Auto Import Tariffs News Today

Unilaterally, but to have an actual new treaty, the congress would have to approve it. its hard to imagine that would happen with a bilateral agreement not with canada as well. >> could i mention one other -- >> please. >> just one quick thing. it is true, the devil really is in the details, and the auto import tariffs is a big issue that i think is still unresolved. another issue is whether there will be a -- this will be like a five-year deal that could be -- could end after a certain length o...

We opened our markets for 25 years. now theyre stealing, theyre massively building up their military. were dealing with the new soviet union here. they are not friendly to the united states. what i would do by the way is use the money that were going to raids from the tariffs to help out those farmers. we cannot back down here. if we back down it will be worse for the u.s. in the long run. >> one of the countries had a midterm coming up, one doesnt, i think that tells you who has the power here....

Economy, and were seeing a little bit now, those so i bean farmers in iowa and places that voted for trump, maybe he will start to reconsider what he is doing. now -- >> were all in agreement on getting tough with china, but the tariff talk was really a negotiating strategy. it was a brush back pitch. here we are day one. now that it is no longer a negotiatiing strategy, but now t is on. have you changed your opinion about free trade and tariffs, or is it about providing political viability and ...

He might impose, will that push china toward the desired action? >> i dont believe so. again china does not have an election coming up. they dont have a democracy over there. they can sustain more pain than we can for that reason, and they designed their tariffs in a way to have much less pain from the tariffs on them than for us. i think as many trade experts who are much smarter than i believe that the way to get china to back down is to get with the countries who are also being mistreated by ...

Firing up. >> you say how many will it hurt the american economy. >> yes, the tariffs that were is posing that affect our own manufacturing, downstream firms, an order of more companies that depend on steel and semi cond t conductoconduc conducto conductors, they will be hurt from this. the question is how big is the magnitude of that pain. it will be a drag on the economy. dont think were approaching recession territory yet, but if things escalate. >> steve, youre on the record for never being ...

Were launching a trade war. they have not opened up their markets to u.s. goods. i talk to veos, this is something that trump ran on and im in full agreement with him on. >> you are? thats in. tariffs are taxes. >> im not in favor of the auto import tariffs or the steel tariffs, but im very much with the american people of getting really, really tough with china. the only question is why is this just happening now. it should have happened ten years ago. where was bush, where was obama when china...

Fines as a result. everybody is keeping an eye on zuckerberg. the stakes are high. its more than just politics. >> i want to go to wall street, what the dow is doing. up 380 points after it took the big dive yesterday because of the raid on michael cohens office. and overnight then, chinese president xi jinping spoke at an international summit, easing some fears apparently of a trade war when he announced china would, quote, considerably reduce auto import tariffs and, at the same time, reduce i...

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