trade talk tactics. sure, that could happen. but we re holding on tariffs and they re going to buy farm product, so you he know, but that could happen. this doesn t mean there s going to be a deal but they would like to make a deal, i can tell you that. and if we could make a deal, it would be very historic event. reporter: president was asked if he was concerned that the chinese might goat the edge of the deal and back off. meanwhile, also at the summit we learned that the president said that he not only would not increase tariffs on china, at least for now, as long as the negotiations are making progress, he said that telecom giant huawei would be able to still pick up material from u.s. manufacturers. that s not playing so well on capitol hill including a major player from the president s very own party, marco rubio tweeting this not long ago, if president trump has bargained away the
it will have really interesting impacts on the presidential elections. i think it will be a big topic in the primaries. how are we going to fix the economy? so many people are feeling like the economy, what was the number? they are not saying we are going to pay u.s. farm product and they are being actually quite politically sophisticated saying what are the red states? let s put pressure on those in terms of what they are bringing. europe, brexit, britain is bombing out of the there you
last year and for many years they ve lost in the vicinity of $150 billion a year. they have massive trade barriers. and they didn t want to come. they didn t want to talk. jean claude, great business person, head of the european union, my friend, i d say jean claude, we want to make a deal. he goes no, no, no, we are very happy. i said you may be happy but i m not happy. we have one of the worst deals of any group with the european union, and they just didn t want to come because they were happy with the deal. i said but we re not happy with the deal. and finally after going through a whole process i said look, we re going to put a tax of 20% on all the millions of cars. millions of millions of cars that they sell here that they won t take over there. farm product that they won t take over there because there are barriers. you can t sell. you re not allowed to.
our farmers will be so happy. the farmers have stuck with me. i said we would do this. and mexico s promise to immediately start purchasing as much farm product as they can. they ll work on that very hard. is that true? really, really unclear. i would take it with an enormous grachb salt. the president announced to replace nafta with a bilateral deal with mexico tentatively, talked about how farmers will be thrilled with what he s doing. who knows if it will happen. if it has any effect, it will only be reversing the damage the president himself created. which is kind of a single phenomenon of the age in a time of this, they are fixing for a world they are largely responsible for tearing apart. in an essay from his book winners take all, the author writes, at first you think rich people making a difference.
we have a small amount of media in our presence like everybody. ed immediathe media should know president and president-elect worked closely together. the president felt it was important the president-elect liked what he was seeing. our teams worked together. our teams were really well unified. and your team was very well unified. i was very impressed with the fact that the two presidents came together and worked out something mutually agreeable. it s an incredible deal. it s an incredible deal for both parties. most importantly, it s an incredible deal for the workers and citizens of both countries. our farmers are going to be so happy. my farmers, the farmers have stuck with me. i said we were going to do this. mexico promised to immediately start purchasing as much farm product as they can. they re going to work on that very hard. as you know, we re working