Cancer well discuss that all right said its time to boost your news i. Q. Tensions between the United States and china are on the rise creating concern that it could be the start of a new cold war and may likely eliminate progress on a trade deal so to talk more about this Rachel Blevins joins me now to go to get into the details so rachel what is the current state of this trade deal where time right now in the United States and china were supposed to be finalizing phase 2 of a massive trade deal but instead President Trump is now questioning whether china is following through on the agreements made with phase one so because of this he says that hes planning to talk to farmers in the coming weeks and to decide whether to terminate that go altogether and that could mean war on china now trump was asked about this and asked about whether he thinks that china is following through with their end of the deal take a listen to what he said. Do hopefully theyre going to keep the deal well see
Boost your news i q. Very usual sighting off the coast of california in fact its so rare that we here at r. T. America wanted to get a birds eye view of the unexpected arrivals along the coastline youre looking at here exclusive drone footage of dozens of massive oil tankers sitting idle along the Pacific Coast with nowhere to go because these oil tankers have a gird due to the Global Demand for fuel collapsing all due to less driving and less flying as millions of americans are being forced to stay home during this coronavirus pandemic correspondent tosh sweet is in long beach with a story. With people flying and dr weil. The oil industry is taking a hit and as you can see there are dozens of oil tankers up a coast here in Southern California but the line of work there was far north as San Francisco with simply no place to unload in this exclusive video youre looking at 20000000 barrels of oil floating off the west coast roughly 3 dozen ships scattered throughout the waters from long
A corner of themselves right now because there are not only us is putting pressure on them but theyre also getting pressure from japan theyre getting pressure from australia and also europe right now so theyre looking to put out fires as quickly as possible around the globe the geo political forums are referring to i think one of the things that were looking at here i think the blame game around the covert narrative is going to continue it looks to be almost an election grandstanding opportunity with President Trump iran the curtain just looking to storm the election stage again so we think this is going to continue to be in the news but how harmful this really plays out for the markets really depends on how china responds right now things are pretty calm over in china right now the dollar yen the chinese equity seem to be taking this in stride looking at this towards more political bluster than anything else at this stage but if things do escalate if we get to the point where we pull
Tensions between the United States and china are on the rise creating concern that it could be the start of a new cold war and may likely eliminate progress on a trade deal so to talk more about this Rachel Blevins joins me now to go to get into the details so rachel what is the current state of this trade deal where time right now in the United States and china were supposed to be finalizing phase 2 of a massive trade deal but instead President Trump is now questioning whether china is following through on the agreements it made with phase one so because of this he says that hes planning to talk to farmers in the coming weeks and to decide whether to terminate that go all together and that could mean war on china now trump was asked about this and asked about whether he thinks that china is following through with their end of the deal take a listen to what he said. Do hopefully theyre going to keep the deal well see they may they may not going to fund. The state Department Also confir
Very usual citing off the coast of california in fact its so rare that we here at r t america wanted to get a birds eye view of the unexpected arrivals along the coastline youre looking at here exclusive drone footage of dozens of massive oil tankers sitting idle along the Pacific Coast with nowhere to go because these oil tankers have a gird due to the Global Demand for fuel collapsing all due to less driving and less flying as millions of americans are being forced to stay home during this coronavirus pandemic r. T. Correspondent natasha sweet is a long beach with a story. With people flying and driving last the oil industry is taking a. As you can see there are dozens of oil tankers up the coast here in Southern California but the line of work that was far north as San Francisco with simply no place to unload in this exclusive video youre looking at 20000000. 00 barrels of oil floating off the west coast roughly 3 dozen ships scattered throughout the waters from long beach to San Fr