i'd like to ask bob lighthizer to say a few things about the 301 and where we are in that negotiation. we're doing things for this country that should have been done for many, many years. we've had this abuse by many other countries and groups of countries that were put together in order to take advantage of the united states and we don't want that to happen. we're not going to let that happen. it's probably one of the reasons why i was elected. maybe one of the main reasons. but we're not going to let that happen. we have right now an $800 billion trade deficit with the world. so think of that. so let's say we have $500 billion to $375 billion but let's say we have $500 billion with china but we have $800 total with the world, that would mean that china is more than half. so we're going to get it taken care of. and frankly it's going to make us a much stronger, much richer nation. the word is reciprocal. that's the word i want everyone to remember. we want reciprocal, mirror. some people call it a mirror tariff. or a mirror tax. just use the word reciprocal. if they charge us, we cha

with south korea, according to bob lighthizer and secretary ross, is close to finished and we're going to have a wonderful deal with a wonderful allied. -- a wonderful allied. we are getting close to it. it was causing problems in terms of him clement and other things. i would ask secretary ross to do a few things -- say a few words about that kid and then we are going to get to this ridiculous situation at took place over the last week. secretary ross? sec. ross: thank you mr. president. we believe we are relatively close to a pretty comprehensive resolution with the south korean government. it would encompass, if it goes s andgh, both the 232' broader trade issues. we hope by sometime next week to have a real announcement. thank you, wilbur, i appreciate it. last time we negotiated something like this, and as you know it has been a problem for our country, they get together and they create a series of documents that nobody has been able to read because it was just done. you tell me, who can read that quickly? last eight years, deep defense cuts have undermined our national security.

bob lighthizer the u.s. trade rep is a very significant and substantive player.s is one -- this is the few areas in trump world where all of the noise notwithstanding, they're doing what he -- the president set out to do when he took office. >> they just didn't line up -- i still don't understand how the president wasn't flanked by the red state democrats and turned it into a bipartisan victory that would have been good for trump but not for the republican party, that is the problem with this presidency. you can't do the coordination and the discipline necessary to line up the red state democrats and the republicans. >> sherrod brown would be there at the white house with him. >> big things are hard and that takes lead time and planning and coordination and they don't have the ability to do that right now. for a variety of reasons. >> they could have had bob kasie of pennsylvania and sherrod brown, they could have had the democratic candidate in the special election come to the white house. >> at 9:00 this morning, we couldn't get a firm answer on what was going

and the deal with south korea, according to secretary ross and bob lighthizer, is very close to being finished. and we're going to have a wonderful deal with a wonderful ally. we're getting very close to it. it was a deal that was causing a lot of problems for our country, in terms of employment and in terms of lots of other things. i might ask secretary ross to just say a few words about that. and then we're going to get on to this ridiculous situation that took place over the last week. so, secretary ross. secretary ross: thank you, mr. president. we believe we are relatively close to a pretty comprehensive resolution with the south korean government. it will encompass, if it goes through, both the 232s and broader trade issues. and we hope by sometime next week to be able to have a real announcement. president trump: thank you very much, wilbur. i appreciate it. the last time we negotiated something like this -- and as you know, it's always been a problem for our country. they get together and they create a series of documents that nobody has been able to read because it was just d

he says his trade ambassador bob lighthizer, will be leading those talks with countries who want exemptions from very strict tariffs. 25% for steel and 10% for aluminum you saw ambassador lighthizer on the side of the president, on the left side, with the administration officials who supported this policy, secretary mnuchin of the treasury, was ambivalent about this a few weeks ago. in the back, the press pool notes that gary cohn, outgoing national economic counsel director as well as jared kushner were talking quietly in the back kushner just returning from a trip to mexico this week where he met with high-level government officials this was one of the topics, as well as nafta. the president interestingly, this is going to be a comment the market hangs on, the president says, i have a feeling we're going to make a dealon nafta. certainly that is the very high stake for those exemptions to be permanent for those countries. we'll see exactly what he wants from them in the coming days and weeks. >> thank you very much, kayla. yeah, i had the same observation that that speech was so similar t

i'd like to ask bob lighthizer to say a few words about the 301 and where we are in that negotiation.this country that should have been done for many, many years. we've had this abuse by many other countries and groups of countries that were put together in order to take advantage of the united states and we don't want that to happen. we're not going to let that happen. it's probably one of the reasons i was elected, maybe one of the main reasons, but we're not going to let that happen. we have right now an $800 billion trade deficit with the world. so think of that. let's say we have 500 to 375, but let's say we have 500 with china but we have 800 total with the world. that would mean that china is more than half. so we're going to get it taken care of, and frankly, it's going to make us a much stronger, much richer nation. the word is reciprocal. that's the word i want everyone to remember. we want reciprocal, mirror. some people call it a mirror tariff or a mirror tax. just use the word reciprocal. if they charge us, we charge them the same thing. that's the way it's got to be. tha

