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uncomfortable so you think he s negotiating? i think it s a starting point. remember, when the tariffs first came out there was a big shock and now we ve pulled it back. we ve excluded canada, we ve excluded mexico. we re starting to pull things back but in the end we have a problem with china. steve, take us through your charts on the trade issue with china. what is the issue? i think we would all agree we have a trade problem with china. i think the lead in you read in terms of how this unfolded and i would say congressman i think the way this has been handled is about as bad a way as you can handle a serious problem. let s look at the problem and start with china. joe mentioned that trump doesn t always tell the truth about these things so we ll show you some facts. so first, if you go back to the 1980s we had no trade with china. it was a very closed economy and then in 2001 they were admitted to the world trade organization and got preferential tariff treatments on their
biggest trading partners saegt tense tone as u.s., canada and mexico prepare to renegotiate nafta. u.s. home buyers may be paying for that new tariff on lumber. the canadian government warned that tax will hurt american home buy terrifies most. canadian lumber makes up 30% of the market. the tariff will crease cost of the home by an average of 3,000 bucks. it could hurt construction workers. it could cost 8,000 jobs. $500 billion of wages. trump s decision to hit canada with tariffs first was surprising especially considering his criticism of mexico on the campaign trail and the fact that the u.s. just lost $163 million trade battle with our southern neighbor over tuna. the u.s. government said mexican tuna wasn t dolphin safe.