FIRST AIRED: March 14, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:02
>> It's a meeting of two of the most powerful leaders on the planet, but when US President Donald Trump meets China's Xi Jinping, dinner talk may be awkward at best. Reports say Trump plans to host Xi at his Florida resort early next month, and the Chinese leader will likely try and convince him to keep the global status quo.
00:00:20
Reuters Breakingviews Pete Sweeney says that may be a dead end effort.>> Xi is gonna struggle to sell the status quo to Trump, because Trump ran against the status quo that Xi is trying to sell him. His advisers, some of them extreme China hawks, believe that basically, this is the status quo that China has used to build itself up as a strategic opponent to United States.
00:00:41
It's unclear whether Trump has a clear agenda, and that's kind of what's worrisome for a lot of people, including people who want the US to be harder on China. And what his exact agenda would be for forcing through change without setting off a crippling trade war that would hurt American industry as well, is, we don't know, it's too fuzzy.
00:01:02
So the unpredictability here is dangerous.>> Xi's goal is made all the more difficult because Trump is already in some ways playing the hand that's usually associated with Beijing.>> The problem for China is that intelligent economists once said that the Chinese model only works so well so long as nobody else applies it.
00:01:21
If Trump, for example, starts withdrawing the US from the WTO, the World Trade Organization, if he further diminishes the American participation in these international institutions, the whole system becomes quite rapidly unsustainable, because the US, for all of it's issues right now, is still fundamentally the world's largest economy.
00:01:39
>> Trump has eased off some of his more confrontational approaches to Beijing. His office hasn't labeled China a currency manipulator or made a move on Taiwan. Even next month's meeting at Mar-a-Lago rolls back an earlier threat to serve Xi a double-sized McDonald's Big Mac for a steak dinner.
00:01:56
>> And special interests.