Tariffs Go News Today

Alison kosik is live in paramus. >> reporter: i am pretty lucky. ive already been browsing. i am the only one in the store. there are a handful of people outside waiting to get in here. an hour to go before the doors open. its safe to say the days of elbowing each other out of the way to get tvs, these door besters, i think those days are gone. but the reality is black friday is a thing. its part of a five-day shopping event. it starts on thanksgiving day and ends on cybermonday. during that lon...

Millions. mexico will have to stop it, otherwise we just wont be able to do business. its a very simple thing. and i think they will stop it. i think they want to do something. i think they want to make a deal, and they sent their top people to try and do that. well see what happens today. we should know something. >> also tonight after senior officials from the white house and the mexican government both met for about an hour and a half, ending with no agreement, the president wrote, talks with...

The understanding that if no agreement is reached, tariffs at the 5% level will begin on monday with monthly increases as per schedule. the higher the tariffs go, the higher the number of companies that will move back to the usa. republican senators opposed to the tariffs warned the white house they are prepared to block trumps move. tonight nbc news asked mitch mcconnell, who asked to please delay the tariffs until lawmakers can please meet with trump. meanwhile, in the house, the talk of impea...

Its not clear, as i said, what tools it has at its disposal. it will bring a lot of harm to the u.s. economy which is basically the only thing trump has going for him now. his approval ratings have been under water consistently. there are threats of impeachment and lots of subpoenas of his financial records. the u.s. economy is the only thing keeping him afloat yet he seems intent on destroying it. the u.s. economy is about to set a record. hes trying to break the economy. >> senators say they h...

Failure with regard to chinese -- >> neil: what worries me, the possibility of unintended consequences here. you touched on it. our markets have held up. theyre doing very well. the chinese market, well into bear market territory. back to early 2016 lows. hence the presidents argument that they need us more than we need them, but they dont appear to be budging. where is this going? >> i hope -- >> neil: john first. >> i hope this is a negotiation and these things go away. this administration has...

China. president trump won eight out of those ten states where theyre produced. so the chinese are being very strategic, of course, about what theyre hitting. >> shepard: theyre good that way. >> they are. but lets remember as far as tariffs go, we pay them. consumers pay them. >> shepard: and some companies are getting hit hard. starbucks and nike. >> they are. starbucks and nike. we dont think of them as consumer driven. they get 10, 15% from china. chinese people love american basketball. the...