non of president trump's top economic advisers are necessarily in favor of tariffs aside from peter navarro the trade advisor who has a famous or infamous rather protectionist stance on trade we know that congress is against it we know that american carmakers are against it they're warning that when it would cost hundreds of thousands of jobs the very thing that president trump vowed he would create during his presidency as well as consumer groups saying that this would increase the average prices for vehicles and many people in this country a very reliant of course on their cars to get to their jobs in remote parts of this country and something you know something to be declared a threat to national security that would also have to be signed off by the defense secretary we know that the previous defense secretary james mattis was rather dubious about that as well despite these reservations donald trump is known for holding on to the blame if you think it's the right one all we know one step closer to terrorists on u.s. car imports i wouldn't necessarily say that we've got ninety days now to

what does it mean that peter navarro is apparently not going? will give you the headline on that and then give you my thoughts because they are vastly more important. [laughter] the headline is it is positive. navarro is a tree talk and you think that if he is not going we be a little more amenable to putting a deal that made sense for both countries. my thought is it really doesn't matter not about navarro but you get right down to the bottom line and you have two countries with a combined gdp of nearly $35 trillion, even if every dollar of the 200 billion, 25% is collected, which it won't be and there will be workarounds, countries will - china, us will shift through or import through different countries to avoid the tariffs but even if every dollar is collected in amounts to .2% of that gdp number. it is nothing, it's a rounding error. my take away is i'd like something to happen in like there to be no tariffs but even if nothing gets accomplished we seen the tariffs but a place for a while and companies are reporting their earnings and there'

i wouldn't say peter navarro is totally unwilling to compromise with the chinese that would be wrong, definitely wrong. but you should consider the second part of his title, manufacturing policy to him the war isn't just about getting more favorable terms on the chinese on buying some stuff. it's about preventing their companies from stealing american technology and using it against us economically, and who knows, i think ultimately militarily. i had the privilege to be a judge on the president's old show, "the apprentice. google it, millennials and i think that's a useful prism. navarro and lighthouser, they're all on one team. mnuchin and kudlow are on the other one. when push comes to shove in the boardroom, i think navarro's team wins. however, the stock market very much wants a deal, and the calculus changes when stocks get hammered the president cares about the stock market equivalent nielsen ratings when stocks crader over a series of days, he tends to move closer to the kudlow/mnuchin camp the show must go on. they tell us not to worry, we'll come to some kind of arrangement,

do we talk to peter navarro, wilbur ross at commerce?n the end they talk to the president of the united states. that's what they can do next week. charles: doug, good stuff. i love reading your reports every morning. >> thank you. charles: we're following the rally as pressure mounts for trend-setters to get in, especially those professionals that missed this move, right? the dow is up 350 points. i wonder if they make their move. >>> democrats already lining to challenge president trump's national emergency to build the border wall in court. we'll break down the possible outcops. >> we'll have a national emergency. we will then be sued and they will sue us in the ninth circuit, even though it shouldn't be there. and we will possibly get a bad ruling. and then we'll get another bad ruling. and then we'll end up in the supreme court and hopefully we'll get a fair shake. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond n

remember where he found peter navarro?shner found him in an amazon search searching for an economist who had points that backed up the president's views. i don't know how we could say there's no larry kudlow or kevin has set. those two men are standing with and behind the president. >> that is true. the extent to which there's broad discussion of bigger economic positions he talked about infrastructure, about prescription drugs. what was interesting was it was a call to greatness. but there aren't great calls in there. what were the great calls here that we were going to -- infrastructure, prescription drugs and immigration and trade. >> steve, great having you here. up next, more scrutiny over president trump's inauguration. new documents obtained by pro publica reveal how the chairman of the inauguration aimed to profit off his newfound connection to foreign dignitaries as a leader of the free world. n dignitaries aas leader of the free world ( ♪ ) ready to juvÉderm it? correct age-related volume loss in cheeks with juvÉ

