fer decades, the united states was the piggy bank that everybody was robbing. we were the big, dumb, piggy bank. and everybody was robbing us blind. the whole world. the united states had racked up $13 trillion in trade deficits since 1994. think of that. $13 trillion. since china's entry into the world trade organization, another disaster for us, in 2001, that's when china, it was flat lined for decades and decades and exactly with the world trade organization, they shot up and went through the roof. but right now, we're doing a lot better than china and we're doing a lot better than any country on earth. we're rated number one in the world for growth and other elements. number one in the world. did you ever think you were going to hear that again? [cheers and applause] but before, and this is a number that when i say it, even on the campaign i used to say, the fake news is going to kill me on this, if they catch you making a little mistake. i'd say we've lost 60,000 american factories. factory, not people. factly -- factories. 60,000 like this who would even

fer decades, the united states was the piggy bank that everybody was robbing.re the big, dumb, piggy bank. and everybody was robbing us blind. the whole world. the united states had racked up $13 trillion in trade deficits since 1994. think of that. $13 trillion. since china's entry into the world trade organization, another disaster for us, in 2001, that's

to foot the bill with the piggy bank that they like to take from whether it's military protection you look at the nato nato we're spending ninety percent of their dough now it's all wonderful and we like to help but it helps them there in europe helps them a lot more than it helps us we're very far away so we have this incredible germany is paying one percent of a much smaller g.d.p. we're paying close to four percent of a much larger g.d.p. now that doesn't work folks but we are in this chris bambery whether he thinks the u.k. were given to washington and boost defense spending british in a way in this so-called special relationship between america and britain it's always the united states is called the short and britain's put tree along like a well behaved poodle saw i suspect that that britain see you know worries about where its future lies and the temptation is going to be yeah we need to hold course the united states even if they're not that interested interested as a more even it's pointed out that donald trump is fed up.

let's talk about money, donald trump, to saying there cannot be the world piggy bank.to what the press secretary had to say. >> the world's piggy bank, we have problems to fix at home which the president is focused on. heather: as you respond to that, donald trump talks about this on the campaign trail, the us paying 72% of nato defense spending and only four countries paying the 2% gdp requirement where we are paying more. >> we all agreed to put in 2% of the budget europeans carrying their weight. two are in the united states and england. we have a close relationship with your we should not throw overboard. they have to pick up their part of the deal for defense spending. heather: we are just asking them, what we promise to do. >> commitments you already made, europeans haven't done it. we can't to that, the reality is that is not -- at the end of the day we have a close relationship with the eu that should never go away and they have to pick up their side of the equation into the part they committed to in the past already. heather: that is happening a lot with the t

remember we are the piggy banks that be will be robbed. the first is this idea of a piggy bank. they might add to the trade deficit. you to have a reason like national security. that's the reason on steel and al aluminum. the canadians said when are we a security threat? >>> former white house press secretary sean spicer tries to explain his actions at the nation's most powerful podium. here he is last week about lying on his very first press conference. >> we a parentally don't have that sound bite but you can watch it on todayshow.com. >>> the washington post has a review of spicer's book. it says the briefing isn't a political memoir. >>> choose a republican candidate for governor there so we'll see if this is enough to get him to win. >>> you can watch what we have been talking about on twitter. you follow me there. >> all right. anybody traveling any time soon? you ever get something to eat at the airport? they want you to have more options. looking for up to 15 new food and drink members. they are looking what it's like to do business at the airport. some say in and out wo

are theident added, we piggy bank that is being robbed.n-claude juncker won't be coming to the white house tomorrow with a great deal on trade. the eu official says european leaders don't see a trade crisis with the united states. may see things differently. he has been sharply critical of the eu and claims it runs a $150 billion surplus with the u.s. doner coal executive blankenship intends to file paperwork to run in west asginia's u.s. senate race the constitution party's nominee. it's unclear if the bid violates west virginia's of so-called sore loser law which prohibits candidates affiliated with the major party who lose in primary from changing their registration to a minor party. blankenship finished a distant third in the republican primary in may. officials in pennsylvania are asking a judge to classify bill cosby as a sexually violent predator. the 81-year-old was convicted in april on sexual assault charges. sex offender classification would require increased treatment in prison and increased notification of his neighbors when h

