Word that the Trump Administration has completed a phase one drug deal with china. Thats calls for pushing back on tariffs on chinese goods. 50 billion in exports scheduled to kick in sunday. Well find out if that is the case. Michael pillsbury is here to join us on all of this. Wall streets vote is already in. The dow surging ahead 225 points, and the s p 500 up 26 points. The nasdaqs 117th close in the trump era. Two principle aspects to the trade agreement reached between china and the United States. Economically what benefits each country. What does each give up and what will rehave as a result in balanced reciprocal trade and politically what are the up reply cases for u. S. National security . With us tonight to take up all of that, dr. Michael pillsbury, hes director of the center for chinese strategy at the hudson institute. Good to have you with us. This is an extraordinary step forward. It is, however, still clearly unformed. What are your thoughts . I think its a tremendous
React to all of this dire political theater by moving to new record heights, the house of representatives in the midst of it all, all the drama also passed President Trumps usmca, the new trade agreement with canada and mexico. 1. 3 trillion worth in a matter of fact, in the midst of all the political turmoil the radical dems aversion for more than three years, President Trump succeeded in delivering another Major Campaign promise. Continuing to balance and make reciprocal u. S. Trade in with House Speaker pelosi decision to delay delivery delivery and with the house now adjourned for the holiday, there will not be any action until early january. The president maintaining that the dems entire process is a hoax, set up and the republicans are now winning because of hello sees outright default. For more we turn to chief White House Correspondent john roberts. Reporter thank you very much. Its a great honor. In the oval office welcoming former democratic congressman Jeff Van Drew to the c