when it comes to free-trade and nafta, it was a republican that was pushing that. it was republicans that goddess in the war in afghanistan and all of this. they are the ones now saying they can fix it, but they do not want to take no blame for anything. it is pitiful. now they are doing it again. look at the supreme court as far as money in politics. they passed it where rich people can be citizens and it brought us to this point. everything they have done -- and the democrats are very slow as far as pointing it out. it seems like a democrats are very slow at pointing this out. i can see it and it is pitiful that these guys are the ones that created the problem and now they are saying they are the only ones who can fix it. guest: thanks for your statements. i appreciate them. i think you have a point. i think it was a mistake that china was given most favored nation status. i think at the end of the day i disagree with your assertion that republicans exclusively were behind nafta. i think that was president clinton and you are from north carolina, i am from north

with canada and mexico we had a free trade agreement and nafta signed in 1994 and a free trade agreement with canada before that. and then president trump in his first term renegotiated nafta and a new deal called the usmca and that's going to be under review next year. so one of the big question marks is why was president trump doing this if he'd negotiated a deal with largely no tariffs so to put 25% tariffs on everything, 10% in the case of canadian energy would be a huge overhaul of the deal. the point peter navorro is making that we're hearing across the trump administration, this doesn't have to do with usmca, this is just about the border. but the practical effect would be to blow up the deal because it would sort of render the tariff provisions moot if they were to take effect. this isn't about unfair trade practices at all, this is they need to do action at the border. host: the president ran his campaign with helping people on the economy and improving the economy and people have said it would go counter to that and how does the white house square or balance those two things? g

and all the years from nafta and �* us mca. allthe years frame. =-= «a us mca, allthe yearsfram'.efore ., ., ~' all the years frame. . is therefore likely to be lls is therefore likely to be , , ~ —— by tls is therefore likely to be , , ~ —— by these tariffs [ie—lie imoacted by these tariffs its trading partners, given retaliation 7 retaliation you 7 retaliation you b7een the retetietien a bee been ,,, ,, ~ , ww ,, about talking about and the canadian has already government has already retaliated or tito rabat 25% an}; 77 7 tariffson 7 tahffsonits777 77t7han7 7 {hansioo 7 776;er eio7677b7i7mo757 77 777 t7han7$1067billio7n worth more than $100 billion worth of us goods? _ will. suffer from mexico will also suffer from this undoubtedly. this measure, undoubtedly. when you have got such a deep and tra7ding relationship, putting 25% on every product thatis putting 25% on every product that is into the other that is imported into the other country is an enormous barrier. i think that is the but i think that is the point, pain is that that pain is something that is going to inflicted on

donald trump claimed to hate nafta. and so in his first term as president, he updated it, which is a perfectly normal thing for the government to do with trade agreements like that. every decade or so, they should be updated. and donald trump's update of nafta was passed through congress. and that's how it became the new law governing all international trade between canada, the united states and mexico. all of north america, the north american free trade agreement. and so the tariff laws that we are living with tonight for mexico and canada were written by donald trump and the republican congress, who updated nafta. and this is what donald trump said about how great that law was when he was president. >> for the first time in american history, we have replaced a disastrous trade deal that rewarded outsourcing with a truly fair and reciprocal trade deal that will keep jobs, wealth and growth right here in america. >> wow. great. it was great. it was the best trade deal ever in history, according to donald trump. and toda

so he hated nafta. states—mexico—canada agreement.ment. ..and so a lot of people are saying that, you know, he puts these tariffs in, then he postpones them. he's in, out, like a hokey cokey of tariffs, and leading some people to suspect that a lot of this is performative. let'sjust look at mexico and canada for the moment. in a month's time, will there be some kind of peace agreement as a concession, then maybe things can resolve themselves. around the world, diageo, the drinks company, and they say, listen, you know, over a third of our sales or canada because it's canadian whisky or it's tequila, and as a result, we cannot tell our investors what our earnings fluid a situation. able to tell people just a little bit of visibility the unsettling, it's the uncertainty, which is kind of rocking people at the moment. fall a little bit. donald trump doesn't like to see the stock market yeah. are the dangers of a china—us trade war greater than these other cases? i mean, those are the two most powerful economies in the world. trans—pacifi

