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Down, you can't lose, which to me sounds contradictly from what we've heard from the president's other people. >> look at the last line of his earlier tweet. >> that's not one. >> this is important as well. we're not in a trade war with chiena. that's a bit of peasantry as to whether you are in a trade war yet. but we cannot let this continue. that's the important bit. that's t bithat says i will take action. what he did, of course, what the u.s. did yesterday announcing its planned tariffs on ip theft, china predictably responded. when you and i were talking yesterday, we said, look, with thi...

It comes hours after new tariffs on $50 billion of chinese imports. the president warns this is the first of many. peter navarro, the director of the office of trade, was on erin burnet "out front." >> by cracking down on the ip theft and transfer, the outlook now of american corporations that have been stolen from by the chinese and going to china under burdensome and unfair conditions are brighter today than yesterday. >> that is the view from the white house. the view from wall street. the shares fell. dow plunged 700 points in response. biggest losers have significant exposure to china. ca...

Steel pipe and 120 other products from the united states. tariffs will not take effect until next month after the public weighs in. china says the move is a direct response to the decision to impose tariffs on steel and alumin aluminum. it comes after the tariffs on $50 billion of chinese imports. specifically. the president warns this is the first of many. peter navarro, director of the office of trade, an architect of the strategy for the president. he was on "erin burnett out front." >> by cracking down on china's ip theft and force transfer. the outlook of american corporations that have b...

Sanctions, we appreciate it. >> this is sort of businessman trump. this is what he does, he gets criticized for not having a coherent strategy towards china. what he does is he comes out really strong, and he hits china with everything. he goes through the litany of problems he sees they have, called them a currency manipulator. ip theft, et cetera. and then he backs off of it and in a way, the chinese can feel like they are getting a win here or he's meeting them in the middle. he goes really hard and any sort of backs often tried to get get what he really wants. what president trump really w...

Sanctions, we appreciate it. >> this is sort of businessman trump. this is what he does, he gets criticized for not having a coherent strategy towards china. what he does is he comes out really strong, and he hits china with everything. he goes through the litany of problems he sees they have, called them a currency manipulator. ip theft, et cetera. and then he backs off of it and in a way, the chinese can feel like they are getting a win here or he's meeting them in the middle. he goes really hard and any sort of backs often tried to get get what he really wants. what president trump really w...