and jamey was on the staff at the national security council at the clinton administration and is a senior fellow at the atlantic counsel. nice to see you. so this agreement on the part of the chinese to buy more goods without specific commitments, what does that mean to you? reporter: it s not that big of a deal in the sense that it will be great, if china decides to buy more from the united states, it term helps people in the united states who are buying agricultural products or energy. but there s also a harm to the united states in that for china, they have to buy these goods anyway, so they re either going to get them from the united states or from allies in many casings of the united states. search china s buying more soybeans from us, maybe that means less from canada, less from the eu, if they re getting less liquefied natural gas from us, maybe they ll get it from
china. we re going to get more in energy exports, but we re going to harm or and the name of the game is not the economies and energy, this is the advanced ai, robotics, everything else. so in the joint communique, they say that intellectual property is important, and it certainly is, but china has made no commentment to change the rules of the game for changing the rules for china and that s far more important than changing the deficit. that s a big one, the u.s., or at least this administration really accusing them to stealing, robbing us of intellectual property, wr8d the would that be in that administration, is that donald trump change the way he does
business? a and. president trump has said this is something that is important. but the question is, if you were china, and you were betting your whole country over developing these industries of the future, what s going to get you to clang. so certainly with the united states, at least with this current strategy isn t going to do it because we re talking about deficit reduction, and it s going to be easier to address deficit reduck sthun that the broad energy crisis. if the way to do it would be to get all our allies together and together develop a joint standard for what future trade ought to look like, and that s what the u.s. did under past democratic and republican presidencies, and that was the ultimate pressure mechanism on china for his advanced issues including ipr. and without that, we have this
garlique® helps maintain healthy cholesterol naturally. and it s odor free. and pharmacist recommended. garlique.® welcome back. after weeks of tension over trade, the u.s. and china have reached a cease fire, saying they will hold off on any tariffs after reaching an agreement that would increase the price of any goods or services. this morning steve mnuchin wouldn t discuss any specifics. we have specific targets. i m not going to publicly disclose what they are. they go by industry by industry. as i said, not only do we have targets, but ultimately, this is about industry, being able to have heart contracts and deliver these goods.