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Leland: welcome back on this saturday as president trump is headed to singapore for his big sit-down with kim jong un. president trump just before he got on the plane addressed reporters saying his meetings in canada had been productive. the president spoke on trade and layed out what he wanted to have accomplished also in north korea. we tackled a variety of issues and opportunities facing our nations. at the top of the list was the issue of trade. very important subject because the united stat...

Werent quite true. a little bit accurate, perhaps. they have a little test once in a while when it comes to trade the united states has had a very big trade deficit for many years with the european union. we are working it out and emanuel has been very helpful in that regard. >> meanwhile, a full day for the world leaders at the g-7 yesterday, including important working sessions. the importance obviously being global cooperation. earlier by the way ought that family photo, all smiles. i to show...

G7 summit. world leaders are rubbing things appear the president has been at odds with some european counterparts and what they are calling unfair trade policies. >> people cannot charges 270 present and we charge them nothing. we cant do that anymore. we want other nations to provide fair market access to american exports and we will take whatever steps are necessary to protect american industry and workers from unfair foreign training practices. >> meanwhile, demonstrations outside. leading ma...

Should be. lets say canada. and dairy is an example, 270%, nobody announced that. we dont want to pay anything. we have to ultimately that is what you want, a tariff free, no barriers and no subsidies because countries are subsidizing industries and that is not fair. you go tariff free, barrier free and subsidy free, that is the way you learn at the wharton school of finance, that would be the ultimate thing, whether that works, i did suggest, people are going to go back to the drawing board and...

The president tweeting this, justin trudeau of canada acted so meek and mild during our g7 meeting only to give a news conference after i left saying the u.s. tariffs were kind of insulting and he will not be pushed around. very dishonest and weak. our tariffs are in response to his 270 percent on dairy. this after justin trudeau said this. >> i highlighted directly to the president that canadians did not take it lightly.it is kind of insulting.and i highlighted that it was not helping in our re...

Subsidies. you have countries that are s subsi subsidy-free. thats what you learn at the wharton school of finance. whether or not that works i did suggest it. people were -- i guess theyre going back to the drawing board and check it out, right? but we cant have an example where were paying, the united states is paying 270%. just cant have it. and when they sent things into us, you dont have that. >> is this a realistic proposal, john? >> not at all, its not connected to reality. were talking a...

The united states is paying 270%, just cant have it. when they send things to us they cant have that. it was not contentious. what was strong was the language that this cannot go on but the relationships were very good, whether president macron, justin did a really good job. the relationships were outstanding. but because of the fact the united states, leaders of the past didnt do a good job on trade, i am not blaming countries, im bringing our people that represented our past, it is going to ch...

We had extremely productive discussions on the need to have fair and reciprocal meetings. people cant judge us 270% and we charge them nothing. that doesnt work anymore. i made a lot of statements having to do with clarity. we wanted expect other nations to provide fair market access to american exports and we will take whatever steps are necessary to protect american industry and workers from unfair foreign trading practices of which there are many but we are getting them stripped down slowly b...

Actually, its 270%, and a loophole that was helping american dairy farmers is being closed in canada. so thats a real issue. but thats the kind of thing you sit down and you talk out. you dont tweet about it and make a big deal out of it and use it as an excuse one of your excuses to leave the g-7 early and go off to what one of my friends called a hot date with kim jong-un. >> and what does mr. trump gain from being vladimir putins number one cheerleader? >> well, that is the big question, isnt...

>> no tariffs, no barriers, thats the way it should be and no subsidies. i even said no tariffs. in other words, lets say canada where we have tremendous tariffs. the united states pays tremendous tariffs on dairy. as an example, 270%. nobody knows that. we dont want to pay anything. why should we pay? we have to -- ultimately, thats what you want. you want a tariff-free, no barriers and you want no subsidies. because you have some cases where countries are subsidizing industries and thats not f...