Century economically and technologically the United States is fighting very hard to preserve the status quo its position in the world and we can focus in on the tech sector and this is really what its more about its who is going to dominate and thats why its taking so hard to get an agreement and its and thats why its so politically important more so for trump because hes up for reelection but of course the chinese leadership has to come through for the Chinese People because well theyve been on a pretty good roll for the last 30 years they want to keep it going go ahead heather that is that is very true i think its important to stay where we are in the tariff negotiations the u. S. Has imposed thus far 25 percent and 200000000000. 00 worth of goods coming from china and that was recently increased from only 10 percent now china has also retaliated anywhere between 5 and 20 percent tariff on 110000000000. 00 worth of u. S. Goods i think its also. Its remember that we buy we meaning the
Beijing china and in forest hills we crossed to Michael Hudson he is a professor of economics at the university of missouri kansas city as well as author of forgive them their debts a Financial Times 2018 book of the year all right cross talk rules in effect that means you can jump in anytime you want and i always appreciate heather let me go to you 1st in washington it seems to me i mean you know were all covering this socalled trade war you know beat by beat pulse by pulse but you know you and the larger screen scheme of things its really about who is going to dominate this century economically and technologically the United States is fighting very hard to preserve the status quo its position in the world and we can focus in on the tech sector and this is really what its more about its who is going to dominate and thats why its taking so hard to get an agreement and its and thats why its so politically important more so for trump because hes up for reelection but of course the chines
Stay with us now for crosstalk asking whether the u. S. And china can find a way out of better trade for. A low and welcome across talk were all Things Considered im Peter Lavelle after a breakdown in negotiations president and she may soon again meet to hash out a trade deal the stakes couldnt be higher both sides would need to proceed to wind failure could witness the Global Economy divided into rival blocks and a dual internet world. Trade war im joined by my guest. The zoom in washington she is a financial analyst as well as Vice President of vision for Fund Distributors also in washington we have john gong he is a professor at the university of International Business and economics located in beijing china and in forest hills we crossed to Michael Hudson he is a professor of economics at the university of missouri kansas city as well as author of forgive them their debts a Financial Times 2800 book of the year all right crosstalk rules in effect that means you can jump in anytime y
And good will on all principles on current negotiations. We thank you for the service of so many who work in this building whose labor provides the lubrication for the very public actions of the members of this assembly. Though each deserves special mention, bless especially this day, jay pierson, who works his last day of 34 years of faithful service on the floor of the house. May all that is done this day be for your greater honor and glory. Amen. The speaker pro tempore the chair has examined the journal of the last days proceedings and announces to the house her approval thereof. Pursuant to clause 1 of rule 1 the journal stands approved. The pledge of allegiance will be led by the gentleman from new york, mr. Higgins. Mr. Higgins i pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The speaker pro tempore the chair will entertain requests for oneminute speeches.