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A recent study by an independent trade economist group suggests that about 146,000 jobs on net will be lost because of this. >> and professor irish, it's a very common notion that donald trump has. it's common among people who have never studied economics and don't really know much about it, that you can find an economist, a trained economist to say anything about any issue. what that ignores, if it's possible is that there is a consensus. there is an overwhelming consensus on certain subjects as there is, say, with climate scientists on the subject of climate change. on this subject, there is...

>> just one problem, bmw and mercedes make and sell more than half a million vehicles in this country. gm imports about a quarter of its cars. so gm would be hurt. if you are thinking this president hasn't thought it through as well, that is how it happened. when the president launched this, he was winging this. >> study showing this would be a net loss of 146,000 jobs. has the white house studied how many jobs lost or created. >> this is something that the president is committed to doing and he feels that both our national security are vitally important in this process and we have to be able ...

>> that was friday night. by saturday, president trump tweeted an answer, retaliate on cars. quote, we will simply apply a tax on their cars. just one problem, bmw and mercedes, they make and sell more than half a million vehicles in this country, in red states. no import duties on them. u.s. owned gm imports about a quarter of the cars it sells here, so gm would be hurt f. you're thinking by now that this smacks of a president who hasn't really thought this through very well, that's exactly how it happened. as we and others have reported, when the president launched this, he was winging it. t...

People have to understand, our country, on trade, has been ripped off by virtually every country in the world, whether it's friend or enemy. everybody. >> reporter: but a new analysis out tonight by the non-partisan trade partnership projects the trump tariffs on steel and aluminum would result in a net loss of 146,000 american jobs in a single year. speaker of the house paul ryan is practically begging the president to reconsider, saying, quote, we are extremely worried about the consequences of a trade war. but the president has declared, "trade wars are good and easy to win." although today...

Long time. i'm curious, why didn't he simply say until china relents on its policy on steel and give a set goal for the tariffs? >> look, again, the president's ultimate goal is to get free, fair and reciprocal trade. if china wants to come to the table and play ball and make some significant changes, then we'd be open to those conversations. but at this point we haven't seen an indication of that taking place. i'll take one last question. blake. >> and to end with trade, there was a study released today showing that this would be a -- the president's proposals a net loss of 146,000 jobs. has ...