he says we are a piggy bank getting robbed.isen to 60 according to some reports to more than 100 have been injured. reaching 50 miles an hour, hundreds of people fled to nearby beaches to be evacuated nearby boat. global news 24 hours a day on air and on tick tock on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. caroline: thank you. coming up, ubs shares climbed higher. we are live next. this is bloomberg. ♪ caroline: ubs, a major play in the markets, bank earnings are off to a solid start. economies moved to merge management businesses together. investment banking units are also looking strong. patrick.s is it is an interesting move that made is the super unit of the world business. talk us through it. we some money leave the business. >> esp are today, ubs and its employees can basically bask in these summer earnings. a tricky six months where they have had investors grumble about the road rate, also about the beenegy, which has not properly updated in quite a while

that will explain why under president trump of america will no longer serve as the world's piggy bank. also today the president singled out the german chancellor, angela merkel, for what is her country's obscene dependence on russia's energy. and for the billions and billions of dollars flowing from germany right into vladimir putin's pockets. meanwhile the mainstream media right here at home in america once again spinning out of control and for months they were just hysterical over the fake news narrative that trump is vladimir putin's puppet. tonight they are freaking out over donald trump's tough rhetoric against russia. wait a minute, i thought vladimir putin had all these horrible things against president trump and they compromised? a blatant double standard and important new developments around peter strzok, lisa page and all their friends in the deep state. sit tight, it is time for tonight's important breaking news, london in addition, opening monologue. for decades they've been footing the bill for the safety and security of the european continent and for many of our allies w

this president feels like this country has been the world's piggy bank far too long. we are taken advantage of whether it's trade deals or the fact that we pay dues. every time he pulls out of the paris accord, pull out of the iran nuclear agreement. move the capital to jerusalem and recognize it as -- move the embassy and recognize jerusalem as the capital. every time he is told things will fall apart, he follows the advice and policy advice he gets and goes with his campaign promises. and he makes a difference. others are going to have to come on board as well and recognize that this president is more than happy to engage. he has done it so many times. >> bill: big meetings every day literally. whether it's nato or theresa may in london or vladimir putin that wraps up the trip next monday. he was asked about putin earlier today when he said the white house and said this. >> president trump: frankly, putin may be the easiest of them all. far as i'm concerned a competitor. i think that getting along with russia and china, getting along with others is a good thing, not

trump: for decades, united states was the piggy bank that everybody was robbing.e were the big, dumb, piggy bank. and everybody was robbing us blind. the whole world. the united states had racked up $13 trillion in trade deficits since 1994. think of that. $13 trillion. since china's entry into the world trade organization, another disaster for us, in 2001, that's when china, it was flat lined for decades and decades and exactly with the world trade organization, they shot up and went through the roof. but right now, we're doing a lot better than china and we're doing a lot better than any country on earth. we're rated number one in the world for growth and other elements. number one in the world. did you ever think you were going to hear that again? [cheering] [applause] but before, and this is a number that when i say it, even on the campaign i used to say, the fake news is going to kill me on this, if they catch you making a little mistake. i'd say we've lost 60,000 american factories. factories, not people. factories. 60,000 like this who would even think we h

