fit was about tpp, they had a half a million square foot plant in australia that has no tpp rules. i don't begrudge them. but i worry when the companies get involved in contentious issues giving china more leverage because i don't think in this case it was fair for harley to do that. >> if he succeeds and is able to persuade europe to do the planning, it's great. but it should be pointed out. this company is getting hit hard by his trade policies so far. this is not a company whose stock has soared since his election. they are paying more for aluminum and steel. charles: the market has shrunk dramatically. >> in the u.s. you look at what's happening now. charles: is it fair for them to go to the white house in february when they made up their mind before then that they were moving their manufacturing. i see more corporations becoming political like this and i think it's a slippery slope. >> the new move is to go to europe which is in retaliation for the trump aluminum and steel tariffs. charles: they are going to spend $300 million to avoid $100 million? i think president trump at

for example, pulling out of tpp sent a message that the tpp 11 that they can't count on the united states anymore. and a number of those countries -- the reason they were engaged in tpp and willing to make what were, in many cases, significant concessions to the united states, was because they wanted the united states as an ally and an off-set to china now you see what the philippines has done, for example, where they have backed off on some of the pushback in china. you see that in other countries in the region because they can't be confident that the united states is going to be there for them they're, unfortunately, having to rebuild bonds that they're very uncomfortable with, with china. >> stay right there. i want to bring john harwood in, as well. john, we're watching the president just kind of arriving there in canada. what do you think can be accomplished today what is kind of the goal for this whole summit, do you think? >> well, i think the goal for our counter parties at the summit, the g-6, is to stand up against president trump. i have to say, guys, i understand you were bein

one certainly would have been the tpp, and if the tpp did not address all the issues, there could haveadditional negotiations on other issues of concern. it is also looking at trying to do this bilaterally, i think it will be difficult to get china to accept major structural reforms bilaterally without any other countries working with us on that in a serious way. lookingo have now been to negotiate a bilateral package just to rebalance trade, and the question is whether or not that will be sufficient, whether or not that will address the trade deficit that is so important to president trump, or whether or not we will be in this of, notte period necessarily a full scale trade war, but a tit-for-tat at a low level, and then there is the risk it could escalate. haidi: i appreciate your time. negotiatorchief u.s. for tpp, now with rock creek global advisors. just getting the yuan fixed today against the u.s. dollar, the lowest since december. a string of stronger, then weaker fixings. we have the 20 billion yuan drain in market operations, the pboc continuing to manage liquidity there. we

to do some in and even tpp where we had various countries in south -- central and south america that would have been a part of that. tpp being important because it also kind of put a check on china to make sure that they're play big the rules, et cetera. so that's extremely important. can you tell us me you think would have been the negative and positive effects if we had stayed in the tpp and whether cafta is increasing the investments and opportunities for american companies, and improving the relationship with those in the hemisphere? >> thank you congressman i think you raise an excellent issue. the the u.s. chamber was the very vocal supporter of the transpacific partnership tpp, and i think you correctly call out a key reason why it was important, which was to establish a transpacific trading system that's rules-based, that where the u.s. exerts its leadership on trade joined by like-minded free-market economies. in the effort to try and encourage the same sort of adoption of policies across asia and other parts of latin america that weren't necessarily involved. the other key

you think what would have happened if we had joined tpp, if we had a tpp agreement, if we were leading in the wto system and if we could work with partners using things that came from those agreements to push the chinese in the right direction. we also, by the way, have a lot of instruments like our unfair trade laws which have been used to deal with china, versus where we are today. where we are today, not simply raising tariffs around the world, including on all our allies, imposing big costs on american manufacturing, both large and small, and i'll get to that in a minute. and really, not putting that much pressure on the chinese to change their system. so the question becomes do we want to continue down this path and what happens if we saw expand it even further into sectors where china is not really the problem today? they may be a problem ten years from now, like the auto sector? so, here is a sector that's 40 to 50 times the size, i'm sorry, not the auto sector. ten times the size, if you like all the manufacturing that depends on steel and aluminum, you're talking something 40

tpp was a massive agreement. i think there was questions about whether that was truly respecting american sovereignty. but when you have donald trump sitting down with shinzo abe negotiating mutually beneficial agreements, that could help us, economy and help japan. we can be a county weight to china. strengthening our relationships with the pacific rim is important. tpp was a flawed vehicle. maybe trump can find another way to make sure that the u.s. is there economically as well as militarily. trish: what about north korea in all this? again, huge opportunity. incredible, congressman, because we're actually going to see the president of the united states sit down with the head of north korea, something that has never happened before and, if they can actually succeed at some kind of denuclearization plan it would be great for the u.s. t would be great for the world. it certainly would be good for president trump. do you think that is in the cards? i think it's in the cards. there is a lot of work to be done but

