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Well-conceived economic policy that the united states has pursued since the period before the great depression. >> so why even start these tariff wars? >> don't blame the administration. don't blame japan. don't blame europe. blame china. >> well, china is a trade cheat that breaks the rules and bends others, as i have often said. these are problems. but trump's tariffs are not the answers. in mid june, the united states announced tariffs on $50 billion worth of chinese imports. the overwhelming majority of them were on what's known as intermediate goods. in other words, parts for things like ...

>> this is the least well-conceived economic policy that the united states has pursued since the period before the great depression. >> so why even start these tariff wars? >> don't blame the administration. don't blame japan. don't blame europe. blame china. >> well, china is a trade cheat that breaks the rules and bends others, as i have often said. these are problems. but trump's tariffs are not the answers. in mid june, the united states announced tariffs on $50 billion worth of chinese imports. the overwhelming majority of them were on what's known as intermediate goods. in other words, p...

Wouldn't the best way to do this if you were to -- if you were to -- and i think many people agree with mohammed that china is the greatest outlier in a sense, it has taken advantage of the trading system in egregious ways, i've described them as a trade cheat fundamentally. wouldn't you want to use the europeans as your allies, forge a common position with them, the canadians, the japanese, all of whom have the same grievances, instead the trump administration almost began this by alienating all the allies with a steel tariff against the europeans. >> yes. first of all, i would agree complete...

Donellin. and the president's secretary of state is a general, as are two others. i'll talk to another four-star general, mike mullen. also known for weed and prison reform. why the dutch have closed up many prisons and may shutter many more. but first here's my take. amidst the noise and turmoil coming out of the white house this week, including the crazy tweets about amazon and mexico, let's be honest. on one big fundamental point, donald trump is right. china is a trade cheat. many of the administration's economic documents have been sketchy and amateurish, but the u.s. trade reports th...

Russian sanctions. and ed is looking at the markets. >> the president promised over and over to get tough on china. there could be real economic costs as we saw with the markets today. the president did a radio interview and said the talk of a trade war is silly. in many ways, we already lost the war. china's cheating has been ignored but republicans and democrats and killed millions of jobs and now we're stuck with a $500 billion trade deficit. and today t"the washington post acknowledged that china is a trade cheat. they worked with the system and tried to get allies on board with limited re...