we're talking usmca, next. like playing your own version of best ball. because here, you can choose any car in the aisle, even if it's a better car class than the one you reserved. so no matter what, you're guaranteed to have a perfect drive. [laughter] (vo) go national. go like a pro. see what i did there? at mill milken substitute globally conference a special edition of "mornings with maria." >> welcome back good monday morning. thanks for joining us happy monday to you coming live this morning from los angeles. it is monday, april 29, top stories right now 8:00 a.m. on the east coast, trade is in focus this morning, coming up exclusive interview with treasury secretary steven mnuchin. >> the president is determined tariffs have been a big part of getting people to at the negotiating table but the objective is to make sure we have fair and balanced trade. maria: more on trade this morning, including the usmca deal, will it get ratified? the gdp after a strong number friday and recent attacks on capitalism co

maria: you can't close the border right before usmca gets ratified, right? >> i'll do anything i have to. this is more important than usmca. maria: mr. president, i know you have to run. william barr testifies next week. what's the most important question you think he should be asked, if he shows up for the testimony next week, the upcoming week. >> the most important general for the great new attorney general -- he's done a great job in a short period of time i think it's how did this start, how could a thing like this happen to our country. it was a big con job. how could top people at the fbi be so corrupt and be so rotten and why did everybody let it start? it was very interesting. i watched different people this week and everybody wants to know not about where it came from, how did this start. why did we come up with -- why did we come up with a comey who was corrupt? why did mccabe and all of these people exist? i mean, mccabe whose wife got $700,000 from hillary clinton's pac and she's under investigation by the fbi. no wonder they let her go. so many

usmca is a great deal and very good for mexico, but this will supersede usmca. >> president trump has landed a little ways from here. he's on his way to the border station where he will be meeting with border and immigration officials and then come here to check out this wall, ed. >> kristin, the president, as you know, before the trump pulled the nominee to lead ice. what do we know about that? >> well, he called him a good man but president trump said he wants to go in a tougher direction. ron vitello is a long-time border patrol official. he was scheduled to come to the border with president trump and then the paperwork to withdraw his nomination was submitted to congress yesterday. some security officials thought it was a paperwork error but turned out to be legit. as you mentioned, it caught a lot of people by surprise. >> ed: absolutely. the president doing fund-raising today, outreach for republicans ahead of 2020. what do we know about that? >> as soon as he leaves here, he will be headed to los angeles for a private fund raiser at a house in beverly hills. tomorrow he's headi

i want to put a plug in for usmca. we talked a lot about china, but usmca is a very important trade deal and it's a good trade deal. you have not only i think a better distribution with respect to the mastic content with many fact -- domestic content with manufacturing and wage adjustments. adjustments, we had some good breakthroughs on the dairy farming issue with our neighbors to the north. stuff is new economy very positive. it's much stronger intellectual property taxes, which is so vital for entrepreneurship and investments, so vital, expansion of digital services, expansion of financial services, expansion of biologics and so forth. i love the new economy stuff. andink it is very progrowth i try to push it wherever i go. i think we have a decent chance. i think the speaker has been evenhanded on this. me, as a side if you up to a lot of people criticized trump administration for being wei-trade and actually, as have ae this morning, we decent chance of a historic china trade deal. i'm somewhat optimistic. we have

usmca is a good deal and great for mexico.his will supersede usmca. >> on this border tour president trump was supposed to be joined by his pick to lead the customs enforcement agency ron vitiello, the white house sent a letter yesterday that his nomination was being withdrawn. >> ron is a good man but we are going to go in a tougher direction. >> before this new wall went up, the border patrol chief here in the el centro sector said her agents were getting rocks or large chunks of concrete then at them every single day. he shoe said the number of assaults has dropped 65%. john? job john we will have more with this with the panel later on today. kristin fisher on the border with calexico, thanks. former vice president joe biden says is he very close to making an announcement about whether he will run for president. biden gave a fiery speech today to union electrical workers here in washington. during the event he made light of the controversy over his inappropriate touching of women which prompted some criticism. correspondent

