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shannon: meanwhile, larry kudlow, the economic advisor, disputing a report that tariffs reduce average real household income by $585. watch this. remember, our tax cuts have turned back somewhere between $3,000.4000 in lower tax liabilities for average american families. whatever little hits on tariffs, it s being dwarfed by the tax cuts. shannon: and also this from republican senator lindsey graham yesterday, saying the u.s. maintains the advantage in the trade war. but there are going to be some bumps along the way. he explains. speak of the democrats for years have been claiming that china should be stood up to. no trump s. we have got tricks of the pain that comes with standing up to china. how do you get started to change without creating some pain on them and us? i don t know. shannon: he says there is no way they will be paid for everybody involved. obviously even watching the markets, how they would react ....
Sometimes. sometimes big government policies i m not saying that. analysts are saying that. shannon: jessica, there s been a number of high-profile democrats. we think of senate minority leader chuck schumer. he has been saying senator graham, obviously republican, said this weekend that this is what democrats have asked for. they want this president to take a tough line with china. now he s doing it. jessica: amy klobuchar was on with chris wallace on sunday talking as well about the intellectual property. it s a huge component of that. what democrats are talking about is maybe having a different approach. that you could get a smaller deal done to take some of the initial impact that s happening right now, day by day, on americans. you had on friday the head of the national farmers union release a statement saying president trump is not helping the situation. obviously there s a lot to talk about from what went on at the g7. what you did see was unity from the other six leader ....
The g.o.p. still says they are with the president. whether it s him or governor weld or mark sanford, who is also considering a run, they have some heavy lifting to do. lawrence: also a guy who can t win the primary. shannon: i said to him, what s the point? he said, i want to bring up important topics to talk about the debt. and i said, are you willing to present this president enough? to like their policies better than you like this president and his policies? i think joe walsh have to answer those questions. jessica: i think he would say democrat is preferable to have a double truck back in office. lawrence: that silly. jessica: you can say it s silly, but there s a whole group of never trumpers. there s an op ed tom nichols wrote, for instance, were he said give me everyone but tulsi gabbard. one thing that s important here, job joe walsh is a street fighter. come on. president trump is nasty himself, too paid a lot of the stuff he told the congressman, ....
In 2020. to pick someone from the far left. jessica: they would prefer that. i want to add that elizabeth warren took a shot of the president, which we would expect because of the argument. but she also took a shot at hillary clinton. if i was on the stage with trump, he wouldn t be walking behind me during that handsy stuff. as a passionate heavy voter, that didn t sit well with me. biden has a lot of dedicated voters who were hillary voters. moderates, african-american voters. she is still polling terribly with constituents of cali. you can t win the democratic primary without them. dagen: i think older voters will make up the largest share of the electorate since 1970. don t make older voters angry. elizabeth warren. [laughs] michigan congresswoman rashida tlaib calling out president trump, saying he is actually a friend of her and the squad of three other freshman lawmakers. whether she is right, and where the feud goes from here. ....
Over the weekend didn t sound great looking at futures. this morning the president has spoken. seems like things are coming down to a bit. dagen: it was the message from the vice premier about preaching calm, if you will. and it was the response from president trump. john hoeven ross was on the fox does in their work from the wall street journal. he says the most important thing to watch, what do companies do in this country? big multinational they are sitting down at september to do their budgets for next year. are they going to keep spending? will they keep hiring? ultimately it s very hard to make those decisions if you don t know what the landscape looks like. that was the critical thing. the u.s. consumer is in terrific shape. you see it in walmart sales and earnings. you name it, retail sales. but you have to keep hiring going. if you this economy to hold up. the lack of certainty and the kind of capriciousness and ....