he did not sign onto tpp. the list goes on.e it's completely in character with him to walk away from joining onto a joint statement from our allies. >> i understand that he believes very strongly that he can make a better deal than what we had. i would like to have the tpp in place today. i would love to have the nafta agreement completed and back in force again. the president truly believes he is going to have to come in and create some chaos in order to get a better deal. it doesn't mean it would be the style that i would use but i'm not the president of the united states. he is. and what i think he trying to do is to make better deals for our producers. what concerns me, and the reason why i suggest it's out of character is that he very seldom attacks -- he normally counter-attacks. and what i don't understand is what the agreement had been that might have caused him to be as clearly irritated as he suggested in the white house statement. because that was a very, very strong statement that we don't like to see happen between

we did not go forward with the tpp. we are talking about revisiting other agreements. see a massive free-trade zone developing that involves the rest of the world's and most of our major trading partners. in the meanwhile, here is the u.s. developing these exotic theories about protecting national security about closing all of your biggest markets. now even potentially withdrawing from the potential multilateral framework. in other words creating circumstances in which the rest of the world may pass us by as we close. there are not many examples in history of that happening, particularly in an economy that is doing well. i asked the auto people, what is your biggest problem right now and by far the biggest problem is the unfilled jobs. finding the skilled workers, in this one factory that i visited this week, 1000 unfilled jobs that they have to figure out how to fill over the next six months. so finding skilled workers, the growth of our manufacturing sector. people look at the decline in jobs in the manufacturing sector a job the conclusion that is due to trade and t

two, he pulled out of tpp.pp would have allowed american-made bikes to sell for very low tariffs in asia, big booming market. so they're move something production to taiwan because we're not in tpp. and third, those european retaliation tariffs hurt it. >> now he continues to target harley. >>> ahead, how does triple-digit heat sound? we are hass eheaded that way th weekend. the forecast next on "early start." it's time for the 'lowest prices of the season' on the only bed that adjusts on both sides to your ideal comfort your sleep number setting. and snoring? does your bed do that? don't miss final closeout savings on the queen c2 mattress. now only $599, save $300. it's the lowest price ever, only for a limited time. visit sleepnumber.com for a store near you. does your business internet provider promise a lot? let's see who delivers more. comcast business gives you gig-speed in more places. the others don't. we offer up to 6 hours of 4g wireless network backup. everyone else, no way. we let calls from any of

why, the president pulled out a tpp. under tpp, harleys would have been protected from high tariffs into the asian market. now they'll make bikes in asia to avoid the tariffs that could have been avoided if the u.s. stayed in tpp. >> let us know what you think on twitter. >>> ahead, the president took his shots. now late-night hosts with their response. >> still on for lunch? >> yeah. where do you want to eat? >> red hen? >> red hen. >> more of the late-night team effort next. my name is jeff sheldon, and i'm the founder of ugmonk. before shipstation it was crazy. it's great when you see a hundred orders come in, a hundred orders come in, but then you realize i've got a hundred orders i have to ship out. shipstation streamlined that wh the order data, the weights of , everything is seamlessly put into shipstation, so when we print the shipping ll everything's pretty much done. it's so much easier so now, we're ready, bring on t. shipstation. the number one ch of online sellers. go to shipstatiom/tv and get two months fre

there were parts of nafta needed to be changed, what of those we going to be revised in the tpp.o believe in free trade, that we have rules—based international order that we were the main architect of and that if we have issues with china, and we have many, some of our trade partners and even allies, use that structure that you have set up, not simply go around it and impose tariffs. what happens is that there is retaliation, certainly there is going to be, already has been, from the european union, canada and mexico. and the response is then to ratchet up yet again. nobody wins trade wars. but you recognise even that you have lost the argument, don't you? for a time. i do think that we will get through this, we have to. populism is called populism for a reason, it is popular. you can win elections now and then, but you cannot govern with it. anger and resentment is not a governing policy and it only goes so far and there are pendulum swings in american politics. so i do think that this is president trump's party right now, it is, no doubt. you cannot win a republican primary aro

