china? the answer is we express ideas that can be viewed in china as interference because we believe in these modern concepts of governance. but, in fact, we do very, very little to actually try to promote these ideas inside china because we can't do it on our own doorstep. why do we think wee can do in china? >> and also because the chinese will not allow it. >> that's an additional factor. but yun they have allowed the penetration of western ideas for decades now the problem is they find that those ideas have become what is xi jinping and his work report refer to china has an ideological problem. he didn't develop the idea that he echoes acknowledged the chia problem of ideology. you can't interpret -- the problem is the subversive western ideas are subverting the ideology of china, and there is pressure back against it and we see that as repression. i see it as upwelling of the influence of western ideas. so in other words, it's, you've got to look at both sides of the question. >> let me

or to oppose china or stop china from advancing into central asia. for my research i have not seen too much russian opposition or efforts to undermine china's effort in central asia stands in terms of their researcher project. but another component of this is the policy road. that goesf the angles to europe. see the mostwould successful commercial projects between china and russia ever. it has been built and has been producing starting from 2017. ton on the chinese want invest in that port, the russians decline the chinese financing because of the strategic location. what we also see as russia trying also raising the way to invite china to invest in the northern sea route because russian is to update infrastructure and it doesn't have the financing. on that, the chinese have been very reluctant. there is much more talking than actions in reality, because with the chinese see is russia portraying a concept of dividends in the future about without arn sea route willingness to make any compromise to the chinese about the commercial profitability. own fr

and china. essentially i think for president moon is relieved that is a break in the tension, and he got an endorsement from president trump with regards to his push for diplomacy with kim jong-un, plus an u.s.-china statement hat tip from president trump to kim jong-un. so he's probably feeling pretty good because this is the break and appearance short-lived the break in the rising compensation between china and the u.s. that essentially when that occurs it restricts south korea's preferred strategy of navigating choice avoidance between u.s. and china. south korea for first choice of voice because it's spent on china for economic benefits, given the fact south korea's trade with china is so significant while it relies on the light with the united states for security benefits. rising china-u.s. rivalry makes south korean strategic choices both more consequential and it generates more pressure on seoul as both u.s. and china compete with each other to post costs on south korea celesta influence

china? >> also because the chinese won't allow it. >> that is an additional factor. they have allowed the penetration of western ideas for decades and now the problem is they found those ideas have hisme what president and congress referred to as china has an ideological problem, he didn't develop that idea, but he acknowledged the china has a problem a. cache of -- problem of ideology. the problem is these subversive western ideas are subverting the ideology of china and this pressure back against it and we see that as repression. of thet as an upwelling influence of western ideas. , you've got tods look at both sides of the question. >> let me say there is a danger of perhaps all agreeing with each other on the stage. palmer, says it's only takes one site to start a war and they believed to be in a ideological and geopolitical contest with u.s. power worldwide. fundamentally it affects the way ccp leaders think much less than our decisions -- discussions consider. the long-term china obser

president of china? what is his attitude towards being a moral leader as a global power, and is it improving, or do we see it getting worse with him? guest: excellent question. i don't know the answer. i can tell you in my book i tried to calculate how much money and effort to we put into making china think more about democracy, following the rule, what you refer to as being a moral leader. this is the second biggest economy in the world. it looks like our democracy budget, democracy, human rights, freedom of religion, is very small. under $50 million a year. very few people are involved. there are very few programs. for example, the department of justice administers to strengthen a chinese bar association. they have a journal in china "alled "the rule of law journal to invite our judges to me chinese judges. impact.bably has some it seemed to have an impact in the environmental area. they did not have an environmental protection agency at all going back to the 1980's. with american funding they created

