WEBVTT

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>> Sreenivasan: NEWSHOUR'S

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SERIES, "CHINA: POWER AND

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PROSPERITY," CONTINUES TONIGHT

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WITH ONE OF THE MOST CRITICAL

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ISSUES RANKLING U.S./CHINA

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RELATIONS: TRADE.

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THE TWO NATIONS' DISPUTE HAS

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LARGELY PLAYED OUT AS A TARIFF

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WAR, BUT THERE ARE UNDERLYING

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ISSUES AND ARGUMENTS ON BOTH

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SIDES.

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SO, IN PARTNERSHIP WITH THE

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PULITZER CENTER, WE TELL THIS

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STORY WITH TWO CORRESPONDENTS,

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NICK SCHIFRIN AND KATRINA YU.

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THEY BEGIN IN CHINA'S SILICON

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VALLEY, SHENZHEN.

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>> Yu: IN SHENZHEN'S

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SEG-E-MARKET, YOU CAN BUY

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ANYTHING ELECTRONIC.

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THERE ARE TEN FLOORS OF CIRCUIT

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BOARDS, BATTERY-POWERED

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CHILDREN'S TOYS, DIGITAL

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WATCHES, WIRELESS HEADPHONES,

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EVEN BITCOIN-MINING COMPUTERS.

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>> Schifrin: AND ALL OF THIS IS

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SOLD ALL OVER THE WORLD BECAUSE

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INTERNATIONAL COMPANIES HAVE

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LONG TAPPED INTO CHINA'S MASSIVE

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MARKET AND HUGE SUPPLY OF

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RELIABLE LABOR.

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>> Yu: IF YOU HAVE AN ELECTRONIC

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PRODUCT THAT'S LABELED "MADE IN

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CHINA," THE CHANCES ARE ITS

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PARTS COME FROM HERE AND END UP

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ALL OVER THE WORLD, INCLUDING

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THE U.S.

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>> Schifrin: FOR DECADES, THE

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WORLD'S TWO LARGEST ECONOMIES,

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THE U.S. AND CHINA, HAVE BEEN

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INTEGRATED.

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BUT NOW, THE TRUMP

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ADMINISTRATION IS TRYING TO

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CHANGE THAT, AND THE TRADE WAR

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IS NOT ONLY GOING TO AFFECT

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AMERICAN BUSINESSES AND

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CONSUMERS.

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>> Yu: BUT ALSO BUSINESSES AND

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CONSUMERS HERE IN CHINA.

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SEG-E-MARKET HAS BEEN CALLED THE

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BAROMETER OF CHINA'S ELECTRONICS

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INDUSTRY.

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COMPONENTS AND FINISHED PRODUCTS

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ARE SOURCED FROM SUPER-FACTORIES

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ALL OVER SHENZHEN.

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MORE THAN 60,000 BUSINESSES HAVE

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SET UP SHOP HERE.

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WHILE THEY MAY SELL EVERYWHERE,

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THIS YEAR, ALL EYES ARE ON THE

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U.S.

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>> (<i>translated</i>): I HOPE THE

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TRADE WAR DOESN'T CONTINUE TO

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GET WORSE.

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LET'S KEEP A PEACEFUL

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RELATIONSHIP.

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DON'T RAISE TARIFFS BECAUSE NO

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ONE WINS.

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>> Yu: ALL THE VENDORS THAT WE

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SPOKE TO BLAME PRESIDENT TRUMP

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FOR THE TRADE WAR, AND SOME SAY

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TRUMP FEELS THREATENED BY

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CHINA'’’S SUCCESS...

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>> (<i>translated</i>): CHINA'S

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ELECTRONICS INDUSTRY IS PRETTY

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GOOD.

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NOW, TRUMP IS JUST TRYING TO

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SUPPRESS CHINA'’’S DEVELOPMENT.

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>> Yu: ...THOUGH SOME FREELY

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ADMIT TO SELLING COPIES OF U.S.

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PRODUCTS.

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I ASK HER IF THIS IS A GO-PRO.

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>> (<i>translated</i>): NO, IT'S

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NOT A GO-PRO.

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GO-PRO IS MADE ABROAD, AND IT'S

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VERY EXPENSIVE.

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BUT THIS ONE IS CHEAP, AND IT'S

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SIMILAR.

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>> Yu: HOW SIMILAR, NICK?

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>> Schifrin: WELL,<i>VERY</i>SIMILAR.

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THE CHINESE SPORTSCAM LOOKS

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EXACTLY LIKE THE AMERICAN

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GO-PRO.

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AT THIS CHINESE NEW BARLUN

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STORE, TAKE A LOOK AT THE WORDS.

