Practice English Speaking&Listening with: Ross: We have never been closer to free trade environment in the world

ONE DEAL WITH CHINA, IN THIS

ADMINISTRATION.

JOINING ME RIGHT NOW HE

COMMERCE SECRETARY WILBUR ROSS

TO TALK MORE ABOUT THAT

SECRETARY GREAT TO SEE YOU.

THANKS SO MUCH FOR BEING HERE

CONGRATULATIONS, THIS IS

SOMETHING YOU WORKED ON A LONG

TIME FINALLY HEADED TO THE

PRESIDENT'S DESK.

>> IT IS WONDERFUL, VERY SAFE

ON HIS DESK HE HAS BEEN

WAITING THIS QUITE A LITTLE

WHILE.

>> TELL ME ABOUT IMPACT WHAT

IS THE REAL SIGNIFICANCE

IMPACT OF USMCA VERSUS THE OLD

NAFTA.

>> I THINK SEVERAL IMPACTS

FIRST OF ALL IT REMOVES

ARTIFICIAL BARRIERS IN TERMS

OF AGRICULTURE, THAT IS VERY

IMPORTANT THING FOR LOTS AND

LOTS OF REASONS.

SECOND, IT HAS NEW CHAPTERS ON

DIGITAL VERY GOOD WE HOPE ROLL

OUT INTO OTHER AGREEMENTS AS

WE GO FORWARD.

THEN THIRD, IT SIMPLY CLEARS

THE AIR.

IT MAKES A VERY GOOD BASE.

IT COMBINED WITH CHINA PHASE

ONE, COMBINED WITH THE JAPAN

DEALS, COMBINED WITH THE

KOREAN, WE HAVE NEVER BONE

CLOSER TO FREE TRADE

ENVIRONMENT IN THE WORLD THAN

WHAT THIS PRESIDENT HAS

ACCOMPLISHED.

MARIA: WOW!

I WANT TO ASK WHAT IS NEXT

OBVIOUSLY, I SPOKE WITH

PRESIDENT TRUMP YESTERDAY, IN

MY ONE-ON-ONE INTERVIEW HERE

IN DAVOS I ASKED HIM ABOUT

EUROPE AND WHETHER OR NOT WE

ARE GOING TO SEE TARIFFS

ADDITIONAL ON EUROPEAN UNION

WATCH THIS.

>> WHAT DO YOU WANT EUROPE TO

DO BY MORE AGRICULTURE IN

ORDER FOR YOU TO HOLD BACK ON

ADDITIONAL TARIFFS.

>> SO WE -- WE MADE SOME GREAT

-- THE CHINA DEAL AMAZING WE

WILL BE STARTING PHASE TWO

VERY SOON I LEFT 25% TARIFFS

ON BECAUSE GOOD TO NEGOTIATE

FOR PHASE TWO THEY WANT TO

START PHASE TWO RIGHT AWAY SO

DO I WE WILL START THAT RIGHT

AWAY THE EUROPEAN UNION IS

TOUGHER TO DEAL WITH THAN

ANYBODY THEY HAVE TAKEN

ADVANTAGE OF OUR COUNTRY MANY,

MANY YEARS IT WAS FORMED FOR

TAKING ADVANTAGE OF THE UNITED

STATES IF YOU REALLY THINK

ABOUT IT THEY HAVE TAKEN

ADVANTAGE BEEN VERY, VERY

TOUGH TO DEAL WITH FOR ME VERY

EASY TO DEAL WITH IF WE WANT

MAKE DEL WE HAVE TO PUT 5%

TARIFF, 20 OR 25% I AM SURE

THEY ARE GOING TO MAKE A DEEM.

>> THEY HAVE TO DO IT THEY

HAVE NO CHOICE.

MARIA: THEY HAVE NO CHOICE,

SECRETARY?

>> I THINK THEY HAVE THE

DESIRE TO MAKE A DEAL WITH US.

FRANKLY I HAVE SEEN A LITTLE

BIT OF THE SENSE OF PANIC,

AMONG SOME OF THE EUROPEANS,

BECAUSE THEY KNOW THAT WITH US

SOLIDIFYING THE USMCA, AND

CHINA PHASE ONE, THEY ARE M

MUCH STRONGER NEGOTIATING

POSITION THAN WE'VE EVER BEEN.

