peter navarro.ure to vote in our poll tonight to the question is do you think the democrats are as surprised as nato leaders that president trump has successfully altered the european order of statism, socialism and the silent economic decay for the continent quest? your -- cast your vote @lou dobbs. follow me @lou dobbs tonight. up next democrats in the national left-wing media launching an all-out war against supreme court nominee brett kavanaugh. we take that up then more with judge jeanine pirro right after the break. where's the picture of the judge we will have her image for you life next. stay with lou: supreme court justice nominee brett kavanaugh back on capitol hill today. meeting with key republicans senators including senator orrin hatch who had nothing but praise for president trump's choice. >> expect this confirmation to go well. it there will be the usual attempts to sully his reputation not only in the senate but outside of the senate but he will be able to handle that. i have every

peter navarro. he has written books about this and dreamed about this. white house office of trade manufacturing. he's the architect of the way we are fighting back and he'll be on our show later. this a new movement that claimed thousands of people are walk away. we have the architect of that. you don't have to be tethered to any political party no matter who you are. touch shows how we really feel. but does psoriasis ever get in the way? embrace the chance of 100% clear skin with taltz. up to 90% of those with moderate to severe psoriasis had a significant improvement of their psoriasis plaques. most people were still clearer after one year. with taltz, 4 out of 10 even achieved completely clear skin. don't use if you're allergic to taltz. before starting, you should be checked for tuberculosis. taltz may increase risk of infections and lower your ability to fight them. tell your doctor if you have an infection, symptoms, or received a vaccine or plan to. inflammatory bowel disease can happen with taltz, including worsening of symptoms. serious allergi

peter navarro.in our poll tonight to the question is do you think the democrats are as surprised as nato leaders that president trump has successfully altered the european order of statism, socialism and the silent economic decay for the continent quest? your -- cast your vote @lou dobbs. follow me @lou dobbs tonight. up next democrats in the national left-wing media launching an all-out war against supreme court nominee brett kavanaugh. we take that up then more with judge jeanine pirro right after the break. where's the picture of the judge we will have her image for you life next. stay with and now for the rings. (♪) i'm a four-year-old ring bearer with a bad habit of swallowing stuff. still won't eat my broccoli, though. and if you don't have the right overage, you could be paying for that pricey love band yourself. so get an allstate agent, and be better protected from mayhem. like me. can a ring bearer get a snack around here? you shouldn't be rushed into booking a hotel. with expedia's add-on

peter navarro. vote in our poll tonight to the question is do you think the democrats are as surprised as nato leaders that president trump has successfully altered the european order of statism, socialism and the silent economic decay for the continent quest? your -- cast your vote @lou dobbs. follow me @lou dobbs tonight. up next democrats in the national left-wing media launching an all-out war against supreme court nominee brett kavanaugh. we take that up then more with judge jeanine pirro right after the break. where's the picture of the judge we will have her image for you life next. stay with my father passed this truck down to me, that's the same thing i want to do with you. it's an emotional thing to watch your child grow up and especially get behind the wheel. i want to keep you know, stacking up the memories and the miles and the years. he's gonna get mine -but i'm gonna get a new one. -oh yeah when it's time for your old chevy truck to become their new chevy truck, there's truck month. g

wilbur ross and peter navarro on one side.ry kudlow on the other side along with steven enou mnuchin. we have kevin hassett, and ivanka trump and many others who will be joining joe. that's not all we have today we have big things happening here in times square we'll be joined by joe moglia, chairman of td ameritrade. when he was ceo of td ameritrade, he took client assets from $24 billion to 28$20 billion, increasing it by more than ten fold. td ameritrade today client assets top 1.2 trillion. we'll get a good view of what investors are thinking, where they're putting their money to work and what's happening. we'll dig through that with joe who also happens tobe the coac of coastal carolina's football program, making sure he's training this team to be leaders. happy birthday, brian. >> you share a birthday with nelson mandela and richard branson. >> you know who was the 17th >> who >> kelly evans nice run here. >> is that the water sign? >> must be >>> on deck, break out the bacon. d.c. is serving up a heaping pile of pork er

