>> we're simultaneously having negotiations with the chinese to see if we can reach an agreement. as the president said we want to cut the trade deficit $100 billion over the next year. we are proceeding with these tariffs. steve: the fight for free and fair trade is intensifying between the united states and china. what's at stake if they can't make a deal? and what does it mean for your wallet, your 401 k, your future? brian: no one contends that we don't have 337 billion-dollar trade deficit with china. so the president is deciding to tackle it people are getting nervous. the markets went crazy. what's happening behind the scenes, stuart. >> they are talking. that's the point. president trump has a specific style. he negotiates, starts from a very strong negotiating. brian: he will punch you in the mouth irs is. >> that's what he has done with china. knock this off. stealing our intellectual