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The auto industry being one of them. last year cars built in mexico counted for 17% of detroit sales with general motors domestic sales 22% of all cars sold were built in mexico. the u.s. imported $53 billion in auto parts coming from mexico, the highest of any country according to data from the commerce department. if the full 25% tariff were to be enforced, some experts believe the average cost of a car could rise $1,300. >> ultimately u.s. consumers will pay the tariffs or a big chunk of it. companies can try to pass it along. there's pressure to move the cost increases down the line. they ...

Spending -- >> today, we have found 72% of the savings that we would have to achieve in order to meet that $53 billion reduction target. >> reaganomics ba s was basical you give the investing class the money, it would trickle down, and cutting taxes would increase revenues. >> the president spent the day dealing with brush fires on the right and left. the cuts he wants to make in the budget and in income taxes, brought out into the open some disagreements among his supporters as well as opponents. >> reagan says cut back. >> we say fight back. >> the administration has gambled our future on a ...

I mean, ge has the same market cap, a little less, actually than tesla, something like 50 billion. tesla is 53 billion. yet, ge makes $10 billion a year in profits and produces 10 million cars a year. some astronomical amount of carses. tesla makes no money. loses money. >> g.m. or ge. >> g.m. i'm sorry. i have ge on the brain. that's another sob story. g.m., tesla loses money and produces a fraction of that. >> neil: he is the face of the company. >> don't bet in occultic personalities. you bet with your heart. bet with your 90's not your heart. you know, neil, look at the numbers. they misse...

Two days of meetings in washington come as both sides impose new tariffs on imports. today the united states imposed a tariff on billions in goods from china including motorcycles, farm tractors, other industrial machinery, thermometers, and much more. china retaliated by slapping matching tariffs on goods from the united states including cars, buses, motorcycles, bicycles, medical equipment, and much more. so if you're keeping score, here's where things stand so far. the united states and china have imposed $53 billion in tariffs on imports from other the other country, and the trade war appe...

With his former attorney michael: and you hear somebody say "any other tapes, mr. president?" the president was on topic the tariffs. >> this is a lot about politics and distraction. your point is remarkably important. when you look at shifting the european markets, you look at some of the other european -- you look at the changes in economic factors, the value of our trade with them versus the trade deficit which is north of i believe $153 billion annually. look at the millions of dollars we put into france on a daily basis in trade and economic activity. if you want to have it as the democra...