first, is this even true? once again, he s wrong on several counts. first, all american auto exports are now getting hit with an additional tariff. it s not just the 25%. it s getting it starts with a 15% tariff. it has a 25% additional tariff which translates into a whopping 40% tariff on each car exported to china from the united states. substantially more than the 15% tariff the chinese had been imposing before the latest trade battles. meanwhile america charges 2.5% on goods coming into the united states, and an additional 25% on auto imports from china adding to a 27 1/2% tax on each chinese import coming into the united states which explains why ford is halting imports of its focus models. joining us now is our auto and airline reporter phil labeau. if the president doesn t
release some bombshell? will there be something that goes down in these trade battles, negotiations, nafta? the president disinvited from a senior republican statesman s funeral, as well as not having to deal with so many other issues. this is a different kind of labor day kickoff for the midterms than we ve probably seen in our lifetime, certainly in and certainly in american history. you re right. this is no quiet labor day weekend, not for americans, not for reporters. we might not see a quiet labor day weekend until president trump is out of the office. this white house thrives on changing up the story. president trump loves taking to his twitter feed in the morning to reset the agenda. and there s no shortage of things for him to talk about. he can parachute himself into any midterm battle, house or senate, change the race like
ai and stuff like that. we re almost in a way fighting the trade battles for 25 years ago. that s a great point. thank you both, next time you re on, first answer to you, i m out of time today. thank you both very much. president trump s attack on the media, reaching a new level, accusing journalists of causing war but members of his own white house are breaking with the president s message on that. the first person to survive alzheimer s disease is out there. and the alzheimer s association is going to make it happen by funding scientific breakthroughs, advancing public policy, and providing local support to those living with the disease and their caregivers. but we won t get there without you. join the fight with the alzheimer s association. it s a pea-protein, gluten-free pâté.gman? (whistles) it s a burrito filled with plants
administration when i talked about the jobs numbers, good or bad, i said, one number, one month, doesn t mean a trend. it is like you re running a mile race and you declare victory after the first lap. let s see how the rest of the year goes. in particular, let s see about the self-inflicted economic wounds of trade battles and what it will eventually mean. ali velshi, where does this go from here? just to the point you were making, the obama administration used to complain all the time when we d come out there and say that this is a rosy narrative or doesn t completely tell the picture. that s what the issue is. the gdp, to carry on from what chris said, the gdp is a marathon. it is revised several times. you have to look at it usually in the rear-view mirror several months later. this, in my opinion, i get it, i think every president would do something similar to this, but in the end, this is a distraction from other important stories. we have some very specific problems in this
the trade trump worries. u.s. automakers say steel and aluminum tariffs are hurting profits. that is true for whirlpool and harley-davidson. trade battles are impacting the economy. wow. watch tech today. facebook is a big decline. mark zuckerberg lost $18 billion in net worth. what will he do with the $60 billion he has left? in california, authorities arrested the man linked to the cransten fire. at least 500 firefighters are battling the flames. more than 2,000 homes evacuated. brandon mcglover is facing charges for starting the fire. the ferguson fire charred more than 41,000 acres. parts of yosemite park is closed. addison barnes suing the