Transcripts For KTVU Fox News Sunday With Chris Wallace 2024

Transcripts For KTVU Fox News Sunday With Chris Wallace 20240714

Then, democrats take the debate stage for the first time and light up the parties 2020 front runner. I did not praise racists. Do you agree today that you were wrong to oppose busing in america . I did not oppose busing in america. Chris how badly has joe biden been damaged and is the field moving too far to the left . Will have an exclusive interview with Democratic Party chair tom perez then ask our sunday panel who won the first debates and how it will reshape the democratic race. And our power player of the week of the new archbishop of washington on moving beyond a crisis in the church. The past is real, its painful, but the future is also possible and hopefully very positive. Chris all right now now on fox news sunday. And hello again from fox news in washington. President trump has wrapped up his trip to asia with a handshake with kim jong un, a walk into north korea and an agreement to revive nuclear talks. All this just a day after hitting the reset button with china in the ongoing trade war between the worlds two biggest economies. In a moment, we will speak with the president s Top White House Economic Advisor larry kudlow, but first, chief White House Correspondent john roberts reports from south korea on todays dramatic developments. The two leaders walked right up to the line between north and south, shook hands, then President Trump stepped into history becoming the first sitting american president to walk on north korean soil. This is a historic moment. After a photo up to document the moment, the president and kim jong un and walked back into south korea completing a diplomatic journey without precedent. A lot of progress has been made, a lot of friendships have been made and we like each other from day one and thats very important. President trump said that invitation to meet kim was on a whim tweeting that he planned to visit the dmz with south korean president and would kim like to join them . The meeting was supposed to last just a few minutes but stretched to more than an hour. I enjoyed being with you and thank you very much. Their last meeting in february ended badly after President Trump rejected his offer to shutter the Nuclear Facility and said only full and verifiable denuclearization would lead to being lifted. In an impromptu today, the two agreed to restart talks that had been suspended. Todays meeting was a gamble. It could have yielded nothing and may still lead nowhere. But making history, President Trump hopes to shake something loose. South korean president moon had high praise for President Trump today saying he hopes the president will finally be the one to bring peace to the Korean Peninsula. If we are still a long way from napa President Trump is in no hurry saying better to get it right then to russia. Chris john roberts reporting from seoul. Thank you. If the handshake with kim is the indelible image from this trip, the most Important Development may well be the decision by President Trump and chinese president xi to resume trade talks. To discuss that, lets bring in chief white house Economic Advisor larry kudlow. Welcome back to fox news sunday. Thank you, appreciate it. Chris would have the u. S. And china committed to as they resume these talks and is the right deadline for how long these talks will go on . The first point is just resuming the talks has president said, continuing the talks which had been interrupted for a while is a very big deal. I think that is the banner headline from this and i think everybodys going to be pleased at that. No promises, no deal made, no timetable, i want to emphasize that, said several times this is about the quality of the deal, theres no timetable, no rush. He is comfortable where he is in any case but i think coming back, we will resume the talks, the two teams will be getting together, tariffs will not be raised, no lifting of tariffs on the remaining 325 billion, thats an important concession by President Trump and we also expect the chinese while the talks are going, we expect the chinese to begin largescale purchases, imports of the u. S. Agriculture products and services. So new talks, resume talks, no new tariffs and agriculture purchases and the rest of it is going to go on for quite some time, frankly. Chris are we talking months, talking years . I also want to ask you if you had said that the two nations were 90 of the way to a deal before the talks broke down. Have they agreed to keep the commitments theyd already made were we starting from scratch . The president himself mentioned a couple of times in his press conference and elsewhere that he would like to go back to where we left off in early may, whenever it was and yes, that 90 number is fair although the last 10 could be the toughest and theres no guarantees that the deal will go through. Its very important i know from the american side, the relationship with china has to be rebalanced. It has been very unbalanced in recent years. As you know, we have had tremendous problems with intellectual property theft, force transfers of technology, tariffs, nontariff barriers, various cyber hacking going on and other issues. Those have to be remedied. If thats a very important point of these talks. However long that may take, it is impossible to predict, but we would prefer to go back. I dont know what the chinese side is going to say and we wont know until ambassador light heiser and secretary mnuchin and so forth get back together with their chinese counterparts. Chris one thing we do know is that the big u. S. Concession is President Trump has agreed to lift his band and to allow u. S. Companies to sell some products to the Chinese Telecom giant huawei. Here is what he said last month. While way is something that is very dangerous. You look at what theyve done from a security standpoint and its very dangerous. When that question, why is the president agreeing to do business again with a company that he says is an extension of chinese intelligence and that a lot of people say if huawei products going to other countries, it will allow them to spy on people using their products. That very well may be. Lets be careful here. The president s announcement that these meetings in osaka, he was very clear to say that American Companies can supply huawei with various products and Services Provided that there is no National Security issues or problems, so the Commerce Department as you may know already offered a number of General Service licenses for some sales. On the other hand, i think they will probably go back after the president s decision and take another look at that, maybe open it up, a lot of technology services, telecom related services that really you can find on general markets and we dont think have any National Security implications so i think theres a good chance the Commerce Department, secretary ross will open the door on that and greatly licenses. Win let me interrupt here. Because there are number of Senate Republicans who are concerned about that idea of opening the door and to some degree, lifting the band. I want to take a look at what some of them have said. Huawei is a communist party controlled surveillance agency. If prevailed as a Telecommunications Company. They are deciding to trust the Chinese Government with their big data. Chris and republican senator marco rubio tweeted this after the president s announcement this weekend. If President Trump has agreed to reverse recent sanctions against huawei, he has made a catastrophic mistake. Senator rubio said the senate will put in place all of the sanctions despite what the president has agreed to, all of the sanctions for as he put it a vetoproof majority. I appreciate that and their National Security concerns and the president shares that point of