Page 2 - Trade Problem News Today

He sacrificed enough for his country. i think its hard to understand the facts, judge. so for me -- as people i recommended that he gets limited jail time. i hope its no jail time for him. i think that will send a very good message. judge jeanine: with this special counsel recommending no jail time and ready to go to sentencing the judge pulls back and says i want to see what your basis is for this below. it tells me the judge could have gone along with the no sentence. the judge is looking for ...

>> getting a vote on anything is hard in the senate. i am the cosponsor of that bill. i think the visits weve had with the president, senator corkers bill, my bill, all of the activity weve had in the senate to say tariffs are shooting ourselves in the foot. really shooting ourselves in both feet. we have a trade problem but the way you solved it is not to shoot yourself in the foot. you find some other way to deal with it. now that the president has said lets go to zero tariffs, which is the sa...

>> getting a vote on anything is hard in the senate. i am the cosponsor of that bill. i think the visits weve had with the president, senator corkers bill, my bill, all of the activity weve had in the senate to say tariffs are shooting ourselves in the foot. really shooting ourselves in both feet. we have a trade problem but the way you solved it is not to shoot yourself in the foot. you find some other way to deal with it. now that the president has said lets go to zero tariffs, which is the sa...

They said the tax cuts will pay for themselves, but the data out shows that is not happening at all. youre going to get all of these unintended consequences of them bouncing off one another. is it just the economy, stupid? are they doing what you say and compromising what they previously held very close as their dear principals because the economy is doing well, and the unemployment rate at the moment is down and it iscylinde. >> if i burned all of the furniture in my house i could keep it warm ...

>> neil: you think it was drama? >> yeah. for the korean thing. >> neil: in what way? >> were not going to take anybodys garbage and fight you. that said, words do matter. if you spit in the eye of the g-7, which are nominally in name, looking to blunt the growth of china, thats a real problem. right now the markets arent recognizing that trade is an issue. they have grown comfortable with trump. they like his fiscal policies. they like his deregulatory agenda. they dont think he will press the ...

Saying that the u.s. hasnt gained anything from these negotiations. how do you see it? >> for now i dont think they gained a thing. the chinese have said in concept that they will buy more american goods but have not said to what amount. they have not agreed to any target. the president seemed to take the pressure off of zte, the chinese telecommunications maker last weekend with a tweet that mystified many because the problem with zte is not simply a trade problem but national security problem ...

Time now for our hits and misses of the week. >> the champion over villanova wildcats.a he is going to graduate. this is part of a larger story we dont hear about schools where there really are student athletes.ly villanova has one 100% graduation rate for basketball team. my heart is with the lady irish. i have to say a big hip or father don for showing us you dont have to cheat to be a winner. >> this is a miss for the white house which this week floated a very bad idea. subsidies for farmers ...

The entire nation for shaughnessy to have to cheat to be a winner. >> cape. >> this is by the white house which flooded a very bad idea which is new subsidies for farmers who might be hurt by the trade war with china. we are creating a trade problem and that we need new subsidies to solve the problem that the trump administration created. maybe, we suggest instead, not have the trademark and we will not need these new subsidies. lets hope this one never sees the light of day. >> dan? >> this is ...

50% of our trade deficit but not the only part. mexico, which the president likes to go after, is 10%, the same size as germany at 10% and japan at 8%. so cloyhina is the biggest part the problem but we have a broader trade problem. >> again, though, when you say "problem," that problem results in, again, lower costs to american consumers. the theres a reason why we are importing goods from china and other countries. we can get them into our country and its cheaper for americans. its not cheaper...

Uncomfortable -- >> so you think hes negotiating? >> i think its a starting point. remember, when the tariffs first came out there was a big shock and now weve pulled it back. weve excluded canada, weve excluded mexico. were starting to pull things back but in the end we have a problem with china. >> steve, take us through your charts on the trade issue with china. what is the issue? >> i think we would all agree we have a trade problem with china. i think the lead in you read in terms of how th...