talked about whatever he felt like, including the latest trade decisions. so trump is a fly by the seat of your pants president. and that does have the consequence of leaving a lot of people, including our adversaries kind of wondering what he will do next. that gives him some leverage. it leaves a lot of his allies wondering what is he going to do next. it might leave the west wing wondering what he will do next. a lape that, $50 billion of tariffs. president trump has come up with $100 billion. and larry kudlow runs back saying don t worry, not to worry. what is the real policy? i ve been fascinated, hugh. you know i cover capitol hill by the delineation of the response. the first time trump proposed tariffs against china, republicans on the hill were reluctant to speak out. they saw it as a negotiating tactic, a bargaining tool. now, with this threat of 100 billion in counter-counter
tariffs on steel and aluminum sparking fears of a global standoff. he started out tossing nafta in the mix as a bargaining tool. the tariff threat going against the counsel of his advisors, sending jitters through stock markets and republican die hard. with me now, larry somers of the economic council under president obama and former treasury secretary under president clinton. a pleasure to have you. welcome, sir. good to be with you, brooke. trade wars. you know, last week the president said they were a good thing. he s now saying don t worry about it. with your years of experience, i want you to finish my sentence. trade wars are trade wars are terrible. what presidents have said before is that nuclear wars can never be won and must never be fought. that s the right strategy for trade wars. to try to initiate a trade war
let me get back to jessica. the president says i will give you pathway to citizenship for nearly 2 million young people. in exchange for 25 billion dollars for border security. it is a price tag that substantially is more than what senators dick durbin and lindsey graham considered in their bipartisan bill. also, how much of the 25 billion is mexico going to put up? practicing holding them hostage? is he using recipients of daca as a bargaining tool? yes. he is a businessman and that is what they do. they exploit and they use in order to get what they want. and i think it will be problematic but i think people will have to come in the middle to get what they want to get. something fair.
republicans will win or will lose the fight because they re in control. but i also think they have a fair point that i don t know that the democrats have a right to hold this up because they want an unrelated program to be included in it. let s talk about the house democratic leader, nia, nancy pelosi. had in-some choice words about including chip as a bargaining tool. watch this. this is like giving you a bowl of doggie doo, put a cherry on top and call it a chocolate sunday. this is nothing. that s quite an image. yeah, no, i wish just let s stay away from that. but yeah, this whole idea of chip. and republicans obviously thought democrats, you vote against chip at your peril. but democrats come back and say they ve been trying to push chip basically since the fall when it essentially ran out despite the doggie doo, is she right? in terms of her argument
had in-some choice words about including chip as a bargaining tool. watch this. this is like giving you a bowl of doggie doo, put a cherry on top and call it a chocolate sunday. this is nothing. that s quite an image. yeah, no, i wish just let s stay away from that. but yeah, this whole idea of chip. and republicans obviously thought democrats, you vote against chip at your peril. but democrats come back and say they ve been trying to push chip basically since the fall when it essentially ran out despite the doggie doo, is she right? in terms of her argument is essentially they re only giving chip six years and she wants it to be ten years, which is what other democrats want. and apparently, if you give ten years it saves more money than the six years. so that s what she s saying. in terms of chip. but listen, i think democrats