dana: a new place to raise the stakes with china, fox news learns president trump floated the idea of boosting property moesed tariffs from 10% to 25% on billions of dollars worth of chinese goods. here s the fox business network live with this story. tensions are is d.ca lating, the proposed move from 10% to 25% is more than double obviously. some see it as a tactic aimed at the chinese government. beijing has reacted with anger, threatening retaliation. we ve seen 25% tariffs on $34 billion, largely industrial goods that. s imposed on china amount the u.s. on schedule to heavy similar tariffs of an additional
in my life but on the free trade stuff he has been consistent. when he left the ottawa meeting, the group of seven there, he said if all of you want to take your tariffs to zero i m willing to do it right now. that s what he said last night and what i hope he does. that would be the most amazing thing for the world ever. julie: you have president trump s fresh tariffs. $34 billion in chinese goods. some in his own party are concerned. some think the tariff fights will lead to trade wars that will in turn raise prices for consumers worldwide including here in the united states. how would this affect the everyday american? let me say i m also very concerned about tariffs. i m concerned about the tragedy that trump has used but i ve been concerned about a lot of his strategies and almost every time it works out correctly. i have to tell you, i have been shocked by him many times. tariff wars are terrible. you saw the stock market have
if we clear that hurdle and how much faster can we grow? well, tax cuts that were passed at the end of last year are just kicking in. the results of all the regulation rollbacks that this administration has worked so hard on. so it could get a lot faster but i will caution that we are in severe trade fights starting with washing machine tariffs the beginning of the year. washer and dryer prices are up 20% in the last three months. the biggest jump in at least 12 years. so we have tariffs on steel and aluminum and retaliation from the likes of canada and even mexico because of that. we re in a trade fight with china and president trump has gone from we so far have tariffs on $34 billion on imports from china. china retaliated. he is talking about putting tariffs on all half a trillion dollars of imports we have from
imports. it is roughly equal to the value of all chinese goods imported into the united states last year.the president is already imposed duties on $34 billion in chinese goods saying he does not like china taking advantage of the u.s. and trade peerless reno fox news contributor, the president of capital management and aid advisor. gary, are the tariffs working? all of it so far is nobody is laying down, everybody is retaliating, and china just lowered their currency which affects us. which affects them and us in a more negative way. it is on.and the problem is, the word unsold t, all of these companies, all of these industries do not know what is next. they do not know how to plan. so far, nothing going good.
getting the nato ally to the pay $34 billion up front and commitment to pay hundreds of billions more. people don t like when you raise president obama now because it s not in connection with the tax cuts or growth and prosperity. isis on his watch was going all around the globe. now it s a shadow of itself. so many great things are happening in this country. the deregulation. the president is talking to many countries. people can t argue the facts so they argue emotion. i think information beats emotion. judge jeanine: without a doubt. joining me now with more reaction, congressman darrell issa. good evening, congressman. i was going to talk about this with kellyanne, but i ll start with you. you know, the trump the