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Reelection. he's pushing these ideas to have something ready to go in the fall if the economy shows science of potentially slowing down the growth he's enjoyed in his first two years in office. >> sarah, on top of the president's growing trade war with china, he's also now considering tariffs on european goods. we're talking about cheese and olive oil in the mix. >> reporter: that's right. he's considering tariffs of up to 100% on $25 billion worth of goods from europe that would affect things like cheese, like olive oil, very popular products in the u.s. in would add more uncertainty to the e...

Economy moving forward in 2020. i think the best thing the president to do to calm markets and also make investors feel better is ceasing and desisting from this multi--front trade war. i just met with two ceos of mid-size manufacturers who are alarmed. this is costing them tens of millions of dollars. it brings about great are uncertainty, unprevious districtability. they can't plan. it's affecting them very negatively. the usmca, this is an incremental change to nafta. the passing of that uncertain at best, probably unlikely. picking on jay powell, he is not the problem. i think the presiden...

He wants to punish them for what? this trade issue is driving this uncertainty and the pred could correct that tomorrow. >> but expressing alarm to the extent they will no longer support this president for a reelection bid? >> well, some of them i think just want stability. many of them would say they like the tax rebut these trade wars are simply washing away or negating, i should say, the beneficial affect but the trade issue is alarming. they couldn't vote for elizabeth warren or bernie sanders but they probably could vote for a joe biden. >> you know, to and a on as