Trump Lists Rare Earths, Fentanyl as Top Demands Before China Trade Talks Resume

Watch Trump Lists Rare Earths, Fentanyl as Top Demands Before China Trade Talks Resume - Bloomberg on Dailymotion

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00:00President Trump curating a list of top trade demands for China.

00:04One of the things I want is China's going to buy soybeans.

00:07I want China to stop with the fentanyl.

00:10Very, you know, normal things.

00:12I don't want them to play the rare earth game with us.

00:16This, as Treasury Secretary Scott Messon says,

00:18the U.S. and China will hold talks later this week.

00:21For more, Bloomberg's Brendan Murray joins us now.

00:23Brendan, we knew these were the top three issues.

00:25What progress can be made if the U.S. doesn't give China something in return?

00:31Yeah, exactly.

00:32This is going to be a really consequential week

00:34with the talks between Secretary Messon and his Chinese counterpart.

00:39The relations between the two world's largest economies

00:42got pretty sour the past week or so

00:45with Secretary Messon calling his counterpart a trade negotiator

00:50on the Chinese side unhinged and rogue.

00:53So it's going to take a lot for the two sides to look across the table from each other

00:58and see trust and an ability to work constructively.

01:03But that will set the stage for, as Alan was discussing,

01:07the summit between President Xi and President Trump at the APEC meeting.

01:12Now, whether they can actually come away with any sort of grand deal,

01:15I think a lot of people would have their doubts about that.

01:18But the things that President Trump mentioned,

01:20the soybeans, the fentanyl, and the rare earths

01:22are just kind of the stuff that's been on the table all along.

01:26And if China can give a little bit in that department,

01:29maybe Trump will ease off of the 100% tariff threat that he's put on China.