how important is it to lincoln that we get usmca ratified?ith the administration making sure we understand what is important on both sides of the business. we think it is a good program. it is something that will work for the industry and we are positive it will move forward. david: give us a read on the u.s. consumer. you deal with the u.s. consumer every day. what is your read on the consumer and how much money they have and are willing to spend on things like lincoln's? joy: we think with the inflation rates remaining stable, with unemployment being historically , we thinkge growth there's a combination of things there to keep a healthy consumer. we have seen rate increases but it looks like they have slowed. where are optimistic on the future for the consumer. david: great to have you here. that is joyful otto:, -- that is joy a lot of code -- joy falotico, lincoln president. this is bloomberg. ♪ david: this is "balance of power" on bloomberg television. i'm david westin. the democrats are facing a problem of enthusiasm. there is too much

. >> i would say one of the president's main objectives is the ratification of the usmca. and i think closing the border would have gone a far way in undermining that. >> that's the new nafta, replacement for nafta? >> it's getting some momentum with democrats in the house. it's moving somewhat forward and to blow that up would have been

the usmca is a great deal for everybody. but this is more important to me than the usmca.and that is it for us tonight. thank you for being with us. tomorrow night, general jack keane, pastor robert jaffers among our guests. please be with us. good night from new york. >> here are your market movers. president trump heads to the southern border today after a successful round of trade talks at the white house last night. more signs of eight u.s. china trade deal with the president saying he should note shortly if he should reach an agreement with china. >> the biggest divorce deal in history them is on jeff baeza's divorce is in the books. amazon alexa may become your personal dr. how the system can information from your mouth -- most sensitive

i want to put a plug in for usmca. we talked about china. usmca is a very good trade deal. here you have not only i think a better distribution with respect to domestic content of manufacturing, particularly automobiles, and some wage adjustments, very important, and some farming adjustments. we had some good breakthroughs on the dairy farm with our neighbors to the north. but also the new economy, which has gotten short shrift. this is so vital to entrepreneur ship, so vital, expansion of digital service, expansion of financial services, expansion of biologics and so forth and so on. i love the new economy stuff. i love the old economy stuff. i think it's very pro growth and that's why i want to try to push it wherever i go. and i think we have a very decent chance. i think the speakers have been evenhanded on this. you know, just as a sideline, if you will permit me, a lot of people criticize the trump administration for being anti-trade or whatever. and actually, you know, as we sit here this morning, we have a decent chance of a historic china trade deal. as i say, some

the usmca is a great deal for everybody. but this is more important to me than the usmca.. tomorrow night, general jack keane, pastor robert jaffers among our guests. please be with us. good night from new york. trish: the hypocrisy of washington, d.c. on full display tonight as 17 house democrats, dems who once voted against releasing the starr report back in 1998, announce they're all for releasing the mueller report today. amazing what a couple decades and a different political party in office will do, right? these 17 dems, there they are, we have done some research, all these dems that are still serving today, and we have a real cast of political characters. jerry nadler, nancy pelosi, m maxine waters. all of them once felt passionately against the release

maria: you can't close the border before usmca is t ratifi. >> it's more important than usmca. lauren: you can catch more of the interview at 6:00 a.m. cheryl: there's a new round of trade talks between the u.s. and china kicking off this week. steven mnuchin and robert lighthizer due to resume negotiations tomorrow in beijing, with china's vice premier. they will discuss issues such as intellectual property, forced technology transfer and enforcement. democrats and labor groups are calling for changes to president trump's agreement to replace nafta, known as usmca. nancy pelosi and other leaders have indicated some labor rules need to change before the agreement can come up with a vote. maria bartiromo caught up with steven mnuchin before he headed to beijing. she asked him about the talks. >> as you know, the president has us focused on trade issues across the board. so we made a lot of progress. we couldn't be more pleased with usmca. we hope to see the speaker bring that to the floor, so we can get that passed. cheryl: you can watch the full interview with steven mnuchin th

