from environmental standards and labor standards as well. so president trump does face figure what xi jinping does not, to try and either get a deal through by 2020 or convince voters in the hawkeye state and other places that he will get a deal that will be better for them if they re just willing to reelect him one more time. arthel: so if trade ends up being a strong point for president trump, then the democratic candidate whoever that might be will try to turn that into a weak re-election argument against the president. certainly. and it s not just here in iowa. in michigan, everywhere in the midwest in those states that hillary clinton won sorry, excuse me, that donald trump won and hillary clinton lost, that s the argument that they are taking to workers there. that they would rearrange trade deals, but they would do a better job remaking deals like nafta than donald trump has done so far. and, again, that deal that he made is languishing in congress,
and whether or not it s one of those 22 democrats that are currently in the race. so here in the state you heard elizabeth warren saying that the white house doesn t need someone who s making trade policy by tweets. you also had joe biden saying he now believes china is a problem, but the difference is he would attack intellectual property instead of focusing on the difference between how many goods the united states is exporting to china versus how many goods the chinese are exporting to the united states. arthel: regardless if china tries to run out the clock or not, at this point in the cycle can we forecast if trade will be a big issue in 2020, and if so, will that be to the advantage of president trump? well, president trump has the advantage of the fact that he s in the white house, and he s in the driver s seat on trade. but at the same time, when democratic candidates make comments about trade and china like joe biden, it doesn t necessarily affect the markets in the same way
and at this point it s looking less and less likely that it ll get through congress before the tend of this this year. and, of course the end of this year. and, of course, next year is an election year and very little often gets done in congress when you have so many candidates who are out on the trail a making their political arguments. arthel: yes. and meanwhile, what has already been done in trade in terms of president xi and trump is having an impact on people s pocketbooks, so that ll be lingering as well. what s not lingering is this segment, so you now can go back out and get some food. [laughter] what are you going to go get? well, now, see, this changes my game plan. i was thinking about the deep fried oreo today, but now that eric mentioned that tiramisu, i think i gotta go find that. arthel: i m going for the pork-wrapped bacon, whatever it is i already had a cowboy cup, arthel, is so so i ve done
talking about these couple of visits to el paso, and today he said the president a made those visits about himself, doesn t demonstrate enough compassion or empathy. he also stated, quote: recently he has said things that divide the cup, so i didn t pass the 1 is 00 percent litmus test. verge he he turns on eventually he turns on everyone. then he tweeted a cartoon showing the five stages of white house employment starting with a maga-hat wearer who eventually ends up out the door with a knife in his back. arthel: and the trade relationship with china is crumbling. tell us about that, rich. reporter: it appears to be. the president has sutted that the suggested that the u.s., that these trade negotiations with china could collapse. the president has threatened to put tariffs on $300 billion worth of chinese em ports at 10% starting september 1st if
trump. take a look at the markets on friday when president trump said that there might not be trade talks now in september. you saw the dow go down by more than 200 points and almost a percentage. it recovered slightly, but all of last week as we saw this yo-yoing, we saw the dow dropping, going up and down. and when joe biden makes comments about china, you don t see the same thing in the markets. at the same time, president trump said that he should be elected because he was going to be the deal themaker in chief. but for various reasons, he hasn t been able to get through those trade deals that he promised. arthel: chinese president xi jinping might be president trump s greatest foe on trade. and, of course, keeping in mind, francesca, we don t know how it will all turn out, but how might president trump s trade war with china impact his chances of getting reelected? well, democrats are here in iowa making an argument that they do a better job on trade for farmers, that they d do