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THE SNEAKERS AND THE WRITING

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LOOK AN AWFUL LOT LIKE AMERICAN

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NEW BALANCE.

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THAT'S JUST TWO EXAMPLES OF

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CHINESE COPYCATTING THAT THE

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U.S. SAYS TURNED INTO THEFT ON

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AN INDUSTRIALIZED SCALE.

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THE U.S. HAS INDICTED HACKERS

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CONNECTED TO THE CHINESE

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MILITARY FOR STEALING SPECS OF

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AN AMERICAN POWER PLANT SIMILAR

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TO THIS MODEL, AND NAVIGATION

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SATELLITE TECHNOLOGY.

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AND THE U.S. SAYS THE MOST

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EXPENSIVE WEAPONS SYSTEM EVER,

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THE AMERICAN F-35, LOOKS JUST

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LIKE THE CHINESE J-31 BECAUSE

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CHINESE HACKERS STOLE THE

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DESIGNS.

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THE U.S. SAYS, IN JUST A FEW

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DECADES, THEFT HELPED CHINA MAKE

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ITS MILITARY WORLD-CLASS; AND

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ITS COMPANIES, TECHNOLOGY

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LEADERS.

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>> THAT KIND OF TECHNOLOGICAL

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ADVANCEMENT DOESN'T HAPPEN

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ORGANICALLY.

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>> Schifrin: JAKE PARKER HAS

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LIVED IN BEIJING FOR A DECADE.

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HE'S THE VICE PRESIDENT OF THE

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U.S./CHINA BUSINESS COUNCIL,

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WHICH ADVOCATES FOR AMERICAN

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BUSINESSES IN CHINA.

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>> CHINA'S SYSTEM IS SET UP IN

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SUCH A WAY THAT THE STATE HAS

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ACCESS TO INFORMATION THAT

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COMPANIES WOULD CONSIDER TO BE

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TRADE SECRETS.

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THE AMOUNT OF INFORMATION THAT'S

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TRANSFERRED TO THE CHINESE

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GOVERNMENT GOES FAR BEYOND WHAT

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WOULD BE EXPECTED IN ANOTHER

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MARKET.

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>> Schifrin: AS BUSINESSMAN...

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>> YOU HANDLE IT, THEN.

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>> Schifrin: ...AND

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PRESIDENTIAL CANDIDATE, DONALD

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TRUMP HAS ACCUSED CHINA OF

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PURSUING DECADES OF PREDATORY

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TRADE PRACTICES.

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>> WE CAN'T CONTINUE TO ALLOW

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CHINA TO RAPE OUR COUNTRY, AND

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THAT'’’S WHAT THEY'’’RE DOING.

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IT'S THE GREATEST THEFT IN THE

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HISTORY OF THE WORLD.

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WHEN YOU SEE CHINA, THESE ARE

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FIERCE PEOPLE IN TERMS OF

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NEGOTIATION.

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THEY WANT TO TAKE YOUR THROAT

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OUT.

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THEY WANT TO CUT YOU APART.

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>> Schifrin: THE TRUMP

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ADMINISTRATION HAS INCREASED

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U.S. DEMANDS THAT CHINA STOP

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INTELLECTUAL PROPERTY THEFT AND

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WHAT THE U.S. CALLS OTHER UNFAIR

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TRADE PRACTICES.

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THE ADMINISTRATION HAS RELEASED

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TWO MAJOR INVESTIGATIONS INTO

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CHINESE CORPORATE THEFT AND

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LABELED CHINESE COMPUTER,

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TELECOM, AND TECHNOLOGY

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COMPANIES RISKS TO AMERICAN

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NATIONAL SECURITY.

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>> PRESIDENT TRUMP HAS RAISED

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ISSUES THAT HAVE BEEN AN

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IRRITANT IN THE RELATIONSHIP FOR

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A VERY, VERY LONG TIME...

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>> YOU KNOW, WE'RE THE PIGGY

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BANK THAT EVERYBODY STEALS FROM,

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INCLUDING CHINA.

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>> ...THAT HAVE NOT BEEN

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ADEQUATELY ADDRESSED BY THE

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CHINESE SIDE.

04:30.903 --> 04:32.939 align:left position:10% line:89% size:80%
AND FRANKLY, THOSE ISSUES GO TO

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THE CORE OF HOW CHINA'S ECONOMIC

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SYSTEM OPERATES, ITS STATE-OWNED

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ENTERPRISE REFORM, ITS

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INDUSTRIAL POLICY, ITS

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SUBSIDIES, ITS OVERCAPACITY.

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THESE ARE NOT GOING TO BE EASY

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SOLUTIONS THAT CHINA'S GOING TO

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BE ABLE TO IMPLEMENT

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IMMEDIATELY.

