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Reduced some other tariffs in exchange, the chinese would buy more u.s. agriculture products. if the u.s. has put tariffs on hundreds of billions of dollars of chinese imports. the administration was getting close to a big deal with china. we are getting some reaction from capitol hill, marco rubio the republican of florida tweeted the white house should consider the risk that a near term deal with china would give away the tariff leverage needed for a broader agreement on the issues that matter the most such as subsidies, forced tech transfers and blocking u.s. firms access to key sectors. if...

Every time there's positive news in the trade war, the dow is in the green, the s&p 500 jumps up, it rises, it soars. but every time there's bad news, then it drops back down. this week, of course, there's progress, a breakthrough, a mini deal. of course, when it comes to the dow and s&p 500, those were all in the green, all positive. >> how does it help farmers and the manufacturing industry? >> this is very concerning to president trump. a lot of the farmers are in swing states. when it comes to his 2020 re-election bid, he wants to make sure those voters are on his side. that's what we're g...

Four weeks. the main reason why so far we haven't signed a deal has not been resolved. >> a lot of deadlines there. is there any chance china would go back on its word? >> yes. that's the thing. the stock market is aware of that. the ceos of the biggest companies are aware of that. we're close to getting a deal, close to getting it signed. then there's a reversal and escalation in tariffs again. china, it is possible, they could still retract. we'll see what happens. >> sib aisle, the president is not looking for an interim agreement. he said they'll work out the deal in phases now. what's the...

If anything, they will delay the progress of tariffs, start removing the tariffs. jillian: if the ink is dry on phase 1, what is steve mnuchin looking at for phase 2? >> probably going deeper into the intellectual property issue, tech transfers and other requirements. they are doing it piecemeal. it is not just intellectual property and phase i. it is intellectual property throughout all phases. the question is what parts? is it a complicated matter? it seems the agricultural purchases china is agreeing to our in phase 1. phase 2 and phase 3 will get more difficult. this could be a harder nego...

Not raising the tariffs higher. do you believe that? >> you know what? it's hard to understand what president trump's strategy is when it comes to a trade war with china. now, that's what president trump wants, ultimately, he wants china to cave into the pressure he is putting by ratcheting up tariffs and wants them to sign a deal. the issues on the table are serious. and there's many companies that agree with president trump when it comes to addressing unfair trade practices that china has put in place. other issues, just manipulating the currency, that gives china unfair advantages. also, th...