directions in many ways. butlet not overdo that. the china trade deficit is worse under his watch than under president obama. and i think you re now starting to see that this kind of recklessness ends up both having self-inflicted wounds on the u.s. and hurts the global economy in ways that hurts us. so if you re an agricultural exporter you re looking at terrible numbers, exports cut in half. if you re a soybean farmer, you re worried whether you ll be permanently replaced by brazil. and i think the other thing which donald trump has a hard time understanding is that if you create so much uncertainty, so much recklessness and disruption that you actually are successful in hurting the china economy a little or hurting germany s economy, that s not good for us. this isn t the yankees versus
according to a report by the policy institute, the state of ohio alone has lost 121,000 jobs since 2001 just due to the china trade deficit. that state not surprisingly also has a very high rate of opioid abuse. president trump has pushed to altered the american trade ith china and congressman joins us tonight. 121,000 jobs, just in your state since 2001. that seems like a crisis, like a huge story. why was that not discussed more in washington? i think in a lot of ways it was a regional issue in manufacturing is harder than anyone else. it hit the heartland the hardest and those industrial states around the great lakes states suddenly they competing with china and a couple dollars an hour wages and not the good
this is not the only diplomatic debacle for president trump. this comes after a few days of his attempts to reach a trade deal with china also crashed and burned. and he had to kind of admit that he hadn t achieved anything. he hadn t achieved $200 billion in reductions of the u.s. china trade deficit. and you see what happened in the case of north korea. he rushed into the summit with no preparation without any kind of groundwork you need to lay for such an undertaking. and he hyped up expectations to the ceiling. a month ago he said north korea was the white house was minting coins and all of a sudden over the last week or two things spiralled downward and they said, wait a second the north koreans are not actually going to denuclearize. anybody who knows anything about north korea could have told him.
to u.s. pressure. but i think they wanted this meeting, which is why north korea released a statement which is very measured, tempered and disciplined for north korean standards. so i think that message didn t come across to washington. we just thought they were being very aggressive. but north koreans were trying to send a signal and it was just lost in translation, the whole thing was. max, you tweeted about how president trump canceled the summit with quote, the kind of letter he would have written to a high school crush with whom he was breaking up. i take it you re not impressed with his style of diplomacy? this is just the latest episode of trump-style diplomacy. this comes after a few days of his attempts to reach a trade deal with china also crashed and burned. and he had to kind of admit that he hadn t achieved anything. he hadn t achieved $200 billion in reductions of the u.s. china trade deficit. and you see what happened in the case of north korea. he rushed into the su
maybe tomorrow we ll be back to a trade war. we could damage the economy and hurt real people. he just sort of flings the term around as if it s no big deal. so i think that is an alarm bell right there. but more generally, i think the trump team has to be somewhat disappointed with how things went. they came into the week thinking they could get the chinese to agree to a hard number. $200 billion in terms of reducing the size of the u.s./china trade deficit. they weren t able to do that. they basically extracted very vague commitments. the commitments they d made before. in exchange they simply said we re no longer going to follow through on any threat to impose tariffs on china. then there s the zte issue that you raised. zte is a chinese telecommunications company that has been sanctioned by the united states because of their work with both iran and north korea. and what trump has now floated is that in order to keep the chinese happy, he may unwind,