5 • 615 Ratings
🗓️ 23 January 2020
⏱️ 15 minutes
🧾️ Download transcript
China analyst & author Gordon Chang weighs-in on Phase 1 of the China-U.S. trade deal: why it matters, how it impacts our lives and what to watch next.
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0:00.0 | Hello from the Heartland. My name is Jenna, and this is Smarter News, news when it matters and why it matters. |
0:11.3 | Our Smarter series features unique people who help us think and live smarter. |
0:20.1 | Walk around your household, pick up any number of items, and you'll see the Made in China label. |
0:25.9 | It's just one obvious reason why a trade policy between America and China matters. |
0:31.1 | The relationship between the two largest economies in the world will not only impact just them, but the entire global economy. This week, the U.S. |
0:40.0 | and China signed phase one of a trade agreement. President Trump called it, quote, |
0:45.6 | one of the greatest trade deals ever made, end quote. His critics have a different opinion. |
0:52.3 | One writing in the New York Times, quote, trade wars rarely have victors. |
0:56.7 | They do, however, sometimes have losers, and Donald Trump has definitely turned out to be a loser, end quote. |
1:04.2 | Hmm. |
1:05.5 | Admittedly, the components of this trade deal are complicated. |
1:08.8 | And with such varying degrees of opinions, it would take me an |
1:12.2 | army of fact checkers to figure out what's what in a timely manner. So I did the next best thing |
1:17.0 | and found someone who provides some balanced analysis, acknowledging there's both good and bad |
1:22.8 | in this deal. In fact, our guest doesn't call it a win or a loss. He calls it a truce. |
1:28.2 | I've interviewed China analyst and author Gordon Chang over the years. |
1:32.0 | He's not afraid to call it like he sees it, and he has a unique perspective, having worked |
1:36.2 | and lived in Hong Kong and China for more than two decades. |
1:39.5 | Gordon always has a way of bringing us back to the bigger picture like this. China has made it clear |
1:47.6 | that it's attacking our society across the board. It's attacking our democracy. In May of last year, |
1:55.1 | they actually even declared a quote-unquote people's war on the U.S. And we got to remember that with our commerce, |
2:02.4 | we are enriching China. They're using the proceeds of that commerce to build up their military |
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