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Unilaterally, but to have an actual new treaty, the congress would have to approve it. it's hard to imagine that would happen with a bilateral agreement not with canada as well. >> could i mention one other -- >> please. >> just one quick thing. it is true, the devil really is in the details, and the auto import tariffs is a big issue that i think is still unresolved. another issue is whether there will be a -- this will be like a five-year deal that could be -- could end after a certain length of time. that's something that has been a flash point in these negotiations both with mexico and can...

We opened our markets for 25 years. now they're stealing, they're massively building up their military. we're dealing with the new soviet union here. they are not friendly to the united states. what i would do by the way is use the money that we're going to raids from the tariffs to help out those farmers. we cannot back down here. if we back down it will be worse for the u.s. in the long run. >> one of the countries had a midterm coming up, one doesn't, i think that tells you who has the power here. >> all of you guys are talking about on cnn for the last year is foreigners intervening in a u...

Economy, and we're seeing a little bit now, those so i bean farmers in iowa and places that voted for trump, maybe he will start to reconsider what he is doing. now -- >> we're all in agreement on getting tough with china, but the tariff talk was really a negotiating strategy. it was a brush back pitch. here we are day one. now that it is no longer a negotiatiing strategy, but now t is on. have you changed your opinion about free trade and tariffs, or is it about providing political viability and the party of trump? >> i have always been for free trade. there is no question about international...

He might impose, will that push china toward the desired action? >> i don't believe so. again china does not have an election coming up. they don't have a democracy over there. they can sustain more pain than we can for that reason, and they designed their tariffs in a way to have much less pain from the tariffs on them than for us. i think as many trade experts who are much smarter than i believe that the way to get china to back down is to get with the countries who are also being mistreated by china. we're going to do a road show, that was a great discussion. thank you for taking part in it...

Firing up. >> you say how many will it hurt the american economy. >> yes, the tariffs that we're is posing that affect our own manufacturing, downstream firms, an order of more companies that depend on steel and semi cond t conductoconduc conducto conductors, they will be hurt from this. the question is how big is the magnitude of that pain. it will be a drag on the economy. don't think we're approaching recession territory yet, but if things escalate. >> steve, you're on the record for never being a fan of tariffs, what do you think of the move? >> you put up the numbers on your screen that w...