Page 17 - Trade Issues News Today

But frankly, a reaffirmation of what a great country we live in and to stand for the national anthem is something that the president has been very clear on. >> sarah? >> on thursday, what will be on his agenda, trade issues and the other day japan and china and south korea can provide economic assistance to north korea and does the president plan to revisit this issue. >> we certainly anticipate the summit with north korea that will be next week to come up as well trade issues and other matters ...

>> its bad for consumers, because we pay more. its bad for our workers because theres a lot more workers in industries like auto industry that use steel than there are in the industries that produce steel. and then theres all the industries that are going to face new tariffs from europe, from canada, from mexico, that will be hurt as well. >> so again, to keep it straight up, it seems like there isnt a real factual basis to say this is a good thing. that the only remaining argument would be this...

Countries reply and they put tariffs on american exports and that hurts those industries too. so its bad for consumers, bad for workers. >> when you say disadvantaged, you mean we pay more here? >> its bad for consumers, because we pay more. its bad for our workers because theres a lot more workers in industries like auto industry that use steel than there are in the industries that produce steel. and then theres all the industries that are going to face new tariffs from europe, from canada, fro...

The industries that produce steel. and then theres all the industries that are going to face new tariffs from europe, from canada, from mexico, that will be hurt as well. >> so again, to keep it straight up, it seems like there isnt a real factual basis to say this is a good thing. that the only remaining argument would be this is a bad thing that could lead to a good thing. the negotiation argument that this will somehow get something out of the other side. whats wrong with that? >> so the ques...

He said this is the presidents call. they were not getting what they wanted in nafta and in the trade negotiations. they walked away. that sounds like art of the deal to me. >> if it works. if it works, we will look back and say that was a good move. that was the art of the deal f. it doesnt work, we -- deal. if it doesnt work, we have economic disaster on our hands. it is a high-risk maneuver. this is an issue for key allies to other diplomatic initiatives. there are many risks. >> europeans an...

-- youve led eight trade missions. what are your thoughts on the moves yesterday? >> its unfortunate. president seems determined to engage in a zero-sum game on trade. its hard to really figure out, after now, a year and a half, the underlying principle that the new administration seems to apply to trade issues, but if theres one common thread, i think it must be that if other countries, including our friends and allies, are pen fitting, its coming at the cost of america. which is contrary to wh...

Leadership on the trump administration talking about trade issues. steve mnuchin the treasury secretary was on fox news. lets listen to what they had to say. >> is there still the possibility of a trade war? >> well, chris, were putting the trade war on hold. so right now we are -- we have agreed to put the tariffs on hold while we try to execute the framework. >> the trade war on hold, the headline from mnuchins remarks. what do you make of this relationship as it stands now between the united ...

One brought it up to the president in the lunch yesterday. why? >> what the president was doing was providing a very broad overview of the topics that are important to all of us and we have those conversations with the president privately and one-on-one. i know that whenever i do call about those types of issues and believe me, i have talked to the president about china and about tariffs. he was always very, very responsive and i feel that i get a better discussion when im talking to him one-on-...

Have very good working conditions. so again that is another bond that ties our two countries together. we will continue to discuss those trade issues. we will have the nato meeting in the summer. we will meet again there. and let me say in conclusion, that apart from the political relations that are very close, and while we sometimes may look at issues differently, but generally on the basis of friendship, on partnership, we are linked by ties. in the world of sicience. in the world of culture. ...

He tends to shoot first and aim second. if you look at the trade issues where were going to put tariffs on aluminum and steel -- >> and you just got back from china. ky only imagine what theyre saying. >> its not that hes wrong to confront china. but when you impose sanctions without thinking about the consequences, its like putting a warning shot to your head and firing, that you are going after china, but you hit korea, south korea, canada, europe, the mexicans. but not china. so hes instincti...