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Detailed text transcripts for TV channel - MSNBC - 20180303:17:33:00

And democrats don t like. tons of republican senators are coming out saying this doesn t make any sense. ben sasse, or rin hatch. we ve got mike lee from utah, jeff flake from arizona. president trump says this is about protecting american steel workers. there are about 140,000 steel workers who would benefit from this. there are millions of american employed by manufacturers who consume steel, steel that will, as a result, be more expensive. that s about a 45 to 1 ratio of those who are hurt to those who are going to benefit. but again, the president is getting advice from navarro who is a little bit outside of the mainstream, but by his commerce secretary, who i m reminded, is the commerce secretary, he may be outside the main stream but he s a cabinet secretary for the u.s. government. but he s gone rogue from the rest of the administration. remember, the steel industry is ....

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Detailed text transcripts for TV channel - MSNBC - 20180303:17:32:00

It s been swinging wildly back and forth since. ostensibly these tariffs are aimed at china which u.s. steel makers say depresses the prices of steel by dumping steel on the market, meaning selling it for less money than it even costs to produce it. these tariffs, though, would hit steel that comes to the u.s. from its allies like canada and mexico and south korea. as a result, investors fear, rightly, that it could spark a trade war that no one wants, no one except for maybe the president who says it s cool. president trump says we like trade wars, they re easy, you can beat them. he s wrong. here s the thing. the president is kind of a man standing alone here. he s got wilbur ross, his commerce secretary, peter navarro, an economics guy who the treasury department didn t want, who the economic council didn t want, the only person working with wilbur. these two guys are pushing this. it s something the markets don t like, republicans don t like, ....

Big Money , America Like Steel , Investors Fear , South Korea , Trump Reconsiders , Commerce Secretary , Trade Wars , Peter Navarro , Wilbur Ross , Markets Dont Like , Republicans Dont Like , Treasury Department Didnt Want , Economic Council Didnt Want ,