over the last 5-6 years, we ve been losing 300-500 and billion dollars a year. billion. chris: i know you say the u.s. started it but at this point, whoever started it, or the u.s. and china engaged in a trade war? we don t want to have a trade war with any country including the united states. but the fact is, through the balance of through between china and the united states. do you know how how much benefit american consumers and american companies through their operation in china, you have to look at the whole picture. it s important to notice who started this trade war. we never wanted a trade war but if someone started a trade war against us, we have to respond and defend our interests. chris: u.s. officials say china is not so innocent.
they say you steal intellectual property. that you force technology transfers from companies that invest in china to chinese companies. and here is trade advisor peter navarro talking about china. structurally, it s geared toward being the parasite in the world. everything it does to grow its economy often comes at the expense of everybody else. chris: and just this week, a top chinese intelligence officer was extradited back to the u.s. for allegedly trying to steal secrets from ge aviation and other aerospace companies. i think all of these accusations about how china has developed are groundless and not fair to the chinese people. china has 1.4 billion people. it would be hard to imagine 1/5
which plug in to extend the wifi even farther, past anything that stands in its way. .well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. chris: president trump policy toward china keeps getting tougher, as the world s two biggest economies face off. not just over trade but military and political issues. earlier, i sat down with china s ambassador to the u.s., cui tiankai. to discuss relations between our two countries ambassador, welcome toturn to. thank fox news sunday . thank you. when it comes to beijing s
workers. i think this is the new face of the trump economy. blue-collar workers and men and women who own their own small businesses. as i said, the incentive to change.the president has ended the war on business. and to the war on energy. ended the war on success. if people go out there and take a rip at the ball, and that s exactly what s happening. chris: may have started a war with the federal reserve. he repeatedly called out the federal reserve this week for raising interest rates. here s just one example of that. i think the fed is far too stringent and they re making a mistake. and it s not right. and it s, despite that, we are doing very well. but it s not necessarily in my opinion. i think i know about better than they do. chris: but larry, isn t that exactly what the fed is supposed to do when the economy
united states is right? that denuclearization has to happen first or do you agree with kim, that north korea takes a step, the u.s. takes a step? i think in order to achieve our goal, we have to have a coordinated face and step-by-step approach. chris: that s the cam position. this is reality. how can you convince him to give up nuclear weapons without any hope that the u.s. will follow a more friendly policy toward him? chris: finally, president xi jinping and president trump will meet at the g 20 summit next month in november. what do you think are the possibilities they can turn this situation around: make it less tense? i was very honored to be present at the meetings between the two presidents. both at mar-a-lago and in