view. This is not a general amnesty. Huawei will remain on the socalled list where they are serious export controls and any National Security suggestions, there will be any licenses but having said that, i think all this kind of happens is the Commerce Department will grant some temporary additional licenses where there was a general availability. For example, some of the chips, the chipmakers in the United States are selling products that are frankly widely available from other countries and we dont think theres any National Security. So we will look at this carefully. We will undoubtedly the president will be meeting with senators and others, our own principles are going to be meeting to take a look at this but this is not general amnesty. They will remain on the socalled entity list and National Security concerns will remain paramount. Chris i want to squeeze two more questions and solicit to quicker questions and answers as you well know, the democrats held two debates this past week and they said for all the president s bragging about a strong u. S. Economy that isnt working for all americans, take a look. When youve got an economy that is great for those with money and isnt doing great for everyone else, that is corruption, pure and simple. We need to call it out, we need to attack it head on. Chris how do you respond to that . I just dont understand in general. I hear some of their policies and i hear some of their narrative and i dont understand what planet theyre describing. The United States economy is booming and running at roughly 3 average since President Trump took office two and a half years ago. On this business about bad distribution, the bluecollar workers, the nonsupervisory workers have done the best. The one running wages, their growth and income and wages as exceeding the growth of their supervisors. The Unemployment Rate is low. Just have the best june stock market the dow jones and over 80 years and thats going to fill up the 401 k s of middleclass folks everywhere. Chris let me just pick up. I dont understand that this is very important. These are factual issues. I understand that theres a political spin, but these are factual measurable areas and i do not understand their narrative. We are in a strong prosperity. Chris let me interrupt your campaign speech. It i dont think he would disagree. Is not a campaign speech. Im citing facts and figures. Chris all im saying is this, i dont think theres any question, you would agree and im going to be talking with tom perez later about the economic record but there is clearly a stark income inequality in this country. Bernie sanders press that point, take a look. At a time where we have three people in this country owning more wealth than the bottom half of america while 500,000 people are sleeping on the streets today, we think it is time for change, real change. Chris ive got 30 seconds for an answer, if President Trump is reelected in 2020, what specifically will he do to reduce, not eliminate, but to reduce the huge gap between the wealthy and the poor in this country . What we are doing right now, the best manufacturing autos, bluecollar work recovery, the fastest increase in jobs, the fastest increase in wages. Those are facts. This goes on for many decades. I do not know what some of the candidates are saying. I dont know what their factual basis is. Economic growth, a strong and durable prosperity cycle, and i will make this morning, some of the policies ive heard in some of these early debates in my judgment would do great, great damage to this prosperity and jobs and income and wage cycle that we are experiencing greater so somebodys got to do a little bit of factchecking here on what some of these candidates are saying. I would simply say the economy is strong, the narrative im hearing from the other side just aint so. Chris larry kudlow, thank you, thanks for your time. Always good to talk to you, sir. Appreciate it. Chris up next, we will bring in our sunday group to discuss the president s meeting with kim jong un and his plan to restart trade talks with china. Back in a moment. As a Small Business owner, the one thing you learn pretty quickly, is that theres a lot to learn. Grow with google is here to help you with turning ideas into action. 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Chris President Trump meeting with kim jong un after making history as the first current president and set foot in north korea. This time now for our sunday grouper and former republican congressman jason chaffetz. Fox news correspondent gillian turner, and former democratic congresswoman donna edwards. Let me start with you, would you make of the president s meeting today, obviously a great picture but how much does it move the ball in terms of getting north korea to denuclearize . I would say five years from now if we are looking back on the events of last night of todays and it appears that the Korean Peninsula has been denuclearize then this becomes a moment that really turned a page in the history book. Sitting at this table saying this is the masterstroke in the trump doctrine but waking up this morning, this is the biggest risk of his administration. The biggest possible overture he could make to the north korean dictator. I hate to disappoint me with this answer but it is just too early to say. If there needs to be some time now to see if this turns into a next step even on negotiations resume, that i would call this a success. Chris if you are on the National Security council and for obama, and your old job on the National Security council and your boss have come to you and said should we do this or not because of course we dont know what the result is going to be, would you say it was worth the risk or no . Probably not, to be frank and based on nearly every single National Security source ive gotten this administration, this is entirely President Trumps idea and of his making. Virtually zero advisors thought this was a great idea. Something he felt his team was stonewalling on so i think he got there and he said screw it, theyre not getting it done, im going to get it done myself. Chris congressman chaffetz, want to switch to what we all agree as we could be more certain is the Biggest Development for the summit and that is the decision by President Trump and chinese president g not to escalate the trade war but to kind of keep it where it is to resume negotiations. Larry kudlow made it clear that they dont know whats going to happen and how long its going to take but the question i do have for you is we do know the president has agreed to at least partially lift his band and that American Companies sell some products to Chinese Telecom huawei. A lot of republican senators and members of the house, former colleagues in congress are very concerned about this. Are you . For years, we had briefings about what this company was doing and in the National Security implications so i think the senator is the right path. I think larry kudlow will help alleviate a lot of those concerns. Of course, selling Informational Services into, you have to go through the Commerce Department in order to get that license as long as its not National Security, thats going to leave you with some concerns but the president gave up a lot and doing that but i think overall, the market will appreciate whats going on here and i do think the president is moving in the right direction, a great love between the combination of north korea and the progress with china because if youre ultimately going to get a deal, they have to be involved in that decision. Chris the deal to lift at least part of the band from selling goods to the Chinese Telecom huawei, huge, giant Telecommunications Company in the chinese very upset when they banned all sales of u. S. Technology to them. That apparently was

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