. >> the entire s & l industry got taken over by a bunch of entrepreneurs who saw them as piggy bankingslion in bad loans. the owner lived a life of private jets and mansions. >> they took risks that should have been untenable for a banker. when it all went down, the entire industry went belly-up. >> quiet down! >> i'm going to disperse the whole bunch of you. >> this was the third day on the run on the savings and loan corporation. >> i have no choice, we have to close. >> i don't think it's right. it's our money. this year, a record 260 banks will go bust. that's almost 800 in the past five years. bad loans to the third world. bad loans to the oil industry. bad loans to real estate developers. >> one of the reasons bankers made outrageous loans was because of federal deposit insurance. if the loan went well, you rake in the profit. if the loan went poorly, then the federal government picks up the tab. >> with deregulation, the s&ls got into that commercial real estate market and lost their shirt. >> all over the united states, people were building projects for which there were no buyer

for decades, the united states was the piggy bank that everybody was robbing. we were the big dumb piggy bank. everybody was robbing us blind. the whole world. the united states had racked up $13 trillion in trade deficits since 1994. think of that. $13 trillion. since china's entry into the world trade organization, another disaster for us in 2001, that is when china it was flat line for decades and decades and exactly with the world trade organization, they shot up and went through the roof. right now we're doing a lot better than china and we're doing a lot better than any country on earth. we're rated number 1 in the world for growth and other elements. number 1 in the world. did you think you would hear that again? [applause] but before -- this is a number that when i say it even on the campaign trail, i used to say oh, the fake news is going to kill me open this, because if they catch you making a little mistake, i'd say we've lost 60,000 american factories. factories, not people. 60,000 like this. who would think we have so many? is it's possible? i used

was a piggy bank that is being robbed from.ater, the agriculture department move to protect american businesses caught in a trade cross fire, unveiling a $12 billion emergency aid package that could take effect by labor day designed to help soybean and dairy farmers as well as pork producers and others whether their trade storm. the money will come from a depression era program called the commodity credit corporation created back in 1933 as a financial backstop for farmers. it can borrow up to $30 billion from the u.s. treasury to stabilize, support and protect farm income and prices and it does not require new congressional approval. while it was applauded in some circles others in the president's own party bristled at the idea. senator ron johnson saying farmers want trade, not aid. a refrain echoed by tennessee's bob corker. >> the administration's own policy that are driving these people to a bad place and then you want to provide welfare. >> defense secretary jim mattis said the president's reaction to the iranian governme

it's as simple as that and everybody is talking remember, we are the piggy bank that is being robbed. joining us from washington, former u.s. trade representative, chief u.s. nafta negotiator, overall trade expert, carla hill, and pimco head of public policy and managing director, libby can tremendously ambassador, are tariffs the greatest >> no, tariffs are hurting our economy. you know, diplomacy is the greatest but when you look at what the steel and aluminum tariffs have done, we have lost 16 jobs for every job that we created in the steel industry so this is not the way to go >> where does it go from here? given the president doesn't appear to be backing down. i hate the word doubling down, but that's what he's doing here, when it comes to this trade tactic. >> i worry about that. i think that we should -- it was a shame we pulled out of the trans-pacific partnership. what we could do through negotiations is open the market, so we have more opportunity. but not only are we losing jobs because of the tariffs, but we're losing investment. you know, if you look at the first quarter

as a piggy bank and not spending their fair share on defense we will have full coverage beginning wednesday of that nato summit in brussels stay with the news for the latest on the transatlantic divide all the day's nearly done but as ever the conversation continues online you'll find us on twitter either or you can write to me brant off t.v. don't forget to use our hash tag the day every member whatever happens between now and dead tomorrow is another day we'll see you then everybody. from heart stopping right to childhood dreams come true. we check out europe's hottest. and venture times our series this week. during europe's junkies on an action packed story. zero may never know. what a crazy turn into twenty eighteen world cup has been so far. caught. let's take a look at how the quarterfinals went and what's coming up this week. is going to win the title in russia check it out. brown really love apple for hitler. or did she love the life he provided for her. she was the dictator's mistress. only an insignificant concert at his side. or pursuing her own ambitions. but certainly the other

