michael enright is here. we talked a little bit more about the deficit.dent trump has voiced how he wants to cut the trade deficit with china by $100 billion. now you see the list of tariffs. how much does that reduce that number right now? michael: not all that much. i believe the industries that 150 been targeted represent billion in exports to the u.s.. that list by itself may cut the deficit, but not by a whole lot. the idea is that this is a is to, and the desire change the nature of the u.s.-china trading relationship to make china significantly more open. i do in a think the goal is setting tariffs. is having morel open trade and less intervention by government on the chinese side. yvonne: what concessions do you think beijing could make? we are talking about some type of negotiation. what could china do without losing face? michael: losing face is important. one of the reasons why xi jinping returned for a new term and term limits have been lifted on the presidency in china is the desire to have a strong leadership that will look out for china's i