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canada and mexico first given that they recently or maybe not so recently, a years ago, did renegotiate nafta into the usmca . presumably, there were other countries that were bigger targets. if you are looking at what is happening with mexico and canada, what is the takeaway for you? >> the takeaway is that even if tariffs are avoided -- avoided in this instance, every country is at risk of coercive terror threats and of course, foreign governments will try to make offerings to forestall those tariffs but equally, they will work very aggressively to reduce their exposure to the united states by enhancing their relationships with other countries. that is already happening. the european union was south america, the southeast asian countries, updating their agreement with china, so in the form of actual agreements or simply informal business dealings, the result of this is a diversification away from the united states that is going to make things more difficult for u.s. headquartered firms. >> what kind of role does this leave doesn't -- the wto? do they have a role to play here? >> they do but

through we saw with the usmca for president trump's first term which was a huge success replacing nafta and there is a moment where it feels like friction and uncertainty but president trump leadership in the strength the power of the american economy. he is not going into the spying he wanted once and of do it again this time to are you worried this will undermine the other policies that are positive out of this demonstration. as a pro-growth group of policies and cutting government spending and government waste in the blood that we have at our federal government right now all of these are programmed to get a healthy economy. >> are you going to expected to retaliate tomorrow they do not tweet us fairly, properly. >> the senator from wyoming has a huge impact because of the energy coming from canada which is a lower tariff than the 25% that is ten, the carveouts of the wall street journal as reported on on friday that is a piece of that, maybe there's more but something else that the journal points out i'm going to steal their line how will the north american trade war last how long do

so he hated nafta.e ripped that up and replaced it with something called the usmca, the united states—mexico—canada agreement. and what's odd about this period is that he's essentially he signed the agreement. ..and so a lot of people are saying that, you know, he puts these tariffs in, then he postpones them. he's in, out, like a hokey cokey of tariffs, and leading some people to suspect that a lot of this is performative. let'sjust look at mexico and canada for the moment. if you can give him something which he can sell at home as a concession, then maybe things can resolve themselves. but i think that...i've been talking to big businesses around the world, diageo, the drinks company, and they say, listen, you know, over a third of our sales or canada because it's canadian whisky or it's tequila, and as a result, we cannot tell our investors what our earnings are going to be over the next year because it's too fluid a situation. and that matters, because these big corporations like to be able to tell

every question was about nafta, nafta, nafta, national sovereignty, nash. it was nafta. if i could think back to 94. and this is a world we still live in. if you if you look at donald trump's face, it was about nafta. it was about gatt. it was about the world trade organization. and anybody in the media that looked at what donald trump was saying yesterday in that in, in, in the white house, in the oval office and didn't think that was connecting with, with the rank and file base saying, you know, we need to push them harder here. we need to push them harder there. he talked about germany. he said, hey, we've got a lot of bmw and mercedes that are going around driving around in the united states. you don't see any chevys in berlin, do you? that sort of talk, you know, dick gephardt used it in the democratic party. you have populists in both parties using it. i'm just saying we all we all understand what the wall street journal editorial page says. what steve rattner is about to say. but democrats need to understand this is a powerful, potent issue. when you talk about ec

the world was watching when all sorts of folks at the usmca, nafta could never be renegotiated, but, yet it got done, got done in a bipartisan fashion. and four years ago, the success of usmca passing in such a bipartisan fashion, would actually tee up the opportunity to use a similar framework with other trade -- potential trade agreements around the world and this did not happen. but, i think we've learned a lot over the last four years, call it eight years and moving forward i think all of that is very instructive for us to take away, you know, to look at that data and that cooperation, and the world is changing a lot over day. so, we need to be mindful of how we can modernize our policies, even for example, usmca seemed to be an agreeable framework, and times are different now perhaps, but let's see what else needs to be changed moving forward and i just see more engagement, a higher level of engagement and i point back to early trump administration before when even in a district like mine, the issue of trade was becoming more negative than it should have been. so president trump