. >> i did enjoy peter navarro talking about the stench of goldman sachs in peter's speech -- lou: and unregistered foreign agents. >> that too. lou: we could name names couldn't we? >> let's give the president some credit. lou: wait a minute. one minute you want to praise him and then find him in deficit of credit. he's never either on this broadcast. never short of praise. >> i think the chinese see him as tariff man. they translate that into china into their press. lou: i understand the importance of understanding the enemy. i also understand the importance of disregarding -- if you will, just because they have to be at the table doesn't to me in any way garnish it. this president is the only one, think about this, the only one leading any western nation who has stood up against the chinese and said end the deficits, end the external debt that is rising uncontrol bly -- >> the theft. lou: and stop the intellectual property and technology theft that you seem to think is a birthright that is of the pla. i mean, it's madness. and then the united states turns to china and says as part o

i want to introduce peter navarro, two great economic people. they will give a talk what happend and how good we are doing. peter, do you want to start? theater: thank you, mr. president. i remember back in the campaign, said thisers president could not restore manufacturing to the country. i will show you a couple pictures here. we have a chart that shows the loss of 192,000 jobs during the eight years of the obama administration. it did tick up a little bit during obama's last two years, up,00, but it is absolutely by the policy of this president 473,000 since inauguration day , and over 500,000 since the election. and then you can see how the emphasis is on this administration in putting men and women to work with their hands to work. you can see the jobs created in the obama administration -- 1% of the total job gains were manufacturing, compared to 10%. the folks here that you see on the president's right come from across this great country and a build, essentially the mother's milk of americana -- water mains , and we salute these workers t

everybody across the spectrum for him from the trade hawks like peter navarro to those who are more free trade like wilbur ross and steve mnuchin, the treasury secretary, he certainly got a good rundown of what transpired in beijing last week and was able to plot his next move. we did hear from china's he said ithe -- xi, was important progress. mewasn't that interesting to that steven mnuchin and robert lighthizer had a meeting with xi while they were in beijing. i don't know if that was inspected, but they certainly met with the highest levels of officialdom. presidenttells be trump, he is the stock market president. he would like to see a deal to keep this momentum in the markets going. in the meantime, president trump's national emergency to fund his border wall. we knew this would be a drama that played out in the court. we're already seeing litigants lining up. ros: that's right. we know that a couple of environmental groups and public interest groups have already sued. the lawsuits are in. we expect california to follow suit on monday. the attorney general said today that he would

fall of their own weight and on trade matters the best thing this administration could do is send peter navarro to peru or something. >> not far enough way a. put he block and revoke his passports we can't get back in. i mean, his view of trade is largely what's driven the bizarre outcomes we are seeing on tariff issues. i agree with jim that ambassador lighthizer, he is a pro. he's been doing trade policy work for 40 years. he worked with bob dole in the senate. this is not a guy who just out -- just fell out of bed and developed a theory about trade, which i'm not sure does apply to mr. navarro who's also an intemperate, rude person, right? i do know what his redeeming qualities are. i'm sure he has one. i think that would be helpful. >>> i'm sure he has one and so i think that would be help. and i think right now the riddle is how to withdraw the tariffs and how do you explain the withdraw of the tariffs. i think that we'll see that withdrawal in the foreseeable future and i agree with gary, i don't know how the canadian parliament can take up this agreement while the tariffs are in place an

does this mean that you introduced me to peter navarro we're friends, i admit that. a very long time. is there anyway the chinese can back away from the 2025 initiative can those things really happen >> yes as part of the documents -- and i can't go too deep into that. but as part of the documents the de-emphasis of their 2025 and the significant reduction of china subsidies to those target industry is part of the documents, okay? that is so important because it gets to your point again, i'm sitting here talking to you all this morning. we have to have a sign-off from president xi and the top brass but the documents are very clear. i mean, even things like a currency deal got no manipulation they've got to report any int interventions in the market. that's part of it. yesterday mr. lighthizer announced before congress that we were suspending the 25% tariff on the $200 billion of good and services, a suspension for now awaiting china's response we have never gone this far. we have never covered so much ground it's a question now of waiting for the other side to come b

