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$63 billion. american entities are paying that. distributors who deal in china. regardless, for the administration, it might offer some flexibility going forward. that's what they say. what do the panelists say? danielle, on whether this buffets the below enough. technically american entities pay that whether they passed that along to consumers. they tried to absorb as much as they can. september 1, a lot of consumer items, for the 10% tariffs. what do you think? >> is correct when the president says that he's collecting billions of dollars. that's true. but this money is going to the treasury...

Round of tariffs that kick in on $300 billion of goods, that will be felt been consumers directly. that happens on consumer items rather than industrial-related items. wanted to clarify that. governments don't pay this. you do one way or another. rich edson is at the white house on all of this. rich? >> good afternoon, neil. the president also saying that china has a lot to do before the united states would consider avoiding the tariffs the president is forecasting that he said he would put on $300 billion of chinese imports. he said he's willing to go higher on the tariff rates if china doesn...

The idea that all reality imports of counterfeit pirated products into the european union amount to around $121000000000.00 euros a year that represents the value of almost 7 percent of everything imported into the e.u. ripoffs includes shoes toys mobile phones music movies computer games the list goes on you've got to think about all the time and money spent on creating a certain look for the products the branding of consumer items is big business when someone copies them and creates a substandard version that can hurt the reputation of the original goods and cut into sales. the reason so muc...

Way -- or incentive to do what, what is the reasoning? because of the economic needs of people that have been impoverished or is it for -- you hope to in many ways encourage them to do entrepreneurship? be specific on what you envision this $1,000 would do? >> here in south carolina, if you can imagine every adult receiving 1,000 a month. it would grow the consumer economy of this state by about 14%. it would create tens of thousands of jobs right here in the communities. what would people spend the money on? tutoring for their kids and car repairs they've been putting off. the occasional nigh...

>> we have greater trade with mexico and we have a wider variety of trade with mexico. the thing with our -- with china than necklacmexico. if you take a look at what the proposed next action is, the forth list of items that may be subject to a 25% tariff that could go into sometime this fall, that's going to hit all consumer items, clothing, footwear, everything. we got a situation, when you have companies who are trying to make investment decisions, trying to decide where they're going to source, whether or not to build up u.s. capacity and if it makes sense, if they're reliant on inputs fro...