call return until now least of the bad relationship from the very first term along with negotiated nafta finest but she just quit justin trudeau is on his way out is unfortunate that this was not happening six weeks from now when we wouldn't had a government in canada but it is what it is is there a chance, you absolutely trump's negotiator, everybody's talked about this if he gets what he wants between now and midnight this whole thing goes away and we can talk about the economic union. obviously there's a lot of angst on both sides of the border because this trading partnership is massive. it is massive think about the long-term implications is almost impossible but i don't think there will be long-term i think it gets worked out quickly if not today quickly and then we move on to try to look at the opportunity of a behemoth economy where there is no tariffs north, south, east or west, that would be interesting. stuart: one more i knew pulled from the new york times says most voters do not believe the economy is important to democrats, we have yet to get a real democrat response to the

when it comes to free-trade and nafta, it was a republican that was pushing that.was republicans that goddess in the war in afghanistan and all of this. they are the ones now saying they can fix it, but they do not want to take no blame for anything. it is pitiful. now they are doing it again. look at the supreme court as far as money in politics. they passed it where rich people can be citizens and it brought us to this point. everything they have done -- and the democrats are very slow as far as pointing it out. it seems like a democrats are very slow at pointing this out. i can see it and it is pitiful that these guys are the ones that created the problem and now they are saying they are the only ones who can fix it. guest: thanks for your statements. i appreciate them. i think you have a point. i think it was a mistake that china was given most favored nation status. i think at the end of the day i disagree with your assertion that republicans exclusively were behind nafta. i think that was president clinton and you are from north carolina, i am from north caro

the world was watching and all sorts of folks at usmc a and nafta could never be re-nerve nucleus yore gaited and it goal -- renegotiated and it got done in a bipartisan manner. four years ago about now, the success of usmca passing in such a bipartisan fashion would actually tee up the opportunity to use a similar frame work with other potential trade agreements around the world and that happened. i think we've learned a lot over the last four years, holiday years and moving forward, that's all very instructive for us to take away, look at that data and that cooperation and the world is changing a lot. every day. so we nighed to be mindful of modern icing the policies and usmca, yes, it was an agreeable frame work time. times are different now perhaps. see what else needs to be changed moving forward. and i just see more engagement and higher level of engagement pointing back to early trump administration before in a district like mine, the the issue of trade was becoming more negative than it should have been. so president trump then elevating the discussions on trade actually elevat

and he declared victory for having renegotiated nafta. now he's saying that that was not good enough. and they. need even more of an advantageous situation for the united states. and so but but look, you know, everyone from capitol hill to wall street has never been quite clear on whether trump really was determined to do these tariffs or whether they were a negotiating ploy in order to secure a better trade agreements. and now i think we have part of the answer to that question. >> so in terms of the word negotiating, we have a day and change until these take effect. molly, is there any way that things can happen, be negotiated that they don't get implemented? on tuesday? >> of course. and there's going to be a mad scramble, i suspect. i mean, this entire weekend, as the ambassador, i'm sure alluded to, there have been calls back and forth. there's been frantic diplomacy happening. the whole idea behind this, this tariff push is that it's the united states that has the leverage in this situation that america is able to throw her weight a

since nafta was 1st side of the early ninety's, that's particularly true for the car industry, which is a major part of the imports and exports both from canada to the us and backend from mexico. duty less and back exports out from mexico and from, from canada to the us are an enormous part of the exports from those 2 countries. from mexico, for example, about 80 percent of its exports go to the west. and both of those countries have a pretty large external fact are specially mexico. web ex boards are about 40 percent and you could be um, i think i mentioned cars. i think that's the industry that is going to be most directly attractive. we've already seen a couple of car manufacturers and now that they will, they will pause production for now. and so i think, you know, you'll see that because the number of other industries, it's really a completely unnecessary uh the self inflicted injury. and what about china then? let's not forget china, and is that country more prepared? do you think for any kind of impact as well? the initial tears are lower and chinese imports of course, exports

