Sep
02
Rove: Political mistake for Trump to invite Putin to the next G-7


IT’S MAKING GREAT DEALS FOR THE COUNTRY AND THAT’S MUCH MORE IMPORTANT.>>Sandra: JOINING US NOW IS KARL ROVE, GOOD MORNING TO YOU. I KNOW YOU ARE LISTENING TO THE PRESIDENT THERE AND THE G7 WRAPS IN FRANCE, YOUR THOUGHTS AND AS HE LISTENED ONTO THE PRESIDENT MAKING A LOT OF NEWS THERE.>>BIG NEWS ON TWO ISSUES, CHINA AND IRAN. WE TALKED A LITTLE BIT EARLIER ABOUT CHINA, PRESIDENT WANTS A GOOD DEAL, THINKS THE CHINESE WANT A GOOD DEAL. I THOUGHT ONE OF THE OVERLOOKED POINTS THAT’S VERY IMPORTANT IS MACRON’S QUESTION SAME TO THE PRESIDENT WE HEAR YOUR CONCERNS, WE SHARE YOUR CONCERNS ABOUT THE TRAINING IS FEELING INTELLECTUAL PROPERTY AND WE ARE READY TO WORK WITH YOU TO MAKE CERTAIN THEY ABIDE BY INTERNATIONAL NORMS TO THE WTO. I HOPE THE PRESIDENT HEARD THAT AND TAKE THEM UP ON THAT BECAUSE WE DO HAVE A HUGE PROBLEM WITH CHINA STEALING TECHNOLOGY AND IT IS BETTER IF THE WORLD SAYS TO CHINA TO STOP IT, THEN JUST HAVE THE UNITED STATES DOING AND SIGNALING TO THE OTHER LEADERS THAT THEY WERE WILLING TO STAND BY THE PRESIDENT TO MODERNIZE THE WORLD TRADE ORGANIZATION RULES ON INTELLECTUAL PROPERTY TO EXPLICITLY AND THE CHINESE PRACTICES, AND I WAS A IMPORTANT MOMENT TO FOCUS ON THE CHINESE MARKETS RESPONDED POSITIVELY, THE MARKET WAS UP 185 POINTS WHEN I LAST LOOKED. DROP 600 POINTS ON FRIDAY, BUT WE ARE BACK UP NOW 180 POINTS AND THAT IS GOOD NEWS.>>Jon: AS YOU WELL KNOW, CHINA WAS ADMITTED TO THE WORLD TRADE ORGANIZATION WITH THIS WORLDWIDE BELIEF THAT THEY WOULD BEHAVE THEMSELVES AND CONDUCT THEMSELVES LIKE OTHER NATIONS IN THE WORLD DO AND THEY HAVE NOT DONE THAT, SO WHAT WOULD THIS NEW PRESSURE FROM PRESIDENT TRUMP IN PRESIDENT MACRON, HOW WOULD THAT ACCOMPLISH THAT?>>THE RULES OF THE WTO HAS IN PLACE WERE DEVELOPED IN THE EARLY 1990s WHEN INTELLECTUAL PROPERTY AND TECHNOLOGY WERE NOT THE CENTERPIECE. THEY BEGAN TO DO THEIR FORCED TECHNOLOGY TRANSFERS IN THE LATE PART OF THE FIRST DECADE OF THE CENTURY AND HAVE GOTTEN THIS THING GOING IN THE LAST GOVERNOR EIGHT YEARS WHERE THEY BASICALLY SAY IF YOU ARE A U.S. COMPANY AND YOU WANT TO SELL IN CHINA YOU HAVE TO HAVE A CHINESE PARTNER, THE CHINESE PARTNER HAS AN UNLIMITED LICENSE TO YOUR TECHNOLOGY. IF YOU WANT TO SELL TO THE CHINESE GOVERNMENT, YOU HAVE TO HAVE THE PLANT IN CHINA AND SHARE YOUR MANUFACTURING PROCESSES. THEY WERE NOT REALLY GOOD RULES REGARDING THIS BECAUSE IT’S A NEW PRACTICE BUT DO YOU THINK THE GERMANS, THE BRITS, THE ITALIANS, THE FRENCH LOVE HAVING THEIR TECHNOLOGY STOLEN? NO, IT’S HAPPENING TO THEM JUST LIKE IT’S HAPPENING TO US AND IT’S BETTER HAVING GOTTEN THEM IN THE WTO TO SAY IT IS TIME FOR TWO THINGS TO HAPPEN. ONE IS FOR US TO MODERNIZE OUR RULES ON INTELLECTUAL PROPERTY WHICH IS EXACTLY WHAT MACRON DID AND SECOND OF ALL, THE OTHER THING WAS WE BROUGHT CHINA IN AS A DEVELOPING COUNTRY. THEY ARE NO LONGER A DEVELOPING COUNTRY AND SHOULD NO LONGER BE GIVEN THE LEEWAY THAT A DEVELOPING COUNTRY HAS TO BE MORE PROTECTIONIST IN THEIR POLICIES. THEY HAD TO BE TREATED AS A MAJOR ECONOMIC POWER JUST LIKE EVERY MEMBER OF THE G7 IS AND I GOT THE SENSE TODAY HE EXPLICITLY SAID THERE’S A STRONG HINT THAT THIS IS ONE OF THE TWO BIGGEST ECONOMIES IN THE WORLD, WE NEED TO TREAT YOU AS SUCH.>>Sandra: CHARLES PAYNE WAS SAT WITH SN THOUGHT THE SAME, THAT’S HUGE TO HEAR HIM SAY THA THAT. THE COMMENTS THAT WE JUST HEARD FROM PRESIDENT TRUMP ON THAT, HE WAS ASKED ABOUT INVITING VLADIMIR PUTIN BACK TO THE SUMMIT NEXT YEAR AND OF COURSE, THE UNITED STATES WILL BE HOSTING THE SUMMIT. THE PRESIDENT RESPONDED I WOULD CERTAINLY INVITE HIM, BUT SUGGESTED THAT HE MAY NOT ATTEND. SO CERTAINLY, THOSE COMMENTS WILL BE SPREAD AROUND THE WORLD.>>THE G7 — THE G8 TOSS THEM OUT BECAUSE HE VIOLATED INTERNATIONAL NORMS AND INVADED HIS NEIGHBOR AND STOLE TERRITOR TERRITORY. GRANTED, IT’S A PROBLEM. I HEAR THE PRESIDENT WHEN HE SAYS TALKING ABOUT A LOT OF THINGS THAT CONCERNED RUSSIA AND NOW GOING TO HAVE TO TALK ABOUT OUR CLUB IF YOU WILL, ON THE OTHER HAND I THINK IT WOULD BE TERRIBLE FOR THE PRESIDENT POLITICALLY TO INVITE THEM NEXT YEAR PARTICULARLY IF IT’S AT HIS CLUB TO COME TO THE G7 AND MAKE IT THE G8 AGAIN OVER THE OPPOSITION OF HIS PARTNERS IN THE MIDDLE OF A PRESIDENTIAL ELECTION. THIS IS A CONTROVERSY THE PRESIDENT DOES NOT NEED TO BE DEFENDING VLADIMIR PUTIN IN