as a piggy bank and not spending their fair share on defense we will have full coverage beginning wednesday of that nato summit in brussels stay with news for the latest on the transatlantic divide well the day is nearly done but as ever the conversation continues online you'll find us on twitter either or you can write to me brant off t.v. don't forget to use our hash tag the day and remember whatever happens between now and then tomorrow is another day we'll see you then everybody. song choice. to. madagascar in sapphire fever. gem hunters risking their lives for a pittance. driven by the poverty they're destroying their environment a business with sass chris consequences madagascar plundering and islands treasure . in forty five minutes on d w. did brown really love her. or did she love the life he provided for her. she was the dictator's mistress. only an insignificant concert at his side. or pursuing her own ambitions. but certainly there's no other woman got some close to. life and death with the child. starts july twenty first on d w. e n c the science show on t w what happened to yo

president is expected to tell nato nations at next week's summit that the u.st cannot b world's piggy bankesident trump has pressured some nato allies already to their cantly increas military spending and according to the nato secretary-general, progress is being made. >> all nato allies an european allies and canada have to invest more in defense. they agree that we need that we bear the burden of sharing the good news is that we see that european allies and canada are stepping up. all allies have started to increase more allies spend 2% of gdp on the defense. so we still have a long way to to movewe have start in the right direction. >> by the way, the brussels' nato summit takes place next week on july 11>>th and 12th. he president announces his supreme court nominee on monday at 9:00 p.m. eastern time. nbc news says his choice is likely one of these three. judge rick cavanaugh, a former law clerk to retiring justice kennedy. he was appointed to the u.s. court o appeals' d.c.ircuit by george w. bush. he was b a georgh nominee or appointee and amy coney barrett. sheas been a federal judg

remember, we are the piggy bank that's being robbed. all will be great.e representatives office is holding public hearings today on the proposal to add tariffs to millions of dollars worth of chinese goods, billions more, we should add. here now, jeb hensarling, chairman of the house financial services committee. congressman, what are your constituents saying about the tariffs and the impact? if you talk to individual businesses, even industry organizations, our tariffs because the retaliations, say from china or even canada, our businesses are getting hit. >> well, they're very concerned. i've got two steel plants in my district, the fifth district of texas, and i heard from these people. they import steel and then one of them makes shelving, the other makes steel buildings, and they have seen their feeder stock increase in price and so their concern is the demand for their product, will it still be there, they may have to lay people off. it's a matter of great concern. so i hope the president is right. i hope the strategy proves to be brilliant. unfortu

with the piggy bank that they like to take from. whether it's military protection you look at nato nato we're spending ninety percent of data now it's all wonderful and we like to help out but it helps them there in europe helps them a lot more than it helps us we're very far away so we have this incredible germany is paying one percent of a much smaller g.d.p. we're paying close to four percent of a much larger g.d.p. now. that doesn't work for us. it's going to get what he wants us to sky with british political analyst chris bambery chris do you take donald trump's perception on this then the nato gets more from the u.s. than the u.s. ever gets out of nato. i think nato is dominated by united states that calls the shots it's very well aware of that and what i think that's always been the case and trump is aware of that what i think underlying this is is there is actually an element of continuity between the obama administration trump in a sense if you remember the swing away from europe is no way to the middle east under obama to

or he gets hit with terrorists it's as simple as that and everybody's talking remember we're the piggy bank that's being rocked or will be great well after america's slap tart of sun steel an element in coming from the e.u. what around two months ago now the bloc responded with like for like measures the trade standoff hasn't exactly help create a convivial atmosphere earlier trump went as far as calling the e.u. commission chief a brutal killer while describing europe as an economic fall and younger had some direct words of his own as well trump told me last week john claude you are a brutal killer but it is the first time that look somebody has become a threat to the united states of america he meant that i think as a complement even though i cannot be sure. also now we will also impose import tariffs this is basically a stupid process the fact that we have to do this but we have to do it we will now impose tariffs on motorcycles harley davidsons on blue jeans levis on bourbon we can also do stupid we also have to be this stupid. junkyard younker is seeking inspiration before his meeting