04:46.486 --> 04:47.220 align:left position:10% line:89% size:80%
>> Yu: THAT'S BECAUSE THOSE

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PROTECTIONIST MEASURES AND

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STATE-SPONSORED BUSINESS

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DEVELOPMENT HAVE FUELED CHINA'S

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RAPID ECONOMIC RISE.

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NOWHERE IS THAT MORE OBVIOUS

04:55.428 --> 04:56.396 align:left position:10% line:89% size:80%
THAN CHINA'S ARTIFICIAL

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INTELLIGENCE, OR A.I., INDUSTRY.

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IN CHINA'S NORTHEASTERN LIAONING

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PROVINCE, EX-ROBOT IS WORKING ON

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HUMAN-LIKE A.I. ROBOTS.

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CHINA WANTS TO BE THE GLOBAL

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CENTER FOR A.I. BY 2030, AND

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SOME IN THE TRUMP ADMINISTRATION

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BELIEVE CHINA IS FAST CLOSING

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THE GAP ON THE U.S.' DOMINANCE

05:15.415 --> 05:18.384 align:left position:10% line:89% size:80%
OF A.I.

05:18.384 --> 05:19.285 align:left position:10% line:89% size:80%
THEY CAN MIMIC FACIAL

05:19.285 --> 05:21.220 align:left position:10% line:89% size:80%
EXPRESSIONS, RESPOND TO

05:21.220 --> 05:22.121 align:left position:10% line:89% size:80%
QUESTIONS...

05:22.121 --> 05:23.956 align:left position:10% line:89% size:80%
>> (<i>SPEAKING INCHINESE</i>)

05:23.956 --> 05:26.192 align:left position:10% line:89% size:80%
>> (<i>SPEAKING IN CHINESE</i>)

05:26.192 --> 05:27.527 align:left position:10% line:89% size:80%
>> (<i>SPEAKING IN CHINESE</i>)

05:27.527 --> 05:29.128 align:left position:10% line:89% size:80%
>> Yu: ...AND EVEN HOST A TV

05:29.128 --> 05:29.796 align:left position:10% line:89% size:80%
SHOW.

05:29.796 --> 05:31.597 align:left position:10% line:89% size:80%
>> (<i>SPEAKING IN CHINESE</i>)

05:31.597 --> 05:32.999 align:left position:10% line:89% size:80%
>> Yu: EX-ROBOT PRESIDENT YANG

05:32.999 --> 05:34.867 align:left position:10% line:89% size:80%
DONGYUE SAYS HIS COMPANY WILL BE

05:34.867 --> 05:36.302 align:left position:10% line:89% size:80%
ONE OF THE FIRST IN THE WORLD

05:36.302 --> 05:38.338 align:left position:10% line:89% size:80%
WHOSE ROBOTS CAN REPLACE SERVICE

05:38.338 --> 05:40.440 align:left position:10% line:89% size:80%
EMPLOYEES.

05:40.440 --> 05:41.240 align:left position:10% line:89% size:80%
>> (<i>translated</i>): THEIR MAIN

05:41.240 --> 05:42.508 align:left position:10% line:89% size:80%
FUNCTION IS TO COMMUNICATE WITH

05:42.508 --> 05:44.510 align:left position:10% line:89% size:80%
PEOPLE, SO A GOOD APPEARANCE IS

05:44.510 --> 05:45.678 align:left position:10% line:89% size:80%
A MUST.

05:45.678 --> 05:46.879 align:left position:10% line:89% size:80%
IF THE ROBOT IS VERY GOOD-

05:46.879 --> 05:48.581 align:left position:10% line:89% size:80%
LOOKING, LIKE A PRETTY LADY OR A

05:48.581 --> 05:50.216 align:left position:10% line:89% size:80%
HANDSOME MAN, PEOPLE WILL FEEL

05:50.216 --> 05:51.384 align:left position:10% line:89% size:80%
MORE PLEASANT WHEN TALKING WITH

05:51.384 --> 05:52.585 align:left position:10% line:89% size:80%
THEM.

05:52.585 --> 05:53.686 align:left position:10% line:89% size:80%
>> Yu: BEIJING HAS BEEN SO

05:53.686 --> 05:54.854 align:left position:10% line:89% size:80%
DETERMINED TO CATCH UP AND

05:54.854 --> 05:56.522 align:left position:10% line:89% size:80%
SURPASS THE U.S. IN A.I.

05:56.522 --> 05:58.124 align:left position:10% line:89% size:80%
TECHNOLOGY, IT'S COMMITTED

05:58.124 --> 06:03.062 align:left position:10% line:89% size:80%
$150 BILLION TO ITS DEVELOPMENT.

