Effect, raising them from 10 to 25 . China threatened back then that they would probably take retaliatory action and they have now, announcing that tariffs will go up somewhere between 20 to 25 on some 60 billion in u. S. Goods. A lot of it will be agricultural items, but if you go through the list there are hundreds of things. From rubber erasers too it looks like tinfoil. The president , confident that he can beat china in a trade war, tweeting this morning, i say openly to president xi and all of my friends in china that china will be hurt very badly if we dont make a deal. Because companies will be forced to leave china for other countries. Too expensive to buy in china. I had a great deal, almost completed, and you backed out. The president has also insisted it will china that will pay the cost of the tariffs, that the u. S. Will benefit from the imposition of tariffs. Speaking to Chris Wallace on sunday, fox news sunday, the chief Economic Advisor larry kudlow said the u. S. Consumers will pay the cost. Listen here. Its u. S. Businesses and u. S. Consumers who pay, correct . Yes, to some extent. I dont disagree with that. Again, both sides will suffer on this. We have had unfair trading practices all these years, so in my judgment the economic consequences are so small, but the possible improvement in trade and exports and open markets for the United States, this is worthwhile doing. President trump is that in the past that they will be some shortterm pain because of the imposition of tariffs, but he says for the long term gains from cutting a new trade deal with china that is, if china capitulates will much outweigh the shortterm pain. There is a possibility, harris we heard from larry kudlow yesterday the president and president xi jinping of china may meet on the sidelines of the g20 in osaka, japan at the end of june. I imagine that meeting, even though the two of them have quite a good relationship, might be a little tense. Harris yes, im thinking back to the letter just a week ago from the chinese president , the beautiful letter, where we were and how quickly things can change. Im optimistic they can change again. Dont forget that by the time of that meeting there may be tariffs at an additional 325 billion of chinese goods, at some 25 . The president has got that hammer in his back pocket and says hes ready to do it. Harris john roberts, thank you. I want to bring in fox Business CorrespondentAshley Webster, somebody personally call on when things are going up or down, actually. I want to talk with you about a couple of points. One is the comeback. Theres always a comeback. How long do have to go before the come back . Weve seen in this trade dispute is very much headlineddriven pair the markets have felt for a long time this was a deal that was going to get done. Then we have the tariffs imposed by the United States on friday, or thursday night, i should say. Because china essentially reneged. Wanted to water down what they had agreed to in the first place. Now we have the retaliation, harris. That is why we are seeing the selloff. Because of the escalation. If we get one headline out of the white house today, or even china for that matter, saying, listen, we are still very confident and we would like to put these issues aside and announce, perhaps, that we will meet in the next couple of weeks, that will bring the market back. Harris a couple things how long does it take for the tariffs to kick in . The other thing is, what about that beautiful letter . You are right, the white house could you could change in a heartbeat. But talk to me about the tariffs and how long it takes. Its all part of the grand dance. All part of the maneuvering you are dealing with a country very entrenched in its way of thinking. In china, theyve gotten away with a lot of these trade abuses for so long, they are not dealing with a leader who has held their feet to the fire and refuses to back down. Not only that, but refuses to implement tariffs. The shortterm pain, to quote larry kudlow, is a cost benefit. We can put up with some pain now, but we can open up china and take part in their markets. And actually have a very proper legal trade partner. Then this shortterm pain, according to the administration, many of those watch say its worth it. Harris lets talk honestly about that. He said he was glad to hear him say that. I think it would go a long way for the president to say, you know what . What you are feeling is real, wherever you are. But this is why we are doing it and its going to be amazing. Because it is. They have to do a better job of getting that out there. Its farmers, the agricultural community, they are getting really hit hard. Its real. If china goes ahead and starts adding more tariffs to people providing the peanut scum the sugar, the wheat, the chicken, the hogs, all of these products. Harris this economy is so resilient and so amazing. If we were ever going to do this, and thats why he would hear i would think, people like Chuck Schumer agreeing with the president on getting tough with china over trade. An intellectual property, which is wrapped up in all of this. The theft of intellectual property. The forced transfer of technology. All the things that china has been getting away with for so long. Harris i did a little bit of homework on the Tech Companies today. First of all, qualcomm gets 66. 6 of its revenue from china, including hong kong. Qualcomm. Obviously they are going to hurt. Apple gets nearly 20 of its annual revenue from china, totaling 51. 