the wto is not going anywhere. there are a lot of other countries deeply committed to preserving it and abiding by those rules but i think you will also inevitably see countries forming more bilateral and regional blocks again as a way to insulate themselves from economic coercion, no matter what the source might be. >> and mentioned you used to work at the white house and you were there during the end of the bush years and the start of the obama years and he worked on capitol hill as well. trade is normally the purview of congress but the president does get a lot of leeway when it comes to matters of national security so you know, the way that this instance of trade tariffs is being handled invites a lot of question. do you foresee legal challenges to the executive orders on tariffs? >> i foresee legal challenges but i don't see congress intervening. as you say, it is congress that has constitutional responsibility over trade and the orders trump signed on saturday represent the most significant overreach on trade

impose some sort of the wto and impose some sort of but without much geuntermeasursbut without} muchgsursbut without mush oouhtormooouroout without muoh' detail. firstly i thinkjohn's preposal— detail. firstly i thinkjohn's proposal. imposing - detail. firstly i thinkjohn'sl proposal. imposing tariffs proposal for imposing tariffs is full and is full leash. and few economies agree that they can make america great again. on the other 7 to say = tom cannot prevent china risin-. rising. most from rising. most chinese do not care imposition of a 10% tax z -= china because chinese "ow now in a seven-day spring holiday 33 m in. 3 seen—63 “3“? ~ ~ ~ , ~ 3 ~ holiday and 33 m in; 3 =33"—d3 “b“? —— ~ ~ , ~ , ~ holiday and this festival holiday and this reflects the confidence in the reflegtszthe confidence in the of the us —— of economy of the us —— of the chinese towards the eight chinese towards the us. eight years ago trump tariff years ago the trump tariff policies failed this one policies failed and this one also fail. ., from g —hina's from china's front in perhaps from china's front in

and if so, what role does the wto have? >> well, it may well prove ultimately to be a violation of the rules as judged by the wto. but usually these cases that go to the wto can drag on for a very long time. sometimes they become quite arcane, and in the end they typically have not that much effect on the outcomes. so i think it could be perhaps a moral victory for china eventually, but i don't think it's going to make a lot of difference. >> yeah. and the expectation is president trump will be having a discussion, we believe, with china's president here in the near term to discuss those tariffs. let's move on. because still out there is the notion that president trump could impose tariffs at some point in the not too distant future against european union countries. what is the current status of european trade with the u.s, and what kind of impact could that have on our economy if the president follows through there? >> well, it could have a sizable impact. but of course, our trade with europe is nowhere near as large as th

case at the wto. so in theory canada could sign on to that wto case. now again. >> trump is. >> going to ignore the wto. but it does send a strong signal for china and perhaps canada, if they sign on to the european union, who loves following trade. >> rules. >> who understand that. >> what we're looking for. >> are rational actors. >> and. >> so. >> you can still play. >> the rational actor game in this process. but. you know, i. >> do. >> think that. >> the sheinbaum. >> call really put. canada in a bind here early in. >> this process. but this is the long game. >> kelly and countries are going to have to play chess in. >> order to win this. >> they will do. rick, i want to go back to you because we're showing our viewers. and if you're listening on your car, i'm sorry, you can't see anything, but the dow is now positive. it's positive by 0.01%, basically 11. but it is positive. so the market either toward rick is blowing off the news or it believes these tariffs maybe the china tariffs by the way layering on top of tariffs president biden put on nin

prepare a response includes retaliation chinese ministry of consumers says will file a lawsuit with wtotices democrats criticized universal tariffs. >> this is not what american economy needs right now i favor targeted tariffs for things like china's steel duplicateing that effect on iron, minus minnesota throughout the country i favor these targeted tariffs but he is not choosing a chisel he is using a sledgehammer. >> i mentioned conversationss with mexican and canadian leaders tie, white house officials ten me members most cooperative so far in negotiations. >> edward lawrence, joining me now new york congresswoman nicole malliotakis good to see you. thanks very much for being here you are on house ways and means committee you know having a huge impact on markets this morning your reaction to the president's moves. >> look. we know president trump uses tariffs to get certain outcomes, united states, treated very unfairly not just by neighboring countries but we are too reliant on communist china number one i hope that we will see some american industries start moving, some sensitive

