against the dollar, giving it a huge advantage in the exports. that definitely violated wto rules but the u.s. never took serious action to stop the chinese government from doing this, even as thousands and millions of factory jobs across the united states were annihilated as a result. the people who got us into this deal are still around or they are doing great, they are prosperous, bill and hillary clinton, the bushes, members of congress, business leaders, they are in fine shape, not worried about their jobs, their incomes are higher than they ve ever been. the center of the country, though, if you ve driven through it recently, you know, has been hollowed out. earlier we talked to lou dobbs, host of lou dobbs tonight on the fox business network. tucker: thanks for joining us tonight. great to be with you. tucker: china s entry into the wtos in 2001 began hurting america almost immediately and of course 17 years later, it is clear the damage it has done anr yet they remained
advantage in its exports. that definitely violated wto rules. but the u.s. never took serious action to stop the chinese government from doing this, even as thousands and then millions factory jobs across the united states were annihilated as a result. the people that got us into this deal are still around and they are doing great. they are prosperous, bill and hillary clinton, bushes, congress, business leaders are in fine shape. they are not worried about their jobs. their incomes have higher than they have ever been. the center of the country though, if you have driven through it know has been hollowed out. lou dobbs joined us on the fox business network. thank you for joining us tonight. great to be with you. tucker: china s entry into the w it o in 2001 began hurting america almost immediately and 17 years later it s clear the damage it s done. there remains bipartisan support for it, why? because both parties are supported by the same
jobs. the problem is that comes with immense debt, and it comes with inflation. that s where the high-risk, high reward is here. what he could have done instead of imposing trade sanctions, look at areas where we have a surplus. he s going after the sanctions and this could light something that, i m not sure he s ready for the fire. ali, what are we likely to see from china and what the impact be on the average american? there will be two particular impacts. we listed the things and it s going to take two weeks of discussion to outline the things we re going to impose tariffs on, but it will be shoes and clothing and things like that. you will see costs going up in american. do we want those factory jobs back in america where we pay
i heard you say you think this is a bad policy. what don t you like about tariffs? well, i m not in favor of tariffs blanket. i think the steel and aluminum tariffs are going to be counterproductive, alisyn. i don t even think this is going to save the kind of factory jobs that donald trump wants to because so many americans are using steel, not uproducing it. he really does care about these workers. he s been to places like michigan, pennsylvania, and ohio where a lot of americans feel like trade is responsible for the loss of their jobs. but i think where this is headed right now, alisyn, is in the direction that i m more comfortable with, which is to really tailor and target these tariffs toward the real bad actors on the international scene. countries like russia and china which are cheating and stealing. if that s the case, i m in favor of putting some punitive tariffs until they start behavinbehavin.
approach and deregulation and corporate tax reform and individual tax cuts and gary cohn was a huge part of that and now he says if you re going to move in this protectionist direction i m not the right person and it s a big shift in the trump administration. bill: do you have a sense how this converts to votes? perhaps next tuesday in pennsylvania we had a special election and steel country and southwestern p.a. do you get a sense what could develop from this i did see some polling that suggested the majority of americans are in favor of tariffs even as they understand them to be a tax on american people so it s a more complicated issue. the larger issue of what our economy is like and whether we have good factory jobs and steel to help with national security, i think is on voters minds. bill: great to see you in person. mollie hemmingway. back to sandra.