CEASE AND TARIFF SITUATION.
>> INEFFICIENT HAS MARKET DOWN
ANOTHER 400 POINTS TOP STORY
THAT TRADE TENSION, IT IS
MOUNTING CFO OF CHINESE
FINANCIAL GIANT HUAWEI HE HAVE
ARRESTED SATURDAY AT REQUEST
OF UNITED STATES A MOVE LIKELY
TO ESCALATE TENSIONS BETWEEN
TWO COUNTRIES THIS IS SENDING
SHOCK WAVZ THROUGHOUT GLOBAL
MARKETS ON SAME NIGHT AS HIGH
STAKING DINNER BETWEEN
PRESIDENT TRUMP AND CHINESE
PRESIDENT XI JINPING.
TWO ESTABLISHED THAT 90-DAY
TRADE TRUCE, JOINING ME IS
FORMER CANADIAN PRIME MINISTER
AUTHOR RIGHT HERE RIGHT NOW
STEVEN, HARPER MR. PRIME
MINISTER GREAT TO SEE YOU
THANKS VERY MUCH FOR JOINING
ME THIS MORNING.
>> THANKS FOR HAVING ME.
>> CFO OF HUAWEI WAS ARRESTED
IN CANADA GIVE YOUR THOUGHTS,
OF THIS RELATIONSHIP BETWEEN
THE U.S., AND CHINA OR EVEN
CHINA AND REST OF THE WORLD
INCLUDING CANADA.
BECAUSE THIS IS THERE IS MORE
TO THIS STORY THAN JUST IRAN
SANCTIONS THIS IS ABOUT
ESPIONAGE BANNED THE POTENTIAL
FOR CHINESE GOVERNMENT TO USE
HUAWEI USE ZT AS AN ENABLER TO
SPY ON POLITICAL ENEMIES OR
EVEN FRIENDS LIKE THE U.S.
>> JUST A COUPLE THOUGHTS, I
AM NOT GOING TO SPECULATE ON
ARREST A CRIMINAL MATT GOING
TO BE BEFORE COURTS I DON'T
KNOW SPECIFICS WHAT I DO KNOW
IS THAT WHEN I WAS IN
GOVERNMENT WE WERE
INCREASINGLY CONCERNED ABOUT
THE PENETRATION OF HUAWEI AND
ZTE, INTO WESTERN DEMOCRATIC
TELECOMMUNICATIONS NETWORKS
THESE ARE ORGANIZATIONS
ULTIMATELY TIGHTLY TIED TO
CHINESE SECURITY APPARATUS WE
THINK THERE ARE SERIES ISSUES
THERE, I OBVIOUSLY NOTE THAT
UNITED STATES, IS ENCOURAGING
WESTERN ALLIES TO ESSENTIALLY
PUSH HUAWEI OUT OF EMERGING 5G
NETWORK MY PERSON VIEW THAT IS
SOMETHING WESTERN COUNTRIES
SHOULD BE DOING IN TERMS OF
OUR LONG-TERM SECURITY ISSUES,
AS LONG AS PEOPLE HAVE TO
REMEMBER CHINA IS NOT SIMPLY
AN ECONOMIC COMPETITOR MAJOR
CHALLENGER I THINK THAT
BOTHERS LESS THAN THE FACT
CHINA THIS IS FACT A
GEOPOLITICAL RESTRICTIVELY
THAT MADE NO SECRET OF THE
DESIRE TO SPREAD ALTERNATIVE
TO WESTERN DEMOCRATIC NORMS I
THINK SOMETHING SHOULD CONCERN
US.
>> WHAT SHOULD BE DONE, THEN
MR. PRIME MINISTER?
BECAUSE YOU KNOW, WE CAN'T
LOOK AT THIS STORY IN
ISOLATION AS IF THIS JUST
HAPPENED THIS YEAR.
OR THIS JUST HAPPENED LAST
YEAR, I MEAN WHEN YOU WERE IN
CHARGE, AND RUNNING CANADA,
YOU, TOO, LOOKED AT THESE
COMPANIES AS THE POTENTIAL
THREAT.
WHAT SHOULD BE DONE IN TERMS
OF GETTING CHINA TO CHANGE ITS
BEHAVIOR IN TERMS OF SPYING ON
THE REST OF THE WORLD,
STEALING TRADE SECRETS, AND
THEN COMING UP WITH COMPANIES
THAT COMPETE WITH THEM, AND
BEATING US AT OUR OWN GAME?
>> WELL, THERE'S MANY THINGS
HAS TO BE DONE, AS I SAY, ONE
OF THEM IS OBVIOUSLY DEALING
WITH THE PARTICULAR PROBLEM OF
THE PENETRATION OF THESE
TELECOMMUNICATIONS AGENCIES
INTO THE WEST A CONCERN IN AND
OF ITSELF, PRESSURE HAS TO BE
BROUGHT ON CHINA TO CHANGE
BEHAVIOR IN TERMS OF
RULEMAKING AS YOU KNOW I GO
FARTHER IN MY BOOK ARGUE ARE
RULERS HAVE TO BE CHANGED WE
HAVE A SITUATION CHINESE HAVE
WIDE-RANGING ACCESS TO OUR
MARKETS, OUR ACCESS TO THEIR
MARKETS IS EXTREMELY LIMITED,
IT HAS CAUSED LOSS OF MILLIONS
OF JOBS IN NORTH AMERICA.
AND FRANKLY THE TRADE DEFICITS
KEEP GROWING AS CHINA GETS
MORE WEALTHY THE ON IT SHOULD
SHOULD BE HAPPENING
ESSENTIALLY I THINK THE UNITED
STATES HAS UNDER LONG TERM
POLICY, BEEN ESSENTIALLY
PAYING FOR THE RISE OF AN
ALTERNATIVE RIVAL AND THIS IS
SIMPLY UNWISE, LOOK I KNOW
THAT MARKETS GET RATTLED BY
THE ADMINISTRATION TRYING TO
TAKE ON THIS PROBLEM, BUT IF
WE DON'T TAKE ON THIS PROBLEM
NOW, AND TR LONG TERM THIS IS
GOING TO GET WORSE FRANKLY WE
WILL GET TO THE POINT LONG
TERM WHERE CHINA CANNOT BE
TAKEN ON WHERE IT IS
DETERMINING THE RULES OF THE
GLOBAL SYSTEM ARBITRARY WAYS
THAT SIMPLY SUIT ITS OWN
INTERESTS, SO YOU KNOW, WHILE
I DON'T KNOW IF I AGREE WITH
EVERY ASPECT OF THE
ADMINISTRATION'S POLICY,
TAKING ON THIS ISSUE, OF
CHINESE RULE BREAKING AND
RULES THAT FRANKLY ALLOW CHINA
TO EXPLOIT A TRADE