court are convicted. that's not good news for his side. shery: just before the trial started we saw mr. manafort's team dropping their civil lawsuit challenging the authority of the special counsel. what significance does this have? >> another great question. this is almost like war. you can only have so many different fronts that you are fighting. case,eally was the civil the appeal from the judge's order was probably more likely than not going nowhere. so why spend money, time and effort on that part of the work -- war and instead concentrate on what's in front of you right now which is really a trial that may be for life-and-death from
manafort's standpoint? david: i understand it could be 30 years in prison. i want to go back to that 90% number you had. what's the number in fairly complicated extensive financial crimes? those tend to be much harder to put in front of a jury. this is about cyprus and money laundering and all kinds of money transferring. doesn't that percentage go down some? >> it does a little bit. the more complex the case gets the more difficult for a jury to understand. down a numbers do go little bit. if i'm the prosecutor on that case, this case is simple. it's about tax evasion and bank fraud. and the tax evasion is going to be me showing you through the documents and the evidence millions and millions, tens of millions of dollars in expenditures for things like homes and clothes.
over $1 million in clothes. in buys over $1 million suits and clothes? you will see car purchases, home improvements etc. and he didn't report it and didn't pay taxes on it. that's why he's guilty. they will try to boil it down into something super simple. david: many thanks to guy lewis. terrific to have you. shery: facebook is confirming that it has identified an ongoing effort to influence the midterm elections through facebook accounts and pages. a company spokesperson saying facebook plans to give more information about this later today. they added it is too soon to link this to any particular government. facebook shares are trading up 1.3%. david: trump administration immigration officials are facing senate lawmakers right now over the issue of family separation.
david: this is bloomberg markets: balance of power. i'm david westin. shery: i'm sharing -- shery ahn. shares of deer are up more than 5% at the moment. tensions between the u.s. and china could cool. bloomberg learning that china and the u.s. are talking behind the scenes. >> very good news. earlier barclays put out a note saying they actually prefer
derere to caterpillar. is showing how much upside analysts think there is. the blue line is analyst target prices. shares are trading around the 145 level. analysts very positive on deere. barclays sing the upside would come if trade tensions were to cool down. we got the news today that the u.s. and china are in talks. the fact that they want to kind of take steps to cool down some of the rhetoric and a virgin all-out trade war is ultimately becaused for deere they are the number one --ufacturer supplier agricultural supplier in the u.s.
benefitld see some should the u.s. and china be able to work something out in terms of trade. david: now they just have to hope those talks actually happen. the drama of children separated from their parents at the southern border continues with the senate judiciary committee today holding hearings on the problem and what's to be done about it. fenwick.e now john welcome back to the program. good to have you here. what do we know about the scope of the problem? as many as 1800 kids were separated originally. how many do we know have been returned already and how many still are separated from their parents? about 700 parents are not currently presented with their children. half of that the administration is saying they are not eligible. the criteria by which they
determine that eligibility is a little bit vague. to others have been deported central america. that's the population were unfortunately it's going to be a very long time before they are actually reunited with her children. -- their children. david: is there a solution? >> the best solution was offered by ted cruz. we need to beef up the immigration courts. i don't think people understand prior to deportation when you file an asylum claim you see in immigration judge who determines if that claim is valid. today you have 300 judges handling about 800,000 cases. you have massive backlogs. that's the real issue. we can still be tough at the border, release these parents and make sure they show up for court but just move these cases along quickly and it is resolved in a much more humane way. proposedme agents have creating a standalone investigation unit to handle deportations.