maybe it is the donald trump tpp 2.0 comes back when all said and done. >> i was very involved with tppi don't think it was massive reduction of tariffs. all the non-tariff barriers in japan was kept. currency manipulation was taken off. china was not part of tpp as well. where at china, do we really have leverage? they own $1.2 trillion on national debt. they have been paying no interest. they have been lending us 1.2 trillion. they have huge amount of investments in the united states. it is like a stock, trish, if you buy the stock, last thing you want to do is see the stock tank. china really does not want to see the u.s. do well, really badly. they don't of. they have all the invests here. trish: i agree with you. they want to be repaid on the debt. >> that is where our leverage comes. it shouldn't be in tariffs. trish: okay. >> that it where our leverage comes with this. i think that is the way to go. austan's solution is good one as well, to try to get all allies together on it. being yalie and university of chicago professor, how cobe wrong? i'm a yalie. i'm university of chicago

we haven't seen that with tpp or the climate deal or the iran deal.e these various leaders willing to push back. >> this is the 500th day of the trump presidency. he reminded of us on twitter this morning. he said he was going to take the obama era and some other tradism -- where are the new ones? where are the new ones? >> you need partners to do that. he wanted to rip up all these deals and do bilate deals just the united states and singular countries as opposed to multilateral like nafta, for example or tpp. but to go back to your question about the meeting that's going to take place, g7. i remember when we were covering george w. bush and the allies were so upset he didn't want to meet with yasser arafat. i'm going to the meeting and be the skunk at the garden party. that was nothing how stinky a skunk this president will be at this g7 because it's not just sort of a diplomatic question, it's the economy. it's the economic engines of all of these countries. and maybe there's no economic impact in the united states yet, but there could be. i mean,

. knocked around left, right and centre -- tpp.kets from these overseas operations and there is no plan to start selling the all—american motorbike to american riders from abroad, they will still be producing for the domestic market in the us. here in europe, eu leaders have been meeting and we have been talking about the migration deal they managed to set up migration deal they managed to set up but also a bad debt restructuring. there is another summit if you like and certainly the migration one has been getting the headlines for understandable reasons with a potential political crisis in there. but the euro zone leaders are looking at reforms there. one of the issues they are looking at is whether there should be anna mayes almost automatic for companies in difficulty with debt that they should have to look to restructure what they owe to the private sector. that would be something that appeals to germany and the netherlands because it would mean that their taxpayers, they think, would have less of a burden in coming to the resc

the transpacific type, tpp, was specifically about keeping china in line.the united states that had companies that were suffering as a result of these ip infractions. it was lots of other countries' companies as well. this was about bringing together a coalition of the willing to use an ek presentation used by larry kudlow, to basically ban together and try to get tough on china. the way to get tough on china is to get together with your allies who are also suffering and use that as leverage. instead, trump withdrew us from tpp and is instead going through with these sort of willie nilly tariffs that are bad for u.s. firms in addition to not inflicting a lot of pain on china. if you really want to get tough on china, we had a way to do it. we had 11 other countries or so on board, and we pulled out. there were plenty of multilateral ways that are much more effective that have proven much more effective, and instead, trump decided he didn't really feel like learning about them, and said you know what this i'm going to come out guns blazing and just slap tari

i was a big supporter of tpp as you know. think the best thing the president could do, one, work out deals with our allies and be tough on china. the best way to be tough on china to go back into it. pp, to have trade agreements with all the 11 countries. >> he is not necessarily adverse to that it was politically expedient to perhapsville noise tpp on the campaign trail. of the we could see tpp 2.0, look, i will get all the countries together and he will, i would imagine package it a little bit differently. part of that was the packaging, how they sold that. you have to sell these things. if you say we'll have influence of china as a result of this newbie lateral agreement you might get more support? >> it needs a new name. that would be es about case scenario. you mentioned a, i know it is early days, policy of cutting taxes and regulation on business is working. you have to ask now why does he want to raise taxes and regulation when it comes to ininternational business which is what we're talking about with trade? trish: t

the tpp countries managed to negotiate out the dairy tariffs. >> getting out of the tpp. one of the mistakes. >>> ahead, a possible tornado left quite a mark in northeast pennsylvania overnight. a storm stretching over a mile wide collapsed buildings and flipped cars and left several injured. ncer ] duci wo asus, a next-generation, all-in-one work table and clamping system. ordinary work tables can't compete. pegasus has integrated clamps that hold materials tight at any angle. steel reinforcement makes pegasus superstrong. to prove it, we had pegasus support a car. sets up in seconds and folds flat for easy storage. strong. versatile. portable. a workspace anyplace. the worx pegasus. and with twice the detail of other tests... ...it can show dad where he's from ...and strengthen the bonds you share. give dad ancestrydna for just $69- our lowest father's day price ever. and it's time to get outside. pack in even more adventure with audible. with the largest selection of audiobooks. audible lets you follow plot twists off the beaten track. or discover magic when you hit th

