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A kind of trump effect here in terms of his policies. now, you asked the question about trade. look, i think the media is really very relieved here what happened the other day with this eu deal. i've bip following this very closely. i've talked many times to donald trump. i think this is game changer what happened on wednesday where the europeans basically said we can't live with these tariffs they're proposing, especially the german auto tariffs and what happened was the europeans said we will reduce our tariffs over time. ultimately what we hope to get to would be a zero tariff policy with t...

President trump's tariffs stupid. now all is well. >> he would maintain they were stupid and they are still stupid. the question needs to be asked, what was this deal arranged? is this another example of north korea where you have got a lot of good sounding words but nobody is really sure what just happened. i think "the new york times" summed it up beautifully this deal when it said we're now sure whether this is actually a breakthrough or just a smokescreen. what it does do, from the european's point of view -- they won here, by the way. the europeans -- >> they won? >> oh, yeah. europeans w...

>> it's unclear. this is unprecedented. both parties don't like what president trump is doing. farmers don't want a handout. they want to earn their money fairly. this is not what i think they saw happening. what the trump administration is probably trying to do is close down a few fights. you can't fight them all at the same time. >> you need allies. the juncker meeting? >> it seems like that's what it was. we still don't know about autoparts and auto tariffs in general which would be a huge, huge problem for the europeans. and might ruin this whole piece that trump is negotiating. we don't k...

A series of agreements which cover different issues one is a potential trade deal which would be the abolition of tariffs bringing terrorist zero on industrial products which are the ones of greatest concern particularly to the american colleagues in particular auto tariffs the other then is to look at ways in which we can grow american exports to europe such as l. and g. or soya and then a joint agenda working in the w. cio so this these are not all wrapped together in one mega trade of the of the teacher kind this is a rather more. step by step approach looking at these problems in their dif...

Hurting their businesses. in neighboring iowa, where president trump was earlier, farmers say trade disputes are costing them a pretty penny. the administration has announced a $12 billion plan to help. aaron maller is here from the watt street journal. conservatives like free trade. tell us about what happened yesterday. >> well, what happened is a lesson at the eye. >> shepard: the headline was better than the article. >> the good news is, there's no auto tariffs right away it seems. that's very good. the market was worried about that. would have been very disruptive. they agreed to start ne...