description of a vehicle wanted in a shooting. video shows the officer opening fire after he tried to run. in a fresh attack on president trump trade policy, the european union is fighting back tears slapping retaliatory tariffs on more than $3 billion worth of american made goods. but trade experts say that china was a country in the presidents sites during his campaign. most of the tariff that the trumpet mistress and has put on so far are on economic allies. canada, japan, not on china. those are the countries you want working with you. which potentially is china but they are not able to politically. they are being forced to retaliate against the united states and oppose their own tariffs on u.s. expert. gillian turner has more. the european union announced a 25 percent tariff on major american goods steel, bourbon,
but when vice president biedzen is talking about globalism, why does it matter now, richard what he is saying. is this not the position of the united states anymore as of friday. now, let s just pause a minute. i m going to take the other point of view here because i think to some extent we ve beaten up on the trump trade policy perhaps too much. remember, what donald trump is saying is not free trade, but fair trade. and there are people here and i know a couple of members, for example the ceo of dow chemicals who is on this step with me, who basically said, listen, there s nothing wrong with fair trade. making sure it s a level playing field. and there will be people here in davos who say, look, it s great to have xi, you have xi yesterday, president xi of china, talking about free trade. well, that s great for the country that has protectionists. that has restrictions. that has a currency that s being
criticism of the president. i think paul ryan could be more forceful in the way he condemns this. he says we all want to get to the same result, as long as we get to the same result it s fine. but it s really not fine. i think there are going to be people who are hurting and maybe the farmers get saved today, but maybe not in a year, maybe not in two years when this is probably still going. the president says it s a fight worth fighting and he ll get out of it better deals. not to get too far ahead, but maybe a fascinating experiment if democrats take back one chamber of commerce. what do they do? some of their members very much want to crack down and tie the president s hands. other members actually kind of like some of this protectionism. it drives their own politics. but to your original question, which is how do you get a deal, nafta is exhibit a of the trump trade policy not being able to produce a deal.