china sea. well the chinese are the ones who signed the law of the sea treaty and then decided to interpret it kind of on our card sort of basis and you know they pledged to obama that they wouldn't alter ised the south china sea and they've built. of military bases building up to spirit eyelets i think if. i think the u.s. and china both have a problem that neither side has answered what i see as two basic questions i will shape the future and the chinese assumption is the u.s. is now a liar and then eventually to leave and they're positioning themselves to be a dominant power in the region the u.s. seems to think that its network of alliances and presence in the region. which is only been there for the last seventy years if you think about the last five thousand years of asian history there have been three different kinds of security systems for a long time it was chinese tributary system then we had an period. as system and beginning in the twentieth century and after world war two it's been

the ip addresses in china they know things like that for example the ip address in china or somewhere set up by china and they try to infiltrate with their messages there's a common knowledge over here in taiwan the fifty cents army in china they are roaming the taiwan internet world for example some of our candidates have their facebook. with the chinese languages in their facebook account and this is being seen us china trying to influence how was the election and of course china is also trying to getting connected with some of the local politicians or local organizations some of them trying to get benefit from china things like that has been seeing us china trying to interfere in our election do you think that china's leaders will feel that their strategy of strangling taiwan economically diplomatically is working and that now they're going to double down on their efforts to try to bring about reunification in five to ten years even sooner . that is something that many people here in taiwan have been discussing about in taiwan selection committee seeing. chinese success of their in

about china and the u.s. because meanwhile look at the talks are in progress and second round of talks are somewhat close but meanwhile the daughter of the founder of the tech giant weiwei is also second in command there has been arrested at a request for american requests for violating u.s. trade rules and in tehran sanctions i mean why ways think they were china's government and even though china says that they are us want stop the trade talks with washington why they need to complicate things i mean there's we're just getting better you're just about to hammer out a day you are so. what this arrest derailed your lot of negotiations well i think you're assuming more coherence within the u.s. government than might be. prudent. we have an independent judiciary the justice department does it in fact trump didn't even know she was arrested at the time he was having dinner with she had the g twenty cannot tell bolton said that he didn't pass the news of imminent or asked to present trauma to understand that you

you know they didn't feel that we had to stay in china. i wanted to go and see the world for myself and for me i think i wanted not to have to behave. according to others you know are strict guidelines and i believe i would be a lot freer if i went to the west. hall said goodbye to his family at a train station in beijing goodrem alba woodley soon after. their slice of cake fun my father said to me before i left there's so many beggars and criminals in the west it's a place if things don't work out for you there you can always come back to us lots of it. indeed chinese newspapers claimed that capitalism in europe was on the verge of collapse. goodrem was worried about that but she left her parents' time and was soon on her way to austria. she arrived in vienna in february nineteenth seventy two. city officials gave her a warm welcome and presented her with a camera. cool croaks time in china had also come to an end. across the border from. trade to hong kong. the world was certainly exciting place so. i spent ten days going through late ni

or taiwan province of china and. in the ministry of foreign affairs over here we need to develop substantive relations with delight my to countries and we also have to safeguard those countries that are still having relations with us with taiwan. and in the last two years five countries that have relations with you have defected to china that must hurt it is difficult for us and what we try to do is to make sure that the senior government officials in senior government officials in our diplomatic elyse are highly connected and i think most important trait of taiwan is taiwan is that democracy already and we have very proud of that and many of my countries continue to priest i want us a beacon and because taiwan is already a democracy and therefore if we are able to develop closer and closer ties with like minded countries but when former friends like el salvador became a fast so say sort of we're going to recognize beijing there must be this sort of sense of betrayal because these countries up until then point have b

china 2025 plan. no one begrudges a nation that generates the most innovative ideas and from them develops the best technology, but we cannot tolerate a nation that steals the fruits of our brainpower. that is just what china is doing to achieve its development goals. china has turned the tradecraft of its intelligence services against american companies, taking trade secrets and other sensitive commercial information through computer intrusion and by co-opting company insiders, from underwater drones and autonomous vehicles to critical chemical compounds and inbred corn seeds, china has targeted advanced technology across sectors that aligns with china's publicly announced strategic goals. the playbook is simple, rob, replicate, and replace. rob the american company of its intellectual property. replicate that technology. replace the american company in the chinese market and one day in the global market. it is no wonder that from 2011 to 2018, more than 90% of the departments cases alleging economic