--=a " ~ ~ ' ' of what we saw in term, where he said he first term, where he said he would tear up nafta. i77luél deal. �* , table. i77luél deal �* , i, better deal. briefly, if you don't - the _ better deal. briefly, if you i don't - the justification don't mind, the justification the white house includes from the white house includes political aims when it comes to politicalaimswhenit comes to it comes to immigration, when it comes to fentanyl, for example. what do you make of that regards you make of that with regards to i you make of that with regards to ~ �* , to canada? i think it's frustrating. _ to canada? i think it's frustrating. canada i to canada? i think it's. frustrating. canada has to canada? i think it's - frustrating. canada has offered already — they've invested aqnt�*n; billion another 1.3 billion canadian dollars in border security. they are much they are very much against fentanyl trafficking, the same fenta nyl trafficking, the same agenda fentanyl trafficking, the same agenda as the us. don't agenda asthe'ljs, they don't illegal want illegal immigration either. the

this country has been run to the ground since nafta, clinton, allowing wall street to control our economy, they sold out the money so we've elected a guy that's very sketchy. we want the billionaires running the country or all the dems and republicans were looking for the money running the country. this country -- i ran away from san francisco. in 1972. in new york city. i'm tired of watching -- we have to bring some morality back to this country. >> any response? >> there was a lot going on there in that. let me just address the immigration part in all of that that you put out there. there is no doubt that our immigration system is broken in this country and needs to be fixed. our border has been a mess. we can have people coming to this country being smuggled in to the back of trucks. the system must be overhauled and i think it is going to take a bipartisan coalition of people i'm hopeful to be part of that, i got assigned to the border committee on homeland security and i'm excited about that. what we need to do is we really need to address the visa system and the work permit system.

being treated on this. particularly given it was donald trump, who re negotiated or used to be the nafta agreement between mexico, canada, and the us when he was an office. i know he's going back on that with titus. so we'll see what happens over the coming hours if we get more details of what exactly has been agreed by justin to do. but the big skier of titus to come of course the sport and the flux of 2 days. when i was standing question, what happens with the tide of so in china with that in the last out or so from cadillac 11 who's the press secretary at the white house, the donald trump and spent intends to speak to president. she at some point in the next couple of days, 10 percent titles were due to be imposed on some good, some china. it may well be they can find the farther accommodation. but for the moment, what was described by the wall street journal, the weekend, as the dumbest treat board in history seems to be on pause for at least a month. out of this for now. thank you. so thousands of people are leaving the greek islands of center rainy off to multiple s quick strokes.

i've seen what nafta does. their reaction is not one i embrace, but i understand the desperation, the anger of the legitimate anger, the towns that but like where my grand parents are from a mechanic falls means the bank is boarded up. i mean, i remember as a boy, they were never made a lot of money, but my grandfather worked in the post office and were d constructing all of these institutions that once he had a pension, he had a stable income. that's a for that. and i should have gone and the democratic party is as complicit. let me call you 1st because i want to drill down on some of these things. you use it a lot of really important things. one of the things you just talked about was an out of touch elite. we're certainly single growing concentration of wealth and political power among a very small group of people. i think most notably of the fact that trump is a symbol of the richest set of advisors and cabinet members in american history, they're worth a collective $450000000000.00. and of course, there's

this is what the free trade agreement, nafta, or the new, a trading agreement that the united states negotiated during his tenure was suppose to solve. but coming back in seeing a country that is desperate, a country that can not even uh, secure it's nations even in regards to the recent to catastrophe that happened in california. now they want to tax or tear of some of the largest ex borders and importers. not a good move. yeah, it is interesting to say the least to alex from 4 to 5 canadian blogger and journalist in china. alex, thank you. thank you for cannes have rallied outside the rolanda. lemme see in the capital of another lands protesters to carry to congress flags and attempted slogans. calling for an end to the crisis and the b. r. c, or the m $23.00 militant group is on the offensive. at least 770 bodies arrived and the more because of the goma city during bottles this week, according to the r c. officials, a warning you may find the following images distressing. how many more bodies are still lining the streets of the city that's been seized by the m 23, the militants. h

