U.S. President Barack Obama says the U.S. will continue to press China on its currency and other trade issue ahead of bilateral talks next week, but urges caution when considering further sanctions against Russia over Ukraine. Rough Cut. (No Reporter Narration)
ROUGH CUT (NO REPORTER NARRATION) EDITOR'S NOTE: VIDEO IS INTERNET QUALITY U.S. President Barack Obama said the United States will continue to press China on its currency, protection of intellectual property and state-owned businesses ahead of bilateral trade talks next week. "The key with China is to continue to simply press them on those areas where trade is imbalanced, whether it's on their currency practices, whether it's on IP (intellectual property) protection, whether it's on their state-owned enterprises," he said at a meeting of the President's Export Council. At the same meeting on Thursday Obama expressed caution about the possibility of the United States adding more sanctions against Russia for its incursion into Ukraine because it could cause divide Washington and Europe. With some lawmakers on Capitol Hill considering more sanctions, Obama told the President's Export Council that the current path he is taking, in which the United States operates largely in lockstep with Europe, eventually will force Russian President Vladimir Putin to reconsider the wisdom of going into eastern Ukraine. What ultimately will lead Putin to make a strategic decision, he said, is if Putin recognizes that Europe and the United States are standing together over the long haul.