among all of our ally -- >> the essence of tpp people are saying trump shouldn't be on tpp because he couldn't got around this, of course, changed dramatically because justin trudeau took advantage of america absence made it a canadian first tpp. >> we'll be back to talk about more right now we're going to take a look at the futures because we were up slightly higher in the day. pompeo indicating up 50 and come down a little bit. remember, though, we've had roadway markable three weeks in the market a stealth rally that has been absolutely phenomenal in part because of the headlines one of the big headlines will be the historic meeting between president trump and kim jong-un that is hours away there's in singapore with the latest. deirdre. >> hey, charles it is exactly 12 hours away this is stuart never has a sitting u.s. president sat down on a one-on-one meeting with a north korean leader. so for the first hour which is expected to kick off here 9 a.m. eastern time or rather local time 9 a.m. eastern for you. it is justng to be the two, so no advisors no cabinet members only transla

shouldn't we be working with our allies under something like the tpp to be a blunt to china instead ofcrewing our allies, as they would say, and maybe pushing them into the arms of china. >> that's an economic term, by the way, alex smith, "screwing our allies" was in chapter two. the president wants to help steel country, the rust belt to a certain extent, but there's other forms of manufacturing. there's this manufacturing of finish products and they're going to get pounded by this. the chamber of commerce estimates as many as 2.6 million jobs could be at risk by this. there are workers, not to mention the agricultural workers, but therere real workers that could be hurt by this. >> there are. i've told the white house i think aluminum and steel tariffs are especially stupid. i estimate somewhere between 150,000 and 200,000 americans who work in the steel and aluminum industry today but we have 6 million to 7 million manufacturing works are who use steel and aluminum in producing cars or trucks or manufactured goods. and if they have to compete against other countries with more expen

bilateral tried agreements that we have but the wto system itself and to think about if we join the tpp if we were leading in the system and if we could work with partners the things that came in those agreements what came in the right direction also a lot of instruments like the trade laws that have been used to deal with china versus where we are today not simply raising tariffs around the world including the allies and posing a big cost both large and small and i will get to that in a minute but really not putting that much pressure on the chinese. so the question becomes do we want to continue down this path or expand further? may be a problem ten years from now like the auto sector so here is a sector 40 or 50 times, i'm sorry not the auto sector, ten times the size if you take all manufacturing that depends on steel and aluminum that is 40 or 50 times the size and if you start building restraints into the system in the industry like that you are really expanding the conflict tenfold and basing it on a concept that others will talk about it is essential to your national security to

also steel and tpp. >> right. okay. >> can i just add? because that sparked the comment there -- sparked an idea. this idea, there is a lot that japan could do in a north korean economic development scenario. and if i give my view of whether the sub captain is going to defect or not, unfortunately i don't think he is. so, the problem is abe's just not going to be able to i think for all the political reasons, whether it's the abduction issue and a variety of other domestic political issues, i think -- i don't think he can be forward leaning if trump and moon and a few others decide, oh look, we got a couple of missiles shipped over and we have got some inspectors in and we have got -- we're moving toward denuclearization and if it's a really weak deal it's -- japan's in a really tough spot of -- you know, you have the south maybe beginning to develop tourism zones and they start working on a casino and the expectation is, yeah, we want japan to put a clean coal facility over here to help fuel -- provide electricity for it, et cetera. i th

tpp was attempting to address many of these imbalances between trading partners and the united states part of that but it was all with china in mind in address enterprises and address intellectual property rights and protection, and so i think that it kind of comes around to that solution at the end of the day. it'll be a tpp-like solution or an enhancement of the world trade organization that says to china, if you are going to be part of the world trade operation and have normal trade with other nations, you're going to have to play by international rules. you cannot continue to play by china's rules which are restrictive of investors in china. >> there's been so much discussed this way about aluminum and steel. such an important part of this conversation and so trade analysts have been reading, ross' hand may have been weakened by the trump's administration to go ahead on tariffs with aluminum on import from europe, canada and mÉxico. what do you make part of that? >> the business community is kind of up in arms, sectors of it. the steel industry loves it. they will get more busines