06:03.062 --> 06:04.397 align:left position:10% line:89% size:80%
EX-ROBOT ACKNOWLEDGES THAT IT

06:04.397 --> 06:06.232 align:left position:10% line:89% size:80%
RECEIVES GOVERNMENT SUBSIDIES

06:06.232 --> 06:07.867 align:left position:10% line:89% size:80%
BUT REFUSES TO DISCLOSE HOW

06:07.867 --> 06:09.635 align:left position:10% line:89% size:80%
MUCH.

06:09.635 --> 06:10.903 align:left position:10% line:89% size:80%
MEANWHILE, CHINA ACCUSES THE

06:10.903 --> 06:12.872 align:left position:10% line:89% size:80%
U.S. OF INVESTING BILLIONS ON

06:12.872 --> 06:14.907 align:left position:10% line:89% size:80%
ITS OWN A.I. TECHNOLOGY, LIKE

06:14.907 --> 06:16.476 align:left position:10% line:89% size:80%
THIS ROBOTIC PACK MULE THAT'S

06:16.476 --> 06:18.044 align:left position:10% line:89% size:80%
BEING FUNDED BY PENTAGON

06:18.044 --> 06:19.445 align:left position:10% line:89% size:80%
RESEARCH.

06:19.445 --> 06:20.146 align:left position:10% line:89% size:80%
>> Schifrin: BUT KATRINA, THE

06:20.146 --> 06:21.581 align:left position:10% line:89% size:80%
U.S. DENIES THAT PENTAGON

06:21.581 --> 06:23.316 align:left position:10% line:89% size:80%
SPENDING IS A SUBSIDY AND

06:23.316 --> 06:24.951 align:left position:10% line:89% size:80%
COMPLAINS CHINA'S SUBSIDIES ARE

06:24.951 --> 06:26.719 align:left position:10% line:89% size:80%
INTO PRIVATE COMPANIES AND

06:26.719 --> 06:29.155 align:left position:10% line:89% size:80%
CONCEALED IN EVERY INDUSTRY,

06:29.155 --> 06:30.656 align:left position:10% line:89% size:80%
TILTING THE GLOBAL PLAYING FIELD

06:30.656 --> 06:32.525 align:left position:10% line:89% size:80%
IN CHINA'S FAVOR AND VIOLATING

06:32.525 --> 06:34.727 align:left position:10% line:89% size:80%
INTERNATIONAL TRADE RULES.

06:34.727 --> 06:35.995 align:left position:10% line:89% size:80%
>> THE CHINESE COMMUNIST PARTY

06:35.995 --> 06:38.297 align:left position:10% line:89% size:80%
HAS USED AN ARSENAL OF POLICIES

06:38.297 --> 06:39.866 align:left position:10% line:89% size:80%
INCONSISTENT WITH FREE AND FAIR

06:39.866 --> 06:40.933 align:left position:10% line:89% size:80%
TRADE.

06:40.933 --> 06:42.201 align:left position:10% line:89% size:80%
THESE POLICIES HAVE BUILT

06:42.201 --> 06:44.437 align:left position:10% line:89% size:80%
BEIJING'S MANUFACTURING BASE AT

06:44.437 --> 06:46.739 align:left position:10% line:89% size:80%
THE EXPENSE OF ITS COMPETITORS,

06:46.739 --> 06:49.509 align:left position:10% line:89% size:80%
ESPECIALLY THE UNITED STATES OF

06:49.509 --> 06:51.778 align:left position:10% line:89% size:80%
AMERICA.

06:51.778 --> 06:53.012 align:left position:10% line:89% size:80%
>> Yu: CHINA HAS BUILT ITS OWN

06:53.012 --> 06:54.680 align:left position:10% line:89% size:80%
MANUFACTURING BASE THAT PROVIDES

06:54.680 --> 06:56.883 align:left position:10% line:89% size:80%
CHEAP AND EFFICIENT LABOR, AND

06:56.883 --> 06:58.818 align:left position:10% line:89% size:80%
MANY U.S. BUSINESSES USE IT TO

06:58.818 --> 07:02.121 align:left position:10% line:89% size:80%
MAXIMIZE PROFITS.

07:02.121 --> 07:03.389 align:left position:10% line:89% size:80%
SHANGHAI GENERAL SPORTS IS ONE

07:03.389 --> 07:04.323 align:left position:10% line:89% size:80%
OF THE BIGGEST BICYCLE

07:04.323 --> 07:06.092 align:left position:10% line:89% size:80%
MANUFACTURERS IN CHINA.

07:06.092 --> 07:07.293 align:left position:10% line:89% size:80%
THE COMPANY PRODUCES MORE THAN

07:07.293 --> 07:11.697 align:left position:10% line:89% size:80%
THREE MILLION BIKES EVERY YEAR.

