countries will include the united kingdom, bahrain, canada, france, italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and that s why i m convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond to address this threat. for exactly what this shipping disruption might mean for the global economy, i spoke to hung tran, who s a seniorfellow at the atlantic council and also former deputy director at the international monetary fund. this area of the red sea leading to the suez canal is quite important in terms of the volume of trade passing through it. about 12% of global trade passes through the red sea, including 30% of the container shipping. all together, it accounts for about us$1 trillion per year of world trade, so it is quite significant, and a disruption there would cause damage to world trade. aside from avoiding this area, what can companies do
where is the biggest performance in the world? does anyone know larry kudlow? you think money, right, larry? i didn t know that. china is the worst performing stock market right now in the world. that s because of us. and we have to be one of the best performing stock markets, but we are the best performing country. we have a lot of potential for further growth. so we re doing very well over in china. our people are there, i know the people very well. and i think we re going to have some good answers. i m unhappy. i could live with them paying billions and billions of dollars.
anybody ever heard of larry kudlow? left back that voice, i hear that voice. and you think of money. right, larry? thank you, sir. [laughter] president trump: i didn t even know that. china, he said, is the worst-performing stock market in the world. we want china to do well. that s because of us. we have to be one of the best performing stock markets. but we are the best-performing country. we have a lot of potential. so we are doing very well over in china, our people are there. the people are very well. i think we are going to have some good answers. either way, i m happy. i m happy either way. i could live receiving billions and billions of dollars a month from china. china never give us $0.10. it was always the opposite way. now they are paying billions of dollars a month for the privilege of coming into the united states.
$20 trillion since we started this whole china is the worst performing stock market in the world. has anybody ever heard of larry kudlow? that voice, i hear that voice. and you think money, right, larry? thank you, sir. i didn t even know that. so china, he said, is the worst performing stock market right now in the world. and we don t want that. we want china to do but and that s because of us. and we re have to be one of the best performing stock markets. but we are the best performing country. and we have a lot of potential for further growth. so we re doing very well over in china. our people are there. you know the people very well. and i think we re going to have some good answers. you know, i think either way i m happy. i m happy either way. i could live receiving billions and billions of dollars a month from china. china never gave us ten cents.