unlawful and ordering funding to continue, but the court battle over the issue is far from over while nine tpp grantees have received rulings thus far, the remaining 72 organizations are awaiting decisions from the court. announcer: when we return,undeow shooting for the stars. soledad: bezos says the moon is ripe for colonization. announcer: are you up for a lunar -- [no audio] people - with cameras and a eake s. but the people watching - are far, far away. and what )s next after a hot weekend? kari )s updated forecast ahead f the new week. )today in the bay ) - monday - 4:30 to soledad: amazon founder jeff bezos says it's time for the u.s. to go back to the moon, but this time, we should stay. bezos says the moon is ripe for colonization with sunlight for energy and ice under the surface that could be turned into water, air, even rocket fuel. he says the earth is convenient for humans right now, but two survive, humans will eventually have to leave in a few decades. his spaceflight company called blue origin wants to build a lunar lander in rshipartnewith bezos says if nasa ops out, he is st

the president pulling out of tpp meant that they have to make their bikes there now. >> this is one ofthat's totally counter conservative principles. the mitt romney theoretically would speak out against. >> yeah. >> we shall see. harry and zach, thank you. appreciate it. >> thanks. >>> breaking overnight, a federal judge ruling the reunification of families separated at the u.s.-mexico border. san diego's federal judge ordered federal officials to stop detaining parents apart from their children unless the parent is unfit. the judge required the government to reunify parents with children under 5 within two weeks and ordered parents to be reunified with parents 5 and older within 30 days. >> the judge says the unfortunate reality is under the present system migrant children are not accounted for with the same efficiency and accuracy as property. certainly that cannot satisfy the requirements of due process. health secretary azar says only six kids, six children, have been reunited with parents since the executive order to stop separations. >> at the moment confusion reigns as authorit

there was tpp but with the tariffs, he signed them and then put them on hold. there was this idea that we can manageis him, s all bluster. now that they are real, things are tting serious and don't know what to do. robert: maybe he is not just trying to join the clique but y ou see a reemergence of a new world orderg say russia should be invited back into this clubth afte left in 2014. they were booted out after going intohe ukraine. >> that was the most interesting thing. out of nowhere, no one even asked if russishould be brought back in. he came back inl anting to tre world by declaring, what about russia? russia has very little economy to speak of and they are still in the crimea, still messing around in the ukraine, apparently murdered meone in england. they have done nothing for a u.s. president to say they should be brought back in and rewarded to this most elite club in the world, as some put it. i'm not sure how that is a sign of strength, that they would welcome russia back without any concession or sign that they had done something wrong and were bei

/japan bilateral trade agreement to replace the tpp going? in fact, when you isolate yourself from all the nations in the world, it turns out they are not necessarily willing -- your fra additional allies are not necessarily willing to do back flips to accommodate your demands as we're seeing again on nafta, with the potential of that ultimately foundering as well. i think there is a kind of an unreality at some level of saying, well, yes, we are now in this escalating trade conflict with all of these traditional allies. but we are going to supersede this and leap over into some grand new bargain that's going to be vastly superior as he has argued in iran, as he argued on tpp, as he argued on paris. none of that is happening, and i would think we have pretty limited prospects for this as well. >> kim, you mentioned this is red meat for his base, these new tweets. yet he made a real point to talk up his relationship with all of the allies when he was making his remarks at his presser just today. he talked about the relationship being on a ten.

this is just if you don't remember the tpp agreement, this is the soe chapter. it's there. we can go back and read it and learn from it. what are the critical features of these chapters in these agreements that we could build from? obviously, transparency. and this is one of the big concerns with the chinese approach of having government officials, communist party officials potentially sitting on the board of companies, right? potentially directly/indirectly promoting certain nonmarket-oriented behavior. we need to understand if there is going to be an soe, if it has nonmarket motivations, you need to know what those are. it may be -- they may be perfectly legitimate. it may be that they're worried about employment concerns. it may be that they're worried about servicing underserved populations, poorer populations. that they might have nonmarket, nonprofit-oriented motives. but you have to understand what those are ex ante in order to evaluate behavior ex post. these agreements have principles to guide behavior on nondiscriminatory treatment, commercial considerations. and

would you support efforts to reengage with the tpp nation's? >> i do. the president prefers bilaterally. i do believe that improving trade relationship with each of this country's is good for the united states economy and is important for national security. >> i share that view. i want to talk about russia, for a moment. this is another adversary to the united states. from interference in crimea and interference in the u.s. elections, this has been a problem. there is the nordstream pipeline that would allow russia to monopolize the oil and undermine european allies' abilities to counter. >> we are engaged in a "all of u.s. government approach" to convince countries that increased energy relationships with russia is not consistent with what we're trying to do. the nordstream example is one of those that we think is the wrong direction and allows rush to have the capacity to influence germany and all around europe. >> shifting back to the asia-pacific and north korea, should they not commit to the process, would you commit to walking away from the negoti