where is secretary mnuchin versus peter navarro t trade advisor? is there an internal fight or is the president just d all? it >> i don think it's much of an internhi fight. i the president and navarro were winning. the president didn't just tmpaign on thisgh trade talk. this idea that the u.s. has been in awful trade deals and that's hurting the american worker and the american company. this is something he'sfo believ decades. this is a genuine -- this is as genuine as it gets when it comes to this presint. and heelieves that being tough and issuing tariffs and starting trade wars with china is ad g idea. some people agree with him. but eve some who agree with perhaps tariffs -- china needs increased tariffs, you know it would be nice if we had some allies. unfortunately, the president is picking trade wars with everyone. we are standing alone while we're picking trade wars with the e.u. we don't even have canada on our side. we're fighting with them too. that's bringing a lot of concern that a pro tracted trade war could really affect the economy

joined by peter navarro, office of trade and manufacturing policy director. he was on -- and you've been on many times over the years. >> good friend of "squawk. >> this isn't orange county. >> not too bad this time of year at least >> you were on "squawk box" the day after the election and the futures were sharply lower >> futures were tanking. >> you reminded me of this andrew should listen this was funny you with the market down -- you weren't in the administration yet. you were in the transition you were in the campaign >> yes >> you said the dow is going to 25,000, even though it was down a lot. i don't remember saying this but i said that's modest >> andrew got all over me for being pie in the sky >> i said that's modest, and the pro growth policies would put it right there. >> what i explained at the time, which is true to this day, is that the president had a clear strategy it was tax cuts. it was deregulation. it was unleashing the energy sector it was restructuring our trade deals, and getting trade on track. those four things work synergistically t

only donald trump who obviously does not like foreign investment much as also his trade advisor peter navarroe has spoken of foreign investment in the u.s. as conquest by purchase using a decidedly military term that is how much he is against that and dislikes it however of course for companies even whether they like president trump or not or its policies or not of course they know that the united states is an extremely important market and that they can't be out of that market so we'll have continuing to invest at some point ok well we know that most of the u.s. trade will right now the drama is directed. china how does that impact chinese investment in the u.s. . well chinese investment is actually down ninety two percent this year as compared to last year so it basically has just fallen of the cliff there's hardly any investment going on right now it was constant actually chinese cell phone maker foxconn is building a huge plant but it really looks pretty much like this is the last big deal of for a while that is the committee of foreign investment in the u.s. is actually blocking all sort

peter navarro having none of it. companieseing u.s. coming forward and saying, wait a second, this is going to hurt us. some have been very shy about criticizing the tro missed ration. she was on it a lot longer than others. seeing gm, bmw, hyundai, all come out in unison and criticize the president. we are seeing the potential for auto tariffs era is the big nuclear option. investors sent friday feels like a pivotal day in terms of what we get. if we are looking for another reason for perceived weakness, this is something here. about how 40%king of the cars at sells are imported from other countries, 80 or 85% of that is from nafta, this is becoming a mexico nafta issue. u.s. automakers probably see better prospects overseas and this is not something the prospect of retaliatory tariffs plus higher prices coming in, it's not something any way shape or form was help u.s. automakers at home or above -- or abroad. david: are we seeing it in pmi's? seeing automakers say the prices will go up. we haven't yet seen a trickle through the prett

ripping america off it's a simple as that and more importantly he has key advisors people like peter navarro steven miller wilbur ross who support that vision now in the long run america will lose jobs america will lose investment america will lose international standing that further erodes its economic power but the gamble that the trouble ministration is is that somehow they can get a short term political benefit if not necessarily economic one that shows that they are tough and the rest of the world has to bow down to american wishes you see he has all these people around him who share his his view of a right is america being ripped off by the rest of the world well i'm sure that your other guest will be able to explain this in detail but frankly no there are other there are always points of trade disputes between countries so for example we might talk that the united states has an issue with china supposedly seizing intellectual property or that china has manipulated the currency market but in general the united states has benefited from trade with china it's been afraid it for trade wit

. >> larry -- >> this is an important point -- >> you're sounding like peter navarro. it sounds like versus what you said march 15th, 2010, on "kudlow report." when we try to put the pressure on china, they don't like that we revolt. we have to deal with them behind the scenes it sounds like you've come closer what peter used to argue. >> actually, i have. >> okay. >> over the last -- >> why change? >> it's taken awhile for me to do this but i've come to that. i think the problem is getting worse. i really do. i'm not a big trade deficit guy. okay balance of payments, you can argue. you buy the dwoods bgoods but t capital comes back in. it's odd to me, through thick and thin, whatever the stage of the business cycle our deficit with china continues to expand there's something wrong there. >> at the same time, larry, you did say once that consumers are so happy about ow-priced goods you taught me that the tariff hurts the american consumer. sometimes it's better to subsidize the industry in bad shape. you said there's 300 million americans that benefit from no tariffs.

