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Trade situation. i think the president did a great job. we stopped doing the regulatory burden. we have a fair attack system, and the whole trade war has injected a huge dose of uncertainty and instability. senator johnson blamed white house trade adviser peter navarro for the whole thing. he said, i don t think peter navarro understands the instability of what he promotes and what his trade war is injecting into the economy. senator johnson said. and so for republican senators who are brave enough to float warnings about the trade war, it is peter navarro s trade war suddenly. a person most americans have never heard of. it is donald trump s trade war, but by this time next year, for political survival, who knows how much republicans running for reelection to house represent tic tichrepresenttives in the representatives in the senate might have to break with the ....
It s the tariffs, stupid. the republican party has always been the anti-tariff party. republican senators have always been in favor of free trade agreements, until donald trump. donald trump changed all of that. but with an election year approaching, republicans are getting increasingly worried about the tariffs that they would be attacking if they had been imposed by anyone other than donald trump. pennsylvania republican senator pat toomey tells politico, there s no question that trade uncertainty is contributing to the slow down. we re in a very good place. the danger is where are we going to be a year from now, if concerns about trade continue to be an irritant to growth. that is as brave as republican senators get at the moment in trying to float the warning to president trump about the tariffs. but pat toomey is not the only one. wisconsin senator ron johnson told politico, the biggest risk to the economy is the whole trade situation. ....
bret: china plays a vicious game, there is a talk scheduled the day at a different level. this is having a tremendous impact on china, i don t know if it s having an impact on us, i don t think so. bret: president trump as the dow seemed to like with the president said today about the trade situation. this goes up and down and up and down as the talks continue. i think it also liked what china said today, indicating talks would go forward. that was the question earlier this month, there was a question as to whether the talks would continue at all and there was more escalation over the weekend and de-escalation and we seem to be in a bit of a de-escalation ....
The role also called it a, quote, constitutional outrage. the harshest comments have been made by john major who compared johnson to king to king charles the 1st who also did that and was later beheaded before the civil war. how are these latest moves from london affecting global markets? ayman, would you believe they re one of the drivers this morning. quite a substantial deal when you think about the harsh language coming out from boris johnson s critics after he made that decision to suspend parliament yesterday. i want to go to one of the key drivers before brexit, the trade situation. european markets are trading higher today and u.s. futures ....
What is china to make of what has been a roller coaster past few days in comments regarding this trade situation? this has become a tit for tat. and it s like a roller coaster ride that never ends. and right now, it s really who has more muscle. who can impact the other more aggressively? and that s why the president. and we know the way he bargains and communicates via twitter and otherwise is he likes to bully you kind of into submission. and where we are right now with china is the wheels are coming off the bus. and when i mean the wheels are coming off the bus, it s not just threats potentially for recession here in the united states, but what we re seeing around the global economy, we saw it in germany, their economy contracts for the first time in a very, very long time. two quarters of contraction is a sign of recession. in mexico, they just cut rates for the first time in five years. the bank of england just signaled the other day that with the way brexit is going, they ....