07:11.697 --> 07:13.499 align:left position:10% line:89% size:80%
C.E.O. LEI GE ATTRIBUTES THE

07:13.499 --> 07:14.734 align:left position:10% line:89% size:80%
COMPANY'S SUCCESS TO BUILDING

07:14.734 --> 07:16.002 align:left position:10% line:89% size:80%
CLOSE RELATIONSHIPS WITH HIS

07:16.002 --> 07:17.837 align:left position:10% line:89% size:80%
PARTNERS ABROAD, PARTICULARLY IN

07:17.837 --> 07:19.472 align:left position:10% line:89% size:80%
THE U.S.

07:19.472 --> 07:20.940 align:left position:10% line:89% size:80%
>> WE WORK WITH OUR PARTNERS IN

07:20.940 --> 07:24.177 align:left position:10% line:89% size:80%
THE STATES AS A FAMILY.

07:24.177 --> 07:25.878 align:left position:10% line:89% size:80%
THAT'S WHY WE CAN BECOME SO

07:25.878 --> 07:26.712 align:left position:10% line:89% size:80%
CLOSE.

07:26.712 --> 07:27.647 align:left position:10% line:89% size:80%
>> Yu: THAT SUPPLY CHAIN

07:27.647 --> 07:29.649 align:left position:10% line:89% size:80%
INTEGRATION HAS BUILT UP OVER 30

07:29.649 --> 07:31.384 align:left position:10% line:89% size:80%
YEARS, AND IT MEANS THE TRADE

07:31.384 --> 07:32.919 align:left position:10% line:89% size:80%
WAR HAS HIT SHANGHAI GENERAL

07:32.919 --> 07:34.420 align:left position:10% line:89% size:80%
SPORTS AND MANY COMPANIES IN

07:34.420 --> 07:36.823 align:left position:10% line:89% size:80%
CHINA THAT SELL TO THE U.S.

07:36.823 --> 07:38.891 align:left position:10% line:89% size:80%
LEI HAS HAD TO LET GO ABOUT 30%

07:38.891 --> 07:40.193 align:left position:10% line:89% size:80%
OF HIS STAFF.

07:40.193 --> 07:41.294 align:left position:10% line:89% size:80%
IT DOESN'T HELP THAT CHINA'S

07:41.294 --> 07:42.762 align:left position:10% line:89% size:80%
ECONOMIC GROWTH HAS SLUMPED TO

07:42.762 --> 07:44.630 align:left position:10% line:89% size:80%
ITS LOWEST LEVEL IN NEARLY THREE

07:44.630 --> 07:46.332 align:left position:10% line:89% size:80%
DECADES.

07:46.332 --> 07:47.733 align:left position:10% line:89% size:80%
>> OH, WE HATE THIS.

07:47.733 --> 07:49.368 align:left position:10% line:89% size:80%
IT'S JUST MORE DIFFICULT THAN

07:49.368 --> 07:51.437 align:left position:10% line:89% size:80%
EVER.

07:51.437 --> 07:53.406 align:left position:10% line:89% size:80%
OF COURSE, WE FEEL DISAPPOINTED,

07:53.406 --> 07:55.508 align:left position:10% line:89% size:80%
AND WE FEEL UPSET, BUT THERE'S

07:55.508 --> 07:57.543 align:left position:10% line:89% size:80%
NOTHING WE CAN DO.

07:57.543 --> 07:58.744 align:left position:10% line:89% size:80%
>> Yu: THIS FACTORY PRODUCES UP

07:58.744 --> 08:02.048 align:left position:10% line:89% size:80%
TO 13,000 BICYCLES EVERYDAY.

08:02.048 --> 08:02.882 align:left position:10% line:89% size:80%
THEY'RE SENT TO COUNTRIES SUCH

08:02.882 --> 08:05.451 align:left position:10% line:89% size:80%
AS AUSTRALIA, CANADA, AND JAPAN.

08:05.451 --> 08:08.020 align:left position:10% line:89% size:80%
BUT 80% OF THEM ARE MADE FOR THE

08:08.020 --> 08:09.956 align:left position:10% line:89% size:80%
UNITED STATES.

08:09.956 --> 08:10.890 align:left position:10% line:89% size:80%
>> Schifrin: AND ARRIVE IN THIS

08:10.890 --> 08:12.758 align:left position:10% line:89% size:80%
SOUTH CAROLINA FACTORY.

08:12.758 --> 08:14.026 align:left position:10% line:89% size:80%
>> WE'RE PRODUCING THIS YEAR

08:14.026 --> 08:15.761 align:left position:10% line:89% size:80%
ABOUT 300,000 BICYCLES.

