Surveillance: U.S.-China Trade Risks With Haass
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 24 July 2020
⏱️ 42 minutes
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Summary
Richard Haass, Council on Foreign Relations President, says there is a possibility of broad sanctions between the U.S. and China amid rising tensions. Valdis Dombrovskis, European Commission Executive Vice President, says the EU is willing to cooperate with the U.S. in a multi-lateral strategy to deal with China. Peter Oppenheimer, Goldman Sachs Chief Global Equity Strategist, says the rebound in the third quarter is going to look very V-shaped. Betsey Stevenson, Bloomberg View Columnist and Former U.S. Department of Labor Chief Economist, says studies show that investing in early childcare development reaps huge returns for taxpayers. Sam Kennedy, Boston Red Sox President and CEO, looks ahead to the team's first game back in Fenway Park since before the start of the pandemic.
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Transcript
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| 0:00.0 | With Bloomberg you get the story behind the story, the story behind the global birth rate, |
| 0:04.7 | behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context. |
| 0:10.8 | And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:28.0 | Daily, we bring you insight from the best in economics finance investment and international relations find |
| 0:35.4 | Bloomberg surveillance on Apple Podcast soundcloud bloomberg dot com and of course on the |
| 0:41.4 | Bloomberg. Richard Haas has written my book of the summer, |
| 0:45.0 | it's the world and I'll make real clear. |
| 0:47.0 | Take it and throw it at any smart mouth college kids you know |
| 0:51.0 | and beg them to at least read the first 150 pages which is a tour to force on the Western civilization we've all forgotten or quite frankly we never took. |
| 1:02.0 | Ambassador Haas joins us now from the Council on Foreign Relations. |
| 1:06.1 | Ambassador, in your book, the world you write about war between countries. |
| 1:11.0 | Are we now at war with China? |
| 1:13.0 | No, Tom, we're not at war with China, but the entire trajectory of this relationship has changed compared to what it was for what. |
| 1:26.0 | The United States and China built a relationship 50 years ago. |
| 1:29.0 | We originally worked together against the Soviet Union, then our economic interaction |
| 1:34.6 | essentially became the foundation of the relationship. That economic |
| 1:38.7 | interaction has now become a source of friction, but what you're seeing |
| 1:42.1 | particularly on the American side is a real ramping up |
| 1:45.6 | of rhetoric against China at a time China is becoming more assertive in its foreign policy. |
| 1:51.6 | We're not at war, but this is a relationship that |
| 1:54.3 | seems to have lost any positive dimension, any rationale, and increasingly it's |
| 1:59.3 | marked by confrontation. Ambassador I want you to go to a time and place long ago. |
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