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Detailed text transcripts for TV channel - FOXNEWS - 20171104:02:46:00

can. the president is willing to act unilaterally when he has to. we say it s cold war era. ronald reagan used it and used it very effectively and made a big difference for our trade policy. a lot of people benefited from it we will use every tool we can, as long as it s fair and consistent with law. laura: china has something called their 2025 project. it s their focus to dominate every major industry from 3-d printing to rare earth. to heavy manufacturing, tool manufacturing. it s really ambitious. is it just kind of pie in the sky thinking or is there a real opportunity for china to dominate all those industries? it s a very, very serious challenge. not just to u.s., but to europe, japan, and the global trading system. and basically it s very focused. the areas you talked about but also aerospace on new energy vehicles. i mean, they want to be on top of all the high tech, all the cutting edge

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