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If you look at some of the states that this impacts, texas impacted and michigan impacted quite heavily, so these are important political states, you know, for the president's re-election campaign, so i think until that argument is made to him, i think he's making his base play like he usually does to try and drive up his base, so in that sense he wants to be hard on mexico regardless of if the deal is actually a good one or not. >> go ahead. it's also no surprise that the president loves tariffs. he thinks they are a very effective tool to getting people to comply to what his demands are and ...

Want to take from us, and they are not taking it anymore. it's a lot different. >> the the dow is up 68 point. that's a modest gain. senate republicans trying to get the president to back down or at least slowdown. they want to hear from him directly about the tariff plan but the president not due back from europe until friday and the senate scheduled to be out of session though i'm sure they could arrange a meeting. if you listen to the president, number one, he said senators don't know anything. the are president talks about how tariffs work in a parallel universe than how they actually work...

This is going to be such a fascinating test to see if the insurrection that is going on right now on capitol hill among the president's fellow republicans that we've not seen on a policy issue is going to actually see fruition and they are going to act on this if in fact the president goes through with this 5% tariff. >> i don't know if credit is the right word. you mentioned senator cornyn is on the ballot and so is president trump. you're right, tariffs, trade and the issue on which he's been most consistent dating back to when he's been in politics and he's on the ballot. some of his privat...

Matched against biden, bernie sanders or mayor pete buttigieg. now, again, it's very early, but you're an incumbent president with unemployment below 4% in two states you won in 2016 and you're having trouble in michigan getting above 41%, 42%, 43% and in texas getting closer to 50. what does that tell you? >> part of that is the soft numbers on independents in some of those polls where people took a risk on trump, and they support obama and then they went to donald trump, and those people are having some second thoughts, and i think that's leading to some of the softening here. we talked abou...

Are going out the door that are going to be more expensive to consumers abroad. and that makes us less competitive. to me, i think that, again, we know we have an issue with europe. the president tried to push off auto tariffs between europe and japan a couple weeks ago. this thing could mushroom a little bit and we could find ourselves in a multi-front trade war which would weigh on u.s. corporate profits which we get maybe 50% of our profits from outside the u.s. and, really, we have a fragile global economy right now and this is the sort of thing that i just don't think anybody wants. >> gl...