TRUMP

RUSH TRANSCRIPT BURMAN Welcome ░░░░░░░░ It could be a ░░░░░░░░ week on the trade ░░░░░░░░ as President Trump potentially ░░░░░░░░ slap further tariffs up ░░░░░░░░ 25 percent on an ░░░░░░░░ 2 billion worth of ░░░░░░░░ from China The latest ░░░░░░░░ in the growing the ░░░░░░░░ war as some would ░░░░░░░░ it could hurt American ░░░░░░░░ with interest inside that ░░░░░░░░ And some analysts warn ░░░░░░░░ Beijing could use Apple ░░░░░░░░ other blue chips to ░░░░░░░░ the scales in their ░░░░░░░░ Gordon Chan is the ░░░░░░░░ of The Coming Collapse ░░░░░░░░ China and he joins ░░░░░░░░ live in studio this ░░░░░░░░ Thank you for joining ░░░░░░░░ CHANG Thank you Blake ░░░░░░░░ We are hearing I ░░░░░░░░ hearing that the President ░░░░░░░░ talking about this possibility ░░░░░░░░ putting 200 billion worth ░░░░░░░░ tariffs farther on China ░░░░░░░░ some point this week ░░░░░░░░ public comment period as ░░░░░░░░ know ends on Wednesday ░░░░░░░░ it could happen after ░░░░░░░░ What do you think ░░░░░░░░ President will do and ░░░░░░░░ do you think he ░░░░░░░░ do CHANG I think ░░░░░░░░ should put the tariffs ░░░░░░░░ the 200 billion of ░░░░░░░░ He should do it ░░░░░░░░ the 25 percent rate ░░░░░░░░ than the 10 I ░░░░░░░░ even go higher And ░░░░░░░░ reason is the Chinese ░░░░░░░░ been stealing hundreds of ░░░░░░░░ of dollars of U ░░░░░░░░ intellectual property each year ░░░░░░░░ s what these tariffs ░░░░░░░░ intended to remedy And ░░░░░░░░ Chinese are not stopping ░░░░░░░░ clearly we have to ░░░░░░░░ the costs higher BURMAN ░░░░░░░░ know you call this ░░░░░░░░ tech war not a ░░░░░░░░ war because of that ░░░░░░░░ theft But the Chinese ░░░░░░░░ not given any indication ░░░░░░░░ that they will back ░░░░░░░░ that position So would ░░░░░░░░ even move them off ░░░░░░░░ Because they haven t ░░░░░░░░ CHANG Tariffs may not ░░░░░░░░ it And we may ░░░░░░░░ to put 100 percent ░░░░░░░░ on 505 5 billion ░░░░░░░░ of goods BURMAN That ░░░░░░░░ not going to happen ░░░░░░░░ right CHANG Well you ░░░░░░░░ know But the point ░░░░░░░░ if the tariffs don ░░░░░░░░ work then we have ░░░░░░░░ go to something even ░░░░░░░░ drastic which would be ░░░░░░░░ banning Chinese imports But ░░░░░░░░ way or another we ░░░░░░░░ to stop China s ░░░░░░░░ because we have an ░░░░░░░░ based economy If we ░░░░░░░░ t commercialize that innovation ░░░░░░░░ don t have very ░░░░░░░░ of an economy So ░░░░░░░░ have our backs against ░░░░░░░░ wall and you can ░░░░░░░░ run And I know ░░░░░░░░ will be costs to ░░░░░░░░ U S but you ░░░░░░░░ can t run decades ░░░░░░░░ bad trade policy and ░░░░░░░░ Oh we can get ░░░░░░░░ of this without cost ░░░░░░░░ ourselves BURMAN Here is ░░░░░░░░ statement from the White ░░░░░░░░ He said quote as ░░░░░░░░ the U S China ░░░░░░░░ dispute and other differences ░░░░░░░░ will be resolved by ░░░░░░░░ Trump and China s ░░░░░░░░ president Their relationship and ░░░░░░░░ remain strong Where does ░░░░░░░░ end What s the ░░░░░░░░ line here CHANG The ░░░░░░░░ line is not months ░░░░░░░░ s probably years or ░░░░░░░░ decade We did have ░░░░░░░░ trade arrangement with China ░░░░░░░░ spring It didn t ░░░░░░░░ or hold President Trump ░░░░░░░░ have a deal with ░░░░░░░░ and I don t ░░░░░░░░ it will hold He ░░░░░░░░ decided not to give ░░░░░░░░ He lost influence recently ░░░░░░░░ came out of meetings ░░░░░░░░ realizes if he gives ░░░░░░░░ he will be eroded ░░░░░░░░ farther He will try ░░░░░░░░ bluff him BURMAN We ░░░░░░░░ about him in the ░░░░░░░░ scheme of things The ░░░░░░░░ are the ones with ░░░░░░░░ and costs You think ░░░░░░░░ company with the biggest ░░░░░░░░ is apple CHANG We ░░░░░░░░ the Chinese have gone ░░░░░░░░ them They did it ░░░░░░░░ the beginning of last ░░░░░░░░ When they talked about ░░░░░░░░ giving more to the ░░░░░░░░ if they want to ░░░░░░░░ in the country That ░░░░░░░░ extortion It would take ░░░░░░░░ number of companies They ░░░░░░░░ move quicker Everybody else ░░░░░░░░ the supply chain against ░░░░░░░░ companies It s a ░░░░░░░░ threat BURMAN We are ░░░░░░░░ to the argument The ░░░░░░░░ are photo acting We ░░░░░░░░ a few months past ░░░░░░░░ summit The president started ░░░░░░░░ make the argument He ░░░░░░░░ been for a while ░░░░░░░░ have been firing off ░░░░░░░░ Is that the moving ░░░░░░░░ a goal post or ░░░░░░░░ CHANG his is a ░░░░░░░░ In the past there ░░░░░░░░ been long periods when ░░░░░░░░ north Koreans tested again ░░░░░░░░ ll have to go ░░░░░░░░ to the maximum pressure ░░░░░░░░ Since that time you ░░░░░░░░ this really friendly environment ░░░░░░░░ it hasn t worked ░░░░░░░░ are not taking advantage ░░░░░░░░ the opportunity He has ░░░░░░░░ go back to sanctions ░░░░░░░░ North Koreans again are ░░░░░░░░ leaving us much of ░░░░░░░░ chose BURMAN If you ░░░░░░░░ sanctions for the North ░░░░░░░░ you will go on ░░░░░░░░ quick.”
CHANG: “Appreciate it.”