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Say that. their hope is this is going to be resolved before the summer months that mexico will crack down on those who are crossing the the border and that they'll be able to move forward with the u.s. mca, but to put this in a broader context, the administration really feels as though the president has a shot at getting one piece of legislation passed at best. so are they giving up on that piece of legislation as the president heads into what is undoubtedly going to be a bruising 2020 election. >> let's talk dollars and cents here, because we import more than $370 billion worth of goods from ...

From the holiday quarter, and he blamed that disappointing outlook on the ongoing u.s. and china trade war, adding to a slowing chinese economy. he mentioned a couple other factors, and appearing expect revenue to be about $84 billion, and that's down from 89 to $93 billion. and cook said u.s. and chinese tensions put additional pressure on the economy. >> if you look at our results our shortfall is with the iphone and as we look at what is going on in china, the economy began to slow there for the second half and what i believe to be the case is the trade tensions between the united states an...

The dow plunging triple digits amid confusion over the direction of president trump trade war with china. this as we learn more about a chinese tech executive accused of evading u.s. sanctions on iran. susan lee fox business network joins us with more. >> we're talking about one of the largest telecommunications companies in the world. largest telecommunications maker in china. they brought in $93 billion in revenue last year. this the third largest global seller of smart phones. we've been watching the daughter of the founder taking place in canada as she was changing planes in vancouver. tod...

Lots of cardio, karate, jump training, yoga. >> we think we ought to contain and control and cut spending. we think we ought to get our deficits down, not up. >> we believe that we owe the american people a responsible balanced budget. >> balanced budget. deficits down, not up. that was ryan's pitch. we all heard it. and then he got the gavel and he wielded it during two different presidencies. and, again, i'm just going to use the paul ryan standard, he failed. ryan became speaker in 2015 when there was a roughly $438 billion deficit he and oversaw the growth of that deficit to $793 billion. ...

>> thanks to our powerful trade policies, the trades deficit is falling and falling and falling, and boy, did it fall this quarter. the daying of plundering american jobs and american wealth, those days are over. they're over. >> dear america, we deserve higher wages, you deserve to thrive. but what the president just did, he lied to your face. the united states deficit with china has increased to $93 billion in the first quarter of this year. the numbers that would round out the second quarter, well, they don't come out until friday. and there are other signs that this could be a very risky g...