DEPUTY TRADE TALKS WITH CHINA
ARE UNDERWAY AS WE SPEAK.
CLEARING WAY FOR HIGHER LEVEL
DISCUSSIONS ON THURSDAY.
THIS AMID DISARRAY BETWEEN THE
TWO SIDES.
U.S. BLACKLISTING 28 MORE
COMPANIES AND COMPANIES FINDING
THEM IN VISE GRIP OVER THE
NEGATIVE HONG KONG PROTESTS.
HEAD OF WHITE HOUSE TRADE AND
MANUFACTURING DIRECTOR, PETER
NAVARRO.
PETER, WALL STREET SEES, WE HAVE
SO MUCH GOOD WILL BUILDING UP.
CHINA BUYING SOYBEANS.
PAYPAL MAKES A BIG ACQUISITION.
BOTH SIDES MAKING NICE.
THIS MORNING OR OVERNIGHT WE'RE
HIT WITH LEVY OF NEW TARIFFS OR
BLACKLISTING IN THIS CASE ON
COMPANIES OVER HUMAN RIGHTS
VIOLATIONS.
DOES THIS SUGGEST THAT HUMAN
RIGHTS AND MAYBE EVEN HONG KONG
WILL NOW BE A PIVOTAL PART OF
NEGOTIATIONS?
>> GOOD AFTERNOON, CHARLES.
BY THE WAY, LET'S BE BULLISH FOR
THE NEXT TEN MINUTES.
CHARLES: MAKE US BULLISH, PETER,
MAKE US BULLISH.
>> WE DO HAVE THE OPPORTUNITY
THIS WEEK TO SIT DOWN WITH THE
CHINESE SIDE TO SEE IF WE CAN
COME UP WITH A BIG DEAL THAT
WILL ADDRESS WHAT I HAVE CALLED
THE SEVEN DEADLY STRUCTURAL
SINS.
YOU KNOW WHAT THEY ARE.
SO LET'S BE BULLISH.
WITH RESPECT TO THE ACTION TAKEN
YESTERDAY BY PRESIDENT TRUMP,
THAT IS TOTALLY UNRELATED TO THE
TRADE NEGOTIATIONS.
IT WAS AN INITIATIVE THAT CAME
OUT OF THE DEPARTMENT OF
COMMERCE LED BY SECRETARY ROSS,
WITH THE COORDINATION OF THE
STATE DEPARTMENT AND IT
ADDRESSES, CHARLES, WHAT THE
STATE DEPARTMENT IS CALLED ONE
OF THE WORST HUMAN RIGHTS ABUSES
THAT WE'VE SEEN IN THE LAST
CENTURY.
BASICALLY YOU HAVE A COUPLE
MILLION PEOPLE IN CONCENTRATION
CAMPS SO --
CHARLES: LET ME JUMP IN HERE.
>> THAT IS SEPARATE MATTER WITH
THE TRADE NEGOTIATIONS.
CHARLES: MAY BE SEPARATE WITH
RESPECT TO THE ADMINISTRATION.
CERTAINLY THE TIMING IS CURIOUS.
I DON'T KNOW THAT CHINA WILL
CONSIDER IT A SENSITIVE ISSUE
CONSIDERING HOW SENSITIVE THEY
ARE TO ANY CLAIMS OF HUMAN
RIGHTS ABUSES IN THEIR COUNTRY
OR HONG KONG?
>> THAT IS UP TO THE CHINESE
TO --
CHARLES: BUT YOU GUYS KNEW THAT.
YOU KNOW THEY WILL FEEL THIS
WAY, PETER.
LISTEN, BY THE WAY, I DON'T HAVE
A PROBLEM WITH IT, I REALLY
DON'T.
>> SURE.
CHARLES: I KNOW PRESIDENT TRUMP
BELIEVES IN MAXIMUM PRESSURE.
HE IS NOT WORKING BY ANYONE'S
PLAYBOOK.
THIS IS CONFOUNDING THE EXPERTS.
I'M COOL WITH THAT, AT LEAST THE
ADMINISTRATION KNEW THIS WOULD
PUT MORE PRESSURE ON CHINA.
ARE YOU GUYS OKAY WITH THIS.
>> THIS ACTION IS UNRELATED TO
THE TRADE TALKS.
WHAT THIS ADMINISTRATION HAS
DONE ON A NUMBER OF FRONTS
THROUGHOUT THE COURSE OF THIS
ADMINISTRATION IS TO JUST MOVE
THINGS THROUGH PROCESS.
THAT WAS DONE AND READY TO GO
THIS WEEK AND IT WAS ANNOUNCED.
I THINK IT IS AN IMPORTANT
STATEMENT BUT IT IS NOT PART OF
THESE TRADE TALKS.
