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Him if he wants to listen don't start a trade war. maria: because on that first day , when he first announced this, that day justin trudeau i think he was at a conference or something and he said i am willing to walk and that's when the dow went down 1000 points. so you're right that's what markets reacted to the fact that if they're just as bullheaded as we are we have a big problem. >> also remember justin trudeau has his own domestic politics to deal with canada is a democracy he has to stand up for the interest of canadians it's just a reality but maria i'd point out another very argument ...

Comprehensive approach than what trump is talking about. i think the main target of our concern has got to be china. we have a $375 billion trade deficit with china. trump, i think, today, yesterday said he wants to reduce that by 1 billion. that is not enough. china is dumping steel clearly all over the world, and i think china is the major country that we've got to deal with. i would personally favor the repeal of permanent normal trade relations with china. >> doesn't -- doesn't a tariff, a, risk a trade war? and also while it will help manufacturing in the united states, it's going to rais...

This is an issue we have got to deal with. i happen to think we need a more comprehensive approach than what trump is talking about. i think the main target of our concern has got to be china. we have a $375 billion trade deficit with china. trump, i think, today, yesterday said that he wants to reduce that by $1 billion. that is not enough. china is dumping steel clearly all over the world, and i think china is the major country that we've got to deal with. i would personally favor the repeal of permanent normal trade relations with china. >> doesn't a tariff, a, risk a trade war and, also, w...

They want to try to make a plan to decrease their trade deficit by $1 billion? china's trade deficit is $375 billion for 2017. that seems like it should be easy but that seems like, you know, that doesn't mean too much to me. intellectual property, that's a real issue. that's what he should have been working on all along. not the 1950s nostalgia for steel mills. >> whatever is done is going to have to address the president's concerns about transshipment, the idea that china is sending cheap steel to other countries around the world which are then sending it here. so when the president is heari...

Billion of a trade deficit. $375 billion of it is china. china is not the big exporter of steel and aluminum. it's canada. canada has $582 billion of total trade, ins and outs. china has $636. very close. yet their deficit is 375. canada is only 18. less than 3% of the total trade balance. so coming out with a policy that penalize as country like canada where we have a quid pro quo and we tonight know what previous administrations did in saying, okay, you can have this tariff. i have this one. sneakers in this country have a 48% tariff. >> let me walk this forward a bit. it's quite possible th...