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To their chinese properties in exchange for operating in their country. the trump team is also making headway in lowering chains tariffs on american cars. and that they are going a to gan access to the chinese financial sector. well, folks, since we have a $375 billion trade deficit with china, this is all really good news. on trade, let's remember, the president has stood on principle. he stuck to his guns and he completely altered the dynamic for the better. not only in china. the white house says a new nafta deal is in the offing. jared kushner is working hard on this behind the scenes. the...

They will not allow you to sell to the 1.3 billion people in china without knowing everything about how you do your business so that's the first thing they do and you have to do it and once you get to china you can't even own anything out and out you have to own a joint venture and 49% of that. we don't have any of that and there are 10 industries in china they deem off limits to foreigners, so these restriction s are exactly what we should be doing. pete: in order to avoid a trade war someone has to blink. who blinks? maria: well i think china is going to blink because they have the $375 bill...

With china we're going to be doing a section 301 trade action it could be about # $60 billion. i've been speaking with the highest chinese representatives including the president and i've asked them to reduce the trade deficit immediately by $100 billion. abby: no one better to talk about this than maria bartiromo host of sunday morning futures, who will be on in just a few moments. maria: great to see you welcome back. abby: i'd love your thoughts on this because there are a lot of people concerned about this potential trade war with china are we there yet where is this heading is this bad fo...

>> jon: a fox news alert. we're going to keep a close eye on the dow after a 700-plus point drop yesterday. right now it's a little less than 10% of that back. about 47 points up. meantime, fears of a possible trade war between the u.s. and china continue to spread across the globe. this comes after president trump announced tariffs on chinese imports yesterday. >> we're losing $375 billion with china. it could be $504 billion depending on the way you count. no matter how you count, it's bad. we're doing something that will be the start of making trade with china more fair. we're so far down a...

Billion trade deficit with china, it's not, it's $375 billion. so he's not really handling this. this requires a scalpel and he's using a sledge hammer. but he is right, china does need to be dealt with from a trading perspective. >> i want to ask you about this economy. just tonight i was made aware of the list of the top ten single day point drops on the dow. a bunch of them are from the housing crisis, financial crisis in 2008. four of the top ten all-time single day point drops have been in 2018, under donald trump. what's that about? >> part of it is because the dow is as high as it is. t...