FIRST AIRED: May 6, 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
after a day of uncertainty other China US trade talks Beijing said on Monday it was still planning to send a trade delegation to Washington this week that's following tweets from US president Donald Trump on Sunday saying talks with too slow and more tariffs will come this week to tweet sending confidence in a brewing trade deal and global markets tumbling China's foreign ministry said it hopes the US will meet China half way but at the same press conference did not answer a question about whether Beijing would still send its top trade official knew her to the meat a Chinese trade team was due to head to DC this week I'm not for talks that White House official Larry Kudlow said on Friday we looking positive we've come a long way so next week is very important when vice premier Li okay comes into town and the engagement the discussions will continue on all these subjects all the key subjects including enforcement of course so we'll say I think it'll be a clear picture by the end of that but that was all thrown into chaos by trump's weekend tweet saying he was ready to hike US tariffs on two hundred billion dollars worth of Chinese imports from ten percent to twenty five percent this Friday and while trump surprise tweets intention sky high global markets took some shopped foals China's Shanghai composite closed down by more than five percent Monday and Europe's dax index fell at the open the markets will also reacting to a report in the Wall Street journal that the Chinese delegation's trip was set to be canceled altogether the editor of China's state run newspaper global times also tweeting he thought it was quote very unlikely China's top trade menu her would now attend in DC though trump's tweets to read bipartisan support with Senate democratic leader Chuck Schumer urging the president to quite hang tough saying strength is the only way to win with China if trump change of hot sticks it would reverse , February decision to keep tariffs steady at ten percent when he cited progress on a deal the trade war is now entering its second year it resulted in billions of dollars in losses for both countries last year getting industries including autos technology and agriculture also inflicting damage on other countries that rely on trade including Germany and Japan