china. so many countries in the pacific region, it's by far the largest trading partner. overall, the u.s. is our largest economic partner. both of our relationships are depended by free trade agreement which is also something of a rarity. given with the countries, i will give a quick overview of our respective trade and investment relationships with each of these giant, starting with the united states. two-way trade goods and services is currently valued at about $68 billion. the u.s. enjoys trade surplus of approximately $29 billion according to the bureau of economic analysis. australia's major port to the u.s. primarily agriculture, these words are imports from the u.s. are industrialized products. the investment relationship however, is quite significant and valued at over 1 trillion u.s. dollars. china is australia's largest trading partner. it accounts to nearly 30% of australia's experts. in fact, our bilateral to a trade, reached a record of almost 200 billion australian dollars in

because china retaliates. and retaliates so quickly and immediately against countries that do take actions against china. and they retaliate very clearly in this trade sphere. and even for fairly innocuous actions, where the nobel peace prize was given. what's the first thing china does? it bans the exports of salmons. because they don't want to award the peace prize. where they have the developments of the islands in the south china sea. and wins the case. what is the first thing china does? ban philippine mangos, from going to the philippines into china, as a way of retaliating. so countries have been really reluctant to take on china in a major way. for fear that they will be the subject of this retaliation. again, hence the reason reason why my view is if you put together a large coalition of countries, it does create a bit of a shield against this ability for china to immediately retaliate. the other part of it again, as i mentioned is evidence. it is hard to get enough of this evidence particularly becau

china how did the revolution affect their lives. the wave of political renewal in china served as inspiration for many young europeans they demonstrated against their own governments. the great problem tarion cultural revolution has often been romanticized in europe but what was it really like in china back there in. these apartments are located at the foreign studies university in beijing. paul crocker is british and lives in london but he grew up in beijing his mother isabel who was born in one thousand nine hundred fifteen has spent most of her life in china pulled visits or whenever he can isabel was an enthusiastic supporter of communism from an early age so it was paul's father david who arrived in china in one nine hundred thirty seven he and isabel were married in one thousand nine hundred forty two together they experienced the social and political upheavals brought about by the communist revolution. in the course of. the memories of what was happening there and i'm just glad that someone better spent captured link that's v

china cannot succeed. china is not allowed to succeed did it is somehow wrong for china to succeed. an and unattainable position for us economically. i see too many voices in this country who are slipping into that position. my friend hank paulson warned about an economic iron curtain coming down. i think that was a valid warning. i would also warned about a new mccarthyism. with respect to china where we lose our objectivity accuracy. >> but it is true that when china joined in 1999, you went to congress to get congress to approve the trading relationship , we all believed at that time that china was on the quite different path. what you said to congress, when he recommended her approve of the trade deal. we can strengthen the hand of those that favor china. more difficult for china to turn back the clock. becoming more market-based. more protective of commercial and personal freedoms. the end of history. the end of the cold war. they did not happen. if anything, going the wrong way >> much more market oriented economy then it was. america's firms have much more access than they di

and china. as so many countries in indo-pacific region, china is by far our largest trading partner. but overall the u.s. is our largest economic partner, and both of our relationships are underpinned by free trade agreements, which is also something of a rarity. given with both those countries. so at the outset i i thought i would give a quick overview, a comparative overview of our respective trade and investment relationships with each of these giants, starting with the united states. two-way trade in goods and services is carnivale at about $68 billion. also, the u.s. enjoys a trade surplus of the fox will $29 billion according to the bureau of economic analysis. australia's major exports to u.s. are primarily agricultural commodities were at their imports from u.s. are industrialized products. the bilateral investment relationship, however, is quite significant and is valued at over 1 trillion u.s. dollars. china as i've said is australia's largest trading partner and accounts for nearly 30

