hardly no demand for cars in this country. listen, it s not a bad thing. these other products cost a lot more money and they have fatter profit margins. bill: consumers are changing. last thursday talk about china. they ll meet soon. president xi and president trump. it was turkey day in mar-a-lago. president trump: i can say this. china wants to make a deal very badly because of the tariffs. right now on 250 billion dollars they will be paying us 25%. they ll be paying a tremendous amount of money. which frankly is great for our country. we re taking in billions of dollars from china. in the last quarter china s growth was the slowest since 2009. china has some serious economic issues. really serious economic issues. i push back against those folks saying it s no big deal because they have a 100 year plan. no, they told us what their
editor for the wall street journal and fox news contributor joining us. john, thank you for being with us. good afternoon it is great to be here. the market crumbled last couple of weeks. a lot of discussion about china and tariffs. it might have played a role in wondering whether the president mabel to turn this around if it s true. innocently big issue for investors right now. you mentioned this g 20 summit of world leaders coming up in argentina. the president is supposed to meet with president xi jinping and they will be discussing the trade issues we have imposed tariffs on more than 250 billion dollars worth of imports from china, it does not look like we are anywhere near taken is off so the expectation that right now is we probably have a standoff coming out of the summit. and marcus could rise
i think that we have to break it down so that in turkey, the lyra is down. and they need 230 to 250 billion dollars. so the truth is erdogan is looking for someone other than the person in his mirror for the challenges he has and effects in his country because they re so heavily leveraged that they re in a very weak position and as our interest rates climb it makes their position even weaker. s looking for someone to blame and frankly, you add in on top of that the situation where he was arrested and and if it was released tomorrow, would you be among those to advise the president to ease off on tariffs? i ll say this. if the pastor was not on home arrest, but sent back to our country, i would be happier. the fact is that turkey being an n.a.t.o. ally, they have not been acting, in my opinion, as
will guarantee you we will do it immediately nobody pay anymore tax, everybody take down your barriers, no barriers, no tax. everybody are you all set? no more tax. cana canada, you are not going to get 275% for your dairy and you are going to take down your barriers k we will take down the barriers and the taxes. do you know what happened? everybody said can we go on to another subject? because america, our country lost last year 817 billion dollars in terms of deficit. we had a trade deficit, maria of 817 billion, with a b, dollars last year. before that it was 800. this has been going on for years. we have rebuilt china. i have a great relationship with china. great relationship with president xi. i have tremendous respect for him, but i said we have to straighten this out. we can t continue to do this. you decided to not go forward with the investment restrictions on china. back down on the tariffs ? no, look, 250 billion dollars
companies with over 75,000 employees and over 250 billion dollars in revenue. exxon does business in 52 countries and rex has traveled the globe negotiating business deals with world leaders. effectively advocating for the interests of his company, shareholders, and employees. the numerous achievements rex has earned don t come without passion. this is what america needs in the secretary of state and gives me confidence in the opportunity that rex has to chart a different, better, and stronger course for our national security and diplomacy. we need a secretary of state who understands that america is exceptional, who will establish policies upon that foundation