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Problem you have is that the inflation data is lacking so that the policy actions they are taking todayis the policy actions they are taking today is at a time when the economy is already in some quarters showing signs that it is slowing down. we just had retail sales figures that were disappointing, showing that americans weren t spending as much as they had previously and where they were spending on things like gas prices, eating at restaurants, we know a lot of that has to do with the fact that it s we know a lot of that has to do with the fact that its higher prices they are having to pay them both those areas. they are having to pay them both those areas- those areas. donald trump when he was president those areas. donald trump when he was president used those areas. donald trump when he was president used to those areas. donald trump when he was president used to offer - those areas. donald trump when he was president used to offer a - was president used to offer a running ....
Governmental action to force producers to produce more. an interesting issue here for everyone, which is that the us is normally energy independent, but the premise is that energy is a global market, short of the dramatic action she was talking about, we cannot force producers to produce, but it may be something the us government has to think about, particularly with those midterms and nine. think about, particularly with those midterms and nine. yes, how do you see this? even midterms and nine. yes, how do you see this? even if midterms and nine. yes, how do you see this? even if we midterms and nine. yes, how do you see this? even if we look midterms and nine. yes, how do you see this? even if we look at - midterms and nine. yes, how do you see this? even if we look at the i see this? even if we look at the united states, what doesjoe biden need to do, do you think is mack exactly what he s doing. he mentioned the release from the strategic mentioned the release from the st ....
So, they seem to be trying to engage more. biden really wants to engage with china from a position of strength and, indeed, that was competing with china was part of his sales pitch for the infrastructure spending bill that he signed, indeed, on the day that he met virtually with president xi. you know, his approach has been to cajole allies into backing the us approach to counter china and that seems to be coming into focus and succeeding, but i think the big issue facing both countries is climate change and the biden administration doesn t seem to be prioritising climate change in its dealings with china, which is surprising. they did sign thatjoint statement at cop26 but i don t think anyone believes that is really going to lead to any meaningful, new cuts in emissions by china and without that, we will not ....
Concern that really, what is going on in the solomon islands is really tensions between the us and china being played out on a very small scale. i just want to pick up on that thought. before i bring injanet, stephanie, we ve talked on this programme before about joe biden needing to develop a china strategy. there was a time, and a lot of these countries where they looked to beijing, they looked to washington, we are seeing a bit more independence, we had former japanese prime minister shinzo abe saying hang on, don t touch taiwan orjapan will cause you trouble , but does the biden white house get any clearer about its approach to handling china? well, you know, they had these talks a couple of weeks ago, a virtual summit between joe biden and president xi and that was meant to ease tensions and the fact that the talks lasted for more than three hours was seen ....
As a good sign, but i don t think that anyone believes there is any real thaw between washington and beijing happening right now, there are still huge different is over human rights, both in hong kong and with the uyghur muslims, they raised issues, tensions in the south china sea as well as the taiwan strait, and indeed after those talks president xi warned that any encouragement of independence, taiwan s independence, would be playing with fire. i see us relations with china kind of evolving. in the spring, you had two senior biden officials describe their approach to china as moving from one of engagement into one of competition, they seem to be moving back towards engagement i think to put up what the national security adviser jake sullivan calls guard rails to make sure that there s no miscommunication that would cause any, you know, unnecessary conflict. ....