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Aren't willing to fix something they claim to want to champion day after day. >> larry kudlow and the commerce secretary wilbur ross said negotiations are the most likely way that e tra dispute is going to be resolved. does the president agree with that or ds he, in fact, intend to put tariffs on the table, make them real and they are not real yet and then see what happens? >> we're going through the review period. we're very lucky that we have the best negotiator at the table in the president. and we're going to go through that process. it will be a couple of months before tariffs on either s...

Despite the president's exact opposite comments yesterday about pulling them out of the war-torn country. and the wh and the white house is remaining mum on a new report from the washington post that mueller was preparing a report about the president's action in office and potential obstruction of justice. i want to talk about the tariffs with china. let me walk over here and i could show you what we're talking about. china has said that it is going to slap about -- tariffs on about $50 billion worth of american goods to match trump's tariffs. now trump said he's doing it because of the trad...

>> and these tariffs will take effect. >> i'm not going to get ahead of the process. we're in the review process right now. but certainly we expect china to make changes and stop the unfair trade practices that they've participated in for decades. >> the tariffs will take affect -- >> again i'm not going to get ahead of the review process. but i would anticipate that if there are no changes to the behavior of china and they don't stop the unfair trade practices, then we would move forward. >> in the meantime, this is all taking places in wild swings in the stock market which represents billion...

And hit trump counties. joining us with the latest in the white house is nbc news kelly o'donnell. kelly, we're still waiting for that white house press briefing to get underway. but in the meantime, a lot for the trump white house to talk about. first and foremost do seem to be the tariffs and a growing potential trade war with china. >> reporter: well, ali, we have a chance to talk with larry kudlow, who is coming into the white house as the new director of the national economic council. and in talking with him today one of the things want -- he wanted to point out is there is not an immedia...

Volatility we have seen in the stock market, something the president often liked to tout when the numbers were going up. kudlow said he acknowledges the anxiety that investors have, especially individuals or people worried about retirement plans but believes there will be again that stabilizing coming forward. so he was reluctant to engage on the sort of language of trade war. but more trying to say thiis about taking action against china which has long been a bad actor as one of the terms he would use on some of the issues and trying to leverage what the president can to bring about a better ...