Page 6 - Don Bourbon News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> i think what he's talking about is we have a big trade deficit with the rest of the world. our cumulative deficit equals the cumulative surplus of the rest of the world. they, therefore, have much more at risk in a trade war than we do. that's what i believe he was meaning to say. >> but is that the case? you slap this on steel, there are more jobs in this country based on using steel to make a product versus the number of jobs you may save in the steel industry itself. >> sure, but that makes an implicit assumption that's false. and the false assumption is that just because there are more ...

We want a fair deal. we want reciprocal trade. >>chris: if i may ask the question now. that may be your argument but the european union for instance doesn't believe it. they say they've already assembled a package of tariffs. 25 percent tariffs on three and have billion dollars of u.s. exports. the head of the european commission said this, we will put tariffs on harley-davidson. on bourbon and on blue jeans. levi's. question, is he bluffing? >> they already have tariffs on them. if you go to india, there's been hundred percent tariff on our harleys. >>chris: i'm asking about the european unio...

We want a fair deal. we want reciprocal trade. >>chris: if i may ask the question now. that may be your argument but the european union for instance doesn't believe it. they say they've already assembled a package of tariffs. 25 percent tariffs on three and have billion dollars of u.s. exports. the head of the european commission said this, we will put tariffs on harley-davidson. on bourbon and on blue jeans. levi's. question, is he bluffing? >> they already have tariffs on them. if you go to india, there's been hundred percent tariff on our harleys. >>chris: i'm asking about the european unio...