discuss immigration and to reassure them of his support for their efforts. now, that is crucial, to have the president s support here, because all along the goal has been to have a bill that can actually become a law. and senate majority leader mitch mcconnell has said he will not consider giving any bill that the house passes a vote in the senate unless president trump has indicated he will sign that bill into a law. arthel? arthel: hey, garrett, so what s the white house response to let s talk china now and these retaliatory tariffs from that country. reporter: yeah. well, on friday the president announced he was enacting $50 billion worth of tariffs on chinese goods coming into the u.s., and this is after china has been going on for several months now, rounds of trade negotiations with the u.s. to try to avert a trade war. china has now responded to these new u.s. tariffs by imposing $50 billion worth of tariffs of its own on u.s. goods. these latest talks though, they seem to hav
what could that possibly be? well, of course. with trade there are always winners and losers. and i think that is always the risk. but that s exactly the point. i mean, look, the united states we are a very rich economy, and we ve become very rich economy precisely through trade. but so has china. china has become rich precisely because it has opened up. and if china had stayed a closed economy, it would not nearly be as rich. i mean, president trump just returned after meeting with north korea, and that is exactly what president trump has offered north korea. open up and you too can become rich. arthel: so let me that s precisely the point. arthel: i want to jump in with a final question for you, doctor, because you said you believe for the u.s. the rewards can be great to stick with in the situation. listen, the tariffs don t take effect until july 6th, so what s next? short answer for me, please. do you think this is going to escalate or get resolved? well, again, we simpl
the white house would like, and that is why these new tariffs are comingnto place. yesterday president trump defended these aggressive moves by the u.s. in these trade negotiations. no, the trade war was started many years ago by them, the united states lost. you say we re on the losing end well, no, there is no trade war. they ve taken so much. so last year $375 billion in trade deficit. we had with china. we had overall over $800 billion over a period of years, each year close to $800 billion in losses on trade. not gonna happen anymore. it s not gonna happen. can t happen. reporter: the white house was not caught off guard by these retaliatory tariffs coming from china and even before announcing these tariffs, the white house said it has already prepared another set of tariffs that it can enact if china moves forward with retaliatory tariffs, so more tariffs on the way for china. expect those in the next week or two at least.
you didn t talk about this but i want to ask you. if this is a negotiating tactic, is it a good one? can it be effective? and where s the risk? yes. and primarily, i do think it is a negotiating tactic, and that s why i think it s actually a very good idea because i think that for too long china has very much been using trade and and economic goals very much as part of a larger part of its foreign policy. and it s very much been using it as an overall national strategy. and i think that is primarily what has made china, frankly, that has been china s advantage and what has allowed china to grow so rapidly and really challenge the united states. certainly, what has allowed china to become the second largest economic power. and really challenge the united states. arthel: yes. and as you well know, china is,