peter navarro is on next hour with charles on "making money" tune in for that.ll make the case for the administration's positions. meantime, 213 nowrks jobs around the country added, the unemployment rate going up slightly to 4%. you had people on the sidelines moving back into the labor force. kevin hassett on fox business talking about all of this earlier in the day. >> the average weekly earnings went up 3%. so they went up at a healthy pace. which means that because it's getting a little harder to find workers, the employers are asking their workers to work longer hours. take home pay is going up. hourly earnings were a little bit disappointing. on the unemployment rate it went from 3.8 to 4 because that's because of increased labor force participation and that's the best sign there is in the jobs report. we want to reconnect people that were discouraged by the bad economy that president trump inherited and we want to bring them back into society, get them jobs and back to work and it's clear that that's really the main message of this report, is almost the

outfront now is peter navarro, director to the office of trade and manufacturing policy.me. >> how are you tonight? >> very well. and it's good to have you on to talk about this. big picture here, listen, china's a bad trade actor. unfair to u.s. companies in a host of levels. the real question is about the trade war and what it means for american consumers, economy, et cetera. on that point, when china said the u.s. has started the biggest economic trade war in economic history and vowing to respond tit for tat, do you agree? is that what we're in now? >> that's hyperbole. they don't even acknowledge they steal intellectual property or force the transfer of it. and so the issue here is what does america do to defend itself against these egregious practices? i think of this as a trade dispu dispute. the war is long over. that lasted from about 2001 when they joined the world trade organization to the end of the obama administration. we lost over 70,000 factories, over 5 million manufacturing jobs and china became essentially the factory for the world and put people in mic

at least most of them, apart from peter navarro, his trade adviser.ally have reporting that mark short, the legislative affairs director, had told peter navarro a few months back when they were discussing this bill that this is dead on arrival. there's zero chance congress would ever pass this. they don't, you know, they already think he has too much broad authority on implementing different trade agreements now. they don't want to give him more authority to continue doing that. but this is something that the president has wanted for months. he secretly and privately has been talking with aides about fixing this, what he sees about unfair and unbalanced trade with different country. >> it is this is a guy, dom who got elected in large part, you know, with this economic message. i heard it certainly when i was out on the campaign trail all the time. he's a business man. he's going to fix our economic problems. he has shown a lack of understanding about how trade works, how tariffs work. and i believe -- isn't it true the rules has helped lower tariffs

white house trade director peter navarro discusses the u.s. economic relationship with china. the state department releases its annual human trafficking report. veterans affairs secretary nominee robert wilkie testifying at his senate confirmation hearing. >>> executives from t-mobile and sprint testify that a senate hearing looking into the proposed merger. it would form the country's second largest wireless carrier. they talked about how the deal would affect that of element of 5g technology. the merger is awaiting approval from the justice department and federal communications commission. this a senate judiciary subcommittee hearing is two hours and 20 minutes. >>> welcome to this hearing on this subcommittee on antitrust competition policy and consumer rights. before we start, i want to thank our ranking member and for her staff and their outstanding assistance in preparation for this hearing. i want to thank the chairman of the full judiciary committee for his support for this hearing. after senator clover shire and i each have an opportunity to give opening remarks, we w

president trump is heavily influenced by peter navarro.arro is more interested in china than not, is absolutely certain that we have to stop -- good piece about 2025 in the papers today -- absolutely certain that they want to steal our stuff. like at micron micron today people are starting to say better things, that maybe it is not as important -- >> this report we are talking about, it is the u.s. ambassador to germany is said to be seeking zero tariffs on cars on both sides. that's why european automakers are absolutely ripping today but you don't believe -- >> that would be the greatest thing. that would be a total win for our country because we have higher -- they gave us higher tariffs than we have two take away the biggest single negative in trade right now. because we do a lot more business with europe than we do with china so if this story's true, the rally's justified. but do you trust it? late wednesday reports that richard grinell, u.s. ambassador -- but did you see any tweet there was a let-up on it >> it seems as if the trump

ripping america off it's a simple as that and more importantly he has key advisors people like peter navarro steven miller wilbur ross who support that vision now in the long run america will lose jobs america will lose investment america will lose international standing that further erodes its economic power but the gamble that the trouble ministration is is that somehow they can get a short term political benefit if not necessarily economic one that shows that they are tough and the rest of the world has to bow down to american wishes you see he has all these people around him who share his his view of a right is america being ripped off by the rest of the world well i'm sure that your other guest will be able to explain this in detail but frankly no there are other there are always points of trade disputes between countries so for example we might talk that the united states has an issue with china supposedly seizing intellectual property or that china has manipulated the currency market but in general the united states has benefited from trade with china it's been afraid it for trade wit

