navarro, sandbagging mnuchin. this is a divided trump delegation going to china. two globalists. yeah. it s interesting. and i think that there are no advance team did not go. so that s unusual, too. it s interesting that china has the position of knowing they ll have the same leader permanently. so very different position in an administration who knows who could be president down the road. we re arguing with eu, third of global trade is between the united states and the eu about oversupply of metals coming from china. fascinating. let me ask you something, julian. there s this really interesting comment from marco rubio in the economist about taxes and the economy. i wanted to read to you. he says, there s still a lot of thinking on the right that big corporations are happy they ll take the money they re saving and reinvest in the american workers. in fact, they bought back shares. a few gave out bonuses. no evidence whatsoever the money has been massively poured back into the a
but i still think the president would like a deal. i still think an agreement in principle on nafta is fairly imminent, maybe in the next few weeks. so it was an encouraging sign. it s a one-month delay, but it s a sign this administration does not want to get into a full-fledged trade war. julian, do you see a strategy here? there are those who thought the president blinked here and the white house economic team blinked here. they re on their way to china where they have to deal with the chinese $150 billion in tariffs the united states threatened. but meanwhile, our friends are upset with us. you know the european negotiators are very they re angry that they ve been put in this position by the united states. there s an oversupply of medals because of oversupply in china and it s our friends in europe who are going to be sanctioned essentially. i think he s playing to his bases because basically bases meaning he s doing a lot of things. initially the controversy in the announc
showed his electoral base that he is fighting for them. against foreign powers. but now he goes back and says, well, i m not going to do a lot of that. i m going to delay it for our key allies which plays to his other base, meaning corporate america, which very much does not want to a trade war and also to the base of some key allies right now who he needs for other foreign policy moves that the administration is trying to make with north korea, iran. so he s playing to many bases. there is a strategy to saying lots of things. and in the end, maybe doing nothing. speaks to the stay tuned to the next episode theme of this admissied administratio administration. that s exactly right. see you in 20 minutes. coming up, are israel and iran headed to an open conflict? israel s prime minister says he has proof iran was lying. when it said it wasn t developing nuclear weapons. we re live in jerusalem. as king midas, i expect things to last a looong time.