Page 37 - 375 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

With those tariffs and are you willing to not move forward? >> if they retaliate, they're making a mistake. we have a tremendous trade imbalance. when we try to bring our piece up a little bit so it's not so bad and then they go up, the difference is, they do so much more business with us than we do with them that we can't lose that, you understand. we can't lose it. as an example with one country we have 375 billion in trade deficits. we can't lose. you could make the case that they lost years ago, but when you're down 375 billion, you can't lose. and we have to bring them up. so there's very...

Forward and are you willing to not move forward? >> they are making a mistake. we have a tremendous trade imbalance. we try to bring our piece up a little bit so it is not so bad and they go up, the difference is they do so much more business with us that we do with them, that we can't lose that. you understand? we can't lose it. as an example, with one country we have 375 $375 million in trade deficits, we can't lose. you could make the case they lost years ago but when we count $375 billion you can't lose. we have to bring them out. there is very bad spirit when we have a big trade imbalance...

Forward with those -- >> if they retaliate they're making a tremendous mistake. when we try to bring our piece up a little bit so it's not so bad, and then they go up, the difference is they do so much more business with us than we do with them that we can't lose that. you understand, we can't lose it. and as an example with one country we have $375 billion in trade deficits. we can't lose. you could make the case that they lost years ago, but when you're done $375 billion you can't lose. and wea have to bring them up. so there's a very bad spirit when we have a big trade imbalance and we want...

The next few days. take it slow. mike: daniel from the weekly standard and free beacon. many thanks. >> thank you. mike: u.s. delegation back in beijing to talk trade as concerns of an all out trade war escalate. the negotiations coming after the white house moved to revive the threat of tariffs on chinese imports and slapped canada, mexico and eu with steep metal tariffs. we have more. >> commerce secretary ross is in beijing trying to substantially change the trade relationship between the united states and china. the commerce secretary is reportedly scheduled to have dinner with china's lea...

Addressing is their deficit on annual basis with the rest of the world at $800 billion. china rounded up $375 billion annually. china has agreed recently to buy more u.s. goods. after wilbur ross they pull back on that now. >> is that really zero-sum game way way to look at it? most economists, and they say look, i'm probably a few thousand dollars down in a trade deficit with amazon but i've gotten a lot of stuff from amazon in the same way $800 billion trade deficit with other countries that the united states imports a huge amount of goods. >> most economists would be against terrace, but ev...