Page 1195 - Leverage News Today

Coherent, ridgid hierarchical system such as we did in the cold war, so we have to look at the individual relationships the asian countries have with the u.s. one by one. japan, of course, remains a stalwart american ally. if you look at south korea, for example, another important ally, they have been much more accommodating on chinese initiatives. theyre moving forward with the belt and road initiative to enhance their industrial exports. australia, another very important american ally, has jus...

Partnership. >> we can do a before and after comparison. the united states is clearly no longer heading security order in asia such as we knew during the cold war. so we have to really look at the individual relationships that asian countries have with the u.s. one by one. japan of course remains an american ally but look at south corey, korea, they are moving forward with belton road initiative, collaboration with china to enhance the industrial exports. australia has just announced it does not...

As with any meeting of world leaders, protesters turned out in force. look at the live pictures from near the g7 summit. protesters are demanding action, from globalization to the environment and economic policy. police have yet to release figures on how many protesters were arrested on sunday. cnn european affairs commentator dominick thomas is with us to put all of this in perspective. dominick joining from berlin. boris johnson, the new role he has, he got to speak with the u.s. president and...

That the united states, and donald trump, has more leverage, as the united kingdom extricates itself from the european union, if it does achieve brexit. it stands in a much weaker negotiating position on the global stage that we see this year. the obvious reference would be china. one can only imagine what wiit would be like when it deals with a smaller political power than in the united kingdom. we see leaders at the g7, on the global international stage, under scrutiny. each of these leaders i...

Russia amongst these seven liberal free market economies. thats why were seeing all of these one-on-one one-off, bilateral deals, bilateral discussions. thats the only action in town. boris johnson knows that. so he has to protest to the extent to make his position clear but he doesnt have any leverage to work with and he needs donald trump more than donald trump needs him. >> this is the third g-7 summit that president trump has entered or attended and said russia should be readmitted. that sus...

Trade deal with the united states. who has more leverage in that relationship? >> the u.s. has the leverage, first of all, because the trade deal is mythical. you cannot get a trade deal even under the best circumstances, within two to four years. the idea theres going to be a u.s./british trade deal, not going to happen. but johnson has to maintain the illusion. the problem for johnson, that makes it look like hes in the americans pocket, and begging for a deal. for example, only a couple weeks...

This as its gaining leverage, the president is actually on defense, hes worried and i dont actually thinks 00 basis point cut in interest rates as the president calling will do anything, the bigger problem is trade uncertainty, its not lack of credit. paul: thats the key issue, monetary policy that counter act policy act? >> jarome powell -- >> acknowledging remarks, this is not the answer to trade policy, i think he knows the limits, he seems to be setting table to cut more on the basis of trad...

Sector, but hes dragging down the entire global economy. the way to do this, if you wanted to stand up to chinas unfair trade practices, if you wanted to stand up for american workers and businesses, is not to alienate the united states from the rest of the world and take on the chinese alone, it would be to rally all of our allies, the people hes seeing at the g7, the countries we negotiated with, that mike froman negotiated with in the obama administration, so we would have a united front to g...

We cant win in population, they out-populate us, obviously. >> we are a leader in innovation. but they are also catching up quite a bit in a number of areas. and according to some, theyre ahead of us in some areas. we shouldnt be complacent about it. we havent invested in the same way domestically as they have. >> why dont we buy everything from vietnam? >> we are buying a certain amount. >> wouldnt that screw the chinese? >> china is the second largest economy in the world, the first largest co...

We ought to threat them like an enemy. that shouldnt stop them from doing what we want them to do. they have no interest in giving up the only leverage and testing president trump at a time when he is obviously struggling with china, which is probably the most important country in that try trioraniangle there. we deescalated from a couple summers ago when we thought we were on the brink of new clear war. that doesnt mean the north koreans are bad actors than, the bad people. >> the president cal...