to foot the bill with the piggy bank that they like to take from whether it's military protection you look at nato nato we're spending ninety percent if they don't now it's all wonderful and we like to help out but it helps them there in europe helps them a lot more than it helps us we're very far away so we have this incredible germany is spending one percent of our much smaller g.d.p. we're paying close to four percent of a much larger g.d.p. now that doesn't work folks. political analyst chris bambery whether he thinks the u.k. will give into washington boost defense spending. british no way in this so-called special relationship between america and britain it's always the united states is called the short and britons put a trail along like a well behaved saw i suspect that puts bricks that britain face see you no worries about where its future lies the temptation is going to be a year we need to hold course the united states even if they're not that interested in interest there is a more evil it's pointed out that donald trump is fed up with reason. way of operating if the brits a

deal or gets hit with terrorists it's as simple as that and everybody's talking remember we're the piggy bank that's being robbed or will be great now the trade standoff hasn't exactly helped create a friendly vibe trumpet as far as calling the e.u. commission chief a brutal killer while describing europe as an economic furrow and hugo had some harsh words of his own trump told me last week claude you are a brutal killer but it is the first time that luxembourg has become a threat to the united states of america he meant that i think as a complement to them even though i cannot be sure. also now we will also impose import tariffs this is basically a stupid process the fact that we have to do this but we have to do it we will now impose tariffs on motorcycles harley davidsons on blue jeans levis on bourbon we can also do stupid we also have to be this stupid totally unacceptable that country is imposing unilateral measures when it comes to. create. wealth mr young goes looking for inspiration before his meeting with donald trump it could lead to some of the european leaders who have already me

to foot the bill with the piggy bank that they like to take from. whether it's military protection you look at nato nato we're spending ninety percent of data now it's all wonderful and we like to help out but it helps them there in europe helps them a lot more than it helps us we're very far away so we have this incredible germany is paying one percent of a much smaller g.d.p. we're paying close to four percent of a much larger g.d.p. now that doesn't work folks last hour i asked political analyst chris bambery whether he thinks the u.k. will give in to washington to boost defense spending position away in this so-called special relationship between america and britain it's always the united states has called the short and britain's put a trail along like a well behaved poodle saw i suspect that that britain facing you know worries about where its future lies and the temptation is going to be yeah we need to hold course the united states even if they're not that interested interested as a more even it's pointed out that donald trump is fed up with

with the piggy bank that they'd like to take from whether it's military protection you look at nato nato we're spending ninety percent if they don't now it's all wonderful and we like to help out but it helps them there in europe helps them a lot more than it helps us we're very far away so we have this incredible germany is paying one percent of a much smaller g.d.p. we're paying close to four percent of a much larger g.d.p. so that doesn't work folks we asked political analyst chris bambery whether he thinks the u.k. will give in to washington's demands to spend more on the military. positionally in this so-called special relationship between america and britain it's always the united states it's called the short and britain's put a trail along like a poodle saw i suspect that post bricks that britain facing in you know worries about where its future lies the temptation is going to be yes we need to hold course the united states even if they're not that interested in interest there is a more even it's pointed out that donald trump is fed up with the reason. way of operating the brits a

as a piggy bank and not spending their fair share on defense we will have full coverage beginning wednesday of that nato summit in brussels stay with news for the latest on the transatlantic divide well the day is nearly done but as ever the conversation continues online you'll find us on twitter either or you can write to me for you to use our hash tag the day and remember whatever happens between now and there is another day we'll see you then everybody. i'm going to. go. on. climate change. the same ability to. environmental projects. of globalisation place biodiversity species conservation exploitation inequality. human rights law displacement. of the global and current of local action. global three thousand and thirty minutes on d w. earth. home to millions of species of home worth saving. on those are big changes and most start with small steps global warming two years tell stories of creative people and innovative projects around the world like to use the term good climate news to green energy solutions and reforestation. they create interactive content teaching the next generation a