9 billion from china alone. Those companies are getting hit very hard on the markets today. Then you have the boeings, who sell their planes to china. Caterpillar, the industrial giant. They sell their products in china. Harris wears the opportunity and can we hold some of it . We could it always becomes a point, harris, that the market that there are some brief people out there. Everybody else is running for the exits, to say, you know what customer at this companys just as good yesterday as it was today. At this price i want to jump in and buy a little of that. Its not happening now because the environment is just to volatile, but eventually people will come back in. Especially if you get a headline thats more favorable on trade. Harris u. S. Consumers have to hold tight right now. I would advocate for the president personally to tell them that. I think so. Harris hes got he has put out treats. You can buy things not made in china, you dont have to pay the extra tariffs. Thats true. Harris does that help the soybean farmers, though . Probably not. They are aware of this. Its interesting, the farm bill has been supportive of the president. But they are really harris i sat with joni ernst in iowa and she said, we have some Patient Point or less, we just dont know what what the big picture is going to be. We talked last hour about workarounds that americans and their companies are doing. We have to do a heck of a work around if its qualcomm. Go pro, they make those little chemist. They announced today they are moving production from china to mexico for all u. S. Bound product. There is an example of a company trying to get out ahead, saying, whats going on in china is not going to work with us. And they will be moving for production of china paid the president said in his tweet, china will be losing companies. Harris i wonder what theyre thinking about in terms of trade with america, because we are serious. Exactly right. Walk the walk, talk the talk. The president is holding firm. For the first time ever, china is up against an adversary doesnt quite know how to handle. Harris Ashley Webster on the mezzanine today, as we watch the nasdaq and the doubt. Great to see you. Thank you. Fox news alert, secretary of state mike pompeo canceling a planned visit to moscow today. Instead, traveling to brussels to talk about rising tensions in the middle east. We are getting new video now. Look at your screen. A u. S. B52 bomber sent there td 100,000 tons of diplomacy. Indeed, harris. Secretary of state mike pompeo has now skipped three stops in the last week, citing a need to deal with threats from iran. Secretary is in brussels. We got an update from a Senior State Department official traveling with the secretary, who says he wanted to share multiple plot factors emerging from iran, and that the United States likes to share intelligence with european allies. According to officials, he is scheduled to meet today with officials from nato, the european union, germany, france, the united kingdom, those three countries is the part of the Iran Nuclear Agreement and are also trying to figure out ways to save the deal. Last week irans president gave germany, france, and the u. K. About two months to help iran evade American Economic sanctions. If not, iran says it will resume producing highlyenriched uranium. Those european governments have criticized iran for threatening to escalate its nuclear program, and they have also knocked the United States for leaving the Nuclear Agreement last year and restoring sanctions against iran. Last week the Trump Administration announced it would expand the u. S. Military presence in the region, deploying four b52 bombers to qatar. Theyve already flown missions in the region to deter iran. They also sent the uss Abraham LincolnCarrier Strike group to the persian gul persian gulf. The Iranian Students News Agency quotes the senior revolutionary guard officials saying, an Aircraft Carrier that has at least 40 to 50 planes on it and 6,000 forces covered within it was a serious threat for us in the past, but now its a target and the threats have switched to opportunities. Secretary pompeo says the United States does not want war with iran but said that any attack against the United States, american citizens, or interest would be met with a swift and decisive u. S. Response. The secretary is scheduled to move on to russia after this. He is supposed to go to sochi. Thats where he is scheduled to meet with vladimir putin. A senior state a permit official says they will discuss iran while they are there, along with those of other issues and difficulties ongoing between the United States and russia. Harris . Harris rich, thank you very much. A man charged with murdering a hiker with a machete is due in court today. James jordan accused of attacking two people in the appalachian trail in virginia. The victim survived. Walk 6 miles after being stabbed to find help. Right now, a motive for that attack is still unknown. Last month jordan pleaded guilty to threatening hikers with a knife in North Carolina and tennessee. Gets kind of a calming feeling, i always tell folks. When i think about the holocaust and the tragedy of the holocaust, and the fact that it was my ancestors, palestinians, who lost their land and some lost their lives. All of it was in the name of trying to create a safe haven for jews harris that was democratic congresswoman rashida smollett sparking outrage over her comments. Sows are public and leaders are going after the remarks as antisemitic. Calling on Speaker Nancy Pelosi to take action. But congresswoman tlaib is responding to the critics, accusing them of twisting her words in an effort to try and silence her. Like in many will live on l. Mike . Harris, good afternoon. Republicans like new york congressman lee zeldin have been expressing their outrage. Those entreating the following, rashida smollett says the holocaust gives her a calming feeling, calling for a one state solution putting in the minority and out of power of their own country. This is a heart filled with darkness, and of the holocaust began the first place. Another republican for this reaction. I think that is completely unacceptable and i think she should apologize for it. If her comments are perceived as antisemitic, she should clarify. Once