the united states is not part of the tpp anymore.re seeing china become more aggressive in the south china sea. howdy think the latest trade actions by the administration compounded with the geopolitical risks in the region will play out? one, i think china has been and will be the biggest winner in the trump administration. they are significantly ramping up their influence in asia-pacific and around the world. secondly, i think trump is going about it the wrong way on trade. if you have concerns about chinese trade practices, you need to isolate china. the tpp was one way to organize countries in that region to a set of standards china would be outside of. by picking fights with our closest trading partners in europe, canada, and japan at the same time you are picking a fight with china, i think that is a losing proposition. at the end of the day, china is well positioned to win a trade war against the united states, because they have less political reliability. if they start hurting people and keep a little constituencies in the un

everything that president trump is talking about right now trudeau this year with tpp. >> agree. i think that is why the markets have been so positive. we really don't see a huge amount of risk. it is negotiation tactic. you come in with a ask twice as much as you what you really want coming out of it. charles: having said that, when resolved, hopefully soon, what do you think the reaction will be from the market? >> honestly any sort of resolution in general you get rid of unknowns the market tend to go up. we have such strong fundamentals. i think certainly there could be areas like homebuilders. tariff on wood is hurting homebuilders. charles: lumber prices have stung. >> there are industry could be hurt may offset the benefits of other various specific industries but overall the u.s. economy is running faster speed than outside world we'll continue to go up. charles: how are the democrats handling this? we see, i don't hear as much about this, i really haven't. i know nancy pelosi come menned on jobs report saying it was good but all about consumer confidence. someone forgot

. >> it was already negotiated down, though, in the tpp >> exactly >> that's the objective -- >> tpp - >> it was done >> it's the way to go, i mean, imposing tariffs on canadians as the first american people is not the way to negotiate for the canadians' argument to stop hurting its consumers by allowing more dairy at cheaper prices from the u.s. people think about this the wrong way. the only way to buy really effectively the hand of foreign governments who commit to each other's welfare is through multilateral agreements. tpp was supposed to achieve that the u.s. decided to step out and try to use force >> yeah. >> this is not the way to go >> okay. thank you very much for joining us we'll leave it there for now >> pleasure. >> kelly, all i was going to add in terms of the g6 united when against the u.s., i do not understate the impact the prime minister came out to say i would support russia joining like the president. that's a slight difference now we had not got that classic western liberal leader in position there >> because of the weakness of the economy? >> i think it's to do

pulling out of tpp at the beginning of the trump administration strainedur economic relationships withners in asia who we need as a buffer against china and to h north korea. prime minister abe is visiting with president trump i think right this minute i'm sure with both issues. both about trade, and about his fear that he could be abandoned in a deal with north korea. >> if we had stayed in the tpp our influence in asia would have remained bigger than it is right now. >> they are moving along without us. >> yeah. >> i'm worried that all of these regions will move along without us. how is it going to look in four or five years if we don't have anybody to trade with and they are all trading with each other. >> an important moment in time. this is a great book, what would the great economists do. thank you ladies. now back to another key issue i was talking about earlier, immigration. as house republicans continue to negotiate a way the get an immigration bill to the floor some republicans are arguing for a return to regular order. speaker paul ryan spoke positively of the traditional le

decision to withdraw from the tpp.he trans pacific partnership ed thisould have cre free trade zone around the asian basin. all big companies are assessing risk. if you are only buildi vehicles in the u.s., there are a lot of countries with free trade agreements around the world where it might be more advantageous to build. jane: is the auto industry being disproportionately affected?y david: te front and center. that is one of the big areas that has drawn the ire of president trump, mexico's big auto production, the fact that companies are building new factories in mexico. auto is one of the greatest prodts where you have global integrated supply chain and are at the most riskf tariffs given that all the companies assembling vehicles in the u.s. reply on parts from mexico, canada, and elsewhere. jane: en if the standoff ends tomorrow, how much damage to confidence has this dispute done? david: the jury is out but these companies are assessing -- do we maintain production?o what do to diversify the risk? o you have a l