only donald trump who obviously does not like foreign investment much it's also his trade advisor peter navarro he has spoken to foreign investment in the u.s. as conquest by purchase using decidedly military term that is how much he is against that and dislikes it however of course for companies even whether they like president trump or not or its policies or not of course they know that the united states is an extremely important market and that they can't be out of that market so we'll have continuing to invest at some point ok well we know that most of the u.s. trade will right now the drama is directed aimed at china how does that impact the chinese investment in the u.s. . well chinese investment is actually down ninety two percent this year as compared to last year so it basically has just fallen off the cliff there's hardly any investment going on right now it was constant actually chinese cell phone maker foxconn is building a huge plant but it really looks pretty much like this is the last big deal for a while a see if that is the committee of foreign investment in the u.s. is actuall

ripping america off it's a simple as that and more importantly he has key advisors people like peter navarro steven miller wilbur ross who support that vision now in the long run america will lose jobs america will lose investment america will lose international standing that further erodes its economic power but the gamble that the trouble ministration is is that somehow they can get a short term political benefit if not necessarily economic one that shows that they are tough and the rest of the world has to bow down to american wishes as you say he has all these people around him who share his his view of a right is america being ripped off by the rest of the world well i'm sure that your other guest will be able to explain this in detail but frankly no there are other there are always points of trade disputes between countries so for example we might talk that the united states has an issue with china supposedly seizing intellectual property or that china has manipulated the currency market but in general the united states has benefited from trade with china it's been afraid it for trade

steve bannon, peter navarro, ready to do it.hinking about the announcement in pittsburgh, and there was an intervention and people like gary cohn. farmers that would get hurt. and what has delayed him is this conga line procession in the white house in the months since then, saying please mr. president do not terminate nafta. he still hasn't withdrawn from nafta. but look, he still went ahead and imposed the tariffs starting with the washing machines and going into steel and aluminum. the important thing that we have not talked about is now in the early stages. president xi, president for life, doesn't have a lot of stic stit stit constituencies. he has his own domestic problems. he is in a tough bind. >> michael, that dynamic, the republicans have in congress, the majority in the house and majority in the senate. how many issues were there where we said this is the one that trump has said something that is going to irk the base. and then he wins every congressional district in the state. so proving that thinking wrong over and

reflected in these prices, but the market in general, look, it's very clear there's a concerted -- peter navarro behind a lot of this we better get used to the idea if there's $500 billion in goods that are exported here from china, there's going to be tariffs on all $500 billion. that's what this is about. it's not about ratchet up. no they're doing it step by step. of course, it marks the almost destruction of the chinese market three years ago was exactly that. >> your point being the $200 billion won't go into effect there's a review period. it'll be until september there's another $16 billion coming on top of the $34 billion that went into effect. >> i'm saying, remember, these didn't go into place tonight there's a review process the review process is meant to be let's see who blinks. not that there is a lot of blinking so far by the chinese i want to keep an eye on the shanghai market. it was only three years ago we thought they could bring down the world. then we forgot how powerful they were i think they could be in the bringing down the world phase. i'm being a little facetious they're

vicki, i want to start this segment with you, with peter navarro, he tells my colleague nothing to worry about here. let's listen. >> china is a sovereign nation f. they want to choose to retaliate against this country, they're a sovereign nation, they're free to do that. it's not going to bother us. if they try to bully anybody else, president trump will stand up to those folks. >> where rhetoric meets reality? mr. trump will stand up to those folks, what exactly does that phrase mean? can strong man rhetoric make a difference here? >> certainly president trump kim pose tariffs on goods from china. the question is how long? doing so, there are rules, international rules around through the world trade organization. which say you can impose tariffs if you think there is dumping going on or other practices, that's there that acts against selling your goods and being competitive. others are abusing their power, either by not giving back the shares if you like of course, he is worried about the technology sectors. the wto has to look and see and they have to work together with china trump pr