he campaigned on tearing up nafta.ded up doing a renegotiation of that, that was pretty good and got everyone on board. this time he did not campaign against nafta or usmca. he straight out of the gate with tariffs, i don't see this as part of a ploy to have a better usmca negotiation. lisa: he did campaign on making sure he put a halt to illegal immigration and fentanyl flow. 21,000 pounds was seized at the size of -- southern border. 43 pounds from canada -- 40 3000 pounds from canada. two milligrams is lethal. if that is the direction trump is taking and it comes to national security do you see this administration using tariffs instead of sanctions? jason: you just said the number four canada was tiny compared to the number from mexico. do you think they should be putting tariffs on us to stop that flow? absolutely we need to put pressure on mexico. it's not like they have a switch. this has been a big issue for them, it has undermined a lot of their country. destabilizing the mexican economy is going to increase th

. >> bret: nafta and that it was redone. >> we have one that went back t 1964.int is you don't just threaten to do things which end up causing huge challenges to for both countries in the marketplace. you don't do it by putting attacks on consumers and attack on producers that's going to en up making the economy less efficient. >> bret: you understand the trade deficit argument. >> i want to say when it comes to the overall argument, when i comes to services, tourism, the number of canadians investing i the whole variety of ways and b united states, it is a win-win situation between our two countries. to try to say that you say that one group says it 60 billion, the president says one day says 100 billion, the next day he says 150 billion, give us a break here. >> bret: what do you save a number? >> i don't say the number is a deficit because when you look a the sector of the economy. when you look at the investment relationships between the two countries this is not a lease relationship for the united states and i think it's important for people to hear us out

this once wording do it again we saw with usmca from president''s first term a huge success replacing nafta, where maybe it feels like friction uncertainty. >> we know mexico has allowed to facilitation of the illegal drug trade illegal sex trafficking for years, has done nothing about it the message from president trump to the entire world is very clear. we are done being taken advantage of. >> so mike the president was expecting disruption looks like that is what we are getting this morning with market down 600 points, would you buy this market today? mike lee. michael: absolutely. i mean depends where how vested nothing to do with ai trade, as steal here i love palantir if some reason market doesn't like it i am buying more and nvidia, nvidia could potentially sell double the amount of chips selling right now, us about capacity constrained this is one way for ai, it is -- it is so big, it is so wide, the entire way data is processed is changing permanently a steal. >> down 4% right now shanks sean so haro mike lee quick break back.. stay with us. . (shower water runs) (♪) (♪) a sleep num

he came back to me and said we cannot do away with nafta. below knee. -- baloney.se companies are going over to these foreign countries and getting slave labor prices. these car should be half of what they are in america. people need to wake up. by american if you can. these companies that go over there from the united states, they need to sell it there and do not bring it back here. thank you and have a good day. i appreciate the call. host: that is bradley in west vi. this is sue in new jersey that ghts "buying america and is something near and deay heart. my mom and this me when i was younger and first started working. american mate,trony believed was of better quality. nowadays i've taken to looking mostlyrifttoreat the rate to find made in the usa because they are hard to find at the big box stores and it is a shame." asking you about your buying habits. do you think habits will change with the tariffs had to go no effect on tuesday. much to buy american? this is bill in newport florida. good morning. caller: i would like to make a comment. i think the tariffs

. >> this morning, president trump signed a new trade deal to replace nafta with the leaders of mexicobest trade deal, they say, ever made. >> jon: oh! a deal done by trump's greatest nemesis. trump. [applause] for president trump, this trade war has awoken a sleeping giant. not canada, not mexico, but the democratic minority senate leader. release the schumer! >> it's going to affect beer. okay? most of it, corona here, comes from mexico. it's going to affect your guac, because what is guacamole made of? avocados. >> jon: your response to the trade war is to [bleep] tell us that guacamole is made of avocados? is that what -- [applause] oh, boy. "when the people find out their precious super bowl dip is comprised of mainly avocado, also tomato, sometimes onion -- it's a bit much for me." excuse me one second. democrats, can you please stop [bleep] trotting schumer out there every time -- [cheers and applause] trump traverses into the unreal? he's not good at this! what is the decision-making process? "hey, who should we get out there to effectively battle one of the most savvy presiden

