Global Supply Changes News Today

People and ties into almost every continent in the globe to make sure they have an economic relationship with other countries, that they get trade deals with other countries, so that they can continue to grow. often at our expense. and a lot of this is on us. we sit here and freak out about -- sore the president freaks out about a trade deficit. but the bigger problem, really how easy it is for china to use its authoritarian regime to force our economies to turn over our technology to them which...

Our al thrice put pressure on china. of course, the president decided he didnt want to do that. he wanted a better plan. a plan that hes not yet shown us. >> look at what the germans are doing. germany, one of the great u.s. allies wants to do a ton of trade with us is very frustrated that were pulling back from our alliances and trade deals. and what are they doing? theyre looking to the chinese. remember when the head of china went to davos and said, listen, i want to fill that void. if its am...

Xi jinping is going to be in office for the refuse of his life. and whether were talking about a lawmaker who needs to get elected for the next few years or a ceo who has wall street analysts beating down his ear every day, we cant make long-term moves, we wont let them. >> its a fundamental defect in our government. always has been, were ill equipped to move quickly enough to think long term. in terms of how do we structure the education system, how do we structure trade, how do we structure ou...

The actual base, the folks who are suspicious of trying to split that difference in some sort of way. and let me just say this about the bill. >> dont they also have to figure out who the base is. >> well, yeah, thats true. in georgia last night gives us an indication of how complex that is with stacey abrams nomination. >> its complicated. >> it is. i want to say this. if its the case, could you imagine that one of the points that you could get towards rehabilitation is working, right? being ab...

Note, trade deficits, as much as they are fueled by the chinese government policy, theyre also pulled by u.s. demand. its stunning. its as though the president has no ready how trade deficits work. and then theres this. with todays global supply changes, a made in china smartphone -- stay with me -- one of these can contain up to 30% of their parts from the united states. and heres the thing, the u.s. trade data, they do a terrible job accounting for this. they dont put it in their data when the...

And sentencing on the front end. thats one of the things that particularly democrats would like to see a lot more in this bill. >> the bill does have support from some democrats who have previously criticized and cant we make the argument something is better than nothing? i mean, this thing is called the first step. >> reporter: right. absolutely. its in the title here, the first step act. but democrats are not entirely confident, particular spli senate democrats, im thinking of folks like cory ...