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Lucky. swiss american chairman craig smith on that. there's ongoing worried about trade, will we see another shut town. all of that stuff. markets climb a wall a worry. you're still worried. >> i am, neil. i must tell you, i'm not as worried as before. look at the market reactions to the lack of the meeting with president trump and xi. i think right now, neil, we are going to get a deal. but let's keep in mind from a 35,000 foot view what we're trying to accomplish. i think it's very important that we focus on this. in 1980, china had a $305 billion economy. today it's a $12 billion. how did t...

States. negotiations for which reportedly are at a stalemate. a senior administration official told reporters that no particular chinese action led to trump's latest trade threat. in a recent interview with cnbc, the president threatened to impose tariffs on all $505 billion worth of goods china exports to the united states per year. meanwhile, the senate yesterday passed a defense bill that tightens national security reviews of chinese corporate deals while overhauling rolls over which u.s. technologies can be ex ported. however, the restriction on chinese mega company zte were weakened befor...

Now he has ordered the trade representative to draw up more tariffs, not only that, but trump says that if china reciprocates again which beijing adds that it will, the u.s. will add more tariffs. that nearly equals the total value of chinese goods exported to the u.s. last year which was just over $505 billion. last year the u.s. exported roughly $130 billion worth of goods to china and the vice president which represents several major american exporters including caterpillar and john deere says additional tariffs will effectively wipe out all the gains that our industry has seen and cost ame...

China seem as confused as anyone else, but the issue appears to be crystal clear in the mind of the u.s. president. >> we're putting tariffs on $50 billion worth of technology and other things because we have to. because we've been treated very unfairly. but china has been terrific. president xi has been terrific. president moon. everybody. we're and he will working toget. >> reporter: china is consistent in its stance that if the u.s. side adopts any unilateral protectionist measures and damages china's interests, we will immediately reaction and take necessary measures. >> so here is an over...

He later tweeted when you're already $500 billion down, you can't lose. regardless of how you feel about trade deficits, the president is lying. according to the commerce department, the gap between chinese goods and services imported into the united states and american goods and services exported to china was just over $375 billion in 2017, up from $347 billion in 2016. there is no way you can add or subtract these numbers to get to $500 billion. that's just a made-up number by the president. the u.s. trade deficits in goods and services worldwide last year did have a 5 handle. that's $566 bi...