08:15.761 --> 08:16.829 align:left position:10% line:89% size:80%
>> Schifrin: ARNOLD KAMLER IS

08:16.829 --> 08:18.231 align:left position:10% line:89% size:80%
ONE OF THE PRIMARY BUYERS OF

08:18.231 --> 08:20.533 align:left position:10% line:89% size:80%
SHANGHAI GENERAL SPORTS' PARTS.

08:20.533 --> 08:21.968 align:left position:10% line:89% size:80%
HE'S THE CHAIRMAN AND C.E.O. OF

08:21.968 --> 08:23.836 align:left position:10% line:89% size:80%
KENT BIKES, ONE OF THE LARGEST

08:23.836 --> 08:26.038 align:left position:10% line:89% size:80%
BIKE WHOLESALERS IN THE U.S.

08:26.038 --> 08:27.440 align:left position:10% line:89% size:80%
ON EVERY BIKE FRAME IMPORTED

08:27.440 --> 08:29.141 align:left position:10% line:89% size:80%
FROM CHINA, KENT HAS TO PAY A

08:29.141 --> 08:31.944 align:left position:10% line:89% size:80%
36% TARIFF TO U.S. CUSTOMS.

08:31.944 --> 08:34.280 align:left position:10% line:89% size:80%
ON EVERY TIRE, IT'’’S 30%.

08:34.280 --> 08:36.482 align:left position:10% line:89% size:80%
WHEN YOU PAY THAT AMOUNT TO U.S.

08:36.482 --> 08:38.184 align:left position:10% line:89% size:80%
CUSTOMS, DO YOU THEREFORE

08:38.184 --> 08:41.320 align:left position:10% line:89% size:80%
INCREASE YOUR PRICES TO YOUR

08:41.320 --> 08:42.288 align:left position:10% line:89% size:80%
CLIENTS?

08:42.288 --> 08:42.855 align:left position:10% line:89% size:80%
>> OH, OF COURSE.

08:42.855 --> 08:44.156 align:left position:10% line:89% size:80%
THE BICYCLE BUSINESS IS A VERY

08:44.156 --> 08:46.392 align:left position:10% line:89% size:80%
HIGH-VOLUME BUT-- UNFORTUNATELY

08:46.392 --> 08:47.426 align:left position:10% line:89% size:80%
FOR ME-- A VERY LOW PROFIT-

08:47.426 --> 08:48.928 align:left position:10% line:89% size:80%
MARGIN BUSINESS.

08:48.928 --> 08:50.463 align:left position:10% line:89% size:80%
AND SO, WHEN WE HAVE AN INCREASE

08:50.463 --> 08:53.666 align:left position:10% line:89% size:80%
OF THAT SIZE, WE HAVE NO CHOICE

08:53.666 --> 08:55.234 align:left position:10% line:89% size:80%
BUT... BUT TO RAISE PRICES.

08:55.234 --> 08:55.935 align:left position:10% line:89% size:80%
>> Schifrin: AND THOSE HIGHER

08:55.935 --> 08:58.538 align:left position:10% line:89% size:80%
PRICES HAVE LED TO A 20% DROP IN

08:58.538 --> 09:00.740 align:left position:10% line:89% size:80%
SALES SINCE THE TRADE WAR BEGAN.

09:00.740 --> 09:02.341 align:left position:10% line:89% size:80%
AND THAT'S MEANT KAMLER'S HAD TO

09:02.341 --> 09:03.743 align:left position:10% line:89% size:80%
LAY OFF A QUARTER OF HIS

09:03.743 --> 09:05.311 align:left position:10% line:89% size:80%
EMPLOYEES.

09:05.311 --> 09:06.312 align:left position:10% line:89% size:80%
>> THESE TARIFFS ARE HURTING US

09:06.312 --> 09:08.114 align:left position:10% line:89% size:80%
VERY BADLY, BUT WE'RE A SMART

09:08.114 --> 09:08.848 align:left position:10% line:89% size:80%
COMPANY.

09:08.848 --> 09:10.016 align:left position:10% line:89% size:80%
AND SO, WE'LL OVERCOME THIS

09:10.016 --> 09:12.618 align:left position:10% line:89% size:80%
CHALLENGE BY SOURCING ELSEWHERE

09:12.618 --> 09:13.886 align:left position:10% line:89% size:80%
OVER TIME.

09:13.886 --> 09:15.021 align:left position:10% line:89% size:80%
>> Yu: AND THAT'S EXACTLY WHAT'S

09:15.021 --> 09:15.888 align:left position:10% line:89% size:80%
HAPPENING.

