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By 19, the nasdaq adding 49 points. the wall street journal report says the treasury secretary steve mnuchin was considering lowering tariffs on chinese goods as trade negotiations continue. the report exploding the idea although it was receiving pushback from robert lightheiser who said any concession would be seen as a sign of weakness but now spokesperson for the trade team dismissing the article completely. here's what the spokesperson said, quote, neither steve mnuchin nor ambassador lightheiser have made any recommendations with respect to tariffs or other parts of the negotiating missio...

Trump administration is setting the record straight on trade talks. >> reporter: we did see wall street reacting positively to a wall street journal report. here are the closing numbers, the dow up by 162, the s&p up by 19, nasdaq up by 49. this after a report said the us could consider lowering tariffs on chinese goods as both countries continue trade negotiations, that idea floated by treasury secretary steve mnuchin according to the article but there was some pushback from robert lightheiser, us trade representative but a spokesperson confirming neither secretary steve mnuchin nor ambassado...

Government is planning to roll back tariffs on american cars. that's according to a source familiar with the conversation with the top chinese official and u.s. trade reps. right now there's a 40% tax on vehicles in the united states. the source says the chinese officials are bring the tax back down to 15%. that source spoke to blake burman that is live from the white house. what else are they telling you? >> there was a phone call last night with three of the major players, robert lightheiser and steve mnuchin. according to a source familiar with that call, i'm told that china talked about pu...

He said tariffs. if we don't make a deal, i'll put the $200 billion. it is $267 billion in tariffs -- okay. what he means is tariffs. >> you need to translate that. >> this is the president calling the shots himself making very big threats. we heard from robert lightheiser who said the chinese have not made any meaningful offers. how is there a chance for bre breakthrough? >> there are divisions, christine. i think he cannot come back empty handed with the michael cohen swirling. he at least has to have a good atmosphere and nice dinner and photo op. more than that, the two leaders have to agr...

It could happen. the u.s. warning canada it is running out of time. >> i think that canada would like to be in the agreement. i think the u.s. would like them to be in the agreement. there's still a fair amount of distance between us. there are large issues. i think canada wants to do it. i know we want to do it. we'll see if it happens. we're sort of running out of time. >> this is a rare public comment from u.s. trade representative robert lightheiser noting distance between the u.s. and canada on key issues like how to settle trade disputes and u.s. access to canada's dairy market. the whit...