renegotiated nafta by changing the name of the deal. that's really all they did. >> that's some shade being thrown. joining me, my dear friend and cnbc contributor ron insana. let's talk about what mike bloomberg had to say about the president and trade and sort of his overwhelming message was global trade made the world more peaceful. as we work together aligning our interest. and he said, guys, the way you manage these ups and downs is to create a floor, not walls, not ceilings. that's the opposite of what trump is doing, yet the business community is saying rock on with your bad self, trump. >> some in the business community. not everybody. certainly with those where they may be benefiting from higher prices. consumers are not benefiting from it. but i think mike bloomberg is spot on. we've talked about this in the past. tariffs are not the best way to alter behavior.