Page 7 - Trade Problems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Could this be something potentially that could benefit the u.k., help them through this? clearly, i'm not saying any sort of deal with the u.k. could replace china and our trade back and forth, but could this be something to look for in these meetings in the days ahead? >> i would expect to hear some of that too. the president, i'll tell you, is under a lot of pressure from congress to limit these trade wars to china. they say, look, we're going to back you on china, a lot of support in congress for that because they know how bad the problem's been. there was very little appetite for trade pro...

David: steve, let me talk about what deirdre calls the drop the mic moment or grab the mic moment. the president did indeed grab it from powell, but let's go through the sequence of eevents and by the way, investors love conspiracy theories. i'm going to preface this, this is a conspiracy theory. early on friday you had powell coming out and saying the only thing to get us to lower rates would be more problems with china and then you had the tweets from the president that obviously would create more trade problems with china. do you think the president was trying to force powell's hand or forc...

Comes and says i really basically want to do by letras this is a discreet guide for the g. 7 for mitt because he says i don't care about much letter it isn't i don't care about the 7 i am here the president of the united states and i want to talk to individual people ok money will mccall nonetheless get something done in spite of the bilateral sobig going on led by the u.s. president yes he's very eager he's very focused he has been preparing a lot what he wants to achieve and actually they've been negotiating for a whole year it's not that the only have the summit and suddenly need to read to...

Of the trade problems. he did tweet at the president xi yesterday. he tweeted i know president xi of china very well. is he a great leader who very much has respect of his people. is he also a good man in a tough business. i have zero doubt that if president xi wants to quickly and humanely solve the hong kong problem, he can do it. personal meeting? so he is asking to meet face to face? >> the chinese have not responded directly to that tweet and an offer of a meeting face to face. what they are doing is retaliating for the tariffs which will be imposed on september the 1st. they are playing ...

>> neil: all right. i want to go to art laffer. ronald reagan the point man on big tax cuts. we here byron wien saying we'll see things slowing down and the president and the timing could be tough. what do you think? >> i think byron wien has had the best very view you've had in a long, long time. he was dead on. he said the stock market is the president's indicator of success. he said -- he doesn't see any reason for this being a big problem and i don't either. i think he's right. my fear, neil and we had this conversation in 2007, 2008 and a number of times, my fear is in government panics a...