US Should 'Deeply Value' Friendship of It's Allies, Says Former NATO Ambassador

Watch on YouTube ↗  |  September 11, 2026 at 20:09  |  12:20  |  Bloomberg Markets
Speakers
Nicholas Burns — Harvard University professor and former U.S. Ambassador to China

Summary

Nicholas Burns, former US Ambassador to NATO and to China, joined Bloomberg Radio on the 25th anniversary of 9/11 to recall NATO's Article 5 invocation and warn that US strains with allies risk that solidarity. He previewed the September 24-25 Xi Jinping visit to Washington, urging a supply-chain and tariff truce with China, cooperation to limit AI's role in weapons of mass destruction, and moving ahead with a Taiwan arms sale. Burns also described the US-Iran standoff as a prolonged stalemate, said Iran must not control the Strait of Hormuz, and called the State Department understaffed and sidelined.

  • Burns recalls NATO allies invoking Article 5 after 9/11 and says the US should deeply value its allies.
  • He warns that US strains with Canada and Europe threaten allied trust and democratic unity against Russia and China.
  • He previews the September 24-25 Xi-Trump summit, with a supply-chain and tariff truce with China as the top economic goal.
  • He says investors should watch whether tariffs and rare-earth and critical-mineral supplies are kept stable after the summit.
  • He backs a multibillion-dollar Taiwan arms sale and dismisses reports of Taiwanese capitulation as opposition noise.
  • He sees a prolonged US-Iran stalemate and says Iran must not become a toll keeper in the Strait of Hormuz.
  • He calls for US, China, Japan and NATO cooperation to keep AI out of controlling weapons of mass destruction.
  • He says the State Department is in dire straits and encourages young Americans to become diplomats.
Ideas
Nicholas Burns Harvard University professor and former U.S. Ambassador to China 7:06
Rare earths, tariff truce hinge on summit
Burns says the priority for the September 24-25 Xi Jinping visit to Washington should be economics: a supply-chain truce and a tariff truce with China, which eluded the two sides at the May Beijing trip. He argues it would be valuable for American investors to know that neither side will change the tariff schedule and neither side will withhold rare earths and other critical minerals and supplies from the global market, making the summit a key catalyst to monitor for rare-earth and critical-minerals supply risk.
Up Next

This Bloomberg Markets video, published September 11, 2026, features Nicholas Burns discussing REMX. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Nicholas Burns  · Tickers: REMX