The committee will come to order. Thank you all for coming today, i dont think all of you for being here. It is our honor to have the deputy secretary of state here to testify on u. S. Policy regarding peoples republic of china. I originally defaulting back in march, however, our need to focus on the Community Protests from doing that. It is important this committee continue its work on its most committing Foreign Policy challenges, obviously china is one of those. As a complete mistrust correctly recognized, china is a strategic in global competitor of the United States. It would be the greatest Foreign Policy challenge the United States faces in decades to come. Policies of the Chinese Communist party undermine u. S. Interests and values, as we share with partners around the world. Covid19 has brought this challenge the fork front of american life. We now know just how much the Chinese Communist partys decisions and actions directly affect u. S. Citizens, our allies and partners in t
Have deputy secretary of state Steven Biegun here to testify. Originally planned to hold this hearing back in march but the need to focus on covid19 prevented us from doing that even as we continue to address the pandemic and the impact on the u. S. Citizens. It is important this can many continue it to work on the most pressing Foreign Policy challenges and obviously chinas one of those. This is especially the case and the topic we are discussing today is a Trump Administration is correctly recognized china as a strategic and global pedant competitor of the United States it will be the greatest foreignpolicy challenge in the decades to come. The policies of the Chinese Communist partys undermined u. S. Interests and values including those we share with allies and partners around the world. Covid19 has brought this challenge to the fore front of american lyford we now know just how much the Chinese Communist partys decisions and actions directly affect u. S. Citizens, our allies and pa
Focusing on covidien team prevented us from doing that even as we continue to address the pandemic and its impact on us citizens it is important we continue the work on most pressing foreignpolicys challenges in china is one of those especially the case with today is the Trump Administration has recognized china is a strategic and global competitor to the United States will be the greatest form policy challenge United States bases in the decades to come the policy of the Chinese Communist party undermine us interest and values including those we share with allies and partners around the world t t. Covid19 has brought this challenge to the forefront of American Life to know just how much the Chinese Communist partys decisions and actions directly affect us citizens our allies and partners in the entire world and we know the pandemic will not stop their behavior whether hong kong the South China Sea or the border the last three years the Trump Administration has tried to put the United S
Time again for Tariffs Washington takes trade sanctions with the e. U. Up a notch over a transatlantic over aviation subsidies. Also on the show beijing makes big promises in brussels equal treatment of chinese and Foreign Companies back home but will china walk the talk. Welcome to business im jenelle and in berlin good to have you with us President Donald Trump has lashed out at europe for subsidizing plane maker airbus saying thats made for unfair competition with the u. S. Is boeing now trump wants to settle the score by launching a new round of tariffs on european products bringing together a decades long dispute and much more recent Trade Tensions. Airbus isnt just an Aerospace Giant its
a paneuropean collaboration supported in part by Government Subsidies a fact the United States says gives airbus in unfair advantage one that President Trump wants to take action on via tweet he announced Eleven Billion dollars in new punitive tariffs on european products its a conflict that has
A small french town are hoping for just that and beijing makes a big promises in brussels pledging equal treatment of chinese and Foreign Companies but will china walk the walk. Across the program the International Monetary fund sees the Global Economy at a quote delicate moment the Organization Organizations chief Economist Says that while she does not predict a global recession there are many side risks the i. M. F. Forecasts Global Growth of three point three percent this year and three point six percent and twenty thats a slowdown over last year and weaker than originally forecast weakness is expected in the United States thanks to trade wars and proposed tariffs on cars all the worries are drags it and a general economic slowdown in the worlds second biggest economy in china. Now for more on those lets bring in our financial correspondent in frankfurt the i. M. F. Says this is a delicate moment for the World Economy and some Major Players like china or germany might need to take s