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The scholars calculated that trump's tariffs last year cost american consumers and firms a staggering $68.8 billion a year. america now has the highest tariffs among the g-7, a group of the world's leading industrialized companies. over time other nations will surely become more protectionist as well. and history suggests once imposed, tariffs are hard to repeal since domestic lobbies that benefit will advocate fiercely for their retention. one example, in 1964, retaliating european tariffs on american chickens, the u.s. placed a 25% tariff on trucks. the chicken tax was long ago repealed, but...

Released a paper that trump had ushered in. the scholars calculated that trump's tariffs last year cost kmern consumers and firms a staggering $68.8 billion a year. america now has the highest tariffs among the g-7, a group of the world's leading industrialized companies. over time other nations will surely become more protectionist as well. and history suggests once imposed, tariffs are hard to repeal since domestic lobbies that benefit will advocate fiercely for their retention. one example in 1964, retaliating european tariffs on american chickens, the u.s. placed a 25% tariff on trucks. th...

They weren't doing anything to begin with. it was not a credible investigation. >> laura: that is the democrats' take. messenger boy. i don't know if that is nice to say. >> that will be their take through the midterms and through 2020. the problem in the mid-terms, of course, is that you have marginal races that are in play. so 80% of the districts are either 90% republicans or 90% democrat. there are no real marginal races about 22 -- >> laura: we will get into the pennsylvania race in a moment. >> so this rhetoric won't work. impeachment rhetoric doesn't work in the marginal races. these ar...

I said they will. slowly but surely they will get without waking people up. now they're getting rid of it. $34.2 billion. they now hold $755.4 billion of our debt. japan also cut $11.5 billion in treasuries. they're now -- actually, china used to be the largest but now japan is the largest owner of our debt with $768.8 billion. so japan is the largest bank? no, no, no. the largest bank with the largest holder of our debt -- ready for this? $5.1 trillion. who owns it? the fed. that's who we're slaves to.

Not in your interest. i said they will. slowly but surely they will get without waking people up. now they're getting rid of it. $34.2 billion. they now hold $755.4 billion of our debt. japan also cut $11.5 billion in treasuries. they're now -- actually, china used to be the largest but now japan is the largest owner of our debt with $768.8 billion. so japan is the largest bank? no, no, no. the largest bank with the largest holder of our debt -- ready for this? $5.1 trillion. who owns it? the fed. that's who we're slaves to.