this is what he just said last couple days about the usmca. let's watch. >> talking about the president and his inability to see humanity. he's very easily able to see the economics of stories like this one. you look at what has happened with the u.s. mexico canada trade deal, it's falling apart. the president's twitter feed as a guide here. that may well be what spurred the president to make this threat. >> laura: he was talking about closing the border there. he brought up the close the border issue because the usmca is "falling apart." is there any truth to that? >> no. the future that i love, we built in a 16-year sunset. if you have a great asset, we don't want to sell it. what we to here, we really lease our market access. we do that every 6 years, have a fair market value renewal to rebalance. >> laura: you were instrumental in the president's run in 2016. what do you see in this democrat field? any interesting characters, some more than others that you'd like to run against? >> we looked at 2020. we figuring out how do we keep building

the usmca is a great deal for everybody. but this is more important to me than the usmca. so they have to live with it. >> so the president is saying we've got the usmca but i might want to impose tariffs on the cars despite the sideline that doesn't allow me to do that. we're trying to sort this out. my apologies. >> you may need your whole repertoire of emojis. now to casey stegall in el paso, texas. casey? >> hey, charles. a little confusion down here as well. you can imagine if john roberts standing on the lawn of the white house is trying to get this sorted out, folks down here certainly watching it from afar closely as well. because quite frankly, talk of tariffs, talks of closing the border, all of it has folks in border communities like el paso here on edge and uneasy. especially because some ripple effects they tell us have already been seen. cbp says there's longer than usual wait times at the international crossing bridges and parts of entry. commercial traffic congestion is an issue. look at these 18 wheelers backed up. they're loaded with goods to be imported.

please identify yourself. >> we were talking about usmca. but my question is a lot of the success of the program is cemented on the fact to have higher economic growth but the first is almost half of what we expected for this upcoming year. so what do you expect to happen as a turnaround in growth and what is your perspective moving forward? what will make that turn around quick. >> and with that economic growth is slowing down especially with europeans. we are still thinking we change from one.one at two.2 percent because we wanted to be in line with the central bank forecast. we are very respectful of the central bank. and that more or less but we believe the focus on the south of mexico will help because we are demanding investment and we believe that can be important like a keynesian argument we are providing much more money transfers than before. so we believe we can do it. especially with the announcement of the projects like the ones that i just talked about and many others and already there has been some success with some projects th

the usmca is a great deal for everybody. but this is more important to me than the usmca. so they have to live with it. thank you very much. [all speaking at once] >> i will 31 thing, it is a great deal. if they don't pass it it's purely political. everybody wants to see it pass. but we'll see. whatever they want to do is ok with me. thank you. come on, guys. announcer 1: american moonshot, john f. kennedy and the great space race. >> they thought the deal was too big but what fdr did well was beyond social security, he built eisenhower had a highway system. kennedy is thinking what is my administration's big public works saying? he picked the right number, technology. a computer chip gets a developed in the 1950's. -- gets developed in the 1950's. modern aviation kicks in. when jack kennedy runs in 1960, there are no computer science classes. by the time he is killed, there are computer science classes everywhere. air travel is replacing automobile and train travel. people are flying more and more, , soairports being developed the jet age and space age, kennedy grabbed on

the usmca is a great deal for everybody. but this is more important to me than the usmca. so they have to live with it. thank you very much. [all speaking at once] >> i will 31 thing, it is a great deal. if they don't pass it it's purely political. everybody wants to see it pass. but we'll see. whatever they want to do is ok with me. thank you. come on, guys. >> coming of the life and friday, joe biden will speak at a conference for electrical workers. then the head of the atomic energy agency on nuclear guards. and a discussion about combating isis in syria and iraq. association lawyers holds its policy conference. that gets underway at 8:45 eastern. on c-span3 at 9:00, a look at how the domestic political climate is affecting foreign policy. >> the only thing we have to fear is fear itself. ask what you can do for your country. >> the presidents. .he best and worst interviews with noted historians. explore the life events that shaped our leaders. by public affairs. copy.n preorder your wherever books are sold. on thursday, the house voted to and assistance in yemen's civ