>> DO YOU WORRY IF WE WERE TO

SEE ADDITIONAL TARIFFS ON

EUROPEAN PRODUCTS THAT THAT

HURTS THE U.S. ECONOMY?

>> I DON'T THINK SO.

YOU ALWAYS HAVE SOME BACKLASH

FROM THEM, THEY UNDOUBTEDLY

WOULD DO SOMETHING TO

RETALIATE, BUT REMEMBER THE

PRESIDENT SIMPLY SAID THIS IS

IF IT FAILS OUR WORKING

ASSUMPTION IS IT WILL NOT FAIL

THAT WE WILL MAKE A DEAL WITH

THEM, ABOUT I HAVE MET A

COUPLE TIMES WITH THE

COMMISSIONER HOGAN, HE USED TO

BE THE AGRICULTURE

COMMISSIONER SO HE CERTAINLY

KNOWS THAT SIDE OF THINGS

VERY, VERY WELL.

WHETHER THAT WILL MAKE IT

EASIER OR HARDER, ABOUT THE

REAL QUESTION.

>> WHAT ARE THE PRIORITIES,

EUROPE UK, DO YOU EXPECT THAT

YOU ARE GOING TO SEE TRADE

DEALS WITH -- WITH EU FOR

EXAMPLE, IN 2020?

>> WELL WE HOPE SO.

WE WON'T BE THE DELAY THE REAL

DELAY IS ON EU SIDE, BECAUSE

THEY HAVE TO GET A MANDATE

FROM EVERY SINGLE COUNTRY.

SO EACH ONE HAS ONE LITTLE

THING IT WANTS TO PICK AT

SLOWS THINGS DOWN, MAKES

DECISIONS HARD.

AT LEAST WITH CHINA THERE WAS

ONE CENTRAL AUTHORITY THAT YOU

DEALT WITH.

THAT CENTRAL AUTHORITY COULD

DELIVER THE DEAL, MUCH MORE

IMPLICATED WITH EUROPE.

MARIA: CERTAINLY ONE

POSITIVE, OF THE TOP-DOWN

ECONOMY THERE UK WE'VE GOT

MORE PROGRESS WE KNOW, IN

TERMS OF BREXIT DO YOU EXPECT

A DEAL WITH UK THIS YEAR?

WE HOPE SO.

THE ISSUES WE HAVE WITH THEM

ARE FAR SMALLER THAN THEY ARE

WITH EUROPE BECAUSE UK ECONOMY

AND OURS MUCH MORE SIMILAR TO

EACH OTHER, THAN EITHER OF US

IS TO EUROPE, WE ARE BOTH

SERVICE BASED, FINANCIAL

SERVICES A BIG SECTOR IN BOTH

FAIRLY WELL INTEGRATED ALREADY

AND WE HAVE A REAL TRUST --

THE PRESIDENT TRUMP VERY MUCH

LIKES BORIS JOHNSON THAT IS

ALSO A GOOD IF YOU HAVE THE

LEADERSHIP WANTING TO BE

FRIENDLY AND TRUSTING EACH

OTHER.

MARIA: HAVE YOU ALSO BEEN IN

DISCUSSION WITH INDIA

SECRETARY.

>> I HAVE SPENT TWO TRIPS IN

INDIA ALREADY LAST YEAR

PROBABLY MORE TO COME.

INDIA NEEDS TO DO TRADE DEALS.

AND WE'RE EAGER TO COOPERATE

WITH THEM.

MARIA: PERHAPS THAT IS

ANOTHER PRIORITY FOR 2020.

>> VERY MUCH DOUBT THAT WOULD

OCCUR THIS YEAR.

>> OKAY, I SEE LET ME ASK YOU

ABOUT VENEZUELA HAS BEEN A

YEAR SINCE JUAN GUAIDO

YEAR SINCE JUAN GUAIDÓ

DECLARES HIMSELF RECOGNIZED

PRESIDENT OF VENEZUELA

SECRETARY YOU JUST MET WITH

GUAIDO

GUAIDÓ IN DAVOS CAN YOU TELL

US ABOUT THAT MEETING.

