hello everyone i'm kimberly guilfoyle along with marie harf Jesse Watters Dana
Perino and Tyrus it's five o'clock in New York City and this is the five
the breakneck pace of the Trump administration intensifies with a new
high States foreