lighthizer was the top u.s.trump administration, and he's an evangelist for tariffs. taxes on imported goods. yesterday the president declared an emergency and imposed unusually high 25% tariffs on mexico and canada and 10% on china to coerce them to stop the flow of the deadly drug fentanyl. that's unusual because tariffs are normally used to balance trade. and in lighthizer's opinion, america has little choice. he says china's three-to-one dominance in trade is a threat to our way of life. >> china to me is a -- an existential threat to the united states. it is a very, very competent adversary. china views itself as number one in the world and wants to be that way. they view us as in the way. they have the biggest army in the world, and they're growing it. the biggest navy in the world, and they're growing it. they're spying on us. they're taking our technology. they've been waging an economic war against the united states and winning that war for at least the last three decades. >> so your tariff regime for c

trade rep bob lighthizer and katherine tai. i appreciate your work as chief of staff under ambassador lighthizer. ambassador lighthizer had it right when he wrote that problems in our trade relationship with china and u.s. trade policy in general can be traced to quote, the political establishment of both the republican and democratic parties, under the influence of multinational corporations and importers. mr. greer, do you agree with mr. lighthizer that multinational corporations have just had too much power over u.s. trade policy? mr. greer: i agree with ambassador lighthizer, and i believe that trade policy in the past has been designed to help that sector and has ignored other sectors. sen. warren: good, we have to start by recognizing the problem. for too long, corporate lobbyists have bought their way into our trade policy and i'm glad to see that changing. but raising tariffs doesn't necessarily mean an end to corporate capture. when the last trump administration height tariffs, corporate lobbyists lined up to demand ex

trade representative ambassador robert lighthizer.ice at ustr, he participated in virtually every major trade action initiated by the administration. he worked closely with senior officials in agencies and was deeply involved in negotiations in the phase one trade deal with china and the you united states mexico canada agreement. i had the pleasure of working with jamison and ambassador lighthizer for key trade with the united states and japan where jamison proved himself capable of representing america's interest on the global stage and mr. greer was in the room at every critical term as we negotiated on america's behalf. during the president trumps first term, we witnessed a strong trade policies and economic growth go hand in hand. tariffs were leveraged to advance and hold adversaries accountable and bolster national security while americans enjoy low inflation and prosperity. jamison understands this better than anyone and i know he will bring that knowledge and experience to this rule. jamison's approach is guided to commit me t

annmarie: i call him mini lighthizer.he administration but it's probably the next x thing. the individual trained under him. when it comes to china, jamieson greer said we should be decoupling. do you see that happening for the trump administration or does trump want to be more nuanced? he wants a deal out of beijing, either with autos or china putting a thumb on putin to strike a deal in ukraine, or something like tiktok. sarah: very interesting. i think that we are going to see a lot of transactions between the chinese and trump around issues you mentioned. tiktok. whether or not we have some kind of grand bargain that addresses all the issues the united states has with china now, parti around export controls and complex technology, i think that's a little harder to see. i don't think trump or his people feel particularly reassured that china delivered on the phase one agreement last time. all evidence to the contrary. there's a lot of concerns around technology. where i see it, this decoupling in sensitive areas, maybe

larry: by the by, taylor, it sticks in my craw, we sweated, lighthizer was leader of group, great trade expert. mnuchin and wilbur ross and myself, and others, we went here a there, always back and forth. with staff, i was sitting as were -- most of us, the g20 meeting in argentina id to be. 2019, i am almost certain. and both sides big banquet table, chinese and united states, trump sitting across from se xi jinping first thing trump asked president xi was to stop fentanyl provide death penalty for people in china involved in making it. and frank without batting an eye, xi said yes. he said yes. okay. and we all thought everyone would live happily ever after they lied. >> shocker. larry: that is what they to. he said all rigmarole like that whole phase one trade deal was rigmarole, i hope that president trump does not have you know particularly pleasant conversations with xi jinping and goes back on his deal or that 10% tariff or ending exception on 800 dollars. and killing our kids, you can't be tough enoh on china. >> stuff on -- quality is crap. that aside, i agree with you, when it

jamison greer, he was bob lighthizer left lieutenant as a were in the first term. bob was united states trade representative the renegotiated under the direction of president trump the terrible nafta shaft a treaty. that's coming up as your guests earlier talked about the important that's up for its four-year review speech what we advocate on that front? >> well, the beauty of that is that i don't advocate anything. i let people do the job. jamison will take point on that under the direction of the president, and everybody will have a hand on that. the person i mentioned was kevin hassett your he was chair of the council of economic advisers. he's a superb economist and understands the macro aspects of tariffs. we are going, it president trump succeeds like he wants to succeed we are going to structurally ship the american economy from one over billet on income taxes and internal revenue service, to one which is also reliant on tariff revenues and external revenue service -- >> is a a being who created? >> it's in the presidential memo. that's going to be under how

you know, robert lighthizer was on 60 minutes.n argued, you know, if we implement tariffs, we're going to have a forced forcing mechanism, which is that companies are going to say both foreign companies and american companies. we're going to manufacture here. i would argue to you, that's only possible if you actually were to leave these tariffs on for a sustained period, like 12 months or more before companies say, okay, this is actually this is the future. >> places like sheehan and temu, i think i forget or one of the two of them are already building more warehouses here or taking more warehouses here to try and get around some of this. if they think that this is the long term over the next four years. >> yeah. i mean. >> if you. >> listen to global companies. >> they want to get a. >> toehold into the us. >> but i. >> have to think. >> that. you know, the. >> pain that us consumers are going to feel from the inflationary effects, that's anywhere between 3/10 and 6/10 of a percent on a on inflation, which. >> is that's. >> prett