09:15.888 --> 09:17.290 align:left position:10% line:89% size:80%
GENERAL SPORTS WILL TURN THIS

09:17.290 --> 09:18.624 align:left position:10% line:89% size:80%
FIELD IN CAMBODIA INTO A

09:18.624 --> 09:21.861 align:left position:10% line:89% size:80%
500,000-SQUARE FOOT FACTORY.

09:21.861 --> 09:23.329 align:left position:10% line:89% size:80%
LEI SAYS IT'S AN INVESTMENT HE

09:23.329 --> 09:25.464 align:left position:10% line:89% size:80%
WISHES HE DIDN'T HAVE TO MAKE

09:25.464 --> 09:27.066 align:left position:10% line:89% size:80%
BECAUSE HE FEARS LABOR COSTS

09:27.066 --> 09:28.467 align:left position:10% line:89% size:80%
WILL RISE.

09:28.467 --> 09:31.437 align:left position:10% line:89% size:80%
>> I PREFER STAYING IN CHINA.

09:31.437 --> 09:35.141 align:left position:10% line:89% size:80%
I SPEAK THE SAME LANGUAGE, AND

09:35.141 --> 09:37.109 align:left position:10% line:89% size:80%
IT'S EASIER TO... TO FIND

09:37.109 --> 09:38.244 align:left position:10% line:89% size:80%
WORKERS.

09:38.244 --> 09:39.011 align:left position:10% line:89% size:80%
>> Schifrin: IT MAY NOT BE GOOD

09:39.011 --> 09:40.479 align:left position:10% line:89% size:80%
FOR BUSINESSES, BUT DRIVING

09:40.479 --> 09:42.348 align:left position:10% line:89% size:80%
COMPANIES OUT OF CHINA IS MUSIC

09:42.348 --> 09:43.182 align:left position:10% line:89% size:80%
TO MANY IN THE TRUMP

09:43.182 --> 09:44.650 align:left position:10% line:89% size:80%
ADMINISTRATIONS'’’ EARS.

09:44.650 --> 09:46.085 align:left position:10% line:89% size:80%
SOME SENIOR ADVISORS WANT TO

09:46.085 --> 09:47.820 align:left position:10% line:89% size:80%
CONTINUE ECONOMIC INTEGRATION

09:47.820 --> 09:49.422 align:left position:10% line:89% size:80%
WITH CHINA, BUT OTHERS SEE CHINA

09:49.422 --> 09:51.090 align:left position:10% line:89% size:80%
AS A NATIONAL SECURITY THREAT

09:51.090 --> 09:52.124 align:left position:10% line:89% size:80%
AND WANT TO SEPARATE THE TWO

09:52.124 --> 09:53.292 align:left position:10% line:89% size:80%
ECONOMIES.

09:53.292 --> 09:54.760 align:left position:10% line:89% size:80%
PRESIDENT TRUMP HAS VACILLATED

09:54.760 --> 09:55.995 align:left position:10% line:89% size:80%
BETWEEN THE CAMPS.

09:55.995 --> 09:57.496 align:left position:10% line:89% size:80%
IN LATE AUGUST, HE TWEETED:

09:57.496 --> 09:58.798 align:left position:10% line:89% size:80%
"OUR GREAT AMERICAN COMPANIES

09:58.798 --> 09:59.865 align:left position:10% line:89% size:80%
ARE HEREBY ORDERED TO

09:59.865 --> 10:01.367 align:left position:10% line:89% size:80%
IMMEDIATELY START LOOKING FOR AN

10:01.367 --> 10:02.969 align:left position:10% line:89% size:80%
ALTERNATIVE TO CHINA."

10:02.969 --> 10:04.670 align:left position:10% line:89% size:80%
BUT AT THE G7 IN FRANCE JUST

10:04.670 --> 10:06.105 align:left position:10% line:89% size:80%
THREE DAYS LATER, HE SAID

10:06.105 --> 10:07.506 align:left position:10% line:89% size:80%
AMERICAN COMPANIES COULD STILL

10:07.506 --> 10:08.808 align:left position:10% line:89% size:80%
THRIVE IN CHINA.

10:08.808 --> 10:10.409 align:left position:10% line:89% size:80%
>> IF WE MAKE A DEAL, I'D LIKE

10:10.409 --> 10:11.877 align:left position:10% line:89% size:80%
TO SEE THEM STAY THERE AND DO A

10:11.877 --> 10:13.212 align:left position:10% line:89% size:80%
GREAT JOB.

10:13.212 --> 10:14.380 align:left position:10% line:89% size:80%
>> Yu: ON CHINESE MEDIA,

10:14.380 --> 10:15.881 align:left position:10% line:89% size:80%
COMMENTATORS ARGUE PRESIDENT

10:15.881 --> 10:17.917 align:left position:10% line:89% size:80%
TRUMP'S FLIP-FLOPS SHOW HE'S

10:17.917 --> 10:19.218 align:left position:10% line:89% size:80%
UNRELIABLE.