lighthizer, trump, peter navarro were the iron triangle. nobody thought it cobe done.ating a trade deal with japan. i want to get back to what you said, if enough people don't believe it will happen, if it does we could see the market react hugely? >> there is tremendous amount of upside. we're not back to the highs where we were last year. there is lot of pessimism in the market. the poll from bloomberg clearly lot of people don't believe major things will be done. when you start talking about intellectual property changes, and illegal subsidy disfor soes, if you want to do business with china, you partner with local chinese company, they strip out your intellectual property. no one wants to do that. march 1st is arbitrary deadline. we're talking about major structural changes here. charles: president trump said as much. it is just a number. to be quite frank with you, brian wesbury, i don't think we should have ard lines anymore. think i we're near the finish line. i don't think we need them anymore. if president xi comes next month, whether washington, d.c. or mar-a

and lighthizer lighthizer and peter navarro. >> i got to come over here to do the tease.if you want all i'm saying is the opening bell is coming up. stay with us (indistinguishable muttering) that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. ♪ ♪ each day, brings new possibilities. that's why you need a partner dedicated to helping your company reach its goals. u.s. bank -- the power of possible. >>> you're watching cnbc's "squawk on the street" live from the financial capital of the world. the opening bell just under two minutes. busy friday, we covered bezos ami, jim and david talked about the chip cycle tony saginaki at bernsteinappleo be down 19, implying a material pushout in upgrade rates. >> tony, i

negotiators, all the usual suspects, this time including china hawk and white house adviser peter navarrothe u.s. is pushing for permanent structural reforms that would be enforceable. china pledged to buy more soybeans and energy. the two countries agreed any deal on paper would be in the form of a memorandum of understanding. the contents are still to be finalized. president trump was briefed on saturday on the last round of talks in beijing, following which he tweeted about the progress being made on so many fronts he called it big progress that was being made but as the administration moves to de-escalate tariffs on china, it is considering new tariffs on autos and auto parts, a policy that would target u.s. allies. trump commissioned this study last summer as a way to gain more leverage over europe and canada since then, he suggested he wants a 25% rate it is unclear if the commerce research supports that or when we'll see the report itself or whether we'll even see these tariffs enacted. the president has several months to decide which policy he would pursue a senior administration

when peter navarro comes on, he's talking about hegemony, belton road, 2025, they got to disavow themselvesf the 2025 world domination slant. >> not going to disavow themselves of it they may stop using it in terms of -- >> as a road map that is the sticking point, so what you have to do is you can't just buy stuff, you can't commit to buying more boeing planes, you have to let american express come in, it has been on the desk for a long time, and have their own. visa and mastercard have to have their own. no more of these joint ventures. david, did you mean -- the brooklyn case about what they stole from t-mobile. they have like people, you know, they have transcripts. >> back to huawei. >> transcripts of people saying we're going to steal this. david, that is not among the counsel of nations remember the wto. >> let's analyze it quickly. so many earnings too here is mnuchin. >> we'll do everything. >> on "squawk box" a few moments ago. >> a wide range of issues, we're working around the clock if we can't get to the deadline, that's not because we haven't worked around the clock. i think t

lighthizer and china hawk peter navarro as well as the commerce secretary and nec director larry kudlow this is the last round of trade talks with china before the president, president trump heads to vietnam for his second summit with north korea's kim jong-un and before that march 1st exploration of the temporary trade truce, trump said multiple times, be willing to extend that if talks are going well. as for what's on the agenda this week and what is left to essentially cross off the list before a memorandum of agreement could be notched, well, a ustr spokesperson said we have until march 1st for negotiations for a constructive process, not discuss specifics or negotiate publicly so far, the u.s. approach though has been focused on making these permanent structural changes that are enforceable to the chinese economy. they've also talked about cyber security as well as currency stabilization while china's focus has been on making a pledge to close the u.s. trade deficit and also getting the u.s. to roll back those tariffs. we'll see if any of those can be agreed upon by the end of this

