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>> he came to see me, i said justin, he said no, no, we have no trade deficit with you. we have none. donald, please, nice guy, good-looking guy comes in. donald, we have no trade problem, because you know everyone is getting killed. i said justin, you knew. i didn't even know. josh, i had no idea. i said you're wrong. you know why? because we're so stupid. [ laughter ] and i thought that was smart. >> the president is saying i didn't know, i had no idea. but i just said you're wrong. in order, he didn't know the facts so he made them up. keeping him honest, it's not like talk trade with the p...

We are, you know, 30 years later and one device they've had in protection after another, and it's still the same old story. now, we have a huge trade problem in this country. an 800 billion trade deficit is not anything to ignore. we have had a trade deficit for 43 years running, and if you want to know the truth, it adds up to 19 trillion of trade deficits over the last four decades. but steel is the least of our problem. the steel trade deficit is about 20 billion, which is 2%, and the argument that we need this for national defense is actually ludicrous. we produce 82 million tons of steel ...

I don't think that the trade problem is anything other than bad trade deals with countries, which i hope is what trump is focusing on. >> trish: so bad trade deals with countries. >> yes. >> trish: and there's examples of that? >> yes. tppf was a big problem. i think also nafta has many provisions that make it very unfair and incorrect and not really free trade. the tppf, japanese nontariff were excluded. they shouldn't be executed. they put in all sorts of social issues -- >> trish: the intellectual property. >> want to make sure we have intellectual rights but we don't. would you have to wor...

Discussion with them about their expectations for an outcome, our expectations. i don't think we really scratched the surface. i think sending tweets in the dead of night or making statements that somehow if they take care of that north korea thing we'll somehow take care of the trade problem, i don't think it is a serious dialogue. i think we should have someone there in beijing sitting with the chinese and going over precisely what we are expecting and what they are expecting. and i don't think we have had that kind of discussion. i think that's where the diplomacy should be. as for the russ...

Optically, it's a great deal and for the workers that are going to be able to keep their jobs and to keep the ancillary impact, the economic impact. when this was first announced, the state said they were going to lose $100 million in economic impact by the loss of those thousand jobs. that was back in february and the whole trade problem and bad trade deals and the average worker at carrier makes about 24 to $26 an hour and the jobs were going to mexico and they were going to be $23 less than what a carrier worker makes in america. >> it's interesting, because martin savidge mentioned this, s...