FIRST AIRED: May 7, 2019

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

00:00:00
John is still sending its top trade official to Washington this week Beijing said Tuesday Lou her would still had to DC on Thursday that's after days of market turmoil and confusion over with the talks with the US would actually go ahead trade representative Robert light Heyse one of Washington's leads in the talks said on Monday he'd seen a quote erosion in commitments by China over the past week evidence China was backtracking maybe what pushed US president Donald Trump to say he'd hiked tariffs on Chinese goods this Friday trump tweeted Sunday he'd wrap up tariffs on two hundred billion dollars worth of Chinese goods from ten percent to twenty five percent because trade negotiations we're going too slow but right as Michael Martina has been covering the story from Beijing and says some observers won't be surprised by the flare up so both governments in in recent in recent weeks before %HESITATION trump's latest remarks had had been expressing optimism about the possibility of reaching a deal in fact if you talk to trade experts and even executives and companies involved in trying to US trade there's actually a fair amount of skepticism that any kind of long lasting deal could be reached basically because of the rigidity of US demands and because China's essentially unwillingness or %HESITATION inability to implement such reforms Chinese trade experts say that recent positive economic indicators could mean that both sides are have less incentive to quickly reach a deal whether or not that's actually the case most people here in China believe that we China is unlikely to fully respond to US demands to essentially revamp its economic model they suggest that it would be more disasters politically for China's government to capitulate to the United States on these issues then it would be for it to face an economic downturn the trade conflict between the world's two biggest economies has cost each side billions of dollars in the past year affecting industries from auto manufacturing to act