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Transcripts For CNN At This Hour With Kate Bolduan 20240707



already from china. we ll have much more on that in just a moment. but we re also keeping an eye on the pentagon where in just minutes, top leaders will hold a press conference. this question of military intervention in taijuan, it s very likely to be raised. we ll bring that to you when it begins. president biden is also formally answering an indy pacific trade pact. a lot to get to this hour. let s get started. cnn s jeremy diamond is live in tokyo. jeremy, what are you hearing from administration, from the white house about the president s comments in taijuan? reporter: well, listen, a white house official almost immediately after the president made those comments at a news conference saying that quote, as the president said our policy has not changed and yet, if you listen to the president s words directly, he very much does seem to be tossing away the u.s. s decades long foreign policy of strategic ambiguity as it relates to taijuan and the question of whether ....

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Transcripts for CNN At This Hour With Kate Bolduan 20240604 15:07:00

Essentially kind of co-still reliant heavily economically on china. john, what about this what do you hear about this plan? what do you think? biden said this frame work should drive a race to the top. the details are not worked out. what is it? no, it looks to be a pretty weak document at this point. look, there was an ambitious agreement that was negotiated among a number of asian countries by president barack obama, the chancetrans pacific partnership. you simply can t get a tariff reducing trade agreement through the congress right now so i think this is an attempt at a substitute for that. there will be some economic elements to it but it does not appear that it would change very much. ....

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Transcripts for CNN At This Hour With Kate Bolduan 20240604 15:08:00

We ll get some more details later but it appears to be a fairly weak document. before i let you go, john, i want to ask you, the president was asked about the concerns over the u.s. facing recession. let me play that for you. in your view is a recession in the united states inevitable? no. our gdp will grow faster than china s for the first time in 40 years. does that mean we don t have problems? we do. we have problems the rest of the world has but less consequential than the rest of the world because of our internal growth and strength. john, do you think that s the message now, it s bad but we re not getting hurt as bad as other places in the world? we have problems. the u.s. economy is not bad right now. it s growing, unemployment is low but the risk of recession is elevated and as the federal reserve moves more aggressively to try to ring inflation out of the economy, the risk is that ....

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Transcripts for CNN At This Hour With Kate Bolduan 20240604 15:35:00

Protected. it s part of making sure putin isn t able to do what he wants to do, which is basically wipe ukraine off the map. he s not succeeding today but he has not changed in terms of that being his objective. leshe s not ending the effor exactly. what do you take from president biden s statement saying that he would intervene military in taijuan if china would invade? two things. first of all, the biggest thing we want to do is detour china from using a military option. that s always in our position. one china, work it out but can t work it out through violence. it between china and taijuan to figure that out. we re also going to support taijuan, which we have. we ve sold them weapons. we ve provided some training to them over the years. long standing policy to try to discourage china from using that military option. there s a lot of different things we can do there. it doesn t sound like biden said that today? he didn t. he moved away from strategic ambiguity without qu ....

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Transcripts for CNN At This Hour With Kate Bolduan 20240604 15:30:00

Month ago, they met in person to talk about aid to ukraine, military weapons to ukraine and what alliance could do to support the war defense against russian aggression. now a virtual meeting of 44 countries to carry it one step further. they began by talking about the situation on the ground and as for taijuan, fair to say they may well get questions about president biden s statement he would use the u.s. military if china invades taijuan because up until today in that statement u.s. policy and military policy has been a sort of strategic ambiguity never saying exactly what the u.s. military would do if china invites taijuan. the president changing that up and we ll see what both pentagon leaders have to say about it. kate? barbara, great to see you, thank you for that. appreciate it. joining me for more is adam ....

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