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Time, right? you're going to buy lots of goods, a great many made in china. but keep this in mind, china started this many, many years ago with unfair trade practices like forced technology transfers. that's the white house's view. and so nowings as you know, president trump has repeatedly said this has cost the american consumer hundreds of billions of dollars, and now it is time for a trade reset or more tariffs will hit the chinese. let me take you inside the numbers. more trade tariffs coming online right now, we're talking about later today more tariffs set to hit imports valued at about ...

House with more. hello, kevin. >> reporter: mike, good to be with you. a couple of views on that premise. on the one hand, it's simple. you import chinese-made goods, you're going to pay more. if you buy chinese-made goods, you're going to pay more too, but the other viewpoint certainly from the white house's perspective, if you want to avoid those tariffs, just don't buy goods made in china. let me take you inside the numbers and explain for the folks at home exactly what we're talking about, those new tariffs set to take effect again today. more big dollars coming in by way of the importers ...

There go the dragon right there. >> reporter: that's the dragon. >> constantly watching it. frrks. >> reporter: it's actually the biggest oil refinery in america and it's owned by a saudi arabian company that made $111 billion profit last year. almost twice as much as apple. meanwhile their neighbor who lives here was driven out by the flood waters of hurricane harvey and almost two years later can't afford the repairs to move back in. this is why communities of color are were aides that the gap between polluting haves and storm-surviving have nots is only going to get wider. after harvey floo...

Rebuild your house over and over again. >> reporter: for almost 20 years he's been the kind of concerned citizen who grabs a camera when the toxic clouds get bad and has air quality officials on speed dial. >> he was like what do you need to see it for and who are you again? >> reporter: he has a stack of complaints and a few wins. >> and we're constantly fighting those kind of battles. i'm forever the guard at this gate. as you can see from my place, there go the dragon right there. >> that's the dragon. >> constantly watching it. >> reporter: what hilton calls the dragon is actually the bigg...

Gave its domestic companies $111 billion in loans and guaranteed assurance to help them sell their various products overseas. china is just one example. japan's company has $33 billion. south korea $24 billion. and by contrast, the u.s. total was just $15 billion. keep in mind that south korea's economy is less than one-tenth the size of america's. now this creates a very uneven playing field. one in which it's tough for many u.s. companies to compete. and if american firms are struggling to compete, that's bad news for the millions of unemployed in this country. so, how can america stop these...