the usmca is a great deal for everybody, but this is more important to me than the usmca, so they wille to live with it. thank you very much. thank you. thank you very much, everybody. >> thank you very much, press. >> thank you. >> thank you very much, press. >> thank you. thank you. tell you one thing, it's a great deal. if they don't pass it, it's purely police camp the usmca, everyone wants to see it passed, but we'll see. whatever they want to do is okay with me. thank you. >> thank you. >> president. united states in the cabinet room taking questions from reporters. most of that conversation about relations with mexico and with china. trade tensions, immigration tensions, drug smuggling tensions from the president. let's try to translate what we just heard. to me the most significant thing, the president didn't say it this way, but that he's backing away to close the border. backing away. saying he'll shut down ports of entry, wants to take the resources by shutting down the ports of entry, take the resources and put them off to fight illegal border cross and the president saying

look, we are totally committed to usmca. bob lighthizer put this together, i think it is the single best trade deal in american history, i mean that. i have been out there fighting for it. happy to talk about it in on your program. it is so totally pro-growth and pro entrepreneurship. it fits right in with all the other things that this administration is trying to do. i'm still playing it cautiously optimistic on the china trade. they are hard at it. david: china has all of the tensions between the china and the u.s. have caused a lot of problems, not just here, but around the world. if there is a china deal, what happens to the world economy? do we see -- how big a boom could we get from a good china deal? >> well, if it's a good deal, or to use the president's phrase, if it's a great deal, and if it's an enforceable deal, then yes, i think it's win-win, growth for everybody. it will help open up chinese economy. if they open up their economy, we will sell them a ton of goods. our export sales will soar. we are the most com

i want to ask you about the usmca. the president said he will include the ability to put tariffs on mexican cars in the trade deal with mexico, the new nafta, which now essentially prevents that. the deal's already been signed, though. the president even had a press conference introducing it. is the president going to reopen negotiations on the usmca to put tariffs on mexican cars? >> no, i don't reckon so at the present time. he's just making a very strong statement. he wants the mexican government to help us work on this disaster down by the border where 100,000 people are now crossing illegally. >> but won't this completely undermine this trade deal that he's so proud of? >> i don't think so. first of all, what he's saying -- mexicans are helping us, okay? they're taking additional steps to guard their southern border. that's terrific. second of all, umca is a terrific pro growth deal. i want to get that in there because we're hoping it will pass congress very soon. regarding the threat of tariffs, the president bel

number one market and obviously, deep concerns about whether or not we can get the ratification of usmca done very quickly. so a lot going on that dairy farmers are very, very concerned about their number one market and the u.s. position relative to that number one market. liz: now, what if the president were to keep trucking lanes open? there was that discussion of somehow allowing commerce to pass through what would be no longer a porous border. >> well, the other concern is that they have basically been transferring personnel from customs to immigration, which has slowed the process down at the border over the last several days. so even though lanes may be open, there may be a delay in getting product to market. all of this is designed i think to create some uncertainty at the border. obviously that creates friction. what we need in this trade relationship is more friction. what we need is a resolution of the difficulties separating the two countries on the tariffs and a passage of the usmca. liz: it's important to mention, though, that the president has scrapped what he threatened la

american companies are curious about what's going to happen with the trade agenda with china, with usmca. hopefully we'll be able to shed light on that with the focus today on china. thanks, again, to all of you for being here. for those of you new to wita, we're the association for the trade community with members of the u.s. government, congress, administration from the private sector, from embassies, academics and of course the press. thise very pleased to have fantastic panel here today to talk about what is happening in the u.s. china trade relationship. a lot of businesses are very interested in what has been happening. there have been a lot of concerns about what is happening with the tariffs. they are hoping that we get a good result. we will be having this conversation. we hope you will join us at our upcoming events. we'll be talking on may 9th and may 16th, we'll be looking at bank and the reauthorization and export financing, what it means for u.s. businesses. with that, i'll turn it over to our moderator, michael smart. we are grateful to him for all the support in wita and