deal or gets hit with tariffs it's as simple as that and everybody's talking remember we're the piggy bank that's being robbed or will be great max kaiser host of r.t. show the kaiser report says trump's tough approach to trade negotiations appears to be paying off. did trump just roll over john claude younker and get concessions almost immediately the answer is yes well john claus younker is is a surrender monkey he came to d.c. and he surrendered the white flag was waved and he gets nothing and is going to get used to this because this is going to happen every few months he's going to have to surrender more and more and more the u.s. is in the house america is back with john claude younger obviously at the e.u. is used to being kind of a very slow moving bureaucrat with no accountability whatsoever he's not elected he will say anything but generally that means nothing. if the deal is not the ink on the contract has to drive for us to say that there is a deal. former cricket star imran khan is on course to become pakistan's new prime minister according to a partial vote count from wednesd

jillian: he threatens new european tariffs vowing to end america's streak in the world's piggy bank.reporter: big meetings at the white house. he previously seeing the eu coming to washington negotiating on trade. the us and eu dropped off errors in subsidies, that is called free market and trade and they won't. meeting with the european commission's president, and discussing mutual tariffs provided the new tariffs on aluminum and steel. in kansas the president was optimistic the tactics will pay off in the end. >> our country lost $817 billion in trade. these countries have been ripping us off for decades. it doesn't take a week, it takes longer. >> reporter: the administration announced it would provide $12 billion in financial aid to american farmers hit hard by recent tariffs, promised they would benefit the most. >> these trade deals are a disaster, the farmers are the biggest beneficiary. we are opening up farmers. be a little patient. >> reporter: backlash from republicans as well as democrats was stern. iowa gop senator chuck grassley saying i don't fall the president for try

world stage, the white house says he will send a clear message that the us will be the world's piggy bank when he attends next week's nato summit. 72% of the total nato defense spending, donald trump has demanded other countries pay their share. challenging the citizenship question we told you about has been given the green light. a federal judge will allow several states to sue the trump administration after it added the question are you a us citizen back in march. critics say the question penalizes immigrants and threaten civil rights. the white house as it protects american voters. a lawsuit with ties to the dnc claiming trump russia collusion has been tossed out, the suit claimed the president's campaign worked with russia and wikileaks to hack dnc emails in 2016 but did not offer enough evidence. the democratic donors to file a lawsuit suggest it was rejected based on legal jurisdiction and they can file it elsewhere. donald trump heading to montana today, the latest stop in his midterm campaign to rallying support for republican candidates. he is backing us representative greg -- ru

in he said to our friends and allies, we are the piggy bank of the world and it stops today. was in granite city, illinois when he gave that speech to the steel plant, u.s. steel. i watched the tears on the faces of grown men who told us they hadn't had a job in two years because barack obama told them those times of jobs were gone and would never come back. 1% gdp growth was the new normal the experts said. this president proved people wrong yet again. americans are back to work. it's an incredible time and it's due to this president's economic policy. judge jeanine: people who want the work, people who pay their taxes and follow all the rules, they are the ones who deserve the effort of this government. and speak of that, i want to talk about the ash lition of i.c.e. it seems the democrats pulled back on it because they were doing polls and most of of the american people are not in support of the abolition of i.c.e. we have ocasio-cortez who beat joe crowley in new york for the primary, now kirsten gillibrand, they are saying we have to abolish i.c.e. they are serious. >> i

. >> it is not a piggy bank. >> it is more like you have a commitment by the year 2024 to have a certain level. they are not there yet. i will say the bully pulpit has pushed the countries to say yes we will pay more and will be doing that. >> why not go and take a bow and say iv pushed spending -- say i have pushed spending. he is confrontation. >> let's talk about this. joining us from washington is michael burnbaum. michael, is he as confrontational as he was on tv? >> reporter: not at all, christine. he has taken confrontational approach when on camera and twitter. apparently when he is met in the closed-door meetings, he is calmer. same messages that allies need to pay more for defense spending. friendlier tone and polite and accepting of the basic principles of nato than he is in public. >> "the wall street journal" michael, is up with an editorial. berlin deserves the trumpian embarrassment over its pipeline follies. the main regret over his comments is that he undermines their diplomatic impact with his many other, less helpful fulminations on europe affairs. does he have the mon