do you think if you're china could actually who in america back together well china is is try to mean one thing china has influence in some. east european countries under a being was greece others were getting a lot of benefits from china so there is that and the europeans in brussels serve very worried about that so there is some division there. but i think yes so long as they don't want to be dragged into a conflict an american conflict with with china. and they don't like the kind of blustery you know there are a anti china insults and others that sometimes trump and some of his people engage in would like to you know push china back a few decades to where it is and that's right i mean they don't like that sort of added to china on its side i think would like to strengthen its ties with europe to avoid a common front that would also include chip may. well actually funny you mention japan because this beijing investment thing is coming under so much scrutiny in the e.u. they reminds me of the eighty's there was very similar fear of all japanese in japanese investment and genes are b

. >> of a trade war with china? . >> i hope not but on both sides of the rhetoric that they are getting more and more confrontational there is no reason why we need to have a cold war with china the world could accommodate our greatness and unfortunately right now it looks very confrontational in the economic realm in the security realm. >> president trump says china doesn't play fair he said just this week i just want our country to be treated fairly and he has a point. >> sure. sure of time some of china's practices of intellectual property historically have been problematic there are stories about commercial espionage certainly there are examples where china has broken the rules with respect to subsidies but no nation has an unblemished record on trade no nation with unproblematic practices and usually we work towards conversion with an idea that works for everybody what is extraordinary that degree of confrontation in which president trump has sought to engage on trade issues not just with chinana but with the w

since aged times, china has seen -- ancient times, china has seen numerous movement. there is more than one way of governance and the ancient way is not the only way to develop a nation. guided by the believe that all people under heaven are one family and all nations should live in harmony, the chinese nation sees ancient times as engaged in powerful changes which of foreign nations. such vibrant engagements gave rise to the ancient silk road, accentuated by the pleasant training of camel bells along the way. as an agent saying goes, a gentleman should constantly strive for self perfection. just as the earth stays receptive through supporting others, a gentleman should embrace the world and all humbleness. such spirit of reform and opening up gave rise to the chinese a civilization. the only one of history that has extended for more than 5000 years -- in history that has extended for more than 5000 years. [applause] a review of the past several thousand years shows that reform and opening up remains the norm throughout china's history. such profound historical and cu

i think it rests with china. poll question i would have asked for ceo's and other executives here is how many of you -- let's do it, how many of you believe in free trade? okay. how many of you believe that free trade means allowing the chinese to kick us around, steal your intellectual property and not respond to them? come on, show of hands. >> how many of you are willing to tell shareholders that ripping intellectual property, no problem. if there's going to be free trade, they will have to live by it and doing things like forced technology transfers, discriminating against foreign companies and the court system, the whole range of investment decisions isn't free trade either. >> let's move on because you have a lot on your plate. north korea, the president announced back in the summer that he and leader kim had fallen in love. i'm going to guess you don't quite share those emotional feelings? >> look, the president has established very strong personal relationship with kim jong un. i think i have a relationsh

forty years ago china's g.d.p. hovered around only one hundred fifty billion dollars only nearly twenty years later in one thousand nine hundred seven it broke through the trillion dollar ceiling and by last year g.d.p. had grown to over twelve trillion dollars in his speech marking the anniversary a chinese president xi jinping vowed to press ahead with further economic reforms but he also made clear that beijing will not deviate from its one party system or take orders from any other country. it was an impact oblique choreographed event designed to showcase china's transformation from an inward looking farming based society to the economic giant it is today. well your country's president xi jinping credited forty years of what he terms of socialism with chinese characteristics for lifting people out of poverty and pushing china on the international stage. but that stage now more than ever is fraught with tension in a thinly veiled reference to his country's months long trade dispute with the united states she had