the usmca is a great deal for everybody. but this is more important to me than the usmca. so they have to live with it. thank you very much. [all speaking at once] president trump: it's a great deal. if they don't pass it it's purely political. the sumbings mca, everybody wants to see it pass. but we'll see. whatever they want to do is ok with mefment [captions copyright national cable satellite corp. 2019] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> take a look at our primetime schedule on the c-span network, starting at 8:00 p.m. eastern, 2020 budget hearings for agencies and departments. on c-span, testimony from f.b.i. director christopher way. on c-span2, we hear from health and human services second retafere alex azar. and on c-span3, we hear from labor secretary alex acosta. >> c-span's "washington journal" live every day with news and policy issues that impact you. coming up friday morning, a discussion about the economic impact of closing the u.s.-mexico border with dan

he argues that if the these tariffs are not lifted the usmca is dead.d sarah sanders if they had any concerns? >> not at this time. we're pushing through for a vote. it would be absurd for congress not to push forward and pass this deal that really benefits american workers and certainly is much better than the deal we've had through nafta over the last several years. reporter: connell we also heard from larry kudlow on the north lawn a little while ago. he said of the issues going forward with the usmca, they are quote-unquote, workable but in true kudlow fashion he also said he is optimistic. connell: always optimistic. thanks, blake burman at the white house for us. in addition to all of that, acting homeland security secretary kevin mcaleenan responding to criticism with the family separation policy. here is what he said. >> law against parents who violated our border laws brought children with them was effective but it didn't work we sense we lost the public trust in implementation of that initiative. i agree with the president's decision to stop i

the report says the usmca will give a modest gain to the economy, creating 167,000 jobs over the nextre it must be renewed. that's less than the average monthly job gains over the past three months. still, there's a growing backlash within congress and mexico and canada. the house ways and means chairman says we most closely analyze the terms of the agreement relating to labor environment and enforcement. as i remain concerned that these portions of the renegotiated deal are not yet acceptable. ron portman says steals steel and lum tariffs remain in place for mexico and canada, he may not vote for ratification. kevin hassett, not worried. >> there are moments in time when something is obviously such a good idea it can make it through this broken congress and i think the usmca is going to be one of those things. >> and the administration needs at least 24 democrats in the house to vote for ratification. if they get all of the republicans, along with the pushback from congress today, a senior canadian official saying nalling to me that they are are not going to ratify unless the steel a

the usmca is a great deal for everybody. but this is more important to me than the usmca. so they have to live with it. >> the president is going to california tomorrow. he's going to meet up with dsh secretary kirstjen nielsen. this is an area where they have the past few months been replacing old fence. it was 18 feet high with fence that is 30 feet high. it added an extra 30 feet. the old saying, show you a 30 foot fence, i'll show you a 35 foot ladder. the i believe believes it will be more effective than the aging fence that was in there put in the 1990s. >> john, plenty of security talk today and also trade talk from the president. >> yeah, we'll be hearing from the president in the next hour. we will meet with the chinese vice premier. he's been meeting with robert lighthizer and steve mnuchin in washington d.c. they met in beijing last week. they're being inching closer to a deal. a deal is not done yet, but they're getting much closer and the president earlier today was optimistic that something might get completed. listen here. >> they want to make a deal. we'll