>> YES, I HAD A VERY GOOD

ONE-ON-ONE MEETING WITH HIM, A

PRIVATE MEETING.

AND I WAS REALLY IMPRESSED YOU

KNOW TOOK A LOT OF COURAGE FOR

HIM TO SMUGGLE HIMSELF OUT OF

VENEZUELA.

GOING TO TAKE EVEN MORE

COURAGE FOR HIM TO GO BACK IN.

THEY ALREADY KIDNAPPED ONE OF

HIS DEPUTIES, SORT OF IN

RETRIBUTION FOR LEAVING THE

COUNTRY.

>> WOW.

>> THE RECOGNITION OF HIM IN

THE REST OF THE WORLD IS

GROWING.

MANY WE NOW HAVE TO INCULCATE

THAT IN VENEZUELA, IN THE U.S.

ONE HUNDRED PERCENT BEHIND

GUAIDO

GUAIDÓ.

>> LOOK AT THAT PART OF THE

WORLD IN TERMS OF

PARTICIPATION AND PARTNERSHIPS

THAT YOU COULD SEE WITH THE

UNITED STATES.

>> WELL, YOU HAVE HAD VERY

GOOD RECENT ELECTION RESULTS,

EL SALVADOR HAS A RELATIVELY

NEW PRESIDENT, VERY PRO-U.S.

GUATEMALA WAS LED THE

DELEGATION TO THAT

PRESIDENTIAL INAUGURATION, HE

IS VERY PRO-U.S..

PANAMA VERY PRO-U.S. BRAZIL.

THE ONLY ONE WE LOST SOME

GROUND IS ARGENTINA THAT IS

SAD BECAUSE ARGENTINA IS A BIG

COUNTRY AN IMPORTANT COUNTRY,

AND SHOULD BE DOING A LOT

BETTER THAN IT IS.

>> LET ME END ON UNITED

STATES, OF COURSE, WE'VE GOT A

VERY STRONG BACKDROP A LOT OF

CEOS CONTINUE TO SAY, THAT

THIS ECONOMY IS THE JEWEL OF

THE WORLD WHAT KIND OF GROWTH

ROUGHLY SPEAKING DO YOU EXPECT

FOR 2020.

>> ONCE ALL DEALS KICK IN

PROBABLY HEADS A HALF

PERCENTAGE POINT 50 BASIS

POINTS TO GDP ANYWAY.

SO THAT IS A GOOD STARTER.

PLUS WE WON'T HAVE THE GM

STRIKE AGAIN NEXT YEAR.

THAT COST US SOMETHING.

AND PERHAPS HOPEFUL WILL

BOEING WILL ROEFL 737 MAX

ANOTHER 20 OR 30 BASIS POINTS,

ON THE GDP.

SO THE LIKELIHOOD OF UP

SURPRISES IS MUCH GREATER THAN

OF DOWN.

MEANWHILE, THE CONSUMER IS

CONTINUING TO BE THE LEAD

CONSUMER SPENDING AS YOU KNOW

IS 70%, OF OUR ECONOMY.

WHAT ENCOURAGED ME MOST THE

LAST CONSUMER REPORT SAVINGS

RATE WAS UP TO 7.9%.

GOT AS LOW AS 2 1/2 WHEN

DEPTHS OF THE RECESSION, SO

THE CONSUMER IS NOT BURNED

OUT, HASN'T USED ALL THEIR DRY

POWDER, AND THAT IS REALLY AN

IMPORTANT THING TO KEEP US

STRONG.

>> STRONG BALANCE SHEET.

>> LOW RATES SHOULD TRYINGR

MORE HOUSING WE ARE UNDER

DEVELOPINGING HOUSING WE NEED

MORE HOUSES TO KEEP UP WITH

POPULATION GROWTH AND THAT IS

THE SECTOR THAT HAVE I THINK

IS MUCH MORE LIKELY TO

RECOVERY THAN TO SHRINK

BECAUSE IT IS VERY INTEREST