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The european union. they understood this was wrong. they had barriers. they would sell their cars, we couldn't sell cars to them. they would tax us, but we would tax them far less. by the way, i'll give you one example. because it really works. when we build a car and sell it to china, they charge us a tariff of 25%. when they build a car and sell it into the united states, we charge them a tariff of 2.5%. by the way, they don't pay them.we get 2.5% and they get 25%. other than that it's a very fair deal. does that sound fair to you? i say where the hell have our people be. honestly, i don't t...

Now, on the european side, my question is, do the europeans get it yet? because they didn't believe that trump would pull out of the paris climate change agreement. they didn't believe he was going to pull out of the iran deal. they didn't believe he was going to put tariffs on. so if i were sitting in brussels, i would be coming to washington with something to offer trump, whether it's a loosening of i don't know, agricultural tariffs. paul: no, that is not going to work. car tariffs it's got to be. it's got to be on automobiles, and it's got to be at a minimum it would seem to me essentially...

Now, on the european side, my question is, do the europeans get it yet? because they didn't believe that trump would pull out of the paris climate change agreement. they didn't believe he was going to pull out of the iran deal. they didn't believe he was going to put tariffs on. so if i were sitting in brussels, i would be coming to washington with something to offer trump, whether it's a loosening of i don't know, agricultural tariffs. paul: no, that is not going to work. car tariffs it's got to be. it's got to be on automobiles, and it's got to be at a minimum it would seem to me essentially...

Market with cheap products americans are sending all of their money abroad that's a net outflow the value from the u.s. the stock market today more or less shrugged off the comments the tariffs on implemented yet and also we had earnings season which is kind of crowded out some of this noise that we've been hearing but make no mistake that is papering over the cracks because when we do if i should say we do see these tariffs implemented then we will see a severe reaction on the stock market and the dollar dips today yes absolutely severely you could say so if president trump were to go the ful...

Don't we need china to get north korea to denuclearize? >> $200 billion worth of goods, 90-day public comment period, trying to bring china to the table to further pressure north korea to the table to denuclearize, you would think you would want them on your side. the president made a comment saying that he hoped that china was not influencing the north koreans, taking a more belligerent tone toward the united states. which it has. china could sink this whole thing tomorrow with respect to north korea in retaliation for these tariffs. remember, china can only put tariffs on so much in the way ...