we saw it with the usmca from if president trump's first term which was a huge success, replacing naftamoment where maybe it feels like friction and uncertainty, but president trump's leadership expect strength and power of the american economy, we have talented people who are working alongside of president trump to implement this agenda, and i'm confident that we'll achieve the outcome and the vision that president trump has. he is not going into this blind. he's cone it once, it worked. he'll do it again, it'll work this time too. maria: well, that's what president trump said to me on friday. i saw him in the to oval office, and he said to me, look, there may be some disturbance, some disruption. but at the end of the day, we're done getting taken advantage of, and we're going to institute these tariffs. but i want to know as the the epa leader, where specifically you will be working and where your involvement is, how does this impact your portfolio? >> well, the epa's mission is to protect human health and the environment. in executing that mission, we can't turn a blind kauai to the

the problem we had was nafta. it had to get out. it was the worst deal. maria: what about usmca.t to renegotiate. >> i will renegotiate to the benefit of our country. we've been screwed by mexico and by china and by canada and by the european union. maria: so do you think this is going to be enough to move the needle here for them to actually take a stance and move to stop the fentanyl from flowing through mexico and coming from china? >> well, president trump certainly has everyone's attention this morning and they know he means business. this is the problem with what we've lived through for the last four years is the rest of the world has seen the united states as a door matt. mat. you can't do that with president trump. he's going to lead with a full might of the united states of america and use all assets and tactics that are available to us. i mean, canada's a great ally but we have a huge trade deficit. we're getting the short end of the stick in this relationship right now but the behavior we're seeing at the northern border, you know, they have very, very lax immigration

because it was his team personally who negotiated the new the new nafta deal with mexico and canada. >> this is. >> there's extra this is extra legal. it sets a. >> very problematic. set of precedents. >> and. >> is going. to alienate countries around the world. >> i actually. >> think. >> the alienation is. probably going to be. >> small compared. >> to what he's doing with. >> a.i.d. >> where, make no mistake, because of the. shutting down of these programs. people are going to die and they're going to die because of a choice that the american president made. >> larry summers. >> former treasury treasury. >> secretary, thank. >> you so very much. and next, more on elon musk's threats to us aids future and president trump's ultimatum to panama's president on the panama canal. but first, i share it with you all. before the election, i've decided to shift from anchoring this hour every day to focus more on reporting and covering the major news of the day for all platforms at nbc news. so friday is going to be my last day in this anchor chair after 17 years to mark the last years, thos

nafta is replacement. president trump negotiated during his first term. they will violate the free trade agreement that the president tonight, along with our mexican partners negotiated and signed few years ago. >> bay area, immigrant communities have expressed that they are very concerned right now and worry because of these executive orders from trump. the president declaring a national emergency at the mexico border and pushing for an end to birthright citizenship. we talked to an immigration attorney about it. >> to go out that there's a fear that he'll be protection. stop for anything to not sign anything. i would say if you know, with ice and if you're encountering ice at home, determine whether there's an actual warrant, because what i'm seeing is that there are warrants signed by ice officials which are not actually more in stock, give them the right to search a person's home. attorney gabriel espinosa also says it's important for immigrants to know their rights, including that they >> can remain silent when confronted with an ice officer, they ha

nafta is replacement. president trump negotiated during his first term.y will violate the free trade agreement that the president tonight, along with our mexican partners negotiated and signed few years ago. >> sounds like the economic war is on. let's see from an expert uc berkeley economics and law professor. allan, our back joins us. good morning. so is this game on or what? because canada sure was talking about, you know, striking back. >> well, this is what happens in trade wars. the countries which are post typically going to just sit there, let it happen without doing something in response. >> but what is anderson say? the response? but the fallout for the u.s. if we just stick with canada for a minute because i read that they provide 30% of our lumber. and of course, we know here and southern california, we're going to a lot of lumber. so what's that going to do if this happens tomorrow, too? our housing market are building market construction. >> well, i'm a calmer, more expensive. it's pretty simple. there's no nothing fancy about the economic s

