Page 2 - Blanket Tariffs News Today

It is if this trade debate escalates. i donts think were in a trade war yet. >> neil: very few traders saw the huge gains we had last year let alone the follow that up we have this year. is there a worry that trade is that wild card development? what do you think? >> i think so, neil. weve seen the market can adjust and can absorb what we know is coming as of july 6 between the u.s. and china. $34 billion in tariffs. weve seen july 1 this plan for canadian tariffs between is u.s. and canada wort...

Presidents refused to take him on, i think president trumps doing exactly the right thing and i think its going to generate very positive results which will grow our american economy, it will grow chinas economy, it will help grow the worlds economy. >> youre right, president trump is doing something where previous presidents havent. the question is whether this threat of hundreds of billions of dollars of tariffs. just before you took this job you said that tariffs were prosperity killers, you ...

I think president trump is doing exactly the right thing. i think it is going to generate very positive results which will grow our american economy. it will help grow chinas economy. it will help grow the world economy. >> im not taking issue with the idea that china is the root of the problem here. president trump is doing something where previous presidents havent. the question is whether the threat is the right approach. just in the last couple of months you said the tariffs were prosperity ...

For china. >> i oppose blanket tariffs. ive always been a hard liner on china. while i dont like tariffs, sometimes theres no substitution for putting tariffs into the discussion, into the process. that is part of the quiver of arrows the president has. look, hes a great negotiator. he has a whole history of that. in this process, tariffs have to be part of t it. theres no two ways about it. hopefully there will be discussions and hopefully in the next two months the chinese will come seriously ...

Brings down its barriers, opens up its markets and stop this technology steal that theyre doing from the usa. >> chris: nobody is saying china isnt to blame. the question is the presidents he response. heres what you said last month when president trump announced his first round of tariffs. this wasnt an announcement, this was real imposition of tariffs on aluminum and steel. here you are. >> tariff hikes are prosperity killers. they always have been and they always will be. tariffs are taxes. t...

Really tax hikes. wouldnt tariffs if president trump actually pulled the trigger be a huge mistake? >> no. by the way, we didnt like the blanket tariffs. we didnt like the blanket tariffs which would hurt our allies as much as or more as our enemies. >> you would support it if the president pulled the trigger on the hundreds of billions of dollars against china? >> yes, i would. >> you would? >> i absolutely would. no free guy disagrees on this subject. the guild, the brethren of the economics p...

Fix that stuff, both sides will benefit for growth. the rest of the world will benefit -- >> neil: i hope you are to avoid that kind of thing. but this doesnt sounds like the same hands off larry kudlow that i respected and admired all these decades. not long ago, you said early march, were hanging by a toe natural on nafta. if we have to walk out of nafta, this steel thing turned from a a minor irrant to a major calamity for our economy and our stock market. make no doubt about that. i mentione...

Specifically on blanket tariffs. theres ideas that certain countries like china might be subject of tariffs. but laying an across the board tariff is bad for a lot of reason. there are way, wa more people who work in industries that buy aluminum and steel in america than there are who work in industries that produce aluminum and steel. so when you talk about effects on jobs, i think theres fairly broad agreement even among a lot of democrats who would say, listen, what the president is doing her...

Standing in the trump versus kelly paradigm exposed for all to see this week. chief of staff kelly downgraded kushners access to intelligence. why does that matter? if kushner cant get trump to sign a piece of paper to keep his intel access, how certain is he that he can get trump to help him keep his job. the intrigue does not mean that trump has been sitting idle. in fact, he pledged new blanket tariffs on imports. >> were going to be instituting tariffs next week. well be signing. itll be 25%...

The intrigue does not mean that trump has been sitting idle. in fact he pledged new blanket tariffs on imports. >> were going to be instituting tariffs next week. well be signing. it will be 25% for steel. it will be 10% for aluminum. and it will be for a long period of time. >> a long period of time. thats surprise announcement rattling the stock market, angering some allies. backdrop for this economic action was trumps other headaches and the report he is unglued came after hope hicks testimon...