me than the usmca.l have to live wit. thank you very much. [reporters shouting questions] thank you very much. thank you very much. connell: all right, that is president trump just momenting ago at the white house and providing some context to the headlines before we told had that played back. he talked about our big story today, the meeting he will have later today with vice premier of china, liu he. of the maybe he is not done then we'll recap. this is the president, we'll see if he takes more questions from reporters? no, i don't believe he is going to. you never know. you never know until it is really over. anyway, certainly made some news on mexico there on the border crisis. he didn't say much about china. that is going to obviously be the story later on in the day when he has meeting with chinese vice premier. he said trade is coming along. we'll see what happens. he gave us a little bit of context on headlines, told but the threat of tariffs. progress is being made towards mexico. mexico is comi

perdue: let's begin with usmca. while no trade agreement is perfect, i believe if he got chapter by chapter, verse by verse of the agreement, i believe from labor environment overg it's an improvement our nafta 1.0. if people are objective in looking at that, they would recognize that and hopefully do that. itc report is -- due imminently. that will allow you will to begin to consider it seriously. i was hopeful we can do that sooner rather than later. get a statement to the world that we are serious about our trade negotiations. hopefully we can do that. obviously there is one sector in seasonal fruit and produce where we were not able to get really wanted. it was on the table. ambassador lighthizer fought hard for that but that, in the spirit of negotiation, had to be eliminated. the china negotiations are very hopeful. i cautiously optimistic with china. it is never over until it is over. i think the news this morning was the secretary mnuchin feels they have an enforcement political, which has always been the pr

the usmca. he would not be allowed to do that. he says that border security is more important. >> this will supersede usmca. usmca is a great deal, and it's very good for mexico. but this will supersede usmca. >> but at least for now people in this border town of calexico and its sister city, mexicali, they are just very relieved that at least for now this border crossing is going to be staying open, melissa. >> melissa: kristin fisher, thank you so much. tom homan served as acting ice director under president trump. he's a fox news contributor as well. thank you for joining us. what do you make of -- does it sound to you like the president has backed off his threat to close the border? was that a good or bad idea? >> i think it's still on the table. he wants mexico to do more. criminal cartels are running rampant in mexico, they are operating, and mexican authorities aren't doing anything about it. you can't turn a blind eye to thousands of illegal aliens being bused from southern mexico to northern mexico. he has asked mexico to

they would obviously need to approve the usmca.ws up and acts like adults and does the right thing. i think between here, where we are today and a fully signed and implemented new trade deal, i think it's going to be messy and i think this is going to continue to be the pattern in the market where we have good news one day and the market goes up and then we go oh, my gosh we're not going to have a trade deal and everybody panics on the downside. it's going to be messy until it gets. cheryl: we could have volatility today to your point, considering earnings and the news on trade as well. a lot to watch throughout the trading day. shawn, thank you very much. great to have you here, as always. >> thank you. cheryl: a programming note for all of you. maria bartiromo will have all of the breaking earnings news this morning on "mornings with maria." lauren: and they'll move the market. hitting a bump on the road to 2020. there are new reports that former vice president joe biden may be delaying announcing his bid to run for president. th

and besides that, you've got usmca. that's going to be a heavy lift. can move on to that. then on to other trade agreements. again, i think that will strengthen growth, confidence, investment, all the things we need for more robust growth in the economy. connell: usmca, there are issues with that in terms of the president's threats, especially what he said about the border and possible tariffs. we will get into that as we continue. two-part for you. you agree that it's still a heavy lift in the congress in terms of getting that passed and what's your read on china? >> i view with everything in trump world is connected. so kind of what happens with the economy, what happens with the mueller report, what happens with the job report, all play into the negotiations on the usmca, all play into the negotiations on china. so am i still anticipating a deal with china? absolutely. but am i thinking that this is going to get done near term? i'm a little more cautious. i think we might have to wait until the june g-20 meeting before trump and xi are in a room tog