and the deal with south korea, according to secretary ross and bob lighthizer, is very close to beinga wonderful deal with a wonderful ally. we're getting very close to it. it was a deal that was causing a lot of problems for our country in terms of employment and in terms of lots of other things. i might ask secretary ross to just say a few words about that, and then we're going to get on to this ridiculous situation that took place over the last week. so, secretary ross? >> thank you, mr. president. we believe we are relatively close to a pretty comprehensive resolution with the south korean government. it would encompass, if it goes through, both the 232s and broader trade issues. we hope sometime next week to be able to have a real announcement. >> thank you very much, wilbur. i appreciate it. the last time we negotiated something like this, and as you know, it's always been a problem for our country. they get together and they create a series of documents that nobody has been able to read because it was just done. you tell me who can read that quickly. it takes a long time to rea

i'd like to ask bob lighthizer to say a few words about the 301 and where we are in that negotiation.nd we're doing things for this country that should have been done for many, many years. we've had this abuse by many other countries. and groups of countries that were put together in order to take advantage of the united states and we don't want that to happen we're not going to let that happen it is probably one of the reasons i was elected. maybe one of the main reasons. but we're not going to let that happen we have right now an $800 billion trade deficit with the world. so think of that so let's say we have 500 to 375. but let's say we have 500 with china, but 800 total with the world. that would mean china is more than half. so we're going to get it taken care of. and frankly, it's going to make us a much stronger, much richer nation the word is reciprocal that is the word i want everyone to remember. we want resprecireciprocal, mirr some people call it a mirror tariff or mirror tax just use the word reciprocal if they charge us, we charge them the same thing. that is the way it'

i did talk to bob lighthizer at some length today, he's an old friend of mine. can't really kwocomment on th. i will say this. china has not played by the rules for a long time. i have talked about that, intellectual property rights, corporate technologies, other barriers, transshipments to get around things. so, china needs to come up in some trade. i believe that. >> we're looking at live picture of president trump at the boeing plant as well which we'll keep looking at the pictures. we also just had a statement, larry, from the white house from sarah sanders saying kudlow was offered and accepted a position of assistant to the president for economic policy director of the economic council. of course we already knew that, larry, because you confirmed that to us. still official confirmation. congratulations again. >> thank you. it was out -- by the way, i wasn't watching tv this morning. the president called and he said, it's out, because i don't think he was intending to put it owl until tomorrow, friday. i said, oh. he said you're on the air. he said i'm look

i would like to ask bob light hides-- lighthizer to say a few words about it. we are doing things for this country sha should have been done. we have had abuse by many countries and groups of countries that were put together to take advantage of the united states. we're not going to let that happen. that's probably one of the main reasons i was elected. we're not going to let that happen. we have, right now, a $800 billion trade deficit with the world. so think of that. so let's say we have 500 to 375, let's say we have 500 with china and 800 total with the world. that means china is more than half. so we're going to get it taken care of and frankly, it's going to make us a much stronger, much richer nation. the word is reciprocal, that's the word i want everyone to remember. we want reciprocal, mirror. some people call it a mirror tariff. or a mirror tax. just use the word reciprocal. if they charge us, we charge them the same thing. that's the way it's got to be. that's not the way it is for many decades it has not been that way. and i will say the people we

i think bob lighthizer does understand this pretty well. he would weigh in more heavily than he is doing right now. i do believe that the president has good intentions he wants to pull us out of some messes that we are in but i am not sure you do it starting a trade war with china. maria: senator let me switch gestures ask about spending bill obviously congressional leaders reaching a tent tiv agreement 1.3 trillion-dollar spending bill a vote yet to come, but we're expecting a vote in two days to avoid a shutdown, house he freedom cause of acti house freedom caucus opposing are we headed for shutdown. >> i hope note we've got to curtail this the excess spending we are doing a way to boost american economy businesses all over the world, and you don't do it by tariffs and uncompetitive type approaches we have to compete that simple i think we can but we can't just sit back being a like it isn't going to happen. maria: so senator governor mike huckabee tweeting out earlier he said i am going to go on "mornings with maria" i am going to let lo

markets have been prepared for a 301 action since bob lighthizer took the position, came into the whitese, and announced that they were going to do something. 301 could be anything. it could be very small, tariffs, tariffs on products, sanctions on companies. it could be tariffs on whole sectors or subsectors. the tariffs on industries is what scares beijing, because that is when you get into a trade war and you force beijing to respond not just rhetorically, but with actions of its own. david: i know your firm has done a lot of work on this. what is the base case? what should i be prepared for? what sort of trade activity should be frontloaded ahead of the gates closing? leland: this changes so much. a lot of this is a reaction to 232 and how many exemptions you ended up with over the next week plus. right now, they are looking at a headline number that allows the president in midterms to say he went hard on china, but does not blanket a sector like telecom, semiconductors. it does not mean the president will not get fired up one day and decide to go guns blazing, but right now it look

