A newscast reviewing and analyzing top stories of the day as they happen. That and 300 billion after that. Basically the entire u. S. Trade relationship with china. Initially on the next tranche of 200 billion, the president was thinking about Levying Attacks of 10 . This afternoon were going to learn that the president is going to up that to 25 . The belief here among his trading Economic Team that china continues to be a bad actor when it comes to trade and they need very strong influence, if you will, to try to get china to change its ways. Listen to what Sarah Huckabee sanders. The president has made some head way the e. U. In terms of lowering trade barriers, taking steps towards levelling the Playing Field. Does the president and his team believe that is possible with china without taking some real punitive measures . Wed like to see the Playing Field levelled. The president as both he and i think about 15 members of his administration have said
repeatedly, wed like to see the un
season, she s produced some fantastic wins and no surprise that she won again today. it fantastic wins and no surprise that she won again today. she won again today. it will be a brilliant in she won again today. it will be a brilliant in budapest she won again today. it will be a brilliant in budapest and - she won again today. it will be a brilliant in budapest and am i she won again today. it will be a i brilliant in budapest and am excited that we will all be there. see you in 26 days to see who comes out on top. before we go, just a couple of fantastic world records to bring you, at the world aquatics championships in fukuoka injapan. australia s ariarne titmus won a high class women s 400m freestyle final in a time of three minutes 55.38 seconds. the olympic champion shaved 0.7secs off the previous record, set by canada s summer mcintosh back in march. there was also a world record for frenchman leon marchand. he knocked 1.34 seconds off michael phelps last remaining world
or 2%, rate of between 0.01% and not point or 2%, and rate of between 0.01% and not point or 2%, and causing sadly 457 deaths in the or 2%, and causing sadly 457 deaths in the united kingdom. you were aware in the united kingdom. you were aware of in the united kingdom. you were aware of this report, were you not, mr cameron? aware of this report, were you not, mr cameron? yes, i can t remember the exact circumstances mr cameron? yes, i can t remember the exact circumstances of mr cameron? yes, i can t remember the exact circumstances of when - mr cameron? yes, i can t remember the exact circumstances of when i i the exact circumstances of when i was told about it. but yes, and i have read it subsequently. thank ou. can have read it subsequently. thank yom can we have read it subsequently. thank yom can we put have read it subsequently. thank you. can we put it have read it subsequently. thank you. can we put it up have read it subsequently. thank you. can we put i
our expenses have increased dramatically. our incomes have not kept pace with it the and the frustrating thing is this is all created by the biden administration, by their attack or war against the energy industry. most of our expenses you look at. ainsley: yes. he has made a lot of promises. supply chain issues. and we haven t seen any results yet. in fact, we are seeing the opposite. ainsley: when you look at what has gone up. fertilizers are really through the roof right now. we have three different types of fertilizers on the screen and look how much they have gone up. in addition to that you have to buy diesel fuel, 5.38 a gal loan. a year ago, jim, it was 3.27 a gallon. that s a dollars of $2.11. does this mean fewer crops? it could, yes. when we look at the prices of we call them inputs.
unfortunately, supply just continues to fail to keep up to demand. right now energy demand is really strong. people are driving more, they re taking road trips, going on vacations, flying more. all of that is adding to demand. supply, though, it s not keeping up. u.s. is producing less oil than it did before covid. opec also producing less. they re ramping up production. but the market is signaling that it s too little, too late. another point we should note that on an inflation adjusted basis, gas prices are not yet at record highs. they would have to go to $5.38 a gallon to take out the june 2008 inflation-adjusted record. i have to tell you, i think that s very little consolation to people here who are just feeling sticker shock right now. yeah, no question. matt egan in new york, thanks so much. still ahead, the president of mexico is turning down president biden s invitation to the summit of the americas. we ll have the latest from the white house coming up. you happen to be a