we want to get canada to do away with the dairy tariff. guess where they agreed to do awayh it. in tpp. canada was prepared to tear it up. why is the president raising that issue now? he could have had it, had he stayed in the program. the president, in his campaign, made a lot of promises that didn t make sense. a lot of his policy does not make sense. he s trying to appeal to people and make them believe that the problems they re experiencing are not the fault of changes in the economy, changes in technolo technology, changes in the modern world, b but, rather, th result of elites in washington, elites in international trade organizations, stupid, incompetent trade deals. none of that is true. there are ways that any set of trade agreements can be adjusted to help some and hurt others.
1,000 cases per this is stunning. we re going to talk more about this and understand why they re doing this. all of the costs associated with this, separating the kids. i mean, imagine, if you were an american who said, i need somebody from the social security office to call me back. i need someone from irs. i need someone from my school. and there isn t the funding. we have to ask the question, why is the funding going to projects like this? who is it serving? who is it helping? we certainly know who it is hurting, and it e kids. next, president trump defending his new immigration policy. he is blaming democrats and tweeting, change the law. but for fact s sake, there are three things that could quickly end the separation from children and their parents. the white house, the senate and, of course, congress, all under republican control. we re going to dig into that next. and there is more ahead for the president today. here s what we ll be watching for. 11:30 a.m. eastern, he ll m
welcome back to velshi & ruhle. markets talki ining the stoc market has been down, and they continue to slide today. this market dip comes specifically after china announced retaliating with tariffs. china s tariffs are targeting soy, energy, and a total of 818 chinese imports could have devastating effects on the very people who voted for president trump. let s take a look at who specifically stands to lose the most off china s recent announcement. president trump won the ohio vote by 8 percentage points in the 2016 election. yet, ohio, the state of ohio, could be the hardest hit by the looming trade war, with americans biggest trading partners. 2017, 38% of ohio exports went to canada. a total of $18.9 billion. mexico is ohio s second largest market. a total of $6.5 billion in in 2017. with president trump threatening
in the main, the free trading regime that the world has moved to over the last several decades has made the world better off. this is why business groups that favor donald trump on things like tax policy, chamber of commerce, and business round table, have said, this is bad. this is why it hurts the stock market. this is the president making promises that are, in essence, know nothing promises to people, and then trying to sell them. the question is, how deep does he take it? is president trump going to be forced to increase the subsidied fy eiefor the farmers they re hurt? they lose china as a customer. won t they be turning to the president saying, i need more help? where is the money going to come from? he s said, i ll take care of the farmers. how exactly are you going to do that? we ve got a budget deficit that is skyrocketing as a result of what s happened with the tax cut he passed. we re headed for tllion dollar deficits next year. is congress really going to lay out a bunc
that they are working hard to always take care of them properly. let remember, we have a generous, lawful system that admits over 1 million people a year to permanent legal status in america. but when we ignore our laws at the border, we obviously encourage hundreds of thousands ignore our laws, and illegal is enter our country, creating an enormous burden on our law enforcement, our schools, our hospitals, and our social programs. president trump has said this lawlessness cannot continue. we do not want to separate parents from their children. you can be sure of that. if we build a wall, we pass some legislation, we close some loopholes, we won t face these terrible choices. the numbers will end. we will have a system where those who need to apply for asylum can do so, and those who want to com to this country