AT THIS POINT.
>> SUZANNE THANK YOU VERY MUCH
INDEED MOVING ON TO CHINA LAID
WHERE'S THE PRESIDENT ON THIS?
WHAT'S THE LATEST FROM THE
PRESIDENT?
WE GOT IT, ROLL TAPE.
>> WE'VE HAD VERY GOOD
DISCUSSIONS WITH CHINA.
WE'RE GETTING MUCH CLOSER TO
DOING SOMETHING.
THEY VERY MUCH WANT TO MAKE A
DEAL AS YOU KNOW THEIR ECONOMY
WENT WAY DOWN SINCE WE'VE BEEN
DOING THIS PRESIDENT XI AND I
AGREED TO MEET AT THE G20 HAVING
DINNER AND DISCUSSING BUT I
THINK A VERY GOOD DEAL WILL BE
MADE WITH CHINA.
>> MICHAEL IS WITH US HE'S WITH
THE HUDSON INSTITUTE HE'S OUR
CHINA WATCHER.
TELL ME WHAT DO YOU THINK?
WHAT ARE THE ODDS THAT QUESTION
GET SOME KIND OF TRADE DEAL WITH
CHINA ON OR AROUND THAT G20
MEETING?
>> WELL THE ODDS ARE BETTER THAN
50/50 I THINK THINGS ARE
IMPROVING, YOU CAN SEE SOME
SIGNS AND CHINESE MEDIA OR THE
CHINESE DELEGATIONS HAVE BEEN
SAYING HERE IN WASHINGTON --
THAT THEY NOW SEE THE OUTLINE OF
A DEAL, THEY BELIEVE THAT THE
PRESIDENT'S DEMAND BACK IN EARLY
MAY STUART WAS TO DOUBLE CHINA'S
PURCHASES OF U.S. EXPORTS FOR
THE FIRST YEAR AND THEN DOUBLE
IT AGAIN FOR THE SECOND YEAR.
AND IN OTHER WORDS HAVING --
HAVING 100 BILLION DOLLARS OF
ADDITIONAL PURCHASES.
THAT'S THE CHINESE WANT TO FOCUS
ON.
AND THAT HELPS WITH JOBS.
HELPS WITH OUR ECONOMIC GROWTH
RATE THAT'S WHAT PRESIDENT
PRESIDENT TRUMP SEEMS TO BE
FOCUSED ON OTHER AREA AS YOU
MENTION YOURSELF STUART THEY
DON'T WANT TO LOSE FACE THEY CAN
MANAGE THIS THEFT AND CRIMINAL
VIOLATIONS OF WORLD TRADING
RULES.
SO WE LET THEM GO ON THAT, AND
FOCUS MORE ON INCREASING OUR
EXPORTS TO CHINA, THE CHANCES OF
A DEAL ARE PRETTY GOOD.
>> SO DO YOU THINK THAT'S LIKELY
BECAUSE THAT'S A --
PRETTY BIG GIVE ISN'T IT IF
CHINA DOES NOTHING ON THE THEFT
OF INTELLECTUAL PROPERTY, THAT'S
A BIG GIVE.
>> YES, IT IS, AND THERE'S
ANOTHER AREA THAT IS IMPORTANT
TO KEEP IN MIND IS THAT
PRESIDENT KEEPS USING THE WORD
RECIPROCITY, AND THEY'RE CLOSING
THEIR MARKET TO OUR INVESTORS.
HAS BEEN GOING ON 30 YEARS NOW
ANOTHER AREA THIS THING CALLED
BILATERAL INVESTMENT TREATY
UNDER NEGOTIATIONS FOR 30 YEARS.
SOME ADDITIONAL GIVE ON THAT
WOULD PROBABLY BE VERY
IMPORTANT.
THEY WOULD OPEN MORE SECTORS TO
U.S. COMPANIES AND U.S.
INVESTORS.
THAT'S A HARD ONE FOR THEM TOO.
>> NO, NO --
NOT AS HARD AS ADMITTING TO THE
THEFT OF INTELLECTUAL PROPERTY.
[LAUGHTER]
YOU KNOW?
I WOULD LIKE --
>> I WOULD LIKE TO SEE PRESIDENT
XI ADMIT WHAT'S BEEN GOING ON
FOR LAST 20 YEARS SAY HE DIDN'T
KNOW IT BE.
>> HE WON'T.
YOU KNOW --
YOU WILL.
YOU KNOW CHINA VERY WELL --
I DON'T.
BUT I DO KNOW ABOUT THE CONCEPT
OF FACE.
FOR A LEADER OF CHINA TO TURN
AROUND TO SAY YEAH WE'RE GUILTY.
NOT GOING TO HAPPEN.
[LAUGHTER]
>> WELL AS YOU KNOW SLAYING A
25% TARIFF ON ALL OF THEIR
EXFORTS TO US --
THAT'S WHAT THEY'RE AFRAID OF
THAT HAD PRESIDENT IS GOTTEN
THEIR ATTENTION.
THEY ALSO TELL ME THAT THEY'RE
WATCHING THE MIDTERM ELECTIONS
TOMORROW.
THEY WANT TO SEE IF PRESIDENT
TRUMP HAS THE POWER TO AFFECT
THESE ELECTIONS.
IF HE DOES, THEIR DESIRE TO DEAL
WITH HIM AT THE G20 WILL GO WAY
UP I THINK.
>> IT GOES, PRESIDENT TRUMP IS
POWERFUL TOMORROW IN THE
ELECTIONS --
LIKE FOR EXAMPLE, THE GOP KEEPS
THE HOUSE.
AND CREATES A MAJORITY IN THE
SENATE THAT'S VERY GOOD NEWS FOR
A TRADE DEAL OF THE END OF THIS
MONTH?
YEAH.
>> GIVES PRESIDENT CREDIBILITY
WITH PRESIDENT XI YOU KNOW THIS
PHONE CALL ON THURSDAY IS VERY
IMPORTANT IT IS IN THE CHINESE
YET TODAY JUST TO MAKE SURE THAT
WE UNDERSTAND THE IMPORTANCE OF
THE PHONE CALL.
PRESIDENT XI DREW ATTENTION TO
THIS ENORMOUS EXPOSITION IN
SHANGHAI THIS WEEK.
THAT A HUGE NUMBER OF CHINESE
COMPANIES ARE MAKING DEALS AT
THIS SHANGHAI IMPORT EXPOSITION
THEY CALL IT FIRST TIME IN
CHINESE HISTORY IF THEY MAKE A
LOT OF DEALS WITH THE AMERICAN
COMPANIES, THAT'S ANOTHER --
THAT'S ANOTHER SIGN STUART WE'RE