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Him, it's on these issues. >> gene, he's going back to steve bannon country. this is economic nationalism, ethnic nationalism if you will, certainly on the big three we just talkeds about, stupid wars, china and immigration, it's pure trump. >> it is. in terms of management style, he's starting to run the white house the way he ran the trump organization which is basically a one-man show. now i don't think you can run the united states of america like that but he seems determined to try. >> and what can go wrong? well just these core issues can backfire on him, if you look at the trade issue, ...

As you know it's tax cuts, deregulation, unleashing our energy sector, and rebalancing our trade. and the trade issue, erin, as you know, is a big issue. when we run a $500 billion trade deficit with the rest of the world, that basically means we're shipping our factories overseas and on the order of three or four million jobs that are there instead of here. so, this is a growth plan the president is pursuing and i think that's the mission and that's what's going on today. >> you know, and look, you always make a good case, peter. but many would call tariff threats and a possible trade wars th...

Which is real to you? >> neil, good to be on with you again. on the trade issue, i agree with a lot of the comments that you just got. the market -- the stock market we acted with throw the baby out with the bath water based on the chinese tariffs. the reality is, nothing has been put in place. what you're looking at is leverage. trump and his administration are looking at negotiating. that doesn't mean they can't happen and if they do, the problem is areas like soy beans and agriculture where those products are not that distinguishable from products from other countries. like you mentioned so...

Joining me now, an associate editor of ftn's global political analyst. and now the chairman and ceo of willard advisors. steve, at the risk of agreeing with donald trump, not on that boast. >> the boast isn't true as you know. >> on the trade issue, isn't it right that china has basically been a cheater in a global trade system and taking advantage of the open trading system? >> it is absolutely right and it is something that people say, and it's been surprising to me in the last week or so since all this started how many people say, you know, i don't like the way trump does it and this and th...

Global business columnist, and steve ratner who was president obama's car czar and is chairman and ceo of willett advisers. steve, at the risk of agreeing with donald trump, not on that boast -- >> it isn't true as you know. >> on the trade issue, isn't it right that china has basically been a cheater and taking advantage of the open trading system? >> it is absolutely right and something that people say and it's been surprising to me in the last week or so since all this started how many people say i don't like the way trump does it and this and that, but he's not wrong. i've spent a lot of t...