Transcripts for FOXNEWS FOX and Friends 20200619 11:28:30 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.
happening with hong kong because when you look at what s going on, they have had riots for a long period of time. and i don t know what china s attitude is. somebody said that at some point they re going to want to stop that, but that s between hong kong and that s between china, because hong kong is a part of china. they ll have to deal with that themselves. they don t need advice. president trump also largely ignored a series of missile test launches by north korea. his response was to instead criticize a key u.s. ally by calling joint u.s./south korean military exercises ridiculous and expensive. just yesterday he prompted israel to ban two u.s. muslim congresswomen by tweeting israel would be weak to allow them in on a planned visit. but it s the economy that may be the biggest issue right now and the president s trade war with china, a trade war that he once called easy in this tweet. trade wars he said are good and easy to win. example, when we are down $100 billion with a cert
deregulation. that s why we are getting all these good economic reports. trade is a drag. we see it in the fed reports where it is limiting some investments. postponing some investments. to this point the rest of the trump agenda is so powerful that the economy seems to be thriving despite this kind of cloud of the trade wars. it is really a question of who can withstand the most pain. it is more economic pain in china. you look at trade that s half their economy, 12% of ours. on the other hand the communist dictator doesn t have his party running for reelection in november as mr. trump does with the congress. it will be an interesting thing to watch over the next few months in terms of the political and economic pain threshold. to that point, china s stock market is in the tank right now. china s stock market has been killed. you look at our stock market it hasn t done much in a couple of months but it hasn t tanked. today we re down 23 points which is insignificant considering all
record they ll tell you they get a horrible deal and mistreated by the government there and they aren t happy about it. but do they still get nervous about this kind of trade escalation? yes, absolutely. we despite all the problems we do get benefits and we buy a lot of stuff from china for a reason. we like the low prices. sandra: the president s tweeting when a country usa is losing many billions of trade with virtually every country it does business with. trade wars are good and easy to win. we were down $100 billion with a country and get cute and don t trade anymore we win, it s easy. you know, again, ultimately american consumers are the ones who will lose in the trade war which we re fully in right now. the bottom line is what you end up with. you look at the proposed tariffs on cars coming from europe that the president is threatening to throw in there.
on the other hand we could all go to zero tariffs. if we end up with lower tariffs, that would be good for everybody. as you mentioned, james, there are a lot of business that do business in china that are furious at the fact that china is loading the company with communist party officials refusing to allow american companies there to own more than 49% of the company. so the chinese government controls every u.s. company that has a division in china. that has to change. sandra: all right. a-team, thank you very much. good to have you guys. see more of you. leland: the president teed off yesterday about trade and montana senator jon tester that at the fiery campaign rally in the democratic senator s home state and scott pruitt has handed in his resignation amid the investigations. the a-team is staying out here and their thoughts when we come back.