do you believe that there is room for reorganization here at the agency? thee need to reorganize manner in which the immigration enforcement system works. one of the issues is that half of the agencies dedicated to anduct national security public safety, criminal investigations. going after drug cartels, money laundering. there is some argument there. it's an issue that should be examined whether or not it makes sense to separate the agency from the immigration enforcement side of things. the frustration people have with ice is related to the administration's policies. when you move those functions to doj it's not going to satisfy the frustrations these people' have with the manner immigration
is being handled by this administration. shery: there is really no solution for what's going to happen to these people. are we just back to square one? >> there really are simple answers to this. out a veryaft sensible policy to deal with his problems were people get an opportunity to present asylum claims and if they fail a are removed very quickly but in a way that keeps families together and is humane. unfortunately the politics on immigration makes everything a zero sum game. the american public loses and ice and dhs lose as well. going to decide we are have a lot more officers who can hear these claims and adjudicate them promptly. how long does it take to train these people? are there people who can perform that function? expressed the
administration could train some lawyers to act as asylum officers. you're probably looking at a year lag time i don't think it's the end of the world. measured do a stopgap just focus on these cases. in terms of releasing these families the technology has proven 99% of the cases people there are waysrt and the emergency situation to deal with this. realistically for a steady stage you are looking at a year. david: because you did work at ice you have this experience. is there a risk that we will be distracting ourselves from some of the things that we really do need ice to be doing? because we are so fixated on this tragic problem? >> very much so. the backlash you are seeing with the abolish ice movement is very
much a result of the separation. it is done by the u.s. border patrol. the problem is this backlash ability to do its job. they rely on informants in the immigrant communities to tell who the gang members are. when you engage in these policies and have this political backlash the police departments say, we just can't cooperate with you anymore. that definitely hurts ice's ability to do its job. which frankly is why the criminal investigators have an pretty vocal and writing a letter to the secretary zinke please separate us from the immigration side because the politics are hindering our ability to execute public safety work. ofry: and the shear flow
migrants. how soon can we expect this trend to change? what is the amount of time when we see this influx and fading out? typically the smuggling season is in the late spring and early summer. with the central american population that has been elevated over the last four years although you do see seasonal fluctuations. we are about what to do about this. that's --he work three of the highest murder rates in the world. when you have that level of violence and dysfunction in those countries you create this push affect and there's very little -- we often look at what the united states can do to stop people from coming. there's very little because conditions are so horrific down there. these people are paying everything they have to stop -- to smugglers, getting extorted
flanders. can you really blame them? they've got so many things wrong recently. >> i was struck when i wrote this peas. we had a special issue of bloomberg markets. when i wanted to write about was how times have changed. when i was learning about economics in the 80's and 90's there were these big problems that politicians were being asked to fix like mass unemployment and inflation. economists had these solutions to those things and it felt like economics dominated the discourse and that just doesn't happen so much anymore. donald trump brags about ignoring economists when he's got his trade war's going. it's not just him. in general it feels as though economists don't have politicians in quite the same way. david: to be a bit provocative
but in fairness, president trump would say he has peter navarro. he does have a phd in economics from harvard. he has been an academic. >> obviously economists are still knocking around the place when you go to the white house. there is still economic advice out there. trying toat they're say isn't mainstream economics is not producing answers to the things that politicians really want to have answers to so they are under pressure to deal with immigration or think about the quality of growth and what's happening with inequality. at least the mainstream of the profession has not been very good at delivering answers to those. there's people more on the edges. dieter navarro has controversial views around currencies. it is striking that he's the one that is getting the politicians ear.-- politician's why you are is
getting upset like the brexit vote. tell us about the difference between the quantity of growth and quality. had to chair an inclusive growth commission before i came to bloomberg. we were working with cities about how do you improve the quality of the growth and i was really struck. we went to a city in the north of england. it an inclusive growth commission before i came to bloomberg. has been a real unemployment black spot in the 80's and 90's. we got the main solution to poverty was jobs. in fact sheffield had had lots of jobs and quite a lot of growth. it had a very low unemployment rate. yet it voted overwhelmingly for brexit. because people were still questioning the quality of growth. they maybe had a job but they still felt their community had changed. that kind ofthing cast around for answers from economists. economists didn't have very good solutions because they had said get the jobs and every thing else will follow.
david: the mainstream economists not only haven't helped that may have heard. overall we have grown dramatically. i come from flint, michigan. it was decimated. were justlants leveled. is there anybody working on a way to actually measure things like are we leaving some of us behind? a of course there has been big debate about inequality and economists have been part of that. economists in the obama administration would say they were quite focused on these issues. sometimes it's the data that the issue. if you are a city trying to turn around detroit or if your in the u.k. or the news of england -- or if you are in the u.k. or the north of england, you've got some jobs. you got very little data to tell you are they good jobs, are they providing advancement and which growth to people. and the lack of wage growth globally is one of the big
puzzles for mainstream economists as well at the moment. shery: have economists at least delivered on the basis like avoiding recessions and getting out of them faster when they happen? >> ben bernanke was running the fed during the global financial crisis. there's a lot of blame to go around. you did at least have a response which avoided another great depression many would argue. on that scale economists still delivered. we have had very slow growth since then and we are still not getting the kind of growth that you might want to see. david: thank you for being with us. stephanie flanders. reports of earnings after the bell. stay tuned bloomberg television. this is bloomberg. ♪ retail.
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total joke in real republican circles and said they are opposed to strong borders and powerful trade. their political network criticized his leadership. it also said it will not support the republican challenger to north dakota's democratic senator. the trump administration reportedly rejected and is bid to join high-level nafta talks with the u.s. and mexico this week. country's attempts to join the negotiations were either ignored or rejected by the u.s. trade representative's office. suggested hemp has might go for a bilateral deal for turning to canada. are trying tohina restart talks aimed at averting a full blown trade war between the world's largest economies. two people familiar with the effort say representatives of steven mnuchin and the chinese vice premier are having private conversations as they look for ways