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Latest developments on the trade front, you know, some division within the white house we're told among going really tough, sort of the navarro route or mainstream mnuchin route? what do you make of that? >> i think the president is right to focus on china. he's right to say that the imbalance between the u.s. and china has grown over time. and by the way, of the $500 billion trade deficit we have, $370 billion is with china. so no question about that. one of the issues that he's focused on was intellectual property. the fact that they take our secrets and use them. so it's real and it's good ...

Basically what we have here is a situation where every american understands that china is stealing sour intellectual property and forcing transfer of technology when companies go to china and by doing that, they steal jobs from america and factories from america and we run an unprecedented $370 billion a year trade deficit in goods. this is an unsustainable situation. what we've done in a very measured way over the course of many months is develop a plan to make the situation significantly better. that plan is being implemented and includes both tariffs to recover the damages that china inflic...

Revealed that as it turns out we are actually talking to china behind the scenes. the president tweeted this. ainsley: he said trade talks going on with numerous countries that for many years have not treat you had the united states fairly. in the end, all will be happy. steve: ultimately the dow finished up 670 points, almost. and there is also news that apparently the united states is negotiating with south korea, which is the third largest exporter to the united states of steel. they are going to start limiting the amount of steel they bring into the country by 30%. ainsley: what does that ...

>> we are dealing with theai deficit. $370 billion off w of the defic, moving forward. lowering premiums over the next ten years. that's something we are absolutely focused on. as a compromise, continuing the expansion of medicaid. it's the normal reimbursement rate states get for medicaid. i did not believe the cbo scores that somehow 14 million americans are dropping off next year. there is effectively no changes. i still can't get my head arouns why somebody -- we are not changing the exchanges. i'm a little befuddled by that one. what we are doing that is huge for the economy, what the pre...

>> well, we are dealing with a deficit. knocking $370 billion off of the deficit moving forward. we're lowering premiums over the next ten years. that's something we are absolutely focused on. we are, as a compromise, continuing the expansion of medicaid. yes, a lower reimbursement, but it is the normal reimbursement rate states get for medicaid. i did not believe the cbo scores that somehow 14 million americans are dropping off next year. i mean, next year, there is effectively no changes. i still can't get my head around why somebody -- we are notes changing the exchanges next year. i'm a li...