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Detailed text transcripts for TV channel - FOXNEWS - 20180611:06:48:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20180611:06:48:00

Imposed tariffs on chinese steel and aluminum and now we are seeing him display erratic chaotic type of behavior with closest allies. that is not a way to help american workers. chris: congressman chaffetz you want to respond to that? >> the president was elected to do something other than the status quo and his druption was certainly very successful in that summit. that's what he was elected to do. that's what he's doing and i think in his -- from his approach, that puts the united states in a position to now go back and push a negotiation so that we can get to something that is fair and bala...

Detailed text transcripts for TV channel - FOXNEWS - 20180611:06:32:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20180611:06:32:00

Chris: a look at the striking marina bay sands hotel here in singapore with iconic sky park ahead of tuesday's landmark summit. before president trump traveled to asia, he faced other world leaders at the group of 7 economic summit in canada. allies that are upset over new tariffs he's imposed on steel and aluminum import. joining us now one to have architects of that controversial plan, white house trade adviser peter navarro. mr. navarro, the summit ended with a nasty dust-up between president trump and canadian prime minister trudeau. he held a news conference after the summit in which he s...

Detailed text transcripts for TV channel - FOXNEWS - 20180611:06:37:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20180611:06:37:00

Yesterday when he said we've been the piggy-bank for the world and that's got to stop. if you look at angela merkel's europe, you see continent where we run 151 billion-dollar trade deficit in goods every year. germany has tariffs on autos four times higher than our tariffs on equivalent german import here and they sell three times as many cars as we sell them. so on the issue alone, we have allies strategically but when it comes to trade disputes, the allies basically are robbing us blind. the president is not going to put up that with that and in terms of retaliation, i want to get back to c...

Detailed text transcripts for TV channel - FOXNEWS - 20180611:06:28:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20180611:06:28:00

You know, in the early heavy days right after the announcement of the summit, the president was thoroughly enjoying the crowds chanting nobel peace prize, fairly things have calmed down, how bad does he want a deal and is there a danger that he could fall exactly into the trap that barack obama he says fell into with iran that he pushes for a deal even if it's not the right deal? >> right, that's a danger and it could be a deal very similar to what we saw with iran, extended period of time and one that north korea could get economic benefits down the road. how invested he is, he's extremely in...

Detailed text transcripts for TV channel - FOXNEWS - 20180611:06:50:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20180611:06:50:00

Policies which would be illustrated to starting with the fact that president trump loves to talk about how terrible trade deficits are about how he's bragging how much foreign investment we are getting. foreign investment is tin verse of trade deficits because all of those dollars have to come back to america somehow. the bigger your trade deficit the more foreign investment you get. this is all premised on accounting fiction that deficits are terrible. the things we are putting tariffs on are much more important to industries in america that use them. we use a lot of steel, we make steel more...