-- peter navarro on this morning. was a regular guest it was like kudlow, cramer and navarro. to hear what larry said was a lot harder than anything navarro said listen, there really isn't any movement and xi is intransigent i think we have to start thinking, not only are we not done -- i was thinking of putting tariffs on all $500 billion. let's not oddly bid up shares after what larry said. it was a major impactful statement. chinese statement back is basically, yeah. it is just getting hotter and hotter >> toward the end of the day steve bannon talked about how relative to russia and china is the challenge for the united states that we're going to go into a bit of a dark valley, he said, regarding trade and trying to undo some of what they've done to the united states. take a listen. >> we're at war with china there's three types of war the chinese look at it information war, economic war, and guns up. kinetic war. they've been at economic war with us for 25 years >> he says we can -- i think in his words we can ta

i wouldn't be surprised six, nine, 12 months from now, peter navarro whispering all this anti-trade sentimentump's ear is one to join trump's hot seat as so many eventually do. neil: i go back to the south korean, so-called concession, they didn't do much, they have done more than they have in the past to rectify things with the president. he counted it as a big victory, which is at least better than what we had before with the south koreans. will it be something like that? maybe not a huge victory but something better than what the u.s. had before this and he'll obviously make considerable hay of it, that will be that? >> that will be that. that will be modus operandi, he talks tough, quietly negotiates. there are a lot of republican senators out there like pat toomey of pennsylvania, and others, a lot of republican governors right now are worried this, all this trade talk is impacting their own states economy, particularly the farm economy. the smart ones like toomey are not yakking about trump in the general and always criticizing trump about this or that. toomey is very smart. very quietl

that is a message i will give him -- convey to the way has this afternoon we will be with peter navarro trade economic advisers in the white house to convey that message. shery: on deficit concerns, we know you passed a bill to repeal the medical tax 2.3%. we are expecting that to reduce federal revenue by $22 billion over one decade. why does on the deficit concern you hear? rep. paulsen: the medical device tax is 2.3% excise tax on all medical devices. it was a tax put on as part of obamacare. we had a vote yesterday in the house to repeal it, and eliminated. in the 29,000 jobs sector. it is a big american success story. these are high valued -- high paying wages. they bring life-saving technologies to the united states. we are a global leader in this area. bipartisan support to get rid of onad policy, it is not a tax profits. it is a tax on sales. this is a small measure. it will not have any impact in terms of overall spending or the deficit compared to the jobs we have lost. david: what is the potential effect on the overall affordable care act? where do you stand on that? idea was

david: to be a bit provocative but in fairness, president trump would say he has peter navarro.ave a phd in economics from harvard. he has been an academic. >> obviously economists are still knocking around the place when you go to the white house. there is still economic advice out there. trying toat they're say isn't mainstream economics is not producing answers to the things that politicians really want to have answers to so they are under pressure to deal with immigration or think about the quality of growth and what's happening with inequality. at least the mainstream of the profession has not been very good at delivering answers to those. there's people more on the edges. dieter navarro has controversial views around currencies. it is striking that he's the one that is getting the politicians ear.-- politician's why you are is getting upset like the brexit vote. tell us about the difference between the quantity of growth and quality. had to chair an inclusive growth commission before i came to bloomberg. we were working with cities about how do you improve the quality of t

peter navarro yesterday on cnbc talk about the damage to soybean farmers. is a trade dispute. if we can get that right, it will have very strong, positive implications for the american economy and global economy. china is suppoupsetting the glo economy. we have $32 trillion of annual gdp. the amount of tariffs is a rounding error. >> tell that to the jobs that rely on the agriculture in the midwest which went for donald trump. joni erns, it was cot was compe out a statement. she said 496,000 jobs are related to farmers. we need to lessen the pressure on the farmers and let them sell their goods. there is a risk that trade policy could be the thing to erode public support? >> the number one thing that matters is money. if farmers are seeing less of their money in their pocket, it could affect them. go back to 1998 with the farm crisis in the midwest. midwest moved democratic compared to the nation. a republican president was in the white house and a lot of voters blamed that republican president. if they see less money, they could blame the republicans. >> i

we also had his white house trade advisor peter navarro talking yesterday. he really pushed back against general motors and others. he said the tax on car parts was nothing more but the price of a floormat, and they were talking tight --accid tail tailpipe. --have had bmw, jen day and now magna, based in canada and active around the world, also talked about a very big and injurious impact from the tariffs. is it getting through to the administration? we have to wait and see. as economic reports pile up and ,ompanies, and express support you wonder if the white house will back down. ramy: it seems president trump is not backing down because he spoke on fox news saying harley davidson should not move production overseas. this amp: we proposed few days ago. they made this deal long before they heard the word tariffs. they made this at the beginning of the year. i don't think they should do it. it is an american bike, american motorcycle. they should build in this country. ramy: digging in. ros: definitely. as my colleagues have reported over the past few days,

