the next three years. our economy is strong. it is about to get serious. let s talk about this with greg valliere. that was the easy stuff. it will get difficult when the president in particular meets with xi jinping and the trade war as a back drop. what do you expect to come out of that? i think trump needs happy markets. he got a good beginning with the fed chairman powell earlier in the week. he needs a deal. or at least a thought with china or at least a thaw with china. i think he really needs to intensify the talks. we have been getting mixed messages from the white house of what constitutes a breakthrough. he said i have another $257 billion in tariffs if i want. and i m also able to raise interest rates.
into some really consequential moments with other world leaders. frankly he does not have as cordial a relationship with as there are tensions with trade and on a number of fronts with canada and europe and with china. also, of course, the scrapped meeting with vladimir putin which is no longer happening on saturday, but we will look out to see whether or not president trump and president putin have interaction on the sidelines. whether it is a pull aside or handshake and chat as they have some opportunities for family photos for the group photographs with other world leaders throughout the weekend. christine and dave. abby, thank you. we will check in with you often. the interaction with macri is the lay-up drill for trump. a familiar relationship there. argentina is in a financial crisis. $57 billion loan from the imf in
new trade agreement, he s fine with that. listen here. i think we re very close to doing something with china but i don t know that i want to do it because what we have right now is billions and billions of dollars coming in to the united states in the form of tariffs or taxes. so i really don t know. i will tell you that i think china wants to make a deal. i m open to making a deal. frankly, i like the deal we have right now. don t forget the tariffs on chinese goods right now and there s some $250 billion of chinese goods that are subject to tariffs is 10%, scheduled to rise to 25% january 1. the president has another tranche of $257 billion of chinese goods he s targeting for tariffs. u.s. officials say they have been disappointed in how trade talks between china and the united states have been going. one of the big problems is china still claims to be a third world country and because of that,
could end with the escalating trade war with china. john roberts with more on that. john? good afternoon to you. welcome back, by the way. where s charles? neil: that s fine. ok, i guess we cut to you. go ahead. boom, there you go. we managed actually to have an hour long meeting this morning with larry cutler, the president s chief economic advisor who pointed to december 1st, this coming saturday as a potential breakthrough in the u.s.-china trade relationship. that s when the president will have dinner with the president of china at the g-20 summit. the president recently had a phone call that he described as good and he has reason for optimism that china may be willing to move on some of these big key issues like intellectual property theft. the forced technology transfer. protected tariffs as well as ownership of foreign companies in china. but if there is no movement, the president is ready and willing to put tariffs on another $257 billion worth of goods from
time. there also appeared to be some movement on the china issue today. president trump confirming that he will meet with president xi at the g20 in buenos aires later this month indicating that china will be choosing the trade. as you know their economy went way down since we have been doing the skirmish. i spoke with president xi yesterday and they very much want to make the deal. while president trump is optimistic about the possibility of making a new trade deal with china, he s also prepared to take a baseball bat to them, threatening tariffs on another $257 billion worth of chinese goods. if they don t play ball. bret: john roberts on the north lawn. the jobs report on spoke about was not enough to move stocks. the dow lost 110 and the s&p 500 dropped 17, the nasdaq fell 77. for the week, the dow gained two