Latest / DEEP INSIGHT / China lays out 'RED LINES' for Trump-Xi summit

Transcript

China lays out 'RED LINES' for Trump-Xi summit · DEEP INSIGHT

• 0:02
  Speaker 1: Pretty exciting stuff, and it's all happening today.
• 0:04
  Speaker 2: President Trump and President Xi of China are meeting in Washington.
• 0:07
  Speaker 2: I think it's a high-stakes summit. Last time over in China,
• 0:10
  Speaker 2: get together, establish the relationship or reestablish it, but today
• 0:14
  Speaker 2: it's going to be down to brass tacks. Take a
• 0:16
  Speaker 2: look at what's on the table. First off, they meet again.
• 0:19
  Speaker 2: This will be the fifth time. In October, they had
• 0:21
  Speaker 2: a pretty productive meeting, face-to-face at the AIPAC summit. They decided, hey,
• 0:25
  Speaker 2: let's be partners, let's be friends. Whatever our disagreements are,
• 0:29
  Speaker 2: let's have a communication. Remember, the communication was virtually cut
• 0:32
  Speaker 2: off during the early, during the first two and a
• 0:34
  Speaker 2: half of the Biden years, where our Secretary of Defense
• 0:37
  Speaker 2: could not speak to his counterpart at all. And he
• 0:41
  Speaker 2: was also dressed down over in Alaska when Biden first
• 0:44
  Speaker 2: took office.
• 0:45
  Speaker 1: Over in May, these two met, a two-day summit.
• 0:48
  Speaker 2: They agreed to set up a board of trade where
• 0:50
  Speaker 2: they're going to work on non-lethal items, non-controversial items, and
• 0:53
  Speaker 2: get the tariffs.
• 0:54
  Speaker 1: Down to zero. They did just that, building up for today.
• 0:58
  Speaker 2: And they expected today to talk about a few things.
• 1:01
  Speaker 2: AI safety, that's first and foremost. Bottom line is, we
• 1:04
  Speaker 2: can't give away the store. We're about 9 to 12
• 1:07
  Speaker 2: months ahead of them in terms of technological decisions as
• 1:10
  Speaker 2: well as hurdles.
• 1:11
  Speaker 1: And then the geopolitical tensions. You got Iran and you
• 1:15
  Speaker 1: have Russia.
• 1:16
  Speaker 2: Flat out, if it wasn't for China— Russia couldn't fight
• 1:19
  Speaker 2: the war against Ukraine, and Iran would not be— have any
• 1:22
  Speaker 2: dollars in their coffers, because they buy 80 percent of
• 1:26
  Speaker 2: Iran's oil, and they dropped off a whole bunch of
• 1:28
  Speaker 2: equipment after our initial bombing this summer.
• 1:31
  Speaker 1: Here to discuss this and so much.
• 1:32
  Speaker 2: More is the managing director at Beacon Global Strategies and
• 1:35
  Speaker 2: former National Security Council official under President George W.
• 1:39
  Speaker 1: Bush, Michael Allen. Michael, where would you start today?
• 1:44
  Speaker 3: Well, I think what they're designed to do here is
• 1:47
  Speaker 3: to project stability between the two world superpowers. We're the
• 1:51
  Speaker 3: two biggest economies, the two biggest militaries. And I think
• 1:54
  Speaker 3: that's what President Trump is trying to say through all
• 1:56
  Speaker 3: the pageantry. I think he's also looking after the American economy.
• 2:01
  Speaker 3: He wants to make sure that the Chinese stick to
• 2:04
  Speaker 3: their pledge for agricultural purchases. That's important for our farmers. And,
• 2:09
  Speaker 3: of course, previously we had Boeing flying. jets on the agenda.
• 2:13
  Speaker 3: But strategically, honestly, Brian, at the end of the day,
• 2:17
  Speaker 3: I hope we realize that for all the pageantry, the
• 2:21
  Speaker 3: Chinese are still a rival, maybe an adversary. And we
• 2:25
  Speaker 3: need not cede anything to them strategically on Taiwan. They
• 2:30
  Speaker 3: want to invade Taiwan. We want to eventually secure their
• 2:36
  Speaker 3: future because they're the source of semiconductors to the United States.
• 2:41
  Speaker 1: And, of course, they sit.
• 2:42
  Speaker 3: Astride an absolutely critical waterway in Asia. And without the
• 2:47
  Speaker 3: United States being able to ensure that it's free and open,
• 2:50