the new report says the usmca will create 176,000 jobs in the united states. report from the u.s.onal trade commission says the economy would see only a modest gain. this is the next step getting a deal ratified in congress. lawmakers can use the report to base their ratification votes. democrats starting to push back against the agreement with canada and mexico. the chairman of the trade subcommittee in congress, earl blumenaur, the house requires stronger provisions on labor, environment, access an enforcement. i will work with ambassador lighthizer to address the shortcomings that we get it right. administration needs two dozen democratic votes if they get all the republicans. white house economic advisor kevin hassett says the u.s. international trade commission report underestimates the impact but he is pleased with them adding $68 billion to the economy under the trade deal. >> the usmca is definitely not in trouble in fact i think the big news on the uscma of the week the icc report yesterday was a blockbuster positive report. reporter: the port says cars would be more expe

there is a sort of -- just imagine a world in which usmca doesn't get passed. there's no trade deal with china and there's no deal with japan or the eu, and then really the whole kind of trump trade agenda falls apart. but i think it's a bit too early to kind of come to that conclusion, especially because we don't quite know if nancy pelosi has made a real political decision at this point to sort of turn this into a massive fight or whether to kind of find a way to make it work. >> just one little comment on that. i think pelosi is an incredibly strong position on this one. okay. i mean, so you push usmca. trump talks about pulling out of nafta. have at it, right? so the dislocation and the problems are all the republicans' fault. it's a pretty good position for her. >> thank you very much. i'm a reporter with the voice of america. i have two questions. first is what is the current status of the talks? we know the u.s. and china will have another two round of talks beginning next and the following week. so what are the remaining lingering issues? and the second

if we take a deep for off the usmca, i'm sure it will be there. our economies are in exchequer be linked. all the politicians recognize that. we are all making sure that people have a better quality of life. getting those trade agreements right is an important part of that. amanda: there have been concerns about canada being a less attractive place to invest in recent years. big picture, are you hearing that from your clients? from the statistics, our foreign direct investment has not changed noticeably. some areas where you don't see as much inbound m&a, but there is foreign direct investment going on in canada. investment in the innovation and technology are. you talk to most of the executives in that area who are feeling very encouraged about the future of canada. 200,000 vacant jobs. we need people to fill those roles, skilled people to fill those roles. that is an encouraging fact we should be looking at. when it comes to our family business, natural resources, we need to push hard to make sure that canada is the provider of responsibly produ

this will supersede usmca, that is a great deal, it great for mexico but this will supercede usmca . david: bringing in president trump's former senior policy adviser on trade and jobs mr. cur isi curtis ellis thank r coming in. >> the president is not afraid to take unilateral action to defend america's interest, he made a great deal with the usmca, he promised everyone he would renegotiate nafta which was a disaster for auto industry. it all within to mexico. on campaign trail, it used to cars were made in flint and you couldn't drink the water in mexico -- >> let's listen in to president. >> i hope it worked. this is just a concrete prediction or. but the wall be-- protect or,er. the wall behind it, it looks great and better. more effective than the previous wall. we can do it faster, it is less expensive if you can believe it. other thanna, who knows. thank you for being here, a great stretch of wall, see where it's going this going up much of it like this, we have different walls. we have some that are holding back water, this doesn't do that trick. we have a lot of big concrete

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david: how did the usmca worked out? it is not in effect yet.hawn: we are still waiting for congress to ratify it. there are issues about state to state investor groups -- disputes, how we think about environmental and labor protections. the democrats are still debating this before we move through. david: we have canadian elections in the fall. is there a clock ticking? shawn: there is no hard nafta like we have a hard brexit. this could extend into next year. with the canadian election it does pose an issue, the u.s. wants to move forward and have congress ratify it. david: let's turn back to china. we are told they are still talking about how to move forward with that. we noticed china is buying u.s. debt again. we put a chart up showing that. does that tell us anything or is that managing the balance sheet? shawn: at barclays we've been talking about u.s./china trade and we've been talking about a merchandise deal. chemchina agreed to a large number of additional u.s. exports? dark about -- talk about $1 trillion to $1.2 trillion. how do we t

