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The news over the last few hours a 200 billion dollar reduction of a trade surplus

some China disputing reports this morning that it had offered to reduce its annual trade

surplus with the United States by that number with a foreign ministry official

saying he was unaware of any such concession. Where does the 200 billion come from?

While the reduction in the US trade get with China by 2020 was on a list of demands

that the President's administration made earlier this month as Treasury Secretary Steve Manuchin led a delegation to Beijing

so just where are we? Well I'm really pleased to say that Barry Eichtengreen, University of California

Berkeley professor joins us now, the author of his new book the

populist temptation economic grievance and political reaction in the modern era and

joining us on his most recent project syndicate column as well China and the Future of Democracy.

Barry, where better to begin than with China?

Let's just begin with the news if we can and we'll work our way through some of the work

...