Page 11 - Tariffs On News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Consumers. that being said there is an argument the president is trying to negotiate from a position of strength and show the chinese he is not afraid to have tariffs on. and so perhaps he has more negotiating leverage and strength than any other president has had and maybe he will drive a better bargain. if the result is lower tariffs. the president said that's what he is fofrment and more free trade. i'm be happy it happened. if it devolves into a trade war i'm saying we shouldn't have done this. that's where i am at this point. >> sandra: very interesting. as far as russian tensions, they c...

Trade war is in fact, working would the president's critics give him credit for that, here to discuss senior portfolio manager rick -- i'm sorry, alan. >> that's fine. rob: i want to bring up information on the screen here about this trade war, it's about $250 billion is what the penalty we put on china is and u.s. consumers of that 250 billion are only going to feel the burden of 4.5% of that and 25% goes on chinese who are going to feel the impact of that and you say that that's because the perfect goods have been chosen by the americans to put tariffs on, explain that to us. >> the governme...

>> quite the contrary. they are a great negotiating tactic. the president is clear, he wants free and fair trade but if we don't get that, he was going to put tariffs on. there is no question whether it was mexico, canada, the e.u., or china, this is very effective in negotiating better deals. >> john: he said he will use this deal as a template for other deals that he wants to craft with the european union and with japan. can you apply the same rules to them as has worked here? >> many of the same issues, absolutely. as i said, these are multiple areas where we have made a lot of progress on ...

Procedure that the ustr went under, when they're deciding what to put tariffs on, one of the things they had an eye on was how much does it harm the u.s. consumer? and i think that you would have to agree that u.s. markets are doing fine. u.s. gdp growth is very high. and even u.s. inflation doesn't seem out of control because those tariffs so far have been very well targeted. i think the hope is that china comes to the table and that we can move toward free and reciprocal trade. president trump endorsed zero/zero as a long-run objective. i think that's what aei kevin would agree with your que...

Partners racing toward economic suicide over tariffs. politically, it is no accidents that china is picking on farmers. >> from ceample fields to beijing markets a prolonged trade war represents most. >> china represents a billion-dollar market for us. >> buys 30% of the pecans grown in the united states. >> the big worry right now is what happens if we are in a prolonged dispute. >> at a recent california food expo the trump trade war took center stage. china is the state's third largest export market. >> you name it. we grow it here. since april china slapped new tariffs on. 45% on pistachio...