. >> [indiscernible] supersedep: this will usmca. usmca is a great deal and is very good for mexico. this will supersede usmca. >> are you going to hold a rally? pres. trump: i will hold a rally. the dinner is so boring and negative that we are going to hold a positive rally. we havenot determined, three sites, everyone wants it. it will be a big one. the dinner is too negative and i like positive things. they have already got it. he lied numerous times during his last testimony, they have had that for many months. >> [indiscernible] pres. trump: that is up to whoever handles it. i do not know. i am under orders. that is up to whoever it is. from what i understand, the law is on my side. >> [indiscernible] pres. trump: venezuela is a mess and this is what socialism brings. if you elect a socialist here you will have the same elect the same exact country as venezuela. the president headed to the border, he is off to california to hold a rally on the border with mexico. speaking of his comments, he talked about the bed saint -- fed say

the usmca is nowhere close to passage. there is unwarranted optimism that it is going to be introduced in the middle of this month, that we are going to get promising economic numbers as a result of the usmca. none of that appears realistic. guy: henrietta, it sounds like the united states is already experiencing its own version of a hard brexit when it comes to that border story. is the market underestimating what a hard brexit would do to global economy? henrietta: that is a great point, and it just never ceases to go away. the reality is that the southern border issue came upon us very quickly, whereas with brexit, people have had months and years to internalize it. i don't think the market is currently pricing in how serious this is. the president kicked off march 30 with a tweet saying he was going to close the southern border just a couple of days after the homeland security secretary wrote a letter requesting volunteers from the federal government to go and patrol the border with the rest of customs. so i think this

to what degree, will the usmca have a balance relationship between mexico and the united states. the mexican government made it clear they love the deal. >> exactly. every study shows it will be a growth. where the growth is, remains to be seen but the u.s. international trade commission just came out with their report. they said 176,000 jobs will be created. $68 billion added to the economy with this. they are usually fairly conservative with their estimates. anyway you look at it, is going to grow the economy. it just has to be ratified. lou: edward lawrence from washington. thank you. >> thank you. lou: genocide the president's point man on the economy, kevin the chair of advisors which is just released their annual report. thank you for being with the site. we looking at $9 trillion added to the stock market since the president was elected. $9 trillion. and we are watching democrats in congress passing resolutions debating nonsense and trying to harass the president anyway they can. this is an extra in our economy. he is already an historic president based on his economic ach

the usmca is a great deal for everybody but this is more important to me than the usmca so they have to live with it thank you very much. thank you very much. thank you. thank you. i'll tell you one thing, it's a great deal if they don't pass it, it's purely political usmca, everybody wants to see it passed the but we will see whatever they want to do is okay with me. >> thank you thank you. >>> that is president trump there in the cabinet room commenting on mexico and china as you heard, threatening to shut the border with mexico down if mexico doesn't help with the flow on immigration or illegal drugs, saying if they don't close, i'll close the border or tariff the cars after a one-year warning, says the president. on china, trade coming along well, he said. of course, he does have that meeting later today with china's vice premier president trump also saying it has to be a great deal and ev ayman jabbers is at the white house for us it's clear the president thinks deals are working to get china at the table and now perhaps make a deal on trade now he will double down and say it wi

if these tariffs aren't lifted, usmca is dead.congress to debate usmca with these tariffs in place. i'm joined by afl-cio president richard trumpka. it is the largest union. what do you want to see differently in the u.s./canada/mexico trade agreement. >> to do that let me frame the issue. mexico has had a low wage strategy. they keep wages artificially low so they can get investment and jobs out of canada. the mechanism they used to do that was called a protectionist contract. a protectionist contract was negotiated between a sham union supported by the old administration and employers. there are over 700,000 of those protectionist contracts in mexico right now. those protectionist contracts in mexico right now the agreement says they have to get rid of all 700,000 in four years. that means they have to get rid of 175,000 a year. get rid of them and have 175,000 votes a year. we don't think they can do that. we think they need to show us their ability, the infrastructure to do that and resources to do that, then they can enforce

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