not peter navarro or larry kudlow or wilbur ross.ces we have heard on tv that have derailed sometimes these rallies. these are the two guys sitting out there and ken mahoney is back with me. this tells me the white house is serious about getting this thing done. we are through the sabre rattling phase. let's get it done. >> we have good cops and bad cops. they will bring people to this summit who really want to make a deal and leave behind the bad cop, so to speak. charles: lighthizer is no joke. he has been the man in all of this. he knows his stuff, he has been through this and he knows how to -- we had a similar battle with japan. he was involved with that. he knows how to paper these deals. people are wondering where's the framework for it. after we get the first level, the deputy level, then the principal level, seems like the stage will be set. >> u.s. and china have both to gain and both to lose. we are tied at the hip at this point. we see what's happening, we see the numbers, see what's happening here when we don't get a dea

negotiators, especially bob lighthizer and peter navarro are tough on the chinese. they're going to insist on some structural reforms to things like subsidized state owned enterprises and theft of intellectual property. cheryl: i don't think the chinese will be willing to move on that do you? >> it's going to be in their interest to give something, because i don't think that bob lighthizer will recommend that the president sign a deal unless there is something there. and u.s. business is coming around to wanting to get results in the structural reform area. so my prediction is that there's going to have to be something in that area for a deal to get completed. cheryl: well u.s. businesses want to see it and markets really want to see those tariffs taken off the table in general. well, there's a lot that's at stake this week. thank you so much for being with us this morning. >> my pleasure. thank you. gerri: investors following signs of progress in washington on the border security deal to head off another partial government shutdown. cheryl: we get the latest on tha

peter navarro was not considered a principle in the final negotiations. thought that was as buy signal. >> if we're taking hard-liners like navarro out of the equation, there is a chance we'll settle on something and bump things along. however if you really dig down this is a technological arms race we have with china. president trump just signed this artificial intelligence legislation to help spur that along. you know this, is really protracted and something we're not going to come to grips with anytime soon. if you get the hard-liners back in there i think the tariffs will be in there for much longer than investor belief. charles: erin, i'm looking at data, hermes through the roof, louis vuitton through the roof. did erin go to china on vacation. >> no. they did that all on their own. charles: it was a good tell, right after that, a couple months after, that everything stalled including the market rally. are you seeing a sign we could be on verge of perhaps something? won't be a deal to jack ablin's point that clears everything obviously but enough of

the delegation does not include peter navarro. it feels like all the pieces are coming into place.hat am i missing? >> well you're not missing anything. the idea of a framework and not slapping on tariffs at 25%, that has been around the past month. if people think that is possible, what could happen on the positive side, based on the large number of meetings that have been held so far, how many hours have been sent by senior china niece officials, senior americans, trying to understand what exactly is the issue. as you know, charles, very well, i've seen you do this on some of your shows, president trump knows it very well, there is a very bad history of american presidents letting china get away with really bad misconduct the past 20 years. the chinese understand the problem, they have got to rein in some of this misconduct. how much they will concede tomorrow and friday, that is where the mano y mano drama that is. the basic constructive news the two sides have talked a lot about our complaints. we'll find out how much they will meet us. i hope it is halfway, that will excite th

mnuchin, commerce secretary wilbur ross, white house economic adviser larry kudlow and trade adviser peter navarro, china's vice premier liu he will head his country's side of negotiations. both want a meaningful long-term deal out of this, not a temporary fix. china's top diplomats saying they are hoping for a bold trade agreement and the white house says they want structural changes in the u.s. and china trade relationship. so this is not just about china buying more corn and soybeans. connell? connell: hillary vaughn, china trade live from washington. thanks. melissa: ignoring the red flags. the german government is still in talks to allow huawei to participate in the country's high speed internet system. can you believe that? that is according to the "wall street journal." the initiative comes despite the u.s. government's multiple warnings about concerns surrounding the chinese tech giant. susan li is in the newsroom with the latest on this one. susan: so we have the u.s. pressuring allies around the world, that includes germany, to stop working with china's huawei. well, after ministerial re

