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Really tax hikes. wouldn't tariffs if president trump actually pulled the trigger be a huge mistake? >> no. by the way, we didn't like the blanket tariffs. we didn't like the blanket tariffs which would hurt our allies as much as or more as our enemies. >> you would support it if the president pulled the trigger on the hundreds of billions of dollars against china? >> yes, i would. >> you would? >> i absolutely would. no free guy disagrees on this subject. the guild, the brethren of the economics profession have all agreed that something has to be done. >> is that true? >> first of all, the br...

Fix that stuff, both sides will benefit for growth. the rest of the world will benefit -- >> neil: i hope you are to avoid that kind of thing. but this doesn't sounds like the same hands off larry kudlow that i respected and admired all these decades. not long ago, you said early march, we're hanging by a toe natural on nafta. if we have to walk out of nafta, this steel thing turned from a a minor irrant to a major calamity for our economy and our stock market. make no doubt about that. i mentioned that because it sounds like the guy that you replaced worried about that same thing, gary cohn. ...

Specifically on blanket tariffs. there's ideas that certain countries like china might be subject of tariffs. but laying an across the board tariff is bad for a lot of reason. there are way, wa more people who work in industries that buy aluminum and steel in america than there are who work in industries that produce aluminum and steel. so when you talk about effects on jobs, i think there's fairly broad agreement even among a lot of democrats who would say, listen, what the president is doing here is not a great idea and we need to be more thoughtful in what's going on. >> dana: just talking ...

Standing in the trump versus kelly paradigm exposed for all to see this week. chief of staff kelly downgraded kushner's access to intelligence. why does that matter? if kushner can't get trump to sign a piece of paper to keep his intel access, how certain is he that he can get trump to help him keep his job. the intrigue does not mean that trump has been sitting idle. in fact, he pledged new blanket tariffs on imports. >> we're going to be instituting tariffs next week. we'll be signing. it'll be 25% for steel. it'll be 10% for aluminum. it'll be for a long period of time. >> a long period of ...

The intrigue does not mean that trump has been sitting idle. in fact he pledged new blanket tariffs on imports. >> we're going to be instituting tariffs next week. we'll be signing. it will be 25% for steel. it will be 10% for aluminum. and it will be for a long period of time. >> a long period of time. that's surprise announcement rattling the stock market, angering some allies. backdrop for this economic action was trump's other headaches and the report he is unglued came after hope hicks testimony to lawmakers. trump angry and gunning for a fight the sources say and he chose a trade war whi...