i like peter navarro a great deal. think he has been on the money in terms of understanding where the imbalances are. this is just about tactics. i would recommend they get together with the president and say, here are some things we could do to lessen the blow, improve investor confidence, help the american farmer, but still get to the objectives we are looking for. i know they are close on nafta. they are probably done on the south korean bilateral trade deal. i have other deals they are working on. peoplesident is telling they are calling left and right to do bilateral deals. we are roughly a quarter of the world's gdp. let's change tactics and soften some of the bellicosity of the canoric so the markets improve and we can stay on the course the trump administration has put the economy on. we will have a big crank -- print in the second quarter. did notne name you mention was john kelly, chief of staff. staff's jobsief of to get those people together, steve mnuchin, and get them on the same page. his john kelly play

peter navarro told me, there would be something special, a carveout for farmers if indeed there is arolonged battle. you know yesterday during testimony from the federal reserve it was all about tariffs and the democrats, i thought it was sort of disingenuous when i heard joe donnelly for instance, talk about where corn prices are, they were much lower several times during the obama administration. same thing with soybean prices. we all want to help farmers, china knows that by targeting them, all they're doing is kicking up political dissent here. >> charlie, it is disingenuous for peter navarro calling out carveouts for farmers because sonny perdue is looking for subsidies for farmers. rather than doing carveouts, they're essentially turning farmers into welfare recipients. thatthat is a very dangerous tr. billions of something going through the commodity credit corporation which something set up way back during the great redeck during 1930s. it is kind of dormant. they can spend up $30 billion a year for farmers if they are hit hard for tariffs. we don't want the trade tariffs to

over the weekend, a lot of the chinese newspapers called president trump, lighthizer and peter navarro the iron triangle and they were the only americans in support of this tactic. what do you make of it so far? >> well, i'm not sure they're the only americans in support of the tactic. i agree with brian, i think the broad consensus is that this thing is more than a tact, it's economically constrictive. i think the long-term play has nothing do with going through with tariffs on what now is half of all the imports from china into the u.s. that's what we're up to now. the long-term play is to negotiate to get some intellectual property relief, to get some of the unfair things worked out, and charles, if the market believed that, we wouldn't be down 7/10 percent, if they believed this was a big deal. we'd be down multiple percentages. >> to your point about tax hikes from president obama. let's assume we'll get the additional 16 billion to go with 34 billion and september comes and get 200 billion. i've done the math. tariffs add up to extra increase on the imports from china of $32.5 bi

we just heard from peter navarro who said that there was a misunderstanding about the administrationsde policy, saying that there are actually no plans to implement investment restrictions on china and others. could the market action today have dissuaded the administration from putting those curbs in place? >> we have seen this situation where markets go down because they see changes in policy, then a spokesman who has been a cheerleader for that particular policy goes out and says, nah. that is not what i meant and that is not good. it's increases uncertainty. >> race to rebound shares up today as the ceo shrink the company in order to save it. we've got the health care. and distributed our business. >> this is a radical break up, what people have been waiting for, and it goes a long way in simplifying ge to making it less of a conglomerate. and john flannery believe use this as an opportunity to change the narrative in terms of the way the company communicates with investors. when you think about it health care business, it has been a starved for capital and attention within ge, and

they had a nugget about how mark short in the white house said to peter navarro in the white house, this dead on arrival. it's not going anywhere. there is no way republicans are going to pass any sort of legislation that backs the u.s. away from the wto. they see the wto as an ally. actually when the united states thinks another country is implementing unfair trade practices against us they go to the wto, who regularly rules in favor of the united states. there is no way the republicans will support this. i think this is blueser the. but we thought a lot of the tariff stuff was bluster and look we are engaged in a trade war right now. >> tactical bluster. a lot of this for negotiating position. >> if you are in business the uncertainty of a negotiating tech tack doesn't work. that's why you have seen u.s. chamber of commerce basically come out and say tariffs are taxes. >> farmers in iowa. >> exactly. >> that's part of the trump base. interesting to bring up the tension among conservatives over the trade pall policies, one of the few areas where they will buck the president. >>> coming