china's trade super highway. i'm rishaad salamat. >> our leaders are letting africa go to china. that is my view. i think we need to do it in moderation. while at the same time, maintain our country. there is quite a lot we can learn and gain from china. quite a lot. but i think we need to do it to some extent, not get china to come and take over our country. [applause] >> we do not interfere in the internal affairs of african countries. impose our will on african countries. attach any political condition on the economic aid to africa, nor do we seek selfish political gains in investment and financing cooperation with africa. [applause] rishaad: china is pushing back against criticism, the belt and wrote initiative loads up -- belt and road initiative loads up partner countries with debt. it also refutes claims it is aimed at strengthening beijing's global influence. the chinese president maintains the initiative as a tool for common prosperity. while the roads, rail and port infrastructure are needed in africa, the continent's debt is rising. about $12 billion in chinese loans w

and it's china over a huge amount of money from the public record these couple days china for it fifteen billion u.s. dollars to el salvador and of course that is not the game that i want to seen what time was this saga friendship is to be able to help the people it seems the china strategy is to pick off one by one those remaining countries that have diplomatic relations with taiwan yes. which raises the question what happens if they succeed in doing that and there are no countries left. but what happens there as a minister of foreign affairs you know i wouldn't try to envision that kind of result but i think china also has other objectives over taiwan. cutting off all the diplomatic elyse off taiwan if you listen to the top speed top leaders of china and they continue to say that they want to win hearts and minds of the talent's people but when they engage in the very negative way of isolating taiwan or choking off time was international space that is the opposite of what they say they want to achieve winning hearts and minds of the taiwanese people and you can see whenever the chinese

because of the politics china will not appear much all of that capability is about with china's threat working more closely with the us and other countries. if there is a line for japan it is the tariffs if donald trump went at 25 percent tariffs that is so destabilizing for the international economy that would be truly alarming but short of that my senses corporate japan and korea are generally in agreement but it is that unpredictability consensus and the fact that we treat her allies pretty badly right now there is a lot in the way that we do this that troubles our allies but generally what the vice president delivers on china with our high tech allies japan and korea also. >> one is reminded of the good old days when we had a single organizing principle for foreign policy which was containment with the soviet union and its economy now we wrestle with all of the complications of our success there and we are reminded all of the rest of the story with the more sensational headlines and those quick summaries. i would like to open it to the floor for questions and consideration and in t

and china. >> ambassador roy, , usurping te actual cold war. how would you describe what's happening in the moment? do you think cold war, you cold war is appropriate terminology to be using? >> i think using the term cold war is totally inappropriate. the spirit of u.s.-china relations, even when we are in sharp disagreement on issues does not approximate the spirit of the types of negotiations that i was either participate in or on the sidelines of drawing actual cold war. but there's a second reason why i fundamentally disagree with the term. i thought it was wrong to refer to the war on terror. crime is a crime to the human condition, so is terrorism. the bible is full of examples of terrorism. you do not win fmp or lose when you're combating terrorism. it's like crime. you try to manage it to keep it at a level so that civilized societies can function properly. our relationship with china is marked by strategic rivalry, but strategic rivalry as part of the historical experience of all major

-china. you're seeing china become more globally involved. in japan and korea, for example, the attention is focused on is around china becoming a bigger powerhouse in technology and other areas. china is figuring out how to accommodate a new china. we are going through that now. yvonne: can china ever be a global superpower? economy, aginghe demographics, the government still involved in many parts of the economy. is it a matter of time before china supersedes the u.s.? >> i don't think china sees it that way. it is never about who is number one and number two. china is an important part of the global economy. what has changed is that it is now the china is part of global trade and the role it plays will have to change. and that is what does -- it is different from how we see it when we interact with partners in the u.s.. there is a lot of interest in working together. we work with global investment firms. there is a lot of confidence in making sure that things we do our long-term. fromnk we should stay away the usual headlines. rishaad: i w

