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Aside. i was in iowa and onsin, there are tens of thousands of farmers and folks in the ag community deeply concerned about the president's trade or the protectionism and the tariffs. i was in texas last week, same thing there. good policy, usually, is good politics. well, tariffs are both bad policy and bad politics for this administration. we're going to make our case to the american people and especially to rank and file conservatives and republicans because it is important that they're hearing the other side about the good benefits of free trade, that it brings to people, lower consumer pr...

Eerily similar to what george w. bush and his team was saying a decade and a half ago to support steel tariffs that they were putting up. you know that. cnn covered it. it did not work. it did help the steel industry 13, 14 years ago. these tariffs, it simply propped up what was an ailing difficult economic situation. it is not going to work now. tariffs don't work. they simply have government at that point picking winners and losers and we are -- our argument would be whether it is democrats or republicans, it doesn't work to have politicians sitting in washington, picking winners and losers,...

Coming out. you find out they planned the summit, then canceled, then back on. how much of a role did the president canceling the meeting play in terms of a negotiating tool? >> well, look, i think we forget that these things are usually done from the bottom up, right? negotiators meet for weeks and months and then the leaders get together after the communique is agreed to and they sign on the dotted line. now you see this, the president trying to do it from the top down. just working with kim jong-un to get together in a deal. i think over these weeks, the president realized the kind of nucle...

That impacts you and the family most. tax policy makes a huge difference. bringing larry kudlow on board, i know him well and understand his economic policy. he's all pro growth, low taxes, low taxes. >> except for the tariffs. >> no. larry is against the tariffs and he wouldn't have signed on if he didn't think that that was about bargaining. i think he thinks that is a -- >> he's been an aggressive defender of the tariffs. >> it's as a negotiating tool. i don't think that he would abide by these things going into it. if you're not -- if the other side doesn't think you'll follow-through, it ...

One tweet. one step at a time. we're playing against people who are thinking much more strategically. >> stick with us. we will have many more questions for you. president trump says there is no trade war with china. are the tariffs just a negotiating tool? we discuss that is and more next. here you go little guy.