Page 3 - Car Tariffs News Today

Whiton a former state department senior advisor in the trump administrations. he joins us now. smart power. this is a headline if true. >> if true. right. this is the problem with agreement the chinese have said they agreed conceptionly as they did in the trump presidency to lower tariffs to talk about trade to get through some of these things. i didnt see anything in that agreement to lower car tariffs but maybe that will happen in this 0 day period. steve: you dont trust the chinese at the tab...

That could scare or jolt these markets. paul: briefly, james, yeah, i think if he gets a nafta deal with mexico, puts off those car tariffs, starts serious negotiations with europe and continues negotiating with china, i think thatll go a long way against uncertainty. >> huge risk. the trade fighting is the one big cloud over the economy. everything else looking very good whether its business spending or consumers feeling optimistic and having more income. so it should be big. paul: all right. s...

He is accused of helping plan that coup against erdogan. earlier this month the trump administration imposed sanctions on two top turkish officials in an attempt to try to get brunson back to the u.s. he remains held in turkey. christine romans, it is so bad to have this spat between us and a key ally in the region. >> that i tnato that sits on th of syria. turkey doubling these tariffs on u.s. imports. its companies are heavily indebted. its foreign denominated debt. when its lira plunges, that...

Our soybeans. the farmers are feeling much better about that and trump is on his way to iowa later on today. but even more important, the europeans are going to take our energy, they are going to take liquified natural gas. take that russia, because russians wanted to supply europe with energy and at the moment when that deal, liquified natural gas, exports to europe, when that was announced, that was the moment when we put off trump summit with putin 2 until next year. a slap at russia. a real ...

Now, on the european side, my question is, do the europeans get it yet? because they didnt believe that trump would pull out of the paris climate change agreement. they didnt believe he was going to pull out of the iran deal. they didnt believe he was going to put tariffs on. so if i were sitting in brussels, i would be coming to washington with something to offer trump, whether its a loosening of i dont know, agricultural tariffs. paul: no, that is not going to work. car tariffs its got to be. ...

Now, on the european side, my question is, do the europeans get it yet? because they didnt believe that trump would pull out of the paris climate change agreement. they didnt believe he was going to pull out of the iran deal. they didnt believe he was going to put tariffs on. so if i were sitting in brussels, i would be coming to washington with something to offer trump, whether its a loosening of i dont know, agricultural tariffs. paul: no, that is not going to work. car tariffs its got to be. ...

Claire sebastien has more. >> reporter: there was a tit for tat playing out in real time and in public. first eu tariffs on $3.2 billion worth of u.s. goods came into force friday. that was widely expected and telegraphed. peanut butter, bourbon, denim, products designed to hit the u.s. where it hurts. the eu was retaliating for the trump administrations tariffs on steel and aluminum. the trump administration doesnt see it that way. within hours president trump had tweeted this, based on the tar...

The trump administration, though, doesnt see is that way. within hours, president trump had tweeted this -- based on the tariffs and barriers on the u.s. and contracts with the european union, if these tariffs and barriers are not soon broken down and removed, we will be placing a 20% tariff on all of their cars coming into the u.s. build them here. its not the first time the trump administration has dangled the prospect of car tariffs. back in may they opened an investigation into weather pregn...

Its just not fair. i think the president is exactly right, and im pleased that hes focused on it. just take the car situation. the car tariffs, the facts are, blake, that the eu puts 10% tariffs on us. and we have a 2 1/2% tariff on them when it comes to autos. of course they want to continue this process. they want the status quo, but the president has been committed. in the campaign, committed to defend americans interests and the auto industry is one of those. what were trying to do is create...

Principles. president met with the prime minister just however after the eu threatened tariffs on $300 billion of exports. and that would be if trump poses tariffs on auto imports something the white house is considering. the president wants to work out a deal with the eu. >> if we do work it out, that will be positive. if we dont, it will be positive, also. >> no. >> were just thinking about the cars in here. >> not positive. its not just the eu worried about car tariffs. so are u.s. automakers...