again, democrats are forced to defend one of their controversial and highprofile freshman numbers. Taking her fellow democrats in the house off message. Whether its congresswoman tlaib of those responding to her, or the present, we all need to understand that words matter and we have to be careful about how we say things paid off and they can become interpreted in a way that is very hurtful. Of course we are already into the 2020 political season, and a spokeswoman for the Democratic National committee offered this reaction on fox. The democrats have been clear about speaking out against antisemitism. Does nancy pelosi need to respond . She does. This is her caucus and she understands there are a lot of distractions out there. She wont fall for every distraction. Has she been very clear about how she stands against antisemitism . Absolutely. Some monikers are calling on speefifteen to go immediately to the house floor and clarify what she meant, starting with an apology. Harris . Harris mike emanuel, i know you will stay on it. We will come back he was the news warrants. Thank you. New details on the surge of illegal crossings that are seven border, as we learned there have been more than half a million apprehension so far this fiscal year. A live report you dont want to miss. A top House Democrat issuing a subpoena for term sectors earned amid the growing standoff between the white house and the democrats amid a slew of allegations against present. Darrell issa joins me next. When you have nausea, heartburn, indigestion, upset stomach, diarrhea. Girl, pepto ultra coating will treat your stomach right. Nausea, heartburn, indigestion, upset stomach, diarrhea. Try pepto with ultra coating. But dad, youve got allstate. With accident forgiveness they guarantee your rates wont go up just because of an accident. Smart kid. Indeed. Are you in good hands . Whats going on . Its the 3pm slump. Should have had a p3. Oh yeah. Should have had a p3. Need energy . Get p3. With a mix of meat, cheese and nuts. To give you the alrprotein you needin ensure max protein. With less of the sugar you dont grunti g ill take that. cheering 30 grams of protein and 1 gram of sugar ensure. For strength and energy. Every curve, every innovation, every feeling. A product of mastery. Lease the 2019 es 350 for 379 a month for 36 months. Experience amazing at your lexus dealer. Were family. Wed do anytbut this time. Her. Those bonds were definitely tested. Frog leg, for my baby brother dont frogs have like, two legs . So they should have two of these . Since im active duty and shes family, i was able to set my sister up with a sweet membership from navy federal. If you hold it closer, it looks bigger. Eat your food my big sis likes to make tiny food. And im okay with that. Navy federal credit union. Our members, are the mission. So now you can bring in your own phone, switch wireless carriers and save hundreds of dollars a year. Its pretty much the easiest way to save since sliced bread. Because savings is as savings does. And sometimes youve just got to stop and smell the savings. Im sorry, i think you mean roses. Oh right. You need to stop and smell the roses of savings. Bring in your own phone, switch to Xfinity Mobile and only pay for data. Now thats simple, easy, awesome. Get 100 back when you bring in an eligible smartphone. Click, call, or visit a store today. Harris the standoff between the house, quit house and House Democrats is escalating after the chairman of the house ways and Means Committee submit united steven mnuchin, and irs commissioner. For the tax returns of the president , setting a friday deadline. This, as the Washington Post is reporting that President Trump and his allies are working to block more than 20 investigations into his personal finances, policies, and actions as president. Heres House Intelligence Committee chairman adam schiff. The administration was decided to see a blanket no, to any kind of oversight whatsoever. No witnesses, documents, nothing. Claiming executive privilege over things that they know was no basis for. They want to draw this out as long as possible. We are going to fight it. We are fighting it. Harris joining me now, former California Republican congressmen, darrell issa. Great to see you today. I first want to ask just about kind of the disingenuousness, if you will, from someone as chairman shift. I say this in all honesty and fairness where does he come from where he presses this, where he still hasnt shown us the evidence of collusion that he said he had against the present . Harris, you are exactly right. Adam schiff and i came into congress 18 years ago to give it. After 18 years, its very clear that he knows he has been disingenuous and lied about having evidence because hes not coming forward more claiming that he has any longer. Instead he has shifted to the destruction of the person. For your viewers, one thing i think they all have to understand is congress does not have Oversight Authority because of the constitution. We have it because of the necessity to know things in order to legislate. As a result, the courts have always held there has to be a legislative purpose. Simply wanting to poke into the president s tax records to see if you can find a crime where the irs hasnt, or demanding that the attorney general break the law and give them openly information that should not be made public, that has no legislative purpose. I think adam schiff and jerry nadler and others are illserved to keep demanding things they shouldnt ask for while in fact they are forcing the administration sometimes to say no in a fairly blanket way because they are tired of nothing having anything to do with legislation. Harris i wrote out you said about the constitution not giving congress the power of oversight. Look, i understand that there is a history of very rare and remote and old history, using a kind of contempt, and inherent contempt, t