i think he almost like remember he went from nafta to the usmca, a better deal with canada and mexicoon trade, even though he pulled out of the 2015 deal. i think he wants now a better deal with iran, what he calls a verifiable, peaceful nuclear agreement. and i actually think there's a possibility for it. the ayatollah is saying no, but i actually think this administration would be wise to press her on and essentially set up a deal on the nuclear. you reduce, you put a ceiling, you make it verifiable. we could ease some sanctions. you won't get attacked. i actually think that's worthy. that's worthy of exploration. >> all right. on that optimistic note, we're going to end. richard haass, always a pleasure. next on gps, president trump's dramatic attack on usaid is not only shocking, it is life threatening for some of the poorest and most vulnerable people in the world. i'll discuss the ripple effects with david miliband, the president of the international rescue committee, next. >> fareed zakaria gps, brought to you by fisher investments. clearly, different money management. we just

countries favor, even though he negotiated the current us-mexico-canada agreement, which took the place of nafta. canada is by far our biggest supplier of crude oil. trump says he wants to produce more domestically. >> we don't need the products that they have. we have all the oil you need. >> it remains to be seen exactly how the strategy will play out, particularly for consumers. critics say the tariffs will drive up prices and could ignite a trade war hinted at by canada's prime minister on friday. >> if tariffs are implemented against canada, we will respond. we won't relent until tariffs are removed. and of course, everything is on the table. >> and trump may not be finished. when asked if he plans to impose tariffs on the european union, trump replied, quote, absolutely. traveling with the president in west palm beach, florida. lucas tomlinson, fox news. >> a group of elected leaders in the south bay stood together at mexican heritage plaza today, speaking out against president donald trump's sweeping executive orders this week. one of the main topics they talked about was immigration. aft

nafta was one of the worst trade policies we've had in the history of this country. >> it was renegotiated and it still needs to be renegotiated. again, it comes up to be looked at in this next year. and china should not be allowed to build a plant in mexico and market it in the united states of america as a north american product. and i will do everything i can to make sure that doesn't happen. and that means including working with donald trump because he agrees with that. we agree on 100% tariff on china, on electric vehicles. they're subsidizing their product using slave labor or not paying anything. so there are things we have to address. >> well, let me ask you about the debt ceiling, because democrats have always objected to republican strategies of putting us up to the edge on the budget and, you know, shutting down the government and risking default. but there was a hint in something this was in the senate budget that patty murray, who is the powerful appropriations head in the senate, and she was certainly signaling that there could be a possible debt ceiling showdown with democra

nafta is replacement. president trump negotiated during his first term. they will violate the free trade agreement that the president tonight, along with our mexican partners negotiated and signed few years ago. 10% blanket tariffs are also planned for china. the white house says negotiations are ongoing reporting in washington. i'm trevor shirley. >> we're talking about our weather forecast now. looking outside here at some clouds over mount diablo at the moment is looking green. those that rain is paying off. more rain is on the way. let's find out when exactly with kyla grogan. yeah. there is an upside to that rain. that's for sure. and listen, i appreciate at least we're little dry so that we can kind of take a breath and get ready for this because we do have quite a bit of rain expected right now. pretty calm here on the embarcadero. all be at cloudy as we anticipate this coming in. now. notice, though, the wind, south lee, a southerly south lee. wow, it is monday. southerly 61 degrees in san francisco. and you know, that is an indication of that sys

nafta is replacement. president trump negotiated during his first term. they will violate the free trade agreement that the president tonight, along with our mexican partners negotiated and signed few years ago. >> it's tune in for your money. google offered buyouts to workers because they're focusing more on ai and the social media trend called no by 2025. is gaining traction. jane king is at the new york stock exchange with those stories and more. >> good morning. people are adopting a new trend on social media called know by 2025 where they pledged to buy as little as possible. this year, the wall street journal reports many are cutting back on the on essentials to save money and pay off credit card debt. are focused on using up existing items, a home like makeup and skincare products before buying more costco in the teamsters union reached a tentative agreement for a new contract, averting a strike by thousands of workers. the deal will go before union members for a vote. many of the costco workers will making at least $30 an hour with this new deal.

