prime minister abe and indian prime minister modi on trilateral cooperation and that may be a warning sign for china. the president also tweeted this. you mentioned it just a moment ago. china agreed to reduce and remove tariffs on cars coming into china from the u.s. kr currently the tariff is 40%. that s a big statement from the president but we haven t heard it from anywhere else. from the markets perspective, what do you make of that? a single sourced headline? well, the single course headline is a primary source. the idea right now is the markets don t have details on this. there s a sentiment things are genuinely like you said. a little bit less negative with regard to things. the auto side of things is interesting only because he has cited it so very vocally, i guess if you will in this whole idea of trade discussions. when you talk about companies
the president of the u.s. utilizing his art of a deal strategy, if he s also getting the same from the other side, is this really just an olive branch from the incoming mexican president or is he now turning this into a bargaining chip for the ongoing trade discussions? what do you think, margaret? i think you raise a really good point. certainly the incoming leader has some political skills, and there s going to be sort of this becomes a negotiating position at this point, but i think for president trump it s worthwhile because for his domestic imperative the democrats are taking over congress. it was already hard to get anything done legislatively. it just got that much harder. he s turning increasingly to efforts to try to use executive power and test the courts and if he and the incoming mexican government can meet in the middle on this even for a while, even if it doesn t turn the tide of anything, even if it does some of the things critics has
multilateralism. he told french investors in paris that president trump seems to turn his back on, and history. he is calling for trade discussions between the u.s., europe, china and japan. in paris this november. moscow has sentenced opposition leader to a month in jail for an unsanctioned protest rally in moscow. he is vladimir putin s most prominent rival and has caused for nation right rallies to protest government plans to raise the retirement age. investigators working for the u.n. s top human rights say burma s leadership should be prosecuted for against the muslims. the call amounts to some of the strongest language yet from officials who have denounced alleged human rights violations and burma since the bloodied crackdown began last august. to some of the other stores beyond our borders tonight, we ll be right back.
out and help push ahead this great institution we call america, this great experiment that goes on. major general john boreling, if the goal was that we would all be proud of you, we re all proud of you and thankful. and thank you for your remembrance of john mccain today. thank you. breaking news now. president trump just made that trade announcement in the oval office. we want to listen to it and then tell you what it means. there s a lot of analysis here. the president started his trade discussions about nafta with canada and mexico, and in doing so has expanded into what is now regarded as a global trade war. a lot of people think maybe get nafta on track. there were a lot of discussions underway in a normal review of nafta before president trump imposed the trade restrictions that he did. while that happened, canada and mexico and the united states in various stages continued
so we can reduce our giant trade deficit. chris: in response to farmers concern about getting hit by tariffs, the administration announced this week a $12 billion package in emergency aid. i looked back through the record and have spoken out several times against corporate welfare. when did handouts to farmers become strong, good, solid, conservative policy? i don t think these are handouts. it would be one thing if we were just subsidizing markets. that s not what we are doing here. this is a short form program to deal with retaliatory tariffs where you have people who put tariffs. which by the way, are against wto rules and are targeting our farmers. we are sticking up for our farmers so that they don t get hurt in these trade discussions. these are not long-term subsidies for the industry. chris: what do you say to some republican senators who blocked this idea and said they