the president has done a great job, in his opinion, of tearing up tpp, walking away from paris, walking away from iran. what he hasn't offered on the other side of any of them is a solution. and at the end of this summit, the question will be a solution. you're in luck, i have a superb panel. our next guest, former ambassador wendy sherman. served as policy coordinator on north korea under president clinton and worked on the iran negotiations under president obama. and mark thompson, radio host for sirius xm progress. ambassador, secretary pompeo, he said this, this morning. >> president trump has truly laid out a process here that is fundamentally different than the ones we've gone through before, and i expect that the process from tomorrow forward will also be fundamentally different. with a resolved america working to try and provide an outcome that benefits both countries. that's different than what we've done before. >> what do you make of that? he says president trump has laid out aifferent process. we've been fooled before. >> i think what it says is the president has two prisms

tpp agreement would have helped them in that agreement.hey don't have the tpp agreement an the final issue that they're facing is that globally demand for motorcycles, especially from younger consumers, that next generation, it's just not as robust as it's been in the past and for harley-davidson, this is a triple whammy and they have to make a decision. >> is this an isolated thing, phil, related to the three things you talked about or a sense on wall street as the trade war picks up other companies might follow snut. >> some companies will follow suit and how to know how many. for harley-davidson, this is a specific response to the retaliatory tariff that the eu has put in place for motorcycles. so, when you're harley-davidson, you're going from 6% to 31% as a tax on your vehicles going into europe, you've got to respond. now, if you look at automakers, most of them diversified worldwide and so if there are some types of retaliatory tariffs down the road most should be able to ride out that storm by shifting around production. but no dou

we see that in nafta with canadian dairy, the tpp. there is a lot to learn. how we can apply to the u.s. farm bill applies to the context. from spring hill, florida, snap recipients. what is your question? caller: i wanted to make a comment. i am a food stamp recipients, work at walmart. as a cashier. i see what people by with food stamps. i buy food to eat. but i have seen it come through where halloween, they buy all the halloween kennedy on food stamps. things like that that should be restricted. you should not be able to buy pop, candy, these types of things. you should be feeding your children good quality meat, milk, things like that. the other thing i will say is this. from working at the wages that are paid is the reason why i get the food stamps is because i work all the hours they will give me. if i made a decent wage, i wouldn't need food stamps. i think those two issues should be addressed more than some of the other comments is people are making. alan: the caller does make very salient points. this gets back to the nutrition restrictions on food

for trade, working hard to demonstrate that we can sign progressive trade deals like sita or even the tppith asia where we demonstrated that issues like protecting the environment, gender equality, workers rights are integral in creating the success of trade deals that create growth. in any trade deal there are always, you know ways to look , for compromises, ways to understand that we can get to a win-win-win, but i have said clearly, and canadians know this of me, that i will stand up for canadian interests. i will only sign a deal that is good for canada. and no nafta is better than a bad deal, and we have made that lr with the president. we know there is a good deal to be had that can create gains for all three of our countries. that is the nature of the non-zero-sum game when trade is done properly, but we are not going to move ahead just for the sake of moving ahead. stephanie: in washington, a lot of people have been impressed by the way the canadians in particular have galvanized the business community and canadian businesses to go to congress people and senators. wilbur ross said

free trade agreement with europe and tpp was the agreement in asia and, you know, president trump haslaining about the dairy tariffs that canada has on the united states, that is also something that would have been dealt with in tpp which the united states and trump administration decided to quit so, you know, when you ask are his policies working well, maybe, they're kind of getting us back to a discussion that we already had before he walked away from the table >> transatlantic trade and partnership. >> where do you think we stand in this trade dispute, trade war, trade whatever you want to call it with china and which country has the wherewithal to withstand increased pain in the form of tariffs? >> i think we'll test it to be honest with you in terms of who has the wherewithal to sustain the pain i know everybody, and i think markets keep expecting that someone is going to come and, you know, untie the girl from the train tracks and i don't think that's happening here i think we are going to be in a fully blown trade war where all of these proposed tariffs will be in place before

tpp is not much different either. only us who got out of it, and the chinese got into it, and n our place. we now have a major, if not negotiation, we have a major decision coming up in may and that is whether to resetter identify the iranian nuclear deal. now, if the president -- and i qualify this since, as i say, what he says on monday may not but what he says on tuesday but what he said during the campaign, said several times since, his number one priority is to overturn the agreement that we and several european powers made with the iranian government to shut down for a 15-year period of time their nuclear practice if that were to happen, imagine that soon thereafter we're into more fully negotiations with the north korea begans and on what? on nuclearization again. what are your thoughts on how dangerous the situation are we headed into, how much do you weigh you give to what trump has said versus what he might do, which might be different. >> i think every sane expert with an understand offering the region has

