china has been cheating us for decades, especially when it comes to stealing our intellectual property. that s one of china s many misdeeds when it comes to trade. the way president trump is going about it, though, is the worst case scenario. these tariffs are hurting the american people. they are a tax increase. even a couple of the president s tweets used the term tax increase, and that s probably one of the most honest things he s tweeted in quite some time. and the reality is, with parents attempting to send kids back to school, these tariffs actually hid disp hit disproportionately on working class americans. while i m someone who has said for five years having been in congress now that we need to get tough and realistic on trade, the way president trump is going about this is completely backwards. we take a look at president macron in the lower part of your screen as they wait for dinner
arrivals of the world leaders. the trade war is affecting farmers and consumers across this nation, but is it possible in the end the trade war could be worth it? the way it s going right now, it s very difficult to see that. especially when you have a president who has an attitude, as he s expressed a number of times, that trade wars are easy to win. the reality is quite complex. actually, right now both sides are losing. the only question is how much is one side losing? is one side losing more than the other and who will cry uncle first? right now there is no sign of that at all. my worry right now, frankly, is that we re going into a global recession. germany one of the largest economies, i believe the third or fourth largest gdp in the world already is in recession. there is a very significant chance that we will be in recession within the next 12 to 18 months, or at the very least,
on the road to 2020. several contenders are rallying for votes across the east coast while senator kamala harris is taking on north carolina. former vice president joe biden and south bend mayor pete buttigieg, they re fighting for votes in new hampshire. buttigieg took on the president s approach to gun control and legislation. let s take a listen. think about how low our self-esteem as a country is that we are debating whether it is consequential for the president of the united states to be completely out of touch with reality. this is maybe a mayor s eye view of the world, but when you see a problem, it s not enough to get credit for describing the problem just right, you got to do something about it. and joining me now is nbc s mike emily. mike is traveling with the former vice president. what can you tell me about
frankly, i think if president trump wanted to fix this tomorrow, he could. nancy pelosi is ready to stand by and ready to work with him on an immigration reform policy that would help asylum seekers, that would help the immigration system in our country, which i think both parties can agree is broken right now. democrats do stand ready to work on this. we ve been very clear where we stand. we do not believe kids should be detained indefinitely, we do not believe kids should be in cages. there needs to be a humane process here. in terms of democrats, several 2020 candidates have called for eliminating the private prison system altogether. how big do you think this will be going into the election? we know that most americans, in fact, the aclu had a poll that showed 90% of all americans want to have criminal justice reform, and included in that is we need to get rid of private prisons. so this is an issue that voters are concerned about.
caravans coming over the border through mexico, he did try to slap tariffs of 5% on mexico and he cited this law. whether he can actually use it this way, who knows. it does seem like it s more of a negotiating tactic, but what makes the market nervous and wonder what other things the president might be willing to do if he gets more and more enmeshed in this fight with china. josh, were you implying that since this was coming from donald trump that it was somehow baked into the cake that the dow only fell 600 points? it might have fallen more precipitously with another president making these claims? i think so. i spent a lot of time covering president obama. if he just came out on the white house lawn one day and said he thought the federal reserve chair was the worst enemy of the united states than the president of china, i think the market would have dropped like 10 or 15%. but we re so used to this tumult