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Cathedral in a daring plot. making off with jewels belonging to former monarchs. they were taken from the cathedral west of stockholm. they were stolen from the motor boat. the items stolen were part of the funeral regalia from the king and queen. it pales in comparison to the swedish culture history. president trump ratcheting up the pressure on the trade war on china. stock futures pointing to loses this morning. global markets dropping. u.s. stocks finished mixed. jobs reports on friday could bring fresh relief. u.s. trade rep will consider raisi raising tariffs from 10% to 25%. both u.s....

Tariffs, zero non-tariff barriers and no subsidies. i think we'll get there, at least a great distance. >> bill: why do you think that? the headline out of china today, chinese shares tumbled the most in a month on thursday meaning today after president trump instructed his trade rep to go for $200 billion more. are you saying that we're squeezing beijing into a deal? >> i think that's true. china is very vulnerable to the u.s. economy. they've had huge growth rates for 50 years, bill, way higher than any other major country in the world economy and even with all of that, their gdp per adult i...

And vaughn something that happened on the hill this morning. senator jack reed in an appropriations hearing quizzing ambassador robert lighthizer, u.s. trade rep, during a senate hearing about whether canada should have been hit with these tariffs under the national security provision of the trade law, as it was, which as you know was terribly offensive to the canadian government. let's watch. >> is canada a national security threat to the united states, justifying this? yes or no? >> in the case of steel, yes, absolutely, because of the nature of the program. nobody is declaring war on canada...

And u.s. trade rep. tariffs mean when u.s. companies import chinese goods, they have to pay the government. the u.s. is targeting 1,300 items. aerospace equipment and tech and manufacturing and medical supplies. the white house is moving ahead despite multiple rounds of trade talks with beijing. the recent summit is looking at tariffs on items from canada and mexico is of concern. this fulfills trump's goal of cutting the trade deficit with china. his previous economic adviser gary cohn stated this. >> i have always said a trade deficit doesn't matter. in many respects, it is helpful to our ec...

Escalating trade tensions with the two largest economies. sources say the president gave the green light after meeting with the top economic officials. commerce secretary and u.s. trade rep. when u.s. companies import chinese goods, they have to pay the government. it will be tariffs on aerospace equipment and tech and manufacturing and medical supplies. the u.s. is moving ahead despite the trade talks with beijing and summit with north korea. this fulfills the goal of trying to cut the trade deficit with china. the previous economic adviser is contradicting his former boss with trade deficits...