all those things that trump is doing, like the tpp, nafta, that there a court, those -- the paris accord, those are all things putin want it done. host: democratic caller, welcome. caller: hi. interesting thing going on here. i think it is missing all the points. can you hear me? host: we can. keep going, jim. caller: i miss obama. words matter. know, we have health care problems, we have opioid epidemics, we have all kinds of things going on in this country. when are you going to stand up for the policies you said you were going to run on and help the people in america? i am one of them. host: thank you for calling this first half-hour. we are going to take a timeout and dig in deeper on the trade and tariff issue. our two guests at the table for the next hour will be veronique de rugy of the mercator center at george mason university and ants --ul from the only from the alliance for american manufacturing. he will be right back. ♪ >> this week marks the 50th anniversary of robert f kennedy. >> he really enjoyed getting out among the people. he enjoyed the physical contact. he refused p

pulled out of tpp and the paris climate accord. it's great for him to sit back and pause and let some of the other important tariff negotiations with china settle before he really rattles the global markets. charles: the pro-business organization, are you satisfied that wto is effective enough in handling these kind of disputes? you know, people say well we've won the vast majority of them. it doesn't feel like we're winning them, david. >> well it is a good organization. and actually the president made a good decision because it's one of the ways we can get to his goal of zero zero tariffs. the wto works toward reducing tariffs, reducing trade barriers. we win more than we lose. the interesting thing about it is, it's sort of like arbitration where it's nonbinding. you go there but each country can decide what they want to do after the arbitration is over. so they can't enforce anything. we actually probably prefer that because we don't release or sovereignty to them. it's a good organization. it's helped the united states reduce

if you look at the result, they withdrew from tpp, the nuclear agreement, withdrawn. the u.n.mmigration agreement, withdrew. the paris agreement they have withdrawn from. now we want everyone to know, we want immigrants to know as well, we are not going to rest until assured your safety. we will work with civil society, with litigation, so we do not face that. >> candidate anaya, president of france macron tried to make friends with some of -- friends with donald trump. he took him around paris. he showed him the eiffel tower. he went to the white house and they planted a tree together. macron wanted to convince the president to respect the paris climate agreement and he was unsuccessful. you said you have to confront trump. youn interview, you said would say, excuse me, just leave. that confrontation policy has not been attempted by kim jong-un. with a free trade agreement on the table, how far do you think he would go with that confrontation approach? >> i said it very clearly. in politics, you do not make many mistakes. you make one big mistake and you are dealing with cons

joins an international effort to rescue a team of soccer players and their coach tpp>>> also, the be by amazon that could be a game-changer in how you get your prescriptions. be a game changer and how you get your prescriptions. a higher risk ofe due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'm up for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. so what's next? seeing these guys. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all

>> they withdrew from tpp, the nuclear agreement, withdrawn. the immigration agreement, withdrew.e want everyone to know, we want immigrants to know as well, we are not going to rest until we have ensure your safety and we will wake with -- work with civil society, with litigation, so we do not face that. >> candidate anaya, president of france macron tried to make friends with trump. he took him around paris. he went to the white house and they planted a tree together. macron wanted to convince the respect the paris climate agreement and he was unsuccessful. you said you have to confront trump. that confrontation policy has not been attempted by kim jong-un. with a free trade agreement on the table, would you go for that approach? >> i said it very clearly. politics, you do not make many mistakes. you make one big mistake in your dealing with consequences. it was one mistake that was made. the humiliation of the next can people when this gentleman was insulting and attacking mexicans, calling us rivers -- rapists and murderers very they gave him the red carpet treatment. he likes

when we left tpp, they're the ones that picked up the pieces, but they also are pushing in central asia, in the middle east, and in africa and in latin america more and more. so i think that we need to understand what that is doing to us. i do think the hard part, and you and i talked about this and it's wonderful to have leaders from all over the united states, and your appleton, wisconsin, story is very important. how do you explain foreign policy to people? i have made it my mission, and it was when i was secretary to make foreign policy less foreign. i had travels with madeline. i would actually go into classrooms. what's interesting is our -- mostly in our classrooms, these maps are flat maps with the western peninsula in the middle with a couple flaps on either side. i would always ask the teachers to bring in a globe and show that most of the people live on the other side of the globe. so any number of things. so mideaost recently i have to say -- and i do want to spend some time talking about the private sector in all of this. but i was at a starbucks. they have this whole thing