Page 1344 - Leverage News Today

On the chinese side. >> and you combine it that there is already a major impact on the china economy and the economy was slowing down before the trade war. so there is a lot of incentive on chinas part to get a deal done and you could also argue there is incentive on the united states part as well. but lets listen to what president trump said over the weekend, the leverage that he is counting on when it comes to getting a deal done with china. >> the china talks are going very well. i spoke to p...

Evening. theyre going to end spend the day today on monday and then on tuesday with meetings with their chinese counterparts before going back to beijing. i think part of the reason that people arent expecting an agreement here is because of the level that these talks are being held at. its really at vice ministerial level. youve got the deputy trade representative from the united states and an undersecretary from the treasury department for international affairs. theyre leading the u.s. delegat...

Their job lay the groundwork for a deal that will end the trade war between the worlds two largest economies. china has already made some concessions and u.s. president donald trump says hes got leverage. anna stewart has the details. >> reporter: trade talks restart monday between china and the united states with deputy trade ministers meeting in beijing for two days. now, this will be the first formal negotiations weve had since president trump and president xi agreed to a truce last month. no...

Actually be struck before march 1 because that is the date president trump threatened to impose another round of stiff tariffs. matt rivers is live for us in beijing with the latest on this. matt. >> reporter: stop me if youve heard this one before. china and the u.s. are negotiating over trade. something weve talked about for a long time. it is continuing. and yet there still havent been any real results. so if you listen to the president, there might be more chance or a little bit more incenti...

Negotiators from the u.s. and china will sit down face to face. their job, lay the groundwork for a deal that will end the trade war between the worlds two largest economies. china has already made some concessions, but president donald trump says the tariffs are working, so he feels hes got leverage. lets turn now to cnns matt rivers. he joins us live from beijing with a closer look at all of this. so matt, of course its critical what both sides say in the leadup to all of this. how helpful is ...

In congress and vote. >> youre both like yeah, yeah, no restraints. >> a little untethered is what i say, unleashed and being able to go out and speak your mind and actually get things done by getting the american public involved. >> lets start today. lets start right now. >> yeah. >> we have a shutdown, the second longest shutdown? history. fix it. if i feel like if we sat you both at a table or put you in a room, a republican and a democrat and said youve got minutes to make a deal, i bet you ...

Market recently. and so if you are looking for some hope, maybe it is because things are going great in both places that both sides would want to make a deal and get out of this trade war. but that said, there is still a lot of work to go before any deal is finalized. >> yeah, those tariffs usually passed on to the u.s. consumer. matt rivers, thank you, my friend. this is interesting as we move forward. tim cooks thoughts, how much do they weigh in on the back drop to all of this. because he mad...

Overtake the u.s. economy at some stage which im guessing the u.s. is quite worried about well i mean i mean you could escalate this further right because there was a large amount of these tariffs that were supposed up to twenty five percent on the american side and thats been the late so there is that in the back pocket but yes both sides have leverage over the other i mean chinas economy has been so built around exports that its really getting hit hard right now its seeing that without the dom...

With both sides win. >> do you care about the wall? >> i could care less whether they build it or dont. >> it makes no difference. at this point i need to make sure the mortgage and truck payment are made are more important to me. >> what is the moral like? >> it is flat out at the bottom. people are coming to work, being forced to work overtime, and not being compensated in any form. they have to bring extra lunch and food and there is only so much funds to go. >> they want me to run to a knife...

To perhaps move with the democrats. so you see this administration working hard to try to corral republicans, keep them in line. vice president pence is scheduled to go to capitol hill on wednesday after the presidents speech to try to rally republicans around the border wall. but this white house knows as well as anyone, if republicans start to break, this shutdown ends. as long as the republicans hold with the president on the wall, you have a standoff, you have democrats potentially breaking....