bob lighthizer is doing a great job. eboni: they are wrapping us. get more thoughts on that, congressman. >> thank you. >> eboni: leland? leland: what went wrong and that sent skiers flying off. leland: wow. a home explodes seconds after police make a stunning rescue, how they made it in time. [man] woah. ugh, i don't have my wallet, so - [girl 1] perfect! you can send a digital payment. [man] uhh, i don't have one of those payment apps. [girl 2] perfect! you have a us-based bank account, right? [man] i have wells fargo. [girl 3] perfect! then you should have zelle! [man] perfect. [girls] perfect! [vo] the number one mobile banking app just got better. [man] does your coach use zelle, too? [boy] of course! [vo] another way we're building better every day. are made with smarttrack®igners material to precisely move your teeth to your best smile. see how invisalign® treatment can shape your smile up to 50% faster today at invisalign.com it's ok that everyone ignores it's fine. drive. because i get a safe driving bonus check every six months i'm acciden

i'd like to ask bob lighthizer to say a few words about the 301 and where we are in that negotiation things for this country that should have been done for many, many years. we've had this abuse by many other countries, and groups of countries, that were put together in order to take advantage of the united states. and we don't want that to happen. we're not letting that happen. it is probably one of the reasons i was elected, maybe one of the main reasons. but we'll not let that happen. we have right now a 800 billion-dollar trade deficit with the world. so think of that. so let's say we have 500 to 375 but let's say we have 500 with china, but we have 800 total with the world that would mean that china is more than half. so we're going it get it taken care of. and frankly, it is going to make us a much stronger, much richer, nation. the word is reciprocal. that is the word i want everyone to remember. we want reciprocal, mirror. some people call it a mirror tariff, or a mirror tax. just use the word reciprocal. if they charge us, we charge them the same thing. that is the way it ha

very hard but very quickly and the deal with south korea is according to secretary ross, and bob lighthizerry close to being finished and we're going to have a wonderful deal with, wonderful ally. we're getting very close to it. it was a deal that was causing a lot of problems with our country in terms of employment and lots of other things. i might ask secretary ross to say a few word about that. then we'll get on this ridiculous situation that took place over the last week. so secretary ross. >> thank you, mr. president. we believe we are relatively chose to a pretty comprehensive resolution with the south korean government. it will encompass, if it goes through, both the 232s and broader trade issues. and we hope by sometime next week to be able to have a real announcement. >> thank you very much, wilbur, i appreciate it. the last time we negotiated something like this, as you know it has always been a problem for our country. they get together and they create a series of documents that nobody has been able to read because it was, it was just done. now you tell me who can read that quick

bob lighthizer will be there and wilbur ross and one is larry kudlow he's pro nafta, pro tpp and anti-tariffs good negotiating tool it's unclear how powerful one voice within a ka calf foe any of voices could be >> we have ian shepherd. he says this is not something we need to worry about, a trade war. this is unfinished products, aluminum and steam now you have the e.u. coming up with a list of $2.8 billion worth of goods, blue jeans, kentucky bourbon that they're targeting. where does this play out >> you have two different arguments. the white house says the actual value of goods that europe would retaliate is pennies on the other hand, you have peter navarro saying i don't think our allies can launch a trade war. the u.s. is too valuable we couldndon't think they'll go through with it. they're fighting the idea that retaliation will happen or if it happens that it will actually hurt the economy. >> kayla, stay here. we are lucky enough for the next hour to have a guest host with us who knows all the ins and outs about this. eric cantor is here. former congressman, former house majority le

ambassador lighthizer, bob, welcome back to the committee. last year, at this committee's trade agenda hearing, and in many conversations we have had since, we discussed concerns. i continue to hear in farm country the dire need to expand and explore new markets and unfortunately the ag economy has not seen improvements. it's become more concerning. in the last year, the united states, i believe, has lost its title as a reliable supplier. that is certainly not a good thing. we've seen mexico turn to argentina to purchase wheat and brazil for corn. these should be sales with the u.s., not the other countries. the kansas wheat crop is still on the ground. we've got another crop coming on, i hope. but that crop should be on the kansas city southern railway headed for mexico. and i think probably at this juncture, i'd like to give you a little farm report. wichita, kansas, the latest government crop reports estimates that about 1% of the wheat in kansas is in excellent condition. 1%. 10% is good. all the rest is poor or very poor. that assessment

we can get to work with ambassador bob lighthizer. along with partners at the department of agriculture like our champion there, secretary sonny perdue and ted mckinney, gregg will ensure that agriculture has a seat at the table and that our farmers and ranchers are being heard. the u.s. agriculture industry has worked long and hard to increase our competitiveness around the world but their work is never finished and they cannot do it alone. i know that with gregg riding point, the voices. hardworking farmer will be well-represented all around the world. congratulation to our, gregg, as your proceedings to the chief negotiator at the ustr. i look forward to continuing to work with you on behalf of u.s. ag. one more admonition, one more piece of advice: when you're riding point, just make sure you look over your shoulder once in a while to make sure the herd is still there. if it isn't, don't worry about it. we've got your passage of the thank you. -- we've got your back. thank you. i yield the floor. i note there is an absence of a qu