world trade organization at the time and by the mid to late 1990s, china was very keen to enter the wto and part of those negotiations had to do with, you know, the company, the country needing to develop its own ip and to stop so much blatant ip infringement and so it very much was the zynga is sort of the time for tech to begin saying yeah we're we're going to develop our own ip and this sort of accelerated after cisco sued company in the early two 2000s. that was a real wakeup call huawei that you know it wasn't going to be able to expand internationally unless it really down and did its own engineering. there's a lot of attention paid to ren's background being an engineer and the people liberation army. can you talk a little bit. writing the book itself for an access to ran and huawei you use a lot from what seems to be kind of internal memos from the h.r. departments and some memoirs. so talk a little bit about, you know, how you write a book like this. yeah. yeah. and i think one of the things that made me sort of start thinking that a project like this was possible was coming acr

and intends to file a case against the united states with the wto. >>> secretary of state marco rubiog in canada for his first overseas trip any plans to focus on u.s. priorities like immigration, drug trafficking and the panama canal. rubio is likely to convey president trump's push for greater u.s. control over the canal, despite pain a man in opposition. the visit comes amid growing concerns in the united states about china's influence on the region including investments in canal related to the structure. rubio will visit four other latin american countries on this current trip. >>> israeli prime minister benjamin netanyahu is on his way to washington to meet with president trump to netanyahu said he wants to talk about the conflict with hamas countering iran, and expanding diplomatic ties with arab nations. the meeting comes as u.s. and arab negotiators work on a second phase of the process to end the gaza conflict and free israeli hostages. >> this meeting will deal with the important issues critical issues facing israel and our region . victory over hamas, achieving the release

and i think that there was a lot of support arise in like the. 1999 wto protests in seattle.it was like, what like what? what people. wow people are really upset. and it was like it was almost like confusion and if you like, read headlines of the time like why is this happening? but everything's so great and it was like, yeah, it was like this. i think that in a way a lot the protesters could maybe see something that like i certainly couldn't see at the time that i think maybe is more visible now in hindsight more widely if makes sense. to them. congratulations on publishing your book. thank you. so i was born in 95, so i was a child for a lot of the early 2000. but you touched on it briefly. i really, really, really how nasty an intense early tabloid culture. yeah you know brittany's your jessica simpson and how so much of it was like look at these people you want to look them we want you to look at them. we're going to give our opinion on how they're living what they're doing, what they should be like you mentioned. but now that we're largely engaging with celebrity on soci

terrorists mexico, can already single issue full retaliatory tariffs in exchange in china is going to wtoyour colleague senator coons put up this statement when it became official yesterday he says president trump he said is going to drive down prices to make america more affordable than on day 13 of his presidency he imposed tariffs that will send prices skyrocketing. is it a good move? >> well is 3000 americans die every two weeks from fentanyl poisoning coming across the mexican border they make the drugs, fans will produce in a mexico precursors come from china. we have been overrun in terms of 11 million illegals coming across the mexican border if you want tariffs to go away, mexico and china stop of poisoning americans stop sending fentanyl into america to kill americans prett.when have a better relatip with the united states do your part on the other side of the border, to her friends in canada i really appreciate what you're doing on the northern border. these tariffs are designed to get these countries to change their behavior. i am glad we are pushing back against china and mex

fight the tariffs by taking legal action at the world trade organization, but it's unclear how the wto could intervene. in washington, caroline shively, fox news. >> uc berkeley economist jim wilcox telling us earlier the tariffs on china could have unintended consequences. >> we saw that during the trump administration, for example, when they put taxes on and suddenly the prices not only of korean and chinese washing machines and dryers went up, but also american businesses took the opportunity to raise the prices of the washers and dryers that they were selling. >> the white house press secretary telling reporters that president trump plans to speak with china's president xi jinping, in the next couple of days. stocks were lower on wall street today, but recovered from those early losses after word of the deal with mexico was announced. the dow finished the day down more than 122 points. the nasdaq dropped 235, a little more than 1% there, with tech companies seeing some of the biggest losses. and the s&p 500 was down 45 points. a protest was held tied to elon musk and his department

china says it's going to take it to the wto. the world trade organization. canada said 25% tariffs on billions of dollars, tens of billions of dollars of u.s. goods. jeff, what do you expect? where does this go? how does this end? because the white house is saying we've got to curb illegal migration, stop the flow of fentanyl, but didn't really specify anything other than that in order to prevent this trade war from escalating. >> yeah. and i think trade war is the right word or the right phrase. i mean, it's full on. and the white house didn't expect canada and mexico to retaliate than they weren't thinking. i mean, i'm sure that they did expect it, even though they warned that there would be further action. so that's the right question. what else do they do? do they raise the tariffs higher? do they do more? i think one thing that i would point out is the possibility of court challenges. the way that the white house did these tariffs is different from how they did them during trump 1.0. they used an act called the emergency economic powers act, so that the