SIMPLE AS THAT.
CHARLES: YESTERDAY PRESIDENT
TRUMP SAID MY INCLINATION IS TO
GET A BIG DEAL.
WE'VE COME THIS FAR.
BY SAYING THAT THOUGH, THE WAY I
INTERPRETED IT PETER, WE COULD
GET A SMALLER, MINI DEAL.
THIS IS SOMETHING I KNOW NOT
NECESSARILY WHAT PRESIDENT TRUMP
WANTS.
FEELS LIKE HE IS MORE RECEPTIVE
TO IT.
AM I READING THAT RIGHT?
>> I THINK YOU'RE READING THAT
WRONG.
I THINK THE PRESIDENT WAS CLEAR
AND HAS BEEN CLEAR, HE WANTS A
BIG DEAL.
THE DEAL IS WITH THE SEVEN
STRUCTURAL ISSUES.
REMEMBER, CHARLES, THE PIVOTAL
EVENT IN THESE NEGOTIATIONS WAS
THE DAY WE HAD 150 PAGE
AGREEMENT BASED ON THE SEVEN
DEADLY STRUCTURES.
CHARLES: RIGHT.
>> AND THEY'RE WORTH GOING OVER
BRIEFLY.
--
CHARLES: WE DON'T HAVE ENOUGH
TIME, PETER.
>> SO HERE'S THE POINT.
HERE'S THE POINT.
THESE ARE THE KINDS OF
STRUCTURAL ISSUES THAT THE
PRESIDENT WANTS ADDRESSED.
I THINK HE HAS BEEN CRYSTAL
CLEAR HE WANTS A BIG DEAL.
OF COURSE HE IS WILLING TO
LISTEN.
THAT IS WHAT THE PRESIDENT DOES
BUT HE HAS BEEN VERY CRYSTAL
CLEAR THAT A BIG DEAL WITH THE
STRUCTURAL ISSUES IS VERY
IMPORTANT TO THE AMERICAN
PEOPLE.
REMEMBER HE IS STANDING UP FOR
THE AMERICAN PEOPLE.
CHARLES: I'M WITH YOU ON THAT.
WE'RE IN THE SAME SIDE WITH
RESPECT TO THAT BUT WHAT WE'RE
TRYING TO FIGURE OUT HERE AND
WE'RE TRYING TO HANDICAP
CONSIDERING THE DOW WAS OFF OVER
300 POINT ON THIS ANXIETY WHAT
WE MIGHT SEE ON FRIDAY.
BEFORE I LET YOU GO IS THERE A
CHANCE THAT THE OCTOBER 15 AND
DECEMBER 15TH TARIFFS IN THE
QUEUE COULD BE PUSHED BACK NEXT
YEAR?
>> HERE IS MY ADVICE, CHARLES.
PEOPLE ARE TRYING TO MAKE MONEY
ON THE SHORT TERM MOVEMENTS AND
IMPERFECT INFORMATION.
THE LIGHTHIZER RULE WE WORK OUT
THINGS BEHIND CLOSED DOORS.
NAVARRO RULE IS ANYTHING THAT
COMES OUT OF PRESS IS --
CHARLES: WE HAVE YOU ON MY
FRIEND.
YOU'RE NOT ANONYMOUS SOURCE.
GIVE ME SOMETHING.
I'M WORKING WITH THE PRESIDENT
SOUNDS LIKE HE WANTS TO GET
THERE.
HE IS MORE READY TO GET THERE.
>> OF COURSE HE WANTS A DEAL BUT
NOT ANY DIFFERENT FROM THE DAYS
BACK TO MAR-A-LAGO.
HE WANTS A GREAT DEAL FOR THE
AMERICAN PEOPLE AND HE HAS
BEEN -- LOOK, THIS IS A MAN OF
STEELY RESOLVE ON THIS ISSUE.
HE IS STANDING UP TO CHINA.
YOU KNOW, LOOK, INVESTORS NEED
TO RELAX FOR A COUPLE DAYS AND
SEE WHAT HAPPENS.
CHARLES: ALL RIGHT.
>> RATHER THAN GET FIDGET AT
THIS TO TRADE AROUND THE
MARGINS.
CHARLES: ANSWER ONE OF MY
QUESTIONS THEY MIGHT RELAX A
LITTLE BIT MORE, PETER.
A LITTLE BIT MORE.
>> REMEMBER THE LIGHTHIZER RULE
WE DON'T IN PUBLIC.
WE'VE DONE THIS MOVIE BEFORE.
CHARLES: IS THERE A CHANCE THE
TERRORIST COULD BE PUSHED OUT.
I THINK THEY COULD BE.
WE'LL SEE.