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The united states, canada and mexico, wouldn't tariffs muddy the water of a deal that has yet to be ratified? >> well, it's very strange because only two weeks ago, the trump administration removed tariffs on steel and aluminum coming in from mexico and canada which seemed to be a good step forward to replacing nafta. now, of course, by muddying the waters as you rightly put it, by talking about imposition of tariffs, anything up to 25% on mexico, this, of course, really starts to i think call into great dispute whether, indeed, the administration can get the replacement for nafta, which was, ...

I think president trump is doing exactly the right thing. i think it is going to generate very positive results which will grow our american economy. it will help grow china's economy. it will help grow the world economy. >> i'm not taking issue with the idea that china is the root of the problem here. president trump is doing something where previous presidents haven't. the question is whether the threat is the right approach. just in the last couple of months you said the tariffs were prosperity killers. you wrote an op-ed tariffs are tax hikes. wouldn't tariffs if president trump pulled the...

Really tax hikes. wouldn't tariffs if president trump actually pulled the trigger be a huge mistake? >> no. by the way, we didn't like the blanket tariffs. we didn't like the blanket tariffs which would hurt our allies as much as or more as our enemies. >> you would support it if the president pulled the trigger on the hundreds of billions of dollars against china? >> yes, i would. >> you would? >> i absolutely would. no free guy disagrees on this subject. the guild, the brethren of the economics profession have all agreed that something has to be done. >> is that true? >> first of all, the br...