WEBVTT 00:00:00.009 --> 00:00:03.758 line:85% position:50% size:80% IS THERE A SENSE THAT CHINA FEELS AS IF THEY ARE IN THE DRIVER'S SEAT 00:00:04.400 --> 00:00:04.750 line:85% position:50% size:80% RIGHT NOW, 00:00:04.960 --> 00:00:07.129 line:85% position:50% size:80% ESPECIALLY AFTER THAT SUMMIT AND 00:00:07.400 --> 00:00:10.640 line:85% position:50% size:80% SEEMINGLY LIKE AS IF THE UNITED STATES FEELS AS IF 00:00:11.380 --> 00:00:13.460 line:85% position:50% size:80% THEY NEED CHINA TO A CERTAIN EXTENT. 00:00:13.750 --> 00:00:14.148 line:85% position:50% size:80% WHAT THE 00:00:14.349 --> 00:00:19.370 line:85% position:50% size:80% THE SHIFT SEEMS TO BE NOW IS THAT BEIJING HAD 00:00:19.620 --> 00:00:21.780 line:85% position:50% size:80% THE FIRST TRUMP ADMINISTRATION 00:00:21.969 --> 00:00:25.579 line:85% position:50% size:80% TO UNDERSTAND A LITTLE BIT BETTER OF HOW 00:00:25.949 --> 00:00:27.539 line:85% position:50% size:80% PRESIDENT TRUMP OPERATES 00:00:27.750 --> 00:00:28.818 line:85% position:50% size:80% IN THE WHITE HOUSE, 00:00:29.510 --> 00:00:31.388 line:85% position:50% size:80% SO THEY WERE VERY PREPARED. 00:00:32.250 --> 00:00:32.880 line:85% position:50% size:80% FOR 00:00:33.090 --> 00:00:35.118 line:85% position:50% size:80% THE 2ND ADMINISTRATION 00:00:35.408 --> 00:00:36.719 line:85% position:50% size:80% PREPARED FOR THE TRADE WAR, 00:00:36.969 --> 00:00:39.439 line:85% position:50% size:80% PREPARED FOR ANSWERING TARIFFS, 00:00:39.450 --> 00:00:40.439 line:85% position:50% size:80% PREPARED FOR 00:00:40.848 --> 00:00:42.359 line:85% position:50% size:80% A LOT OF THE DIFFICULTIES 00:00:42.649 --> 00:00:45.889 line:85% position:50% size:80% THAT THEY APPEAR TO BE FACING WITH TECHNOLOGY, 00:00:45.969 --> 00:00:46.770 line:85% position:50% size:80% EXPORT CONTROLS, 00:00:46.929 --> 00:00:47.219 line:85% position:50% size:80% TRADE, 00:00:47.289 --> 00:00:50.240 line:85% position:50% size:80% THAT SORT OF THING WITH ALL OF THE TALK AROUND THE TIKTOK DEAL, 00:00:50.289 --> 00:00:51.200 line:85% position:50% size:80% FOR EXAMPLE. 00:00:51.740 --> 00:00:52.228 line:85% position:50% size:80% YOU KNOW, 00:00:52.270 --> 00:00:54.310 line:85% position:50% size:80% FOR THE LAST 5 YEARS, 00:00:54.520 --> 00:00:56.490 line:85% position:50% size:80% BEIJING HAS BEEN TALKING ABOUT HOW 00:00:56.759 --> 00:00:58.709 line:85% position:50% size:80% THEY WERE FIERCELY OPPOSED 00:00:59.069 --> 00:01:01.109 line:85% position:50% size:80% TO ANY FOR SALE 00:01:01.399 --> 00:01:05.079 line:85% position:50% size:80% OF TIKTOK THAT THE US WAS NOT GOING TO TELL A CHINESE COMPANY WHAT TO DO. 00:01:05.198 --> 00:01:05.469 line:85% position:50% size:80% NOW, 00:01:05.480 --> 00:01:06.870 line:85% position:50% size:80% A FEW YEARS INTO IT, 00:01:07.278 --> 00:01:10.349 line:85% position:50% size:80% WHY ARE THEY DECIDING TO AGREE TO A DEAL NOW, 00:01:10.400 --> 00:01:13.230 line:85% position:50% size:80% EVEN IN THE READ USING THE WORD HAPPY 00:01:13.799 --> 00:01:14.549 line:85% position:50% size:80% TO MAKE A DEAL. 00:01:14.558 --> 00:01:16.150 line:85% position:50% size:80% THERE SEEMS TO BE THIS 00:01:16.760 --> 00:01:18.150 line:85% position:50% size:80% IDEA THAT SOMEHOW. 00:01:19.028 --> 00:01:22.329 line:85% position:50% size:80% BEIJING IN ITS STRATEGY HAS SEEN THAT 00:01:22.549 --> 00:01:23.709 line:85% position:50% size:80% 5 YEARS INTO IT. 00:01:24.510 --> 00:01:28.278 line:85% position:50% size:80% THE ORB IS A LITTLE LESS SHINY FOR BEIJING IN THAT 00:01:28.588 --> 00:01:30.819 line:85% position:50% size:80% TIKTOK IS 5 YEARS OLDER. 00:01:31.379 --> 00:01:33.058 line:85% position:50% size:80% TECHNOLOGY HAS ADVANCED. 00:01:33.349 --> 00:01:36.388 line:85% position:50% size:80% DO YOU MEAN OWNING TIKTOK OUTRIGHT IS A LITTLE LESS SHINY, 00:01:36.469 --> 00:01:39.189 line:85% position:50% size:80% IS A LITTLE LESS ATTRACTIVE THAN OUTRIGHT, 00:01:39.308 --> 00:01:40.308 line:85% position:50% size:80% IT'S, 00:01:40.349 --> 00:01:46.400 line:85% position:50% size:80% IT SEEMS FROM CHINA'S PERSPECTIVE TO BE A LITTLE LESS VALUABLE AS A BARGAINING CHIP 00:01:46.790 --> 00:01:49.359 line:85% position:50% size:80% AND THEREFORE AN EASIER CONCESSION TO MAKE.