has to maintain the dignity of the country, but it does so ina way to signal that it wants this to resolve.
RLK: It won't resolve soon. No one expects it before the mid- term elections. But it's very important to understand from the US point of view what the real issues are and where we seek the solution.
HOST: What are the real issues?
A= Local Time 10:14
CHINA-US TRADE WAR US imposes new tariffs on $200bn of Chinese goods EIGS NEWS 03:14 vs . TWITTER @BBCNews [ISNT CHRISTINE §
RLK: There are five real issues and I do not include the trade deficit — because, obviously the trade deficit is complicated. You have components coming from other countries that is counted as part of the trade deficit, but
China gets no benefit from them.
An iPhone for example. Maybe, China gets 6 or 10 percent of the cost of roughly $350 for a $1000 retail price. China has also service purchases that's not included in the trade deficit, something like $40 billion per year — tourists, students.
BASS Beijing
=“ 1; |
CHINA-US TRADE WAR
GIGS NEWS 03:13 f ESESRiSSS APPLE PAYS DISPUTED IRISH TAX BILL a
HOUSE_OVERSIGHT_026890