Transcripts for FOXNEWS Americas News HQ 20191214 19:41:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
television. i think that there is not right now a democratic candidate who beats donald trump. michael bloomberg certainly has the money to l come ocomeon fas. he said the chinese government really has to be responsive to the people because they can t have the people upset. he doesn t know that they re comcommunists? i don t know if i trust michael bloomberg when it comes to the idea of the world stage and the idea of responsiveness. this is an apanti-gun guy, america is not there on that. leland: anti-he ll coal. he stands in front of a placard, that says no coal, 2030. one could argue whether pennsylvania and west virginia are there on that. you brought up an interesting point on china which brings us to the china trade deal. it is being spun by absolutely everybody as a win. what s missing from it is all the details and the white house spin is essentially, well, this is such a good deal, we can t tell you what s in it because it would embarrass the chinese.
tradition will hold the president will sit for part of the game on the navy sideline and part of the game on the army sideline. molly: not taking sides. that s fair. leland: the trophy is on the line. we ll have take that, when the president comes down the stairs. meantime, coming up on fox news sunday tomorrow. this is going to be a really amazing show. molly: it s going to be good. leland: i think the kids these ddays would say this is going to be lit, james comey, chris l wallace, one on one. the former fbi director in the chair many chec. check r you your local listing. molly: the u.s. and china announcing a phase one trade deal on friday, canceling tariffs that would have impacted $150 billion worth of chinese goods starting tomorrow. rich edson has the details on this deal, what we know so far and what we can expect. reporter: the trump administration says the united states and china will fully execute this deal next month.
molly: does this mean anything for consumers now and in 2020? actually, not. the reasons is the tariffs really didn t hurt americans very much. the chais niece basically chinese basically cut their prices and devalued their currency. we also sourced products from other places. the bottom line, american consumers weren t feeling it. the chinese were. we had a lot of leverage. we ll still have some leverage when we re done. but the question is he really can t increase tariffs anymore once he s inside this deal if the chinese do what is predictable. they have never kept their word. i mean, really, when was the last time the chinese complied with the terms of a trade agreement? the special trade rep has a list of 20 instances where they ve broken their word. molly: peter, thank you for your insights. we ll be looking at that. there was a deal, stop the intellectual stealing and currency manipulation and all that. that s all very vague and very difficult to enforce
they want 3 trillion dollars over the next few years. that s a lot of money. the president has the power without anything from congress to cancel a waiver that president obama gave back in 2013 that let s chinese companies who are one trillion dollars worth of stock now in new york, this waiver allows them not to give their accounting results if there is somebody problem. the only country in the world that gets this treatment is china. it s a huge favor. shannon: the president can take it away? just like that. shannon: a democrat said the china trade deal is a total capitulation. it cost america 300,000 jobs and china made 0 hard commitments to reform. what a disaster. what do you make of that tack? it s similar to chuck