/china tra war. for "nightly business report," i'm steve liesman. >>> so what willhis temporary trade truce mean for bonds and interest rates? joining us now is jack mcentireo poo manager from brandy wine. i don't want to be too wonky about this, but if this is good for growth as secretary mnuchin suggests you would imagine that interest rates would go up. short term interest rates did go today, but long term rates went down and that usually happens when the market's so the bond market i think is expecting notes nrily a slower economy. but lower inflation. sof we are really making progress on the tariffs, we're not going from 10 to 25%, that means that we're in nothing to -- not going to higher prices. that was one of the factors that helped the bond market today. >> and okay, good point. what do you think then happens now asal we wereng about the stock market between now and that 90 day period in march when we hopefully get a deal. what do you expect interestte to do? >> so i think the -- unlike you

china relations now china is apparently planning to cut import tariffs on american made cars a trumpet ministration official speaking anonymously confirmed earlier media reports that beijing has proposed reducing tariffs from forty to fifteen percent the concession would now go to china's cabinet for review if approved it would reverse the tears that beijing had increased back in july the move forced many car dealers to raise prices major carmakers like ford tesla and b.m.w. have seen their shares rise on the news. and of course markets have been paying very close attention to these developments less discuss them with our new york financial correspondent jim acosta joining us now hi yes it's good to have you with us so wall street from what we saw didn't wait for official confirmation to rally when this news came out. thank you ali it's so far this year has not been a good year for stocks and investors for u.s. car companies so when we got those reports we did see a jump in the stock sell to the big makers even if they had vanished a bit towards the end of trading and the big question

that's what china 2025 is about. so for them to change that, for them to recognize their economic growth to realize their goals isn't going to come from forced technology transfer and intellectual property theft and a state-run system which they now have but have to adapt to another system based on u.s. demands, that's a much more difficult path and i think the markets are reflecting that. >> okay, so some of the remedies president trump and his advisers have taken and believe will work are these tariffs, the whole tariff war, and of course the markets have plummeted, we are told, because investors are not reassured anymore that this trade war is over and a truce has been negotiated. so let us read a few of president trump's most recent tweet this is week. i am a tariff man. when people or countries come into raid the great wealth of our nation, i want them to pay for the privilege of doing so. it will always be the best way to max out our economic power. we are right now taking in billions of dollars in tariffs, mak

congratulations going around as china honors the reform pioneers, marking 40 years since china opened up the economy. we are still with charlene. yvonne: talking about the past 40 years. you talk about the development we have seen, which is undeniable. do you think this is a function of the state planning, the so-called china model we have seen, or growth despite that? it was more about marketization, entrepreneurship? charlene: i think it was a mixture. we had decades of what is an incredibly hard-working population suffer a lot. they were actually given the freedom to go out and make their own money and be entrepreneurial, things just took off in a way you went unnecessarily -- not necessarily see. i do believe china has the hardest working population in the world and there is a lot of them. they can drive growth a lot. on top of that, i think the planning worrying tatian of the government was very integral in that development. what we saw was an emphasis in fdi over portfolio investment. that meant bringing foreign companies in for the long haul. no short-term funds. a very compreh

china does a lot of things well. one thing they know how to do is to be good policemen when something is against the law. i would not want to be the person in china who is misusing, abusing, selling fentanyl illegally after these new rules go into effect. and we are asking china only to do what the united states is already doing. we have learned that to be effective in controlling fentanyl that we have to control all of it. we have to make all of it illegal so that our narcotics agencies, our drug agencies and our policemen can deal with it. what about the possibility that even if china does this, they might make the fentanyl in other countries? well, maybe they would. but we can take the same steps there that we're taking in china, and this is important in the larger sense. what the president of china has done, has listened to the president of the united states, who has said twice to him, mr. president, fentanyl is a terrible problem in the united states. china is the source. one way or the other, of most of the fen

china is going. there is a debate going on about that. is china going to advocate for more reform, more opening up? the government thinks so, but people do not have confidence. or is china going to be more closed off? reformistsast, have argued, why do you want to make this yourself? ,ut now the argument is, see because you do not want to subject vulnerability to the control of the united states. i think that these are the hard questions going on about restructuring of the economy and which way china will be going. but looking at bri, i will say that it has had an affect the supply. chinese companies especially with the business contracts, because they need to digest overcapacity. and i see that will continue. >> it is up to you. >> i will be fast. on china and bri and the u.s. response. there was a study by citi that given the trade tensions between china and the u.s., we will see china, despite economic challenges, putting more into diversifying its relationships away from the market market. the ot