. >> on march 2nd, another advisor to the president, peter navarro, said he didn't believe that otherntries would retaliate, because the u.s. has the largest economy in the world. again, we're seeing pushback related to this. mexico, the european union, canada, all put on their own retaliatory tariffs. in fact, canada saying they're willing to sit down again and talk about nafta, but again there's no discussions scheduled for china on nafta. ed, back to you. >> new technology making it possible for people to manipulate videos of people saying things they never said. videos are known as deep fakes. as trace gallagher reports, they're quite realistic. >> two lines, but with one single memory. >> remember the 1980s computer-generated tv host? >> don't make a point of saying that too often. once more will be too often. >> how about john wayne, posthumously settling a bar fight in this coors light commercial. or this hologram of the rapper tupac performing at coachella in 2012, even though he decide 16 years ago? in the past, these video deception have been used for entertainment purposes,

i think what president trump and some of his more antagonist antagonistic -- like peter navarro, a lot of others that ship has sailed. that's not going to happen. we have farmers in north and south dakota who wants to sell more in the chinese market. we have those lobster menus to talk about. despite some unfair things china does and now their hands are being tied of tariffs on their products. i like to think of these tariffs is in a way make brazil great again because it means brazilians cancel more to china and u.s. cancel less. of the entire nature of the global supply chain is something that a lot of economists and free traders are not going to happen and the thing that the trump administration are trying to do that's ultimately negative to the u.s. economy and not positive. >> ana, reporters like you have been crossing countries and talking to manufactures and farmers. my colleague here is no exception. he tours states in the hartland of the united states. he wrote in his piece. "the president's brand of negotiations will trade off." maybe in the short term the effects could be ne

associations have warned to see higher prices as a result but the administration according to peter navarrohinks that the tariff would blunt that impact navarro said that back in june when the white house first set sights on tariffs that would touch nearly all of china's imports is china retaliated. and then china did and it says it will again as the commerce ministry is pulling firm and forceful measures, but china has not said what they will be. with the tariffs teed up for this month, the question on investors minds is, why now? there are a few reasons. first, to get the ball rolling on a lengthy legal process to impose the tariffs second, to ramp up pressure on north korea rebelling and no trade talks on the horizon and third, to issue a warning to nato allies with whom president trump is negotiating as we speak. a senior administration official said that nato and this china decision are not related except that the u.s. wants help from nato allies in pressing for fair trade. though john, you would be forgiven for thinking, given the combative tone of the president in brussels. >> absolu

advisors, steve mnuchin at treasury, larry kudlow, but he is getting protectionist advice from peter navarro and wilbur ross and robert lighthizer, and they are ascending in this administration so the president impulses and tendencies on trade are being reinforced. we are going to pay the price for having a real-life experiment here. economists of and saying free-trade is great for the united states, it shows in our economy at the opportunities created. but we are going to impose tariffs on hundreds of millions and we arein goods, going to see the damage before our eyes. it's just getting started, that's why it hasn't registered get with hundreds of trump supporters. we have proposed $30 billion or $40 billion and we are rapidly heading toward $400 billion or $500 billion in imported goods that are facing duties. host: san diego, eric on our democrat's line. me for ahat bothers long time now is that no one ever talks about the fact that makerump and his daughter all their products in some other country, and mostly china. and then he is fighting china. maybe because all his products come back

policy...everytime there's been a reaction, he's doubled down"but the president's top trade advisor peter navarros the administration has one simple demand..."all we are looking for is free trade that is fair, balanced, and reciprocal..."navarro says americans voted for a new approach to trade when they elected president trump. in washington, i'm mark meredith. (vicki) ahead at nine... the city of san francisco may no longer be the place to hold big annual conventions... find out what may be driving them away... and the impacts it has on local businesses... (ken) plus... an independent newspaper column celebrating straight pride-- sparks outrage.. but now the vice mayor of one northern california city is under fire tonight for defending the column and calling for a "straight pride american month" (vicki) and after the break... move over 'permit patty'... 'bbq becky' and 'burrito bob' there is yet another viral video stirring up controversy... we'll tell you what a man was complaining about this time-- about a fellow bart passenger... (vicki) bay area viral videos are stirring up controversy and g

so was peter navarro.have that differentiation in terms of trade policy at a time when north korea is making fun of the secretary of state and those negotiations and the meeting with vladimir putin, the stakes have been intensified following the g7. interesting toe see the frosty response the president will receive from his european allies. tom: who will travel with the president? kevin: in terms of the itinerary, the official manifests is unknown. the president will depart for andrews air force base and then depart for europe later this morning after 7:00. i can tell you the president met yesterday with the vice president, discussing the russian meeting as well as the europe trip. kevin it, thank you so much and safe travels. here at westminster abbey, malcolm is with us. malcolm, the prime minister and the british government, they have to appear at nato. how changed will they be with boris johnson? how changed are they in the last 48 hours? malcolm: we will see a difference in tone rather than substance.

