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it s fool s error to make china get the fundamentals fortg them in the eye for the tariffs. we re paying the costs of the tariffs. we re going to see more in the price of the consumer goods. what of that, dan, this is prdevastating. $75 billion in new tariffs. we only we only sold, what, $150 billion a year to china. they sold us $550 billion.so whg about? he doesn t know what he s talking about, to be honest with you. it s very unfortunate for someone who says he wants to be president of the united states doesn t understand how serious this battle, the existential battle is we are having with china. to poo-poo these fundamental issues that we ve been talking about that the administration has been working on to try to get china to change its cheating ways, its string of broken promises to the world on how it ....
And even two u.s. economy since the start of the year has continued to be favorable. business manufacturing weaken but solid job growth rising wages have been driving robust consumption, supporting growth overall, dan. china, germany, and the overall global economy is slowing, but the u.s. outlook remains strong. that s from jerome powell. so how can this trade stuff be what can we do? we have to let china cheat and cheat and cheat. i agree. there s no sense to it. no common sense to it. doesn t connect on the dots at all. the fact is what president trump is saying is, listen, i ran on gettingge the economy growing at 3% to 4%. now we ve got an economy that s growing at 2% to 3%, but that s not what we want. and, so, in order for us to be able to achieve the kind of growth that our people and our citizens and our country deserve, we ve got to stop the trade cheating by china. we ve got to stop their manipulation. we ve got to stop the economic and military aggression. we can no longe ....
And i ll share one other thing with you. behind the scenes, behind closed doors, global world leaders are saying thank god president trump is finally taking on china. laura: they don t have the guts to and we don t have the money to pay them off. that s my point. we don t have the extra cash to force germany and france to do the right thing. dan, thank you so much. we ve been wanting to have you on for sometime. we really appreciate it. more than happy to come on any time. laura: fantastic. you take care. what is this retaliatory action by china really all about? the story garners little coverage at the time. a few weeks back, bill gertz at the washington time, the free beacon accomplished this saying china covertly subverting trump s re-election. inside he revealed china is conducting aggressive influence campaign designed to block trump in 2020 according to a dissident chinese billionaire who until ....
$75 billion inu. new tariffs on u.s. goods and resume taxing automobiles. before the president leaves for the important g7 meeting, he tweeted, we don t need china and we re better off without them. the vast amounts of money made and stolen by china from the u.s. after the decades will stop. our great companies are hereby ordered to immediately start lookingg for an alternative to china including bringing the companies home and making their products in the usa. the ceo of nucor steel, dan d amico who s been raising the red flag of warning about china for years and years. dan, i think it s important. everybody is focused on the daily fluctuations in the market to walk through some of the common misconceptions about this larger trade issue with china. first, and i think most important, this claim that the trade war is dragging down the economy. south bend mayor and renowned trade expert, rhodes scholarpet. ....