the commerce ministry says it will file a lawsuit with the wto over the levies, adding that trump's measures do not resolve america's own issues. the foreign ministry also specifically addressed fentanyl, describing it as america's problem. we are getting some of the first reaction out of europe this morning. eu leaders are gathering for an informal retreat in brussels today, with trump saying economic measures against the bloc will definitely happen. sylvia has been tracking all of the european reaction and she joins us now, sylvia. so europe obviously not targeted in this first round of tariffs. but president trump has made very clear that europe is in site to be hit next. what do we know in terms of what is possible and how the european leaders are preparing? >> that's it. they know that for. >> the time. >> being. >> they haven't. >> been targeted as of yet in terms. >> of tariffs. >> from the united states, but they. >> know. >> very well they could be next in line. >> as a result. >> though, there's. >> no doubt that today's. >> informal summit in brussels will. definitely address some

to the wto. but for the most part, those statements were relatively boilerplate. there will be an impact and a consequence to these tariffs. as you guys well know, the chinese economy isn't really doing that well. the tai shin pmi actually showed that factory activity was worse. than expected for january. >> so it could hurt. but for. >> the most part. people are feeling that a little bit of a relief, even. if there is uncertainty. >> eunice, excellent point. i totally agree with you. i was surprised that they got the 10%. i think that they could get it higher if they don't play ball. there's one part of the economy that we're all trying to figure out, which is the diminished the end of the de minimis and what it means for sheehan and tamu, because these are two companies that have really taken the country by storm. and i think that could be the most hurt trying to figure out what happens there. >> yeah. >> well. >> we spoke to some of the sellers for tamu and shiyin and they weren't so disheartened because of the fact that. >> a. >> lot of the companies had alrea

imal organizations, as well as any intention of meddling in if united states government and agencies wtoight the sale of fentanyl, they could fight the sale os inheir major city, which they do not do, and theaundering of money this legal activity generates that has done so much harm to its population. those comments from the leaders of canada and mexico. rip in virginia on the republican line. caller: the president's brilliant, unbelievable. come back with tariffs, then put more tariffs on them. just like what took place in south america, is going to take ways across the board with everyone. trump is going to knock it out of the park. the only thing that will really hurt him is the democrat and the left party. everybody acts and talks as though they know exactly what will take place. we really don't know much of anything. but he knows a lot of stuff, and he should, and -- host: you call it brilliant. exactly why is that, do you think? caller: it's just common sense, in my opinion. if somebody is threatening you and you have the upper hand and the ability to raise tariffs on them, to put

promoted our digital exports including withdrawing support for key digital trade provisions at the wto, ignoring bipartisan congressional directives, and leaving american companies vulnerable to discriminatory trade barriers and protectionism abroad. will you commit to restoring u.s. leadership in digital trade by advancing strong digital trade rules and prioritizing support for u.s. exports? mr. lutnick: yes. sen. young: fantastic. i am out of time. sen. rosen: mr. lutnick thank you for being here. it was a pleasure to meet your family. i appreciate our conversation ahead of the hearing and i look forward to your responses on how to carry out the department mission to carry out american innovation. with the administration's unconstitutional move to freeze federal funding including critical investments in american innovation like the tech hubs program, part of that in nevada brought -- building out our broadband infrastructure, really important i am skeptical on the ability of this administration to deliver on that mission and i am concerned that the policies outlined by this administr

china says it firmly opposes the levies and plans to file a lawsuit with the wto. white house, though, says the tariffs are necessary to combat drug trafficking and illegal immigration. well, overnight, both canada and mexico hit back. and here's what prime minister of canada justin trudeau had to say. >> i am announcing that canada will be responding to the us. trade action with 25% tariffs against $155 billion worth of american goods. >> the prime minister is being urged to start new talks on a customs union with the eu, with the liberal democrat leader, sir ed davey, claiming it would boost the uk economy and strengthen trade against the us. sir keir starmer is in germany today for talks with chancellor olaf scholz there, ahead of a european retreat where defence is expected to top that agenda. labouris is expected to top that agenda. labour is also facing scrutiny over a donation linked to the eu, and the conservatives are warning the prime minister not to accept any further influence from the european union. but according to shadow business secretary, the prim