it. i think that has had an impact on my relationship in terms of the border. i don t think it has the relationship i don t think it affects my feeling or relationship todent xi. when we first started, we weren t ready to go that route. as we have started preparing and getting ready to do that, it has had aim pan impact on the borde. i have to do it. for our country i have to do it. south korea will do whatever is necessary to get a deal done. if we don t trade, we won t trade. if they think and they would do this with our concurrence. if they can do work because we are far down the line. we are far. you know that document when you read it today, that is far down the line. that is not something that just happened to be put together. this was done over months.
it has made day traders start to stock up on may lox. i feel bad for those that make a living trading stocks on an hourly basis. get out of it. don t trade stocks on an hourly basis not with donald trump running this economy any way. i appreciate it. you were good. much appreciated. i ll be right back.
to be that, but the uncertainty and the risks around protection will cause businesses to pull apart, will cause businesses not to produce in the most efficient way, will cause businesses to look for other than the most efficient business partners. so the climate of uncertainty that s created is pretty dangerous, and the strategy they re using which is to go at products that are imported by american manufacturing companies is almost calculated to make american producers less competitive. for example, 40 times as many people work in steel-using industries as work in the steel industry. so when you put it to steel, you re hurting a lot more people than you re helping. frankly, this is a bit of a stop or i ll shoot myself in the foot strategy. at the moment, these are just threats. nothing has been imposed yet.
when a country, the usa is losing billions of trade with virtually every country it does business with, trade wars are good. example, when we are down $100 billion with a certain country and they get cute, don t trade anymore. we win big. it s easy. exclamation point. your response to that. nonsense. he measures whether we re winning or losing from trade by the trade deficit or the trade surplus. when americans all across the country are getting access to chooper computers, cheaper clothing, cheaper steel as inputs into our cars, i don t call that losing. when i go and buy something at walmart at a lower part, i don t call that losing. mr. president, notwithstanding, when i buy something at a lower price than i could have imagined five years ago from amazon, i don t call that losing. so the whole idea that when you buy, you re losing, seems to me
does business with, trade wars are good and easy to win. example when we re done 100 billion with a certain company and they get cute, don t trade anymore, we win big, it s easy. is that true? think donald trump is channeling general george cust, he let s go to war with no preparation and no idea of what we re facing, and we all know how well that turned out for custer s troops. first of all, let s address the fact that there s a real plight here of american steel workers and aluminum workers and others whose jos have been disappearing. and those people are deeply pained and will benefit pr this. but for every one of those workers there are probably 30 to 35 other workers who are in the business of metal bending, drawing, stamp, otherwise working who are going to be hurt. and this is a thoughtless step. and, you know, trump alludes to china. we get more shoes from china