Page 19 - Trade Gap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And our hope is that this has been brinksmanship and that cooler heads will prevail. all we know right now, the threats made and promises made as far as tariffs, and we've got to plan for the worst and hope to tell our story. neil: i hope it ends up being a good story, brian duncan, you make more sense in about five minutes than a lot of those wall streeters i talk to. thank you very much. be well. i hope it all works out. >> well, thank you for the opportunity, neil. i really appreciate it. neil: thank you, brian duncan, giving us the read of the farmer in an important community. now the read...

Playing out against the backdrop of what is happening on wall street. president trump saying this morning, listen, there is going to be a little pain in the process of cutting the trade gap with china. the country will be stronger for it. investors who before last night were maybe hoping that the trade war might be avoided, well, they heard something different from the president this morning on the heels of him threatening an additional $100 billion in u.s. tariffs. cnn's jeff zeleny joins us from the white house with the latest. jeff, good morning. >> reporter: good morning, erica. no doubt p...

This covers a lot of ground. the president has taken this initiative. you ought to give it some time, neil. don't -- >> neil: so you think in a couple months before this would take effect that you can have a deal scored by then? is the goal here as the president said, to shave $100 bill off of our trade gap? he said it's around a half a trillion. others say 350 to 400. is that to prove that the chinese are making an effort to make it right? >> i think the goal is to open markets and lower barriers and stop poaching intellectual property rights and technologies from american companies. that's w...

Chips. whether that would be enough to alleviate the trade gap between the two countries, which is a huge chasm is anyone's guess. if the chinese are looking at trade moves, it could be an enormous victory for the president and for the financial community. keep in mind, after last week's drubbing, one of the worst we've seen on a weekly basis in a couple years, stocks were coming back across the board. even facebook. it was down at its worst today more than 5%. it essentially paired the losses. what it means, that by day's end, it was up enough to avert what had been about $100 billion in mark...

American products. many see a white house without gary cohn, equalling president trump going faster and further into what some call trade protectionist policies. it may reinforce the president's view. if you look at the trade gap, it widened to the largest level in more than nine years. so trish, american is importing more than its exporting. most economists are comfortable with that. we consume more than we produce relative to the rest of the world. the president has been very vocal about why to reduce the trade deficit. he sees the current tariff plan as one of the best ways to do it. when a...