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Let's dig to what a 20% tariff would mean.eyla santiago, thank. let's dig to what a 20% tariff would mean. drives up the price of corona, tequila, margaritas is mucho sad. tom foreman joins us with the multi billion-dollar bottom line. tom? >> reporter: every minute, that is how much business is being chance act chance acted between the u.s. and mexico according to the think tank here in washington d.c. in 2015 mexico sent $295 billion worth of vehicles, machinery to the united states, the same year the united states sent 236 billion worth of machinery, vehicles, plastics and so on into mexico...

>> the other thing that strikes me, scott, is as you come to the realization that it is not us versus china as much as -- as convenient as that narrative is, that it is us and china. if america declinedeclines, chi declines. if china declines, america declines. so wanting to take from them or allowing them to take with us, is just a self -- america's need for prosperity and a sense of fairness and perhaps the basic economics that david's research so showing being the catalyst to force us to move away from finger pointing to some form of collective collaboration. >> well, i think that makes a l...

I think belatedly our resources have been kept here. but we've been outsourcing, we don't hold china responsible for its currency manipulating, and if we outsourced 30%, we would bring 7% of those jobs back. it's a trickle, it's not a trend, and i found this report to be fascinating, but one of the elements that concerned me is there is still an indication that a lot of manufacturers are looking to offshore, and as you know, dylan, the trade deficit reflects that. record $295 billion with china last year and it's growing. it's not headed the direction that it should be. >> the two things that ...