Page 2 - Auto Tariffs News Today

If you look at some of the states that this impacts, texas impacted and michigan impacted quite heavily, so these are important political states, you know, for the presidents re-election campaign, so i think until that argument is made to him, i think hes making his base play like he usually does to try and drive up his base, so in that sense he wants to be hard on mexico regardless of if the deal is actually a good one or not. >> go ahead. its also no surprise that the president loves tariffs. ...

Want to take from us, and they are not taking it anymore. its a lot different. >> the the dow is up 68 point. thats a modest gain. senate republicans trying to get the president to back down or at least slowdown. they want to hear from him directly about the tariff plan but the president not due back from europe until friday and the senate scheduled to be out of session though im sure they could arrange a meeting. if you listen to the president, number one, he said senators dont know anything. t...

This is going to be such a fascinating test to see if the insurrection that is going on right now on capitol hill among the presidents fellow republicans that weve not seen on a policy issue is going to actually see fruition and they are going to act on this if in fact the president goes through with this 5% tariff. >> i dont know if credit is the right word. you mentioned senator cornyn is on the ballot and so is president trump. youre right, tariffs, trade and the issue on which hes been most ...

Matched against biden, bernie sanders or mayor pete buttigieg. now, again, its very early, but youre an incumbent president with unemployment below 4% in two states you won in 2016 and youre having trouble in michigan getting above 41%, 42%, 43% and in texas getting closer to 50. what does that tell you? >> part of that is the soft numbers on independents in some of those polls where people took a risk on trump, and they support obama and then they went to donald trump, and those people are havi...

Are going out the door that are going to be more expensive to consumers abroad. and that makes us less competitive. to me, i think that, again, we know we have an issue with europe. the president tried to push off auto tariffs between europe and japan a couple weeks ago. this thing could mushroom a little bit and we could find ourselves in a multi-front trade war which would weigh on u.s. corporate profits which we get maybe 50% of our profits from outside the u.s. and, really, we have a fragile...

Trump and the russians were sending negative messages about hillary to black voters. is that something were going to see over the next year or so, a constant hammering away on issues like the crime bill? >> stepping back and talking to republican consultants across the country and democratic consultants they say there is a pattern here with these attacks on vice president biden and what the president is doing over in japan. where is bidens key political appeal? in the industrial midwest. where i...

Trump. you were discussing with ivan he down played the threats just yesterday he said it wasnt a big deal that north korea tested the short range missiles. so that was the question. it is true though that so far he has been able to stave off the auto tariffs. in fact, president trump said they wouldnt be working on any bipartisan trade deal in july in japan. so perhaps it has been paying off but not on the larger scale. >> were seeing japan roll out the red carpet. were seeing this close person...

So what other countries agree to is not binding to the united states. as far as china is concerned, they want to make a deal. i think they probably wish they made the deal that they had on the table before they tried to renegotiate it. they would like to make a deal. were not ready to make a deal and were taking in tens of billions in tariffs. and that number could go up substantially very easily. but i think sometime in the future, china and the united states will absolutely have a great trade ...

Successfully staved off those auto tariffs. the administration did put a six-month deadline on that to work out a potential deal. so it is true that this tweet from the president kind of set the tone moving forward, and it will be interesting to see, ana, what this first face-to-face meeting will be like between president trump and abe right there on the golf course. >> pamela brown in tokyo, thank you. i want to bring in washington correspondent for "new york magazine" and cnns senior little an...

Appeared much less clear cut that there would be a deal imminently. if there were to be a breakthrough with the chinese that could potentially have negative consequences for japan, and on tariffs, as you know, those are president trumps favors means of economic pressure. president trump is still tariff man, and hes just agreed to put off the prospect of auto tariffs which would really hurt japanese and european allies. he hasnt agreed to forego those entirely. he has set essentially a new six-mo...