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Economist Podcasts

Seeing the Lighthizer: China trade talks

Economist Podcasts

The Economist

News, News & Politics

4.35K Ratings

🗓️ 27 March 2019

⏱️ 20 minutes

🧾️ Download transcript

Summary

Another week, another round of negotiations between China and America. But as domestic and economic pressures on both sides have lifted, the path to resolution seems ever more unclear. Apple’s entry into the film-and-television business is just the latest move in a reshuffling of the entire entertainment industry. And, why Kim Jong Un has appeared a bit more approachable recently—and why not to be fooled.

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Transcript

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0:00.0

Hello and welcome to The Intelligence on Economist Radio. I'm your host, Jason Palmer.

0:08.8

Every weekday, we provide a fresh perspective on the events shaping your world.

0:14.7

This week, Apple entered the entertainment business, saying it would start making its own films and TV shows.

0:21.5

That's just the latest media move as internet providers, device makers, and movie studios,

0:27.1

join forces and expand offerings.

0:29.6

Big companies are trying to get bigger, vying for your entertainment dollar.

0:33.7

Smaller ones aren't going to survive.

0:37.1

And you might have noticed that Kim Jong-un, North Korea's leader,

0:41.2

seems a little more modern, a little more approachable, perhaps, during his media appearances.

0:47.0

Don't be fooled, though. The propaganda message is the same as it ever was.

0:56.5

First up, though.

1:01.0

Not so long ago, President Donald Trump thought this might be the week he'd seal a grand

1:05.7

trade pact with China. Instead, negotiations to ease the economic war between the countries are dragging perilously

1:12.5

on. American negotiators, led by U.S. trade representative Robert Lightheiser, will arrive in Beijing

1:18.9

tomorrow for another round of talks. The Chinese delegation, led by Vice Premier Liu He,

1:24.8

will visit America next week, with the aim of closing a deal by late April.

1:29.5

But the details, it seems, are proving tricky to hammer out.

1:33.2

Among the concerns of Mr. Trump, the question of whether China would honor any agreement that's made.

1:38.1

Because we have to make sure that if we do the deal with China, that China lives by the deal.

1:43.9

With a big gap still between them, the talks could easily break down,

1:48.0

with political consequences for both sides.

1:51.0

These talks are important because at the end of the day,

...

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