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Do you agree with this. >> this is the fifth trade policy we've had. they've all failed. >> paul: he would say south korea worked out just fine. >> we have a new deal with south korea. we raised tariffs on importing pickup trucks. we raised taxes on u.s. consumers. the problem with president trump is he doesn't understand the benefits of trade liberalization go to the bi liberalizer. if we are an open economy, we do better than the rest of the world. and he insists that there has to be this something for something and that's a manageable trade policy if you want to make americans better off. >...

Policy we've had. they've all failed. >> paul: he would say south korea worked out just fine. >> we have a new deal with south korea. we raised tariffs on importing pickup trucks. we raised taxes on u.s. consumers. the problem with president trump is he doesn't understand the benefits of trade liberalization go to the bi liberalizer. if we are an open economy, we do better than the rest of the world. and he insists that there has to be this something for something and that's a manageable trade policy if you want to make americans better off. >> paul: the markets are down, no question, not a lo...