QUESTION HAVE INTEL FOR YOU.
JOINING ME NORTH CAROLINA
CONGRESSMAN, ROBERT PIT --
PITTENGER.
>> HAPPY MONDAY,.
TRISH: HOW WOULD YOU
CHARACTERIZE THIS?
THAT WE'RE HEADED FOR ALL-OUGHT
TRADE WAR WITH CHINA.
HOW WOULD YOU TEMPER THAT WITH
THE RHETORIC IS?
>> FRANKLY I THINK THEY SHOULD
BE SIGNIFICANTLY ENCOURAGED WE
HAVE AN INDIVIDUAL AS PRESIDENT
OF THE UNITED STATES, WHO IS A
BUSINESSMAN, A FRANKLY A SHREWD
AND SMART, TOUGH, NEGOTIATOR.
THE BASIC PREMISE OF ANY GOOD
NEGOTIATION IS FACTS.
THE FACTS WE HAVE
375 BILLION-DOLLAR TRADE DEFICIT
WITH CHINA.
NO ONE EVER CALLED THEM ON IT.
WHEN THEY ENTERED WTO AFTER MOST
FAVORED TRADING STATUS, THEY
WOULD TEST THE WATERS AND PUSH
BACK AGAINST THE WORLD AND TRADE
AGREEMENTS THAT THEY WERE
ALLOWED TO ENGAGE IN WITH THE
WTO THEY SUCCEEDED BREAKING THE
RULES.
THEY HAVE DONE THAT YEAR AFTER
YEAR.
WHAT PRESIDENT TRUMP SAID NO
MORE BREAKING RULES.
WE'LL HAVE FAIR TRADE.
I SAID LET'S GIVE THE PRESIDENT
ROOM AND TIME TO DO WHAT HE DOES
BEST.
TRISH: I AGREE WITH YOU,
CONGRESSMAN.
BUT NOT A LOT A LOT OF PEOPLE D.
LET ME SEE WHAT A LOT OF
ECONOMISTS ARE SAYING, WE'LL PAY
THE PRICE, OUR COST OF GOODS,
ALL THE THINGS WE IMPORT FROM
CHINA, DON'T FORGET THEY'RE
NUMBER ONE CUSTOMER.
THAT IS WHY I FEEL THEY WILL
FEEL EFFECTS OF ANY TRADE WAR
MORE THAN US, THE PRICE OF GOOD,
THE STUFF WE BUY AT WALMART,
THAT WILL GO.
>> LOOK AT CHINA?
IN NID 91, THEY WERE A GARDEN
SNAKE.
NOW THEY'RE A BOA CONSTRICTOR.
THEY ARE TRYING TO GET OUR
MILITARY TECHNOLOGY.
NOW THEY SUCCEEDED.
MANY OF OUR LEADERS IN THE
GOVERNMENT SUPPORT THE BILL
SENATOR CORNYN AND I ARE
ADVANCING TO REFORM CFIUS, THE
COMMITTEE ON FINANCIAL
INVESTMENTS IN THE U.S. WE NEED
GREATER OVERSIGHT AND
STRENGTHENING TO MAKE SURE THAT
THE CHINESE ARE NOT ACQUIRING
OUR MILITARY TECHNOLOGY.
SINCE 2015 THEY HAVE ACQUIRED 43
SEMICONDUCTOR COMPANIES
WORLDWIDE.
20 OF THOSE HAVE BEEN INSIDE OF
THE UNITED STATES.
THESE ARE A SUPPLY CHAIN TO OUR
DEFENSE SYSTEMS.
THIS IS NOT SOMETHING WE CAN
ALLOW TO CONTINUE.
THIS IS PROPRIETARY.
PRESIDENT XI MADE IT CLEAR HE
WANTS SUPERIORITY IN TECHNOLOGY
IN CHINA.
WE CAN NOT ALLOW HIM TO SUCCEED
IN THIS EFFORT.
TRISH: WHAT YOU'RE TALKING ABOUT
IS NATIONAL SECURITY ISSUE.
>> ABSOLUTELY IS.
>> SEMICONDUCTOR COMPANIES NOT
JUST LOOKING TO IMPROVE THE NEXT