is the piggy bank that' being robbed. north dakota soybean farmers say they are struggling to break even. >> reporter: where neighbors live far apart, soybeans are big business. >> it's ar betopportunity. there's a little better market for it. it's expandinge. worldw >> reporter: soybean production has grown since 20. exporting more than 70% to other countries. the number one consumer, china, which buys as much as 35illion dollar worth of north dakota soybeans every year. this year china spped a 25% tariff on american soybeans. >> a lot of producers might not survivor this. ac reporter: as processors head to august as conrs typically lock down with buyers. across north dakota, all the contracts have been cancelled. >> it's just not china. seemed like we simultaneously picked a fht with every one. >> reporter: at grain processor, 35% of the food exports are sent to china. president rick has been investing millions. the new trade war is threaten those plans with contracts cancelled immediately when t retaliatory tariffs wen

what is the piggy bank for the bank of japan?n they create money, the answer is yes. tom: why can they not create their way out of this problem? kim: it is remarkably difficult because of their own past behavior. 20 years ago, the bank of japan allowed japan to fall into deflation. it has stayed that way for almost 20 years. people in the japanese economy expect prices to be stable or falling. raising those inflation expectations is difficult to do. they are trying very hard to get there. overall, you live better. as the economyn no one wants to look like. over and over in europe, we cannot end up like japan. even if there is an aging population, people live well. kim: the japanese economy is growing again. bank of japan has brought about an and to deflation. it is a really good,. they just have not reached the goal -- a really good accomplishment. they have not reached the goal they set, namely 2% growth in the price level every year. they have not got there. they will probably not get there in the next year or two. they have sa

this idea of robbing a piggy bank is a bad analogy. you might add to the trade deficit.o doubt about that. you don't get robbed. you get a car in exchange for your money. former white house press secretary sean spicer's books which he tries to explain. she here is spicer explaining why he lied about the number of people at trump's inauguration at the very first press conference. >> are there things i wish i could have a do over on? absolutely. the president wasn't pleased with me either. i talk about how there are days when i stepped in it. would i take a do over? absolutely. >> a review says the briefing isn't a political memoir or tell all or tell anything rather it is an effort at gaslighting americans. >>> the other thing to watch today, georgians go to the polls there. the race is between the li lieutenant governor. the trump has backed the secretary of state. we'll see if that's enough to get him to win in the primary. we examine executive orders. you find me on twitter. >>> take a look at this. a lioness and a young girl both love that stuffed animal. this five-ye

jillian: new european tariffs and vows to end america's streak is the world's piggy bank.ob: griff jenkins live with how it is affecting workers here at home. a big deal. >> reporter: a busy day at the white house as the president welcomes transatlantic allies previewing his agenda on twitter. he is coming to washington to negotiate a deal on trade. the us and eu drop all barriers and subsidies, that would be called free market and fair trade. we are ready but they won't. when the president meets with the european commission's president, the eu says they are ready to discuss mutual tariffs provided the us first select new tariffs on aluminum and steel. in kansas the president was optimistic the new tariffs tactics would pay off in the end. >> our country lost 817 billion with a b dollars on trade. the country 7 ripping us off for decades. it doesn't take a week, it takes longer but we are going to get it done. rob: the administration announced $12 billion in financial aid to farmers hit hard by recent tariffs, he promised they would benefit the most. >> you have to see the

we are not the world's piggy bank. western's europe love affair with america died because president obama left office. many in western europe prefer weak not and a strong america. for example, remember obama's apology tour revered by the leaders in europe. >> america, like every other nation, has made mistakes and has its flaws. in america there is a failure to appreciate europe's leading role in the world. instead of celebrating your dynamic union and seeking to partner with you for common challenges, america has been arrogant. we have seen muslim majority countries elect a woman to lead. meanwhile the struggle for women's equality continuous in many aspects of american life. >> sean: the press picked up on europe's love affair for barack obama. one headline. obama wows berlin with historic speech. president obama goes abroad and the world is happier for it. let's go back to ronald reagan. like president trump reagan led the world with american exceptionalism and the concept of peace through strength. america did not

