how frustrating is that for you? well, it s incredibly frustrating, but i think and it speaks to the challenge that the democrats have in terms of messaging. but it is important to understand, this really is the tale of two economies, and you see this playing out in pennsylvania. the president will be talking about low unemployment and vice president biden will be talking about stagnant wages. you can talk about tax cuts or you can talk about rising income inequality. you can talk about the fracking boom that s happening in pennsylvania, which is what trump will do, and biden will say, actually, that boom happened under the obama administration. the truth is, when you take a look at the numbers, where this economy right now is essentially where it was when barack obama left office. and yet, the only difference is we have a $1 trillion deficit, we have a trade war that s damaging both farmers and businesses in places like pennsylvania, and the manufacturing sector, which had been do
reached on equal basis another example is that many chinese people actually complained about the $40.00 to $50000000000.00 u.s. dollars purchase of the us agricultural products i think it s a big concession but the chinese state media try to tell their people that actually buying more u.s. products is china s unique bargaining chip and if the purchase volume goes up it means that american farmers depend more on china and mutual dependence is not a bad thing so from the new wording and their interpretation china said that the 2 countries are finally on the same page this is the interesting how they telling the story at home when you see the challenges in ending this trade war that. well i think the biggest challenge is still how to put goodwill on paper before documentation as they can the both. many details remain sketchy after
battle could ultimately be consumers in both countries. let s bring in our correspondent linda. linda what are people saying where you are is china going to come out on top. well china being a one party government since one thousand nine hundred forty nine it means that this has means to waste this trade war for longer and apart from terrorists it s actually launched the typical terrorist is also oil companies like alibaba has also backtracked its promise of treating a million jobs in the u.s. that this promise was made in twenty seventy and now it s a they no longer does it s going to do it because of the trade war that s ongoing and next week look at the population of over a billion and it s also one of the ways that you know the government could actually boost domestic consumption growth so these are some of the advantages that china my have when going into this trade war going forward for the long term and we re trying to could be. sustainable but at the same time reports keep roll
goods more expensive for americans and spark a trade war that, although the president says trade wars are easily won, they re not. trade wars are only lost and this whole liberal international order in terms of rules based trade that we have helped establish over the past 70 years, we are now running away from and i think our allies are certainly scratching their heads and saying where are they going and in this case of, for example, the transpacific partnership, the president exited the negotiations on early on, those countries are not saying, oh, all right, we ll wait till they come back to the table. they re moving on and leaving us behind. that s no position we want to be in because if we want to have economic growth in the future, it involves trade and so we ll have to enter into many more multi-lateral and bilateral trade agreements. you re backing a bill that