and china. we are seeing wti bouncing back factaining .3% despite the they dipped in the new york session p we have comments from opec plus, no details on what sort of production cuts we could get from the group. we are looking at the pound, now holding steady. right now the key question is what happens to brexit has prime minister may is struggling to get that deal through parliament . let's see what the asian markets are doing now, sophie. sophie: struggle is the right term because we are looking at a muted start. we are looking at a mixed start. we have the asx 200 on the back foot, under pressure, off by .1%. wellington is gaining grounds after a two day drop. we can look at a mixed a session for asian stocks as investors come to terms with prospects for the u.s.-china trade deal and the cloudy outlook of global someh which is having people think there is wishful thinking about a turnaround for markets in 2013 -- 2019. this man finds it hard to read accelerate the global economy. intootion i

what are you seeing from china? >> sure, i think the nature of interference on the policy side is different from china than what we see from russia. now, i don't want to get ahead -- there is a process that we're undergoing right now under the recently issued executive order to assess and then lay out in a report what we saw in the last elections with respect to election interference, if any. i don't want to get ahead of that process. there will be a report in the not too distant future, but we are worried more generally about chinese political influence and how can we use fara and how can we use section 951 of the criminal code to make sure that any efforts at influence are transparent. >> ok. very good. thank you. i hope we will get your help in trying to get the bills passed, because it is not just one country. >> thank you. >> thank you, senator. china started its economic expansion. and it started to cheat. and we were told as it became more and more apparent that our friends in china or at least the political

apple operates in china, has a massive business in china. the assumption that every single i message in china is the same as a backdoor to the government and the government can access the data. this is something that google points out. they say look at the compromises that apple has made. operating inpeers china have made a lot of compromises to operate their. that has been operational -- there. that has been operational view. emily: david, is this something google will have to explore or have to do at some point if it wants to keep growing? david: like i said before, this is the world's largest internet market. i can't fault them for spending a lot of time figuring out is there any conceivable way we can honorably do this. they can still grow, definitely, in geographies all over the world. i would also say, regarding mark's point, there is something different about a search engine that a device company or a lot of other companies operating in china from the united states. it's search has a different character. does facebook. those two compa

and china. apple suppliers are continuing moving iphone production out of china, creating supply chain chaos. bloomberg live streaming on twitter. be sure to follow tictoc on twitter. this is "bloomberg." ♪ emily: welcome back to "the best of bloomberg technology." increasing trade tensions between the u.s. and china have apple suppliers prepping for unfavorable conditions that could mean moving production out of china if tariffs rise. president trump told the wall street journal that tariffs could be slapped on smart phones and laptops made in china. we talked about this. >> at this point, it does not appear to be likely. quite frankly, we will get more clarity as we know how much longer this administration is going to last, whether the next administration is going to continue these tariffs. these are plan b, plan c, and plan d scenarios that the company is weighing right now. right now, if tariffs are around 10%, if those go into place, there is not much room for panic. if discussions begin

all of china. the production processes in his plant have been optimized and every single movement has been timed down to the last second and. hundreds of trucks come and go every day each day they offload twenty thousand tons of fresh tomatoes going to start putting water in the crater the four to say fifteen sacks. so when they come here that's already pretty pretty much for water. saving fifteen seconds per truck saves the equivalent of one working day per year. i'm paranoid i think we could do a lot better. and i see more detail and so it's a lot of things to fix a lot of things you improve so i don't consider we do that well. morning started fish and company very much because they have managed to reduce costs also the supply chain from the field to the trucking those finished goods for dollar investment in the labs. to produce much more. they can produce more than six million tons of fresh tomatoes that's more than the oil it's only three factories it's impressive really amazing. every hour chr