i asked peter navarro on this show where's the money come from? dollars. >> i agree. >> okay. the reason it's taking longer than it should or we would like it to is because they are not content to have just an influx of purchases of soybeans. they really are going after the intellectual property issues and things like that. i know you don't like the tariffs. i wish they would come up with a different way of trying to get concessions on this. robert lighthizer is serious about this and it has to happen. >> how do you change something that's been going on for so long, decades and decades? >> allowing companies to come into your country without forcing the 50/50 joint venture where they take all your intellectual property and copy it, basically. >> i'm also tired of the undisciplined messaging. four times today they changed their story and when they saw the market down over 300 in the last hour, ooh, they came out and said maybe it's going to be closer to march 1st so they are watching every tick in the market. i just wish they would do one thing. sh

i think, on trade matters, the best thing this administration could do is send peter navarro to peru or something. >> not far enough away. not far enough away. north korea. north korea. >> put him on a melting ice block and revoke his passports we can't get back in. i mean, his view of trade is largely what's driven the bizarre outcomes we are seeing on tariff issues. i agree with jim that ambassador lighthizer, he is a pro. he's been doing trade policy work for 40 years. he worked with bob dole in the senate. this is not a guy who just out -- just fell out of bed and developed a theory about trade, which i'm not sure does apply to mr. navarro who's also an intemperate, rude person, right? i do know what his redeeming qualities are. i'm sure he has one. i think that would be helpful. i think that, right now, the riddle is how to withdraw the tariffs and how you explain the withdrawal of the tariffs. i think that we're going to see that withdrawal in the foreseeable future. and i agree with gary. i don't know how the canadian parliament can take up this agreement while the tariffs are

peter navarro mentioned those names this morning. and at trade as a weapon the biggest economy has the largest weapon. >> and not a precision weapon at that. >> it is creating a lot of pain in back states that slept with toies by mexico in response paris. we are replicating what we did. you may remember this back in 2009, when mexico responded to the u.s. decision not to comply with mexican trucks to the united states. we did the same as what is being done now. >> i have a question for the ambassadors. mexico and canada have traded with the e.u., is that the safety net against nafta withdrawal by trump? >> very much so. renamedingly enough, we our international trade mr. with international diversification. 79%. exportsexports -- vary going into the united states. given the way the white house is operating, we have had to operate quickly. not that they are taking away from. negotiated our european well before mr. trump arrived on the scene. is wehe situation as it recognized it is imperative for find new move and markets given the unc

we hear so many things from peter navarro saying we're not going to have this kind of deal.ntellectual property. we're not going to give up on basically theft. and so what i hear is one side wants a lot of stuff bought. i think the mnuchin side is about having stuff bought from us and i think the navarro side and also vice president pence's side is to say, listen. this is about military, spying unless they cut that stuff out, we're not having a deal. you've got two sides of the camp >> it's interesting though because the treasury secretary had said to us that the purchase of soybeans, for instance, was the -- making a mountain out of a mole hill basically. that that wasn't a big thing buying stuff is not the heart of the deal and yet -- >> no. well, it's not ag. the idea is that they'll commit to buying boeing, commit to apple. the idea they'll commit to emerson, honeywell it's not ag. and it's also like joint ventures will no longer happen they'll let morgan stanley in. they'll let jpmorgan those are all fine and that's what secretary mnuchin wants. but when you start getti

president trump met with trade aides, everyone from the hawks in his administration, peter navarro, andthers, representative lighthizer and the very pro-trade captain as well. it is hard to know who is driving the bus in terms of his trade team but he would have heard from everybody and said something upbeat. in terms of the domestic situation, funding the border wall, it is playing out as we imagined. there are already legal challenges in the making. ros: we have been expecting those, and some have already come from various public interest groups. we expect california and a consortium of other states to follow suit monday even though it is a holiday. see you in court is kind of the bottom line here. for congress a lot of sort of challenges ahead, congress is out in the coming weeks. when they come back we would expect a vote in the house and later in the senate, very likely a vote to overturn the emergency declaration which it is likely trump would veto and then it is likely there is not enough votes in the senate, at least in the senate and probably in the house to override that. it i

