LIZ: ALL RIGHT LET ME START WITH
THE GOOD NEWS THAT'S COMING OUT
OF THE MASSIVE INTERNATIONAL
MONETARY FUNDS SPRING MEETINGS
GOING ON IN D.C. TODAY.
LOOK AT THIS THE IMF TASKED WITH
SECURING GLOBAL FINANCIAL
STABILITY HAS HIKED ITS
PROJECTION FOR U.S. GDP THIS
YEAR FROM 2.5% UP TO 2.9%, YES,
IT IS IMPROVING.
IMF MANAGINE DIRECTOR CHRISTINE
LAGUARD UNVEILED THAT BETTER
FORECAST BUT THEN, KIND OF
DROPPED THIS GRENADE.
GLOBAL DEBT HAS HIT AN ALL-TIME
RECORD.
I SAT DOWN WITH HER TODAY TO
TALK ABOUT WHAT'S AT STAKE, AND
HOW SHE SEES THE STATE OF U.S.
TRADE RELATIONSHIPS.
>> I'M OVERALL A BIT
DISAPPOINTED WITH THE EVOLUTION
OF TRADE, THE TRADE FRAMEWORK
AROUND THE WORLD.
WHAT I'M CONCERNED ABOUT IS THAT
WITH TALKS ABOUT TRADE THREATS
OR TRADE THREATS IMPLEMENTATION,
WE HAVE SUCH A PRECIOUS GOOD IN
THE ECONOMY WHICH IS TRUST WHICH
IS THE CONFIDENCE THAT
ENTREPRENEURS THAT DECISION
MAKERS HAVE IN A SYSTEM THAT
DETERMINES THE SUPPLY CHAIN,
THAT DETERMINES A TRADING
RELATIONSHIPS, THAT DETERMINES
THE TARIFFS, AND IF THAT HAPPENS
THEY'RE GOING TO SAY OKAY LET'S
DELAY OUR INVESTMENT WE'LL SEE
HOW IT GOES.
WE DON'T NEED THAT NOW.
THAT'S CLOSEST TO BOILING OVER
IS OBVIOUSLY U.S. VERSUS CHINA.
BOTH SIDES ARE NOT CALLING IT A
TRADE WAR BUT WE'VE SEEN SOME
RECIPROCITY, U.S. LAYING DOWN
HUNDRED BILLION, CHINA FLAPPING
TARIFFS ON ALL KINDS OF THINGS
LIKE DIFFERENT GRAINS.
DO YOU CALL IT A TRADE WAR?
DO YOU SEE THIS AS AT LEAST THE
START, THE OPENING OF THE TRADE
WAR?
>> I THINK OF CHURCHILL, BETTER
CHAT CHAT THAN WAR WAR AND MY
STRONG RECOMMENDATION IS FOR
QUIET AS POSSIBLE DISCUSSIONS
BETWEEN THE PARTIES, BECAUSE I
THINK THAT SOME OF THE ISSUES
THAT ARE ON THE TABLE AT THE
MOMENT, PROTECTION OF
INTELLECTUAL PROPERTY, SUBSIDIZ
ING OUR ENTERPRISES,
TRANSFER OF TECHNOLOGY IT IS AN
ISSUE FOR ALL PLAYERS, AND MANY
MANY COUNTRIES ARE CONCERNED
ABOUT THAT, SO IT IS SOMETHING
THAT NEEDS TO BE TALKED ABOUT
AND NOT JUST TALKED ABOUT, WE
NEED TO SEE MEASURES.
WE NEED TO SEE CHANGES.
IF YOU ASK CORPORATE, THEY BREAK
DOWN THEIR SUPPLY CHAINS, THEY
OPTIMIZE ALL THE TIME.
WELL, CLEARLY, EVERYBODY HAS AN
INTEREST IN KNOWING WHAT THE
TERMS OF THE GAME ARE GOING TO
BE.
EVERYBODY HAS AN INTEREST IN
HAVING LEVEL PLAYING FIELD,
RULES OF THE GAME, AND RESPECT
OF THE SYSTEM SO THAT THESE
COMPANIES KNOW WHERE AND HOW
THEY'RE PLAYING.
WHEN A BIG U.S. COMPANY SAYS I