first nafta and then the renegotiated version, usmca. so mexico has enormous.upply inputs into united states products, and so has canada. and it is really functioning as one economy. so the trump victory is really dismantling that in a broader scheme. the tariffs on china, of course, there already are tariffs on china. they add up to some 14% on average exports of china to the united states, adding that 10%. it also comes to about 25%. so china, canada and mexico will be treated in the same way. europe is had some tariffs on steel and aluminum exports in trump one. and some of that has stayed. now there is a clear risk for the exports of motor vehicles. trump has mentioned that in the past. again, we're looking at a situation where you get less efficient production and where prices for consumers, in the end, go up for the united states. your correspondent didn't mention a number, but the peterson institute of international economics gave an estimate for just the tariffs on canada, mexico and china, the ones we're currently talking about. and that would be about

trading relationship that was just renewed by president trump in his last term when we renegotiated the nafta brought our trade between our two countries to 99% tariff-free. so we're really disappointed and we're hopeful that they don't come into effect on tuesday. we're ready to continue to talk to the trump administration about that, and in particular about all the work that we're doing with them, and on our own with respect to the border and the issues that the president has said are at the core of this -- this move. >> george: what could happen between now and tuesday that would prevent the being implemented? >> well, i mean, i think that is s really something that is in the president's hands. we have been meeting nonstop with his border officials. we've invested a billion dollars in furthering some of our equipment on the border, ensuring that we have the boots on the ground, working with the u.s. police service on joint training, joint exercises, going to china with them to deal with the precursor problem, so we are leaning in hard on this, and we feel that we've made incredible progres

we've had nafta, we've had a free trade area for almost 30 years now, and. >> we have. >> deeply integratedou ask, you know, where was a car if you buy an american car, where was that car actually made? and the answer. >> is, well, that's complicated. >> pieces of it were made in all three countries. components may have crossed the border 7 or 8 times, which means that even just the us imposing tariffs is imposing a lot of costs on our own industry. and if canada and mexico respond in kind, then they're further raising the costs. it hurts them. >> but it also hurts us. >> we're kind of in a situation where we're all in a position to inflict a lot of damage because this is, you know, not our that we've become mutually dependent and. >> unlike. >> you know, us politicians who are run and hide under the table when trump says a nasty word, mexicans and mexican and canadian politicians have to answer to their voters. and, you know, they're they're they're real countries with real pride and real, real want to stand up. you know, they so. and what was interesting. >> was this. >> was the classic a

mexico is that we've spent the last three decades doing this, integrating the border now first with nafta, then with usmca. the very goal of trade policy in the last 30 years has been to create a frictionless, borderless trade area between the three countries. now, you're going to do this. essentially. think of it like that. every single item of every little car, whether it's the thrust capacitor, the widget widget, whatever it is, is going to cross the border backwards and forwards and get tariffs and tariff and tariffs. and this is what's happening. you the imagine you've just taken the whole trading relationship and turned it upside down. and as the wall street journal describes it, the dumbest trade war ever because it wasn't necessary. there is a huge gap between what what the president's doing and what he could have done and how you could have got there, but instead, and. i look, i i've probably got a few years on rana because in terms of doing doing this, um, but we're pretty close. not that that's. >> a compliment. >> yeah, exactly. i don't think either of us have ever seen anythi

so what you've negotiated with donald trump before over the the nafta renewal renegotiation. why is he doing this to canada? what is what is the motivation? it can't really be fentanyl. >> you're absolutely right, fareed. the pretexts are utterly ludicrous. this action is utter madness. it is a betrayal of america's closest friend of your ally, your neighbor, your best partner in the whole world. it is an act of economic warfare. and the president was clear just this morning that it is a direct attack on our sovereignty. and i have to tell you, fareed, americans are going to be astonished by the canadian response. we're hurt, for sure, because we're your friends and neighbors. but most of all, we're angry, and we are united and resolute. you know, canada is the true north, strong and free. we love our country and we are united. we are strong. we're smart. we're going to fight for our country. we're going to fight for canada, and we're going to be successful. >> so let's put a little bit of of substance on that. you know, you're a much smaller economy than the united states, 7