china, china, china. >> had, while were at it the federal government is doing everything they can to undermine what this president is trying to do. and i do think usually talked before but he should fire them along time ago that i appreciate tammy and niger point out which is it would be truly throwing diesel fuel onto a fire to do that especially at this point. it would be to political headaches. i do think in the meantime i have enjoyed watching the number of things that mueller brings back that have nothing to do with collusion or bust democrats and collusion they hands are completely dirty with. it's amazing to watch all that back in the new attorney general can put parameters along as well. lou: new attorney general - i'm telling you, it's always someone or something else. just fire them. niger, tammy, charlie, thank you so much for coming up next, we will hear from the man himself on trade. wilbur ross, secretary of department of commerce on what is going on with the chinese doctor on trade. we have the latest from the man himself. wilbur ross, next. stay with us. i am not for

i do believe if we get china -- you know, china is already cutting tariffs. connell: i want to stop you for one second. we have to take the commercial break here and you and i talked about that "after the bell" last time you were on. are they cutting tariffs on our products? >> they are. 1500 different goods. i do believe president trump tweeted that he and the president of china came to an agreement to get rid of auto tariffs into china. there is questions whether that is real or not. i think in the end china doesn't like to lose face. that is one thing we know for sure. a lot of this is going to happen behind the scenes can be a little less clear. it's not going to be a big headline. the markets down 500-point today. everybody's out about it. the dow and the s&p are still up 2.5% this year. china is down almost 19%. europe is down 9%. the u.s. is outperforming the rest of the world and i get it. everybody's used to the market keep going up for nine years and now they're worried it's going to be ending. profits are still rising. pretax profits up 10% a year.

order would liberalize china. contrary to our hopes, china expanded its power at the expense of the sovereignty of others. according to the national defense strategy. the central challenge to u.s. prosperity and security is the emergence of long-term strategic competition by what national security strategies class i asked revisionist powers. it is increasingly clear that china and russia want to shape a world consistent with their authoritarian model, beginning veto authority over other nations and their economic and security decisions. this has resulted in an intensifying crackdown on civil society, ethnic boundaries, -- ethnic minorities, and religious freedom in china. this has shocked the conscience and necessitates a serious response from the united states and international community. in the tibets autonomous region is intensifying. while beijing continues to review negotiations. human rights defenders are jailed, tortured, and otherwise deprived of liberty. the genuine freedom of speech and assembly are none

and china help? i suspect it will be quite likely because this is only buying time into may be the end of february, and markets are still nervous about the prospect case of aet the worst resumption of u.s. dollar strength backed by higher interest rates, that will mean we are once again talking about the seven handle on dollar-china. and the authorities in china are concerned about what that could mean in terms of capital outflows. that would be consistent with fireworks resuming. near term, dollar-china should be under control. shery: why haven't we seen a bigger drop in the japanese yen from this temporary hold to the u.s. tariffs? the yen has been interesting the past few months in that it hasn't been as risk sensitive as it has been historically. they negotiated all sorts of turmoil from turkey to the october meltdown in stocks, so really the focus i think remains on the yield situation. thear-yen firmly watching outlook for u.s. interest rates -- kept in recent weeks capped in recent weeks, pric

people are laughing at them, saying china, it is time for china to change. they are a big dog on the block, it is time for them to adhere to the rules. >> laura: john, thanks so much. get some sleep. get back here, we need you back here. great reporting. here is my message to president trump ahead of his meetings with president xi. continue to proceed posting ahead with what is working when it comes to tariffs. do not settle for an uneven deal. i know he is smart, but he has a lot of people from wall street, all these people pushing him on that. china has done literally nothing to earn a reprieve from the scheduled tariffs. china says they will do better, but where's the evidence? remember what president ragan said about the soviets, it came to military issues, of course, a big one was trust but verify. remember, mr. president, you won because of main street, not really wall street. herewith reaction is stephen yates, china expert, former deputy national scared advisor, for vice president dick cheney, and robert wolf, former ike obama economic advisor. you a