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Battle over competing economic systems. and, remember, before president trump got here, china was engaged in this economic interaction. what we're trying to do as an administration is hold them accountable and the tariffs have been very successful in that regard. we've had tariffs on $370 billion worth of chinese goods, and the economy is doing great. we're defending our technologies from china using those tariffs. now we have a phase one deal. they would not have come to the table unless those tariffs were in place. so trusting trump on trade because he's not going to -- we've got deals with ...

Foxbusiness.com today brand new that suggests this was a big achievement for the president to get phase one of the china deal done even in the middle of his impeachment he is pushing his agenda forward? >> i have what i call the seven deadly structural sins of china, ip intrusions to i.p. theft and state-owned enterprises, currency manipulations. this phase one deals with one of those deadly sins. we still have tariffs on $370 billion worth of chinese goods. this is defense for technological crown jewels as well as insurance policy they will keep talking. my favorite part of the deal is an enf...

Say that. their hope is this is going to be resolved before the summer months that mexico will crack down on those who are crossing the the border and that they'll be able to move forward with the u.s. mca, but to put this in a broader context, the administration really feels as though the president has a shot at getting one piece of legislation passed at best. so are they giving up on that piece of legislation as the president heads into what is undoubtedly going to be a bruising 2020 election. >> let's talk dollars and cents here, because we import more than $370 billion worth of goods from ...

And life, something always goes wrong. sometimes you can predict what it will be. interest rates, for example. our current debt scheme works, they amount to 370 billion. that is about as much as our entire budget for medicaid. once interest rates go up, and they will, that figure will explode. at that point come your tax dollars won't go to roads or health care or seal team six fear they will t just go to interest payments. you will get nothing in return for that. only the bankers will benefit. both parties not to be very worried about this. neither party seems to be. they assume that they wil...

Predict what it's going to be. interest rates, for example. our current debt scheme works because long-term interest rates remain low. and, yet, even now our annual interest payments amount to more than 370 billion. that's about as much as our entire budget for medicaid. once interest rates go up and they will, that figure will explode. at that point your tax dollars won't go to roads or healthcare or seal team 6, they will just go to interest payments and get nothing in return for that only the bankers will benefit. both parties ought to be very worried about this. neither party seems to be. ...