  Speaker 3: our economy would suffer if it were in the Chinese hands.
• 2:54
  Speaker 2: Yeah, Michael, they have— Taiwan makes 80 percent of the world's
• 2:58
  Speaker 2: chips— If China was to take it, it's not in
• 3:01
  Speaker 2: our national security interest, along with the fact that they're
• 3:04
  Speaker 2: an ally and we will protect.
• 3:06
  Speaker 1: Them if invaded. That's going to be it. They say
• 3:09
  Speaker 1: don't bring up Taiwan.
• 3:10
  Speaker 2: I say, listen, we have to sell them $ 15.
• 3:12
  Speaker 1: Billion worth of equipment. We've already promised to do it.
• 3:15
  Speaker 1: We put it on hold. It never should have been
• 3:16
  Speaker 1: in on hold.
• 3:17
  Speaker 2: I hope we decide to execute it and say, I
• 3:19
  Speaker 2: hope there's no hard feelings. They do not want us
• 3:21
  Speaker 2: to bring up human rights. They don't like to give them.
• 3:24
  Speaker 2: And they don't want to hear about the Uyghurs. So
• 3:26
  Speaker 2: they still want to hear about democracy. They also want
• 3:29
  Speaker 2: to talk about development. They believe in the past that
• 3:32
  Speaker 2: we have tried to hinder their development as a world power.
• 3:35
  Speaker 2: They say, don't even bring that up. We're moving forward,
• 3:38
  Speaker 2: especially when it comes to manufacturing. And also, they want
• 3:41
  Speaker 2: to define the right to develop inalienable human rights symbolizing
• 3:45
  Speaker 2: dignity and honor that also are way ahead of us
• 3:48
  Speaker 2: when it comes to robotics so their problem right now
• 3:53
  Speaker 2: is they have a huge youth unemployment they have cities
• 3:57
  Speaker 2: that are made ready to go but totally empty and
• 4:00
  Speaker 2: they have a huge work they have a decreasing population
• 4:03
  Speaker 2: because of their single child policy we have to use
• 4:06
  Speaker 2: those weaknesses don't we.
• 4:08
  Speaker 3: Yeah, I think we do. Look, I didn't like that
• 4:11
  Speaker 3: the Chinese put out these red lines, and they were
• 4:13
  Speaker 3: seeming to dictate to us what we can talk about.
• 4:16
  Speaker 1: I mean, we should reject that, and.
• 4:17
  Speaker 3: President Trump will bring up whatever he feels like is
• 4:22
  Speaker 3: absolutely appropriate.
• 4:23
  Speaker 1: He does.
• 4:24
  Speaker 3: And the robotics— look, we're in an economic competition with the
• 4:28
  Speaker 3: Chinese on robotics, as you mentioned, especially artificial intelligence technology.
• 4:33
  Speaker 3: quantum computing this is the future we need to make
• 4:37
  Speaker 3: sure we're investing in it of course on ai we
• 4:39
  Speaker 3: need to investigate and try and curb its excesses but
• 4:43
  Speaker 3: at the end of the day whoever can propagate ai
• 4:48
  Speaker 3: among its people to ensure we're getting maximum efficiency out
• 4:52
  Speaker 3: of this new technology is going to have the more viable,
• 4:56
  Speaker 3: innovative economy. So we need to double down on some
• 5:00
  Speaker 3: of these tech issues. Batteries is also one of the
• 5:04
  Speaker 3: things we're.
• 5:04
  Speaker 1: Going to talk about today.
• 5:05
  Speaker 3: Let's hope we see some tangible economic development announcements.
• 5:10
  Speaker 2: And we've got Jameson Greer and Scott Besson, the best
• 5:12
  Speaker 2: in the business, truly elite in our country.
• 5:15
  Speaker 1: When it comes to patents, this is where we're at
• 5:17
  Speaker 1: right now. They got a lot more.
• 5:18
  Speaker 2: When it comes to industrial robots, they are literally having
• 5:22
  Speaker 2: robots threading needles. China's got way ahead of us, 295,000
• 5:25
  Speaker 2: to 34,200. So we have some catching up to do.
• 5:26
  Speaker 2: I know one guy at the table tonight will be.
• 5:35
  Speaker 1: Elon Musk.
• 5:35
  Speaker 2: And he's got the type of guy with the type
• 5:37
  Speaker 2: of company to do the catching up because Tesla's got
• 5:40
  Speaker 2: some great robots going.
• 5:41
  Speaker 1: Thanks so much, Mike Allen. Appreciate it. Thank you.