10:19.218 --> 10:20.786 align:left position:10% line:89% size:80%
>> YOU CANNOT BE IN A SITUATION

10:20.786 --> 10:23.155 align:left position:10% line:89% size:80%
WHERE I DON'T... I DON'T BELIEVE

10:23.155 --> 10:24.190 align:left position:10% line:89% size:80%
WHAT YOU'RE SAYING, AND I DON'T

10:24.190 --> 10:25.524 align:left position:10% line:89% size:80%
BELIEVE YOU'LL CARRY OUT EVEN IF

10:25.524 --> 10:26.459 align:left position:10% line:89% size:80%
YOU DO.

10:26.459 --> 10:27.727 align:left position:10% line:89% size:80%
HOW CAN I HAVE A NEGOTIATION

10:27.727 --> 10:28.661 align:left position:10% line:89% size:80%
WITH YOU?

10:28.661 --> 10:29.829 align:left position:10% line:89% size:80%
>> Yu: CHINA HAS TAKEN STEPS TO

10:29.829 --> 10:31.364 align:left position:10% line:89% size:80%
ENSURE IT'S LESS VULNERABLE TO

10:31.364 --> 10:32.999 align:left position:10% line:89% size:80%
TRUMP'S TRADE WAR SHOTS, FROM

10:32.999 --> 10:34.367 align:left position:10% line:89% size:80%
BOOSTING DOMESTIC SUPPLIES OF

10:34.367 --> 10:36.736 align:left position:10% line:89% size:80%
SOYBEANS, CORN AND COTTON, TO

10:36.736 --> 10:38.671 align:left position:10% line:89% size:80%
EXPANDING EXPORT MARKETS BEYOND

10:38.671 --> 10:40.573 align:left position:10% line:89% size:80%
THE U.S. TO AFRICA AND SOUTH

10:40.573 --> 10:43.809 align:left position:10% line:89% size:80%
AMERICA.

10:43.809 --> 10:45.111 align:left position:10% line:89% size:80%
WITH NO NEED FOR DEMOCRATIC

10:45.111 --> 10:47.179 align:left position:10% line:89% size:80%
ELECTIONS AND WHAT IT CALLS A

10:47.179 --> 10:48.514 align:left position:10% line:89% size:80%
HIGHER ECONOMIC "PAIN

10:48.514 --> 10:50.783 align:left position:10% line:89% size:80%
THRESHOLD," CHINESE TV SAYS

10:50.783 --> 10:53.919 align:left position:10% line:89% size:80%
CHINA CAN OUTLAST TRUMP.

10:53.919 --> 10:54.954 align:left position:10% line:89% size:80%
>> (<i>translated</i>): ANYONE WHO

10:54.954 --> 10:56.989 align:left position:10% line:89% size:80%
MISJUDGES CHINA WILL SURELY PAY

10:56.989 --> 10:58.557 align:left position:10% line:89% size:80%
THE PRICE OF THE CHINESE

10:58.557 --> 11:01.827 align:left position:10% line:89% size:80%
PEOPLE'’’S STEEL WILL.

11:01.827 --> 11:02.628 align:left position:10% line:89% size:80%
>> Schifrin: BUT PRESIDENT TRUMP

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HAS SAID<i>HE</i>CAN OUTLAST CHINA

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AND VOWS TO HOLD HIS GROUND,

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EVEN IF THAT HARMS THE U.S.

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ECONOMY SHORT-TERM.

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>> I AM DOING THIS, WHETHER IT'S

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GOOD OR BAD, FOR YOUR... YOUR

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STATEMENT ABOUT, "OH, WILL WE

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FALL INTO A RECESSION FOR TWO

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MONTHS," OKAY?

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THE FACT IS, SOMEBODY HAD TO

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TAKE CHINA ON.

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MY LIFE WOULD BE A LOT EASIER IF

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I DIDN'’’T TAKE CHINA ON.

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BUT I LIKE DOING IT BECAUSE I

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HAVE TO DO IT.

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>> Schifrin: WHICH MEANS

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U.S./CHINA COOPERATION IS

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DECREASING AND CONFRONTATION IS

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INCREASING.

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>> Yu: AND THE TRADE WAR

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CONTINUES AS TWO ECONOMIES THAT

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HAVE BEEN INTEGRATED FOR DECADES

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ARE ALREADY DRIFTING APART.

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FOR THE PBS NEWSHOUR, I'M

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KATRINA YU.

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>> Schifrin: AND I'M NICK

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SCHIFRIN.