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That, my friends, gives us a trade surplus of $8.4 billion. >> boom. >> canada says it will impose retaliatory tariffs on u.s. goods july 1st. it remains to be seen what they will be. no doubt, u.s. exporters will feel the pain. the u.s. trade rep says the canada was the united states' largest goods export market last year. >> all right. thank you for that. cnbc is joining us. ron, here's the probm. you rember back in the day, before nafta, back in the day before the free trade agreement, you and i are old enough to remember the auto pact. >> yes. >> that was the deal that cars would be assemb...

Turn up the volume for this. facts. president trump has claimed the u.s. has a trade deficit with canada. for fact's sake, let's set the record straight. i know sean hannity and tucker carlson love to take our segments. here's one. according to the office of the u.s. trade representative, u.s. goods and services, because that's how you look at the whole number, boys, that trade with canada totaled $674 billion in 2017. now, when president trump says there's a trade deficit, it's only when it comes to goods. he's only looking at part of the numbers. the u.s. trade rep says the u.s. has a $17.5 ...

I think it will end up the tariffs off and the barriers down. >> earlier today at the white house, president trump met with republican lawmakers from states that have a levy agricultural economy to try to ease their concerns about this ongoing spat on trade between the u.s. and china, shepard. >> shepard: the president said he's considering more trade talks. >> this came out of left field. republican lawmakers said that the president has top his top trade rep and larry kudlow, his economic adviser to try to reenter negotiations the tpp, the trans pacific trade partnership. he said larry, go do...

When the united states was part of the transpacific partnership. today meeting with lawmakers and governors who represent states that have a big agricultural presence. who fear the impact of china, u.s. trade, trade war or tough trade relations. so what the president did according to senators who were there is instruct kudlow, his new director of the economic council and u.s. lighthouser, the u.s. trade rep, to get to work on reconfiguring a transpacific partnership as a way of bringing the u.s. and allies in a power bluff to try to counteract the economic force of china. this is a big move wh...

Would have given the united states a big footprint economically in the asia pacific region was a terrible mistake because it took away our leverage with china. what the president is doing right now is kind of engaging what i call almost 19th century economic policy which is to get us involved in a trade war which is not the way to deal with china and not in the best interests of our country. the frustration i have with this administration is they seem to be debating whether we want 19th or 20th century economy if you listen to their economic policies and how they approach the world. i mean, tr...