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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. this has been going on since...

Import who goes to china on business, your phone is checked. your files are looked through. your e-mails are taken. any device, whether or not you are in china, the chinese are able to reverse engineer devices. even genetically modified grains they can organize. so the idea that the chinese have not been fair on the trading platform is valid. and it's something that democrats and republicans understand. but once again, the approach is a little bit hand fisted. so the chinese have said we're imposing duties on $60 billion of their goods and will -- at this point, they're starting small, about $...

Calculate, of $504 billion. some people would say it's really $375 billion. many different ways of looking at it. but any way you look at it, it is the largest deficit of any country in the history of our world. it's out of control. we have a tremendous intellectual property theft situation going on which, likewise, is hundreds of billions of dollars, and that's on a yearly basis. i've spoken to the president, i've spoken to representatives of china. we've been dealing with it very seriously. as you know, we're renegotiating nafta. we'll see how that turns out. many countries are calling to ne...

Us. it's been very unfair to us. >> sandra: let's bring in oklahoma senator and maybe of the senate armed services committee, jim inhaus joins us. >> great to be with you. >> sandra: the president making news there, shedding light and his thoughts on a variety of issues. one he weighed in again on trade after announcing the tariffs this afternoon. he said we're so far down, our past presidents shouldn't have allowed this to happen. we're losing $375 billion a day to china says the president. >> i think exactly right. he's addressing that. he's going after it, making it clear that his actions a...

He's add the generation next panel discussion. we're told he would be jumping in this panel. he was asked a question on tariffs. let's listen in for a minute. >> it's the highest number of jobs we've ever had in our country. it's coming back. we're losing $375 billion with china. it could be $504 billion depending on the way you count. a lot of different ways to 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. our past presidents shouldn't have allowed this to happen. this has been many, many years. ...