stage, the white house says he will send a clear message that the us will no longer be the world's piggy bankhe attends the nato summit. the us contribute 72% of the tornado defense spending, the president calling on nato allies to pay more for their own defense. charles heard of the washington times says don't listen to the critics because the president has negotiating style is a good thing. >> donald trump is not afraid to negotiate with anybody, this is a businessman for whom everything has to be measured. and people don't know the difference between 1,000,000,001 trillion and they think it is funny they don't know the difference between the two because it is not their money, it is taxpayers money. they get under his skin. it makes him mad and he wants people whether it is trade or giving to nato. these countries are trying to pony up more money, a very positive thing. jillian: they paid 3% of gdp. todd: donald trump heading to great falls, montana for a campaign to rallying support for republican candidates, backing matt rosendale and greg ford who is running for reelection, donald trump

was like a piggy bank.d iconic brands showing they would be hit by the steep tariffs the president announced a deal to work towards a trade truce with the eu. >> we agreed today, first of all, to work together towards zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods. >> now, maybe it's a negotiating strategy, but this president seems to love giving the american people are good whip lash. with more cnn political director. these reversals, they seem especially common when it comes to dilemmas of his own making. >> without a doubt, these are all dilemmas of his own making. it is what you get when your governing style is to guven from the hip. i have been thinking back to june we have seen over the last five weeks a few different occasions where he really has reversed course. remember on immigration he initiated that zero tolerance policy. what was the fallout from that? that children were being separated from their families. so much pressure from republicans, democrats and

. -- negotiates a fair deal or it gets hit with tariffs, it is as simple as, that we're the piggy bankll will be great. and a package emergency aid for u.s. farmers. liz peek on this, what your take? >> the president knows that tariffs are not great, they are a tax. but they are great for him right now because he is pursuing an aggressive push back against everyone who has a trade surplus with u.s. what is the ultimate ambition, to strike back at china. trump administration would like to reform wto. only by getting everyone onboard will they be able to force china to reforms with the wto that could make the organization useful, that is what lighthizer is working on, my view, it time to fix nafta. i think there is a chance for some regular o resolution with r negotiation with nafta, we have a newly elected president obrador in mexico. it is time. liz: he needs to win. >> i think he will talk about is again help with the wto, help with china aggression. and ei u -- eu has indicated in past they will work. last resort he will slap tariffs on imported cars, no one wants to see that. very c

and everybody is talking, remember, we are the piggy bank that is being robbed. everybody agrees with the president. association with the said of qualcomm and intel they are undermining technological leadership, costing jobs, and adversely impacting u.s. consumers. we broke it all down with our chief content officer and visiting san francisco from tokyo, bloomberg's asia tech editor. >> the technology industry is nervous about this. the supply chain for tech stretches between the united states and china. they are nervous that if this trade war gets out of control, it will cost them business here it could raise prices and cause other disruptions to the supply chain. meantime, we have got new news the trump administration from theshield farmers impact of this trade war. course, we can assume farmers are larger point -- part of his voting these. it is him and trying to repair the damage of three or four decades of globalization. it is true that he is going to try and shield some of the obviously,the damage the semi conductor industry is not a hot end of his core bas

europe treats successful american company as a piggy bank on budget line item, that is some silicon valley is a, they tie our companies down. >> look at their market share, and look at fact they want a forced market share. they don't' competition, they are not going to have a friendly ear in washington if they complain to this president, if you want market share, you have to iron it it is not going -- you have to earn it, it is not going to be given to you, it is not demanded. the fact they are preloaded on phones is saytivit testament tot people want these devised loaded on their material, and they don't want it, they won't use it. liz: to your point, where is europe's google or facebook? they have companies but the report for creativity, entrepreneurship, individual and success, european bureaucratic machinery flattens everything for status quo, silicon valley cashing on. the vc crowd knows they are not investing there. >> right, they would not look it steal market share, that not the way that world works, i think if that i want to compete, and be innovative, let's have at it, you can't