a year out of the united states. once again, that s not factual. first of all is the number is exaggerated. it s not 500 billion. last year the trade deficit with china was around $380 billion. and we use for many years $500 billi $500 billion a year with china. it s not a money-losing thing. it just means that we buy more products from china than the chinese buy from the united states. that s a good example of where it s hard to say it s a lie because i think he really believes we are losing that money. if the president says they re holding billions of dollars in our debt, that sounds really bad. and he has paved the way for this regime of lying by discrediting economic indicators in the past. discrediting economic indicators by exaggerating. republicans passed the
this morning that they were imposing a new round of tariffs on $75 billion worth of american goods. the news was met with outrage at the white house where the president took to twitter and attempted to order all american companies to cut their ties with china, all american companies, no more trade with china. of course that s ridiculous. trump tweeted, we don t need china and frankly we would be better off without them. our great american companies are hereby ordered to immediately start looking for alternative to china including bringing your companies home and making your products in the usa. that s the president this morning, trumpeting powers he doesn t possess. ho however the washington post points out the president doesn t have the power to enforce such directives as that. the united states has a $380 billion trade deficit with china in 2018. that deficit appears to be increasing this year. look at those numbers. trump s tweeting ignited a rapid sell-off on wall street, the
billion worth of american goods. the news was met with outrage at the white house where the president took to twitter and attempted to order all american companies to cut their ties with china. all american companies. no more trade with china. of course, that s ridiculous. trump tweeted we don t need china and frankly we would be better off without them. our great american companies are hereby ordered to immediately start looking for an alternative to china, including bringing your companies home and making your products in the usa. that s the president this morning trumpeting powers he doesn t possess. however, the washington post points out the white house does not have the authority to force companies to follow such directives as that. according to the census bureau, the united states has $380 billion trade deficit with china in 2018. a deficit that appears to be increasing this year. look at those numbers. trump s tweeting ignited a rapid selloff off wall street. the dow that had
weekend in france. responding to a retaliatory move by china earlier today, the president tonight declared he s hiking tariffs on beijing, raising existing rates as well as those set to kick in next month. it comes after china announced this morning they re imposing a new round of tariffs on $75 billion worth of american goods. the news was met with outrage at the white house where the president took to twitter and attempted to order all american companies to cut their ties with china. all american companies. no more trade with china. of course, that s ridiculous. trump tweeted we don t need china and frankly we would be better off without them. our great american companies are hereby orders to immediately start looking for an alternative to china including bringing your companies home and making your products in the usa. that s the president this morning trumpeting powers he doesn t posz. however, the washington post points out the white house does not have the authority to force co
will take a hit and i will promise you if you put tariffs on $380 billion here on products from mexico that will hurt corporate earnings, it will hurt the consumer, it will hurt the economy, it will hurt markets and it will be a vicious cycle. i think mister navarro bitterly listening up and google who pays for tariffs and what the repercussions for tariffs. that did not go over well. a question on the markets. the dow was down a couple hundred. this is not the bottom falls out of the dow like we have seen with fears of chinese trade wars. do you think the market is warning this is a bluff by donald trump? i don t think this ends up happening. i think the president knows if you put 25% on all these products all heck can break loose so i don t take it will