peter navarro, white house office of trade and manufacturing policy director, is on "making money" tonightp.m. eastern time. it is a first on fox interview. >>> well, this jobs report, wow, that june report taking center stage today, overwhelming news of a trade war. a couple highlights to show you right now. wages rose 2.7% on an annual basis in june, that is a tenth below the forecast, and that does keep worries about inflation at bay for now. another one bright spot, manufacturing jobs increasing by, get this, 36,000 in june, more than double the forecast and putting the total number of americans employed in manufacturing at the highest in nine and a half years. let's get right to our floor show, traders at the new york stock exchange and the cme group. tim anderson, you know, i just say that that investors' reaction to what transpired early this morning between the chinese and the united states has really caught a lot of folks by surprise. but futures were telling us early on that you weren't that concerned about these tariffs. why in. >> well, it certainly wasn't new news. i mean, it'

wilbur ross is there, peter navarro is there. but in congress, republicans don't like this. grassley yesterday. he said when you and i discussed ethanol, i told you people in iowa were nervous about epa, not serving you well. i added people were more worried about your tariffs. i should have added how it could deject because of policy. the republicans are trying to do everything you can. i think you'll hear more like this. >> he has been more consistent on this issue than even immigration. to the point where staff's now preparing legislation that would allow him to opt out of world trade organization rules to show it to the president to make him happy knowing congress would never approve it. >> earlier republicans weren't standing up and saying anything. now the message is not subtle. they're going up there talking to the president and telling him this is not going to work. including the chamber which republicans need the chamber to spend millions of dollars to help them elect republicans in november. >> fascinating economic story. we'll keep at it. thanks for joining us tod

ross that there's no line in the sand there is they pay attention to the markets all the time >> peter navarro, 3:30 in the afternoon, let me advance it from a step further. do you as joe has suggested, josh and others, you stay with the small caps you go with what works trade is a mess, these talks, fights, tit for tat stuff. you go with the small caps that's why the russell has had the run. >> i think you have to be sensitive to their end costs and what their supply chain is this could go from goldilocks to joe blixet, where there's a cloud over his head. >> do you still think we're in goldilocks >> no, i don't i think we could be but i still see trade wars adding to inflation pressures which gives a faster liftoff than rates that can be damaging. >> since june 14th, the market has been a sale/rally type of market over the last week, the market has come back slightly, slightly, because of technology. i don't think you can dismiss that slk is up 1.5% technology is dominating the large majority of the gains for the s&p right now. >> technology getting a little help -- >> no help from semi, tho

i'm working very closely with secretary ross and those at the white house, peter navarro and others to try to make sure that we get as much information from these industries to see if we can create a little momentum for the eu trade deal. blake: let's move on to iran because the u.s. government had said as they stepped away from the nuclear deal, hey, to all the businesses in europe, you shouldn't be doing business with iran. i know this is something that you are in the middle of right now trying to get businesses not to work with iran but to try to get them to pull back and do business with the u.s. what are the incentives right now for these companies in germany to do this? >> look, to be honest, it is an easy sell. when i talk to ceos of large companies, they say, you know, there really isn't a difference between the u.s. market or the iranian market, and again, they get to choose. they can either choose to do business in iran, or they can choose to do business with the united states. but we've made it clear that you're not going to be able to do both. and so what i hear from large

you can't have steve mnuchin, peter navarro going out on networks talking their book.onversations should be kept in the oval office where the commander-in-chief makes the decision. trish: walk me through that. that steve mnuchin, that we're going hard after china and it is wait, what is really happening? >> keep it inside of the room, you have a deal. is that why we were down so much? >> i think uncertainty fit it. that is what investors reacted to. the numbers are still pretty good. i think they're reacting to uncertainty. trish: go ahead. >> in the past we had trade deals. they were kept secret. the public didn't have any idea what was going on when these trade deals were put together. not happening today. this is wide open. everybody has, you know, some knowledge of issues being discussed, which goods are being targeted, so on. this is perhaps refreshing for a democracy. a big improvement. >> i think it is great. i say this as business and economics reporter. sometimes, i was once told in my career, don't say gdp on air, please don't say gdp on air, no one knows wha