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Economic impact will be is something the market s trying to handicap, stephanie, right now. it s those farm counties that don t want president trump to touch nafta. peter, the original proposal was for about $30 billion in tariffs. trump wanted $60 billion. what do we know about the final product? and who has factored in to dom s point where this is going to hit. if it hits red, manufacturing, agricultural states, that is, in fact, trump country. yes, that s the risk of a potential for a trade war. the final figure expected to be announced obviously about three hours from now. we are hearing it will be less than $60 billion. it s not official yet in those tariffs and other penalties on china for stealing america s intellectually property. the tariffs are expected to target a wide range of categories. clothes, shoes, consumer electronics. the president s top adviser on trade said the policy goal here is really to find that sweet spot, if one exists where the tariffs inflict the maxi ....
In america. so that is how he is setting the scene here on what is being described as a day of action here at the white house. jobs, trade, the economy, all at the top of the agenda today, steph. all right. you mentioned a campaign promise. i would like to bring up anyone who thinks donald trump thinks no one wants to see his taxes. i would like to remind anyone, there is one person who sure would, president trump, i would love to see your taxes. time to bring in my panel. welcome to you both. so much to cover. megan, i want to start with you. people are gassed, saying nafta, you can t touch nafta. why is it a bad idea? it s a 20-year-old deal. why not renegotiate? when you look at what he s taking on nafta, the issue he faces, if we re going to withdraw, renegotiate with both canada and mexico, we re talking about a multiyear effort. and i think the think thing that trump s team, when we look at manufacturing to mexico, that is cheaper labor down there, of ....
In trouble because he communitied with the canadians, don t worry, he doesn t mean it we won t touch nafta. the interesting thing here is the washington governing consensus that brought us nafta and brought us some trade deals that people don t like in retrospect is saying trust us this time. we figured it out and we got it right. actually i was supportive of nafta at the time and i believe it raised the family incomes of mexicans and emancipate mexican women. and there s a fair amount of that that has actually happened. mexico is mow the 20th strongest economy in the world. it is a good thing for america to have two strong economies on either side of it. i supported nafta at the time under president obamaclinton and i m not sorry i did. but i worry about what has been ....