u.s. international trade commission. furthermore this is allowed by the world trade organization but largely the argument that this import of steel is a threat to the u.s. national security is not justified a matter of fact in matters the defense secretary in the trumpet ministrations said that the us military only needs about three percent of u.s. steel production so this is not a threat to the u.s. national security. is very very briefly if you can is it wise for the e.u. to retaliate. i don't think it's very wise it's very wise for the e.u. to stay within conformity of the world trade organization which is a very good platform for trade disputes and trade negotiations. but what the e.u. should do above all is finally realize why so many american voters supported mr trump we have large parts of the us where people are suffering where the economic development is not very positive and we should get down to brass tacks work with the trumpet ministration on the underlying causes of these problems don't use international tra

u.s. international trade commission furthermore this is allowed by the world trade organization but largely the argument that this import of steel is a threat to the u.s. national security is not justified matter of fact in matters of the defense secretary in the trumpet ministrations said that the us military only needs about three percent of u.s. steel production so this is not a threat to the u.s. national security. is very very briefly if you can is it wise for the e.u. to retaliate. i don't think it's very wise it's very wise for the e.u. to stay within conformity of the world trade organization which is a very good platform for trade disputes and trade negotiations. but what the e.u. should do above all is finally realize why so many american voters supported mr trump we have large parts of the us where people are suffering where the economic development is not very positive and we should get down to brass tacks work with the trumpet ministration on the underlying causes of these problems don't use international trade as a scapegoat but focus on education infrastructure and the like t

u.s. international trade commission agreed, and in january, trump announced a big new tax on foreign washers. >> a big industry. a lot bigger than people would understand. >> for this first year, any company importing washing machines to the u.s. is hit wit % tariff for the first 1.2 million machines that they bring in. now any subsequent washi machines they bring in after that 1.2 million mark are hit with a 50% tariff. so it is pretty steep. >> reporter: and sure enough, prices are going up. a lot. so far this spring, they've spiked 17%. and it's not just foreign ivshers that are more expe now-- whirlpool has raised prices, too. it blames higher costs, but as soumaya keynes points out: the whole point of this tariff is to give the domestic industry relief. so if it works, then whirlpool b is supposed toable to increase their prices and profits. the whole point is that they've been injured by this foreign competitn and this is supposed to let them get back to financial strength. >> reporter: so if prices go up, it's aeature, not a bug, essentially. >> but it means consumers are worse off be

u.s. international trade commission report. more recent number from the commission on the theft of american intellectual property, this report commissioned last year has a much higher number stating up to $600 billion in ip theft is possible. so experts say the motivation to level the playing field is undersndable, but what gets complicated is that so many american businesses are interconnected. for example, here are seven big tech american companies that source half of their products and components from china. they are names you know well, they are names that are in a lot of tech portfolios, hp, ibm, dell, cisco, unisys, microsoft, intel. s&p 500 tech companies as a group get about 60% of their revenues from overseas. that is the highest foreign exposure of any be other sector in the s&p 500. even apple has sold more iphones in china in the last three years than in the u.s. in fact, apple gets about 20% of its annual revenue from china. the chinese president, of course, saying china will punch back, we'll not be forced to, quo