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Entitled to their opinions, but they re not entitled to their own facts. [inaudible] chris: would you give me a chance to show you? fed chairman jay powell said 26 times on wednesday that one of the reasons that he was cutting interest rates, 26 times he said, is because of our trade difficulties with china. here he is. wal feel like we also feel like weak global tensions are having an effect on the economy. you see weak manufacturing. chris: goldman sachs reported in may the cost of u.s. tariffs have fallen entirely on u.s. businesses and households with no clear reduction in the prices charged by chinese exporters, and here s your give me a chance here to respond? chris: i am, but wait a minute [inaudible] [inaudible conversations] chris: met me simply put up the number. put that up again, please, robin. thank you. look at this chart from the ....
Of chris: let me ask you one question in the 30 seconds given the fact that innocent knoll, and i m marle said to his face in osaka, we re going to stop the shipment of fentanyl, they didn t, why does the president still call him a good friend in. he values the relationships he has with world leaders, and he believes that through those relationships chris: even allowing goods to come through, drugs to come through that kill americans? so you can go down that route. president trump values his relationships with world leaders around the world. he views that as an important way to have negotiations. but the bigger issue here is china. and we have bipartisan support for our china policy. the american public support this president. i hope we can rise above partisan politics on this. and also do things like pass the us chris: okay. we will talk about that another ....
$300 billion of chinese goods. most of the imports, consumer goods like iphones and shoes and baby products. finish the news sent markets tumbling to their worst week of the year, renewing fears of a global economic slowdown. joining me now, white house trade adviser peter navarro. peter, welcome back to fox news sunday. good morning, chris. how are you, sir. chris: let s start with the basics, who pays the tariffs? he s what the president said this here s what the president said this week. until such time as there is a deal, we will be taxing the hell out of china. that s all there is, okay? [cheers and applause] chris: but, peter, that s just not true. american importers pay the tariffs when chinese imports into this country go through customs. they pay the tariffs, and sometimes they pass them on to american consumers. true? false, chris. what we ve seen, clearly, is that china has strategically gamed the tariffs by e slashing ....
And unrivaled network to work. the united states postal service makes more e-commerce deliveries to homes than anyone else in the country. e-commerce deliveries to homes (burke) at farmers insurance, we ve seen almost everything, so we know how to cover almost anything. even a three-ring fender bender. (clown 1) sorry about that. (clown 2) apologies. (clown 1) .didn t mean it. (clown 3) whoops. (stilts) sorry! (clowns) we re sorry! (scary) hey, we re sorry! [man screams] [scary screams] (burke) quite the circus. but we covered it. at farmers, we know a thing or two because we ve seen a thing or two. we are farmers. bum-pa-dum, bum-bum-bum-bum ....
Number of reasons why the president decided to take the action he did. he has always had the door open to negotiations, but when we don t see progress, when they renege on the deal and they don t keep their promises they promised, chris, to stop putting fentanyl in our communities. by the end of this week, 1,000 people are going to die from made in china fentanyl. the president says that s not acceptable. the president says that china can t keep taking us apart and, yes, he s taken swift and decisive actions. hasn t seen any in term of consumer price impacts, and guess what? the people are behind it. within hours chuck schumer chris: in fairness, chuck schumer has been a hard-liner on china for a long time he s not the only democrat. chris: i understand. let me get back to this question of prices because, you know, i don t know who it was at thak moynihan said everybody s ....