. >> that phrase was used, if you remember, by peter navarro after listening to justin trudoe, the canadiant president trump's trade talk not going the right direction there. >>> my story facebook changing its performance review system. the company announcing it has revamped the criteria for evaluating employees and will base bonuses in part on how well they make, quote, progress on the major social issues facing the internet and the company good luck on figuring out what that means. >> and how you'd monitor it, exactly. but listen, i don't know if this is just an announcement that they're making to offset some of the other bad news that they have had, but it seems like an odd thing to force on your employees and a very difficult thing to monitor as well. >> but clearly indicative of the direction facebook banwants to k itself in. it's not growth at all costs anymore, it's we're trying to make a change and influence the social behaviors. >> it's back to that old messaging mark zuckerberg used to claim, oh, i want to connect the world, nothing about making money. sure. >>> up next we'll talk

robert lighthizer, treasury secretary steve mnuchin, wilbur ross and larry kudlow and trade advisor peter navarrothe white house says their goal is to make significant structural changes in the u.s.-china trade relationship. at the center of it though, controversy over china, forced technology transfers and stealing intellectual property. chinese officials continue to deny they do any of that. both the u.s. and chinese officials are are eager to make it through the negotiations with a deal. china's top diplomat, state counselor says they too are open to change. hopes the two countries can reach quote a bold trade agreement on this. connell. connell: hillary vaughn, live from d.c. as hillary said, you heard the president talk about a place called china as he puts it. this is a big time for the markets. the dow coming off eight straight weeks of gains. we'll see whether the strike ends this week. joe duran joins us, and fox business's deirdre bolton down at the new york stock exchange is with us as well. been trying to figure out, joe, start with you on this, what we're sort of pricing in on market

that most, most people are telling president trump this is a terrible idea, with the exception of peter navarro. connell: of course. >> right. i think the president sees this as a nice leverage tool, just to keep in his back pocket. we don't know what the commerce report says, whether it recommends to use this or not but yeah, i think this is seen as a point of leverage. whether it actually happens, i mean i don't think anyone, it is not wise to guess as far as -- >> you make a good point about the support of this, because the president has built something in the business community, and political community i suppose, of a coalition of support around what is he doing with china. maybe to the surprise of some, so many are now supportive of at least the efforts the president is making. but here, even the u.s. auto companies, right? >> right. >> ones that theoretically are not for it. >> auto makers in the u.s. are uncomfortable with this. there is not much support for this. it is all interconnected. connell: what about this giaours. we talk about europe and types of governments. socialism versus c

hour ago in the indian treaty room in the eisenhower, the two sides flanked by robert lighthizer, peter navarrosecretary of commerce and their chiefs of staff were in there as well. across the table vice premier and newly special appointed envy for china's trip who has been tasked with negotiating on behalf of president xi jinping himself. that's an issue that's come to the fore with china wanting to know from the u.s. side who speaks on behalf of president trump. who here hold the view that he agrees with most because multiple times throughout the course of these negotiations, they have believed that they reached a deal to hold off on tariffs only to have things escalate when a different figurehead from the administration leads the talks here's what we know about where things stand right now first reported by reuters which cnbc has later confirmed, current lit sides are working on drafting memoranda of understanding in six categories ranging from cyber security to currency, intellectual property, agriculture, the list goes on. where exactly these two sides have found agreement on those issues,

that are continuing to go on with the potential news that they've been extended by 60 days >> peter navarro bob lighthizer do not look at that number as a serious number they think the numbers are not as accurate as some people think. >> no. >> china seeks to lure u.s. to boost chip purchases that's not what we're talking about. we know it's about the 2025 domination plan. i'm going to keep hammering on that you get anything good out of china, that's going to make people think there's lesslikel a trade deal and what happens is the market goes down >> i want to look at oil by the way, china export growth that much, is that good for europe >> the european gdp numbers that came out today were really disappointing. just a consistent parade of disappointing numbers out there. germany was not so hot they have no growth there. other than cisco and a couple companies like sales force there's no business over here. i'm sorry to be so definitive but i came out here every day and said it and i was ridiculed. >> that's part of the job. >> the eagles were ridiculed and they won the super bowl. >> exactl

so i think if you're listening to, say, peter navarro, or lighthizer, they say, listen, why are we -- a deal we're winning. it is a little more zero sum with it. >> something we tend to keep an eye on as well, given its influence on the market is wti crude. down again we're talking 50 -- well, 52 level. last week around 55. >> that seems to be the upper limit. the long-term curve for oil was, oil dropped just precipitously in the last -- >> you got the dxy at 97 today isn't this santelli's like magineau line. >> china has become a proxy for oil, oil a proxy for china even though oil, understand, please, everybody, we are the swing producer and we determine what price i'll does not the saudis anymore and there has been a big ramp up, big rig count ramp up on friday we're not quitting we're not quitting and the permian is just gigantic and not running out, despite what bears say i had rusty brazil on, rbn, i think the best guy on oil. a lot of people don't agree with that the oil curve is still 50, 55, out five years, but, oh, my, just a production, it is insane coming from the permian.

. >> sounds like you're in the miles to go camp we have not seen peter navarro on our air -- >> i miss him so much. you say, like, fire in the hole, you can't just keep doing fire in the hole, what i would point out is that it is going to be long and that's good for the american businesses that are trying to move out of china and the more businesses that move out of china -- >> you're ready to have this hang over the market for months. >> the longer it hangs over, the better. >> it gives people time to adjust supply chain. >> exactly right >> you're getting more bellicose with time. >> i've been completely -- i used to have that show "kudlow and cramer ," i was saying, you can't trust them >> by the way, you're in the alone. but i think the fear among hawks on this is that trump will cave. not that china will cave. >> look what he did with north korea that was so brilliant. about denuclearization now it is about selling washing machines, right? whirlpool play >> north korea is not -- china is not in the straits, economic straits that north korea is. >> no. did you ever go to east germa

course, my old friend -- the only person in the white house who would probably not agree with me is peter navarrond doesn't like these things. we had a long conversation about the chinese currency and it's very obvious to me that china has been propping up the currency, not pushing it down. and that efforts to try to get them to stabilize the currency actually help them, not hurt them >> mark, i want do get your thoughts on this because say we do actually get some sort of an initial deal here or at least that deadline pushes back as we get closer to in these deal talks, what happens to the actual 10% tariffs in place and you have the met altar i haves and when you start to talk about an enforcement mechanism, how i guess plausible is it for threats of tariffs >> as long as peter thnavarro is in the white house, i'm a foreign policy analyst and seen the markets respond ambivalently i don't think that's surprising when you see the inconsistencies of the white house, the sort of walking back this march 1st deadline but i just recently did a study and the sort of tracking americans' foreign policy vi

because if we get a china trade deal that sends message to president trump and wilbur ross and peter navarroable, if they get this through with china, do they move to auto tariffs, 25% was the number thrown out? maria: i don't know without the tariff threat if he would have gotten china to the table on some issues. >> that's exactly right, it does work, it does move the ball further down the field. maria: if it's a threat. >> it's painful. dagen: painful to americans too. >> after executives of huawei shut down company like zte, that would have gotten the message across. maria: that's true. >> do you think people are pretty much expecting a resolution now? >> i don't see rocket fuel but i also didn't see it as being that disruptive as well but there will be good news on the trade front, we talked about one of the bad news items just now but i think there's still upside from trade. maria: all right whether he recollects -- we will leave it there. new details on ipo plans on lift, cheryl casone with the details, cheryl. cheryl: lyft reportedly planning to list shares on nasdaq next month. they

roll call notes in their article , a quote from peter navarro -- "if an agency like the department ofransportation spends money directly on the construction of a road or piece of infrastructure, buy american comes into play. --an agency provides support in direct support through federal financial assistance, a apply.may not thatiew of projects reviewed federal financing in fiscal 2016 found that buy american requirements do not -- a to 200 to 265 possible gap. recently on the program, we had scott hall, president of the american alliance for manufacturing. here is what he said about the future of many factoring jobs. -- manufacturing jobs. >> they bore a disproportionate share of the pain over the last decades. trade policy is one reason. skewing the balance between capital and labor made a big difference as well. the fact that we almost uniquely among industrialized democracies , have a terrible safety net for people who lose their jobs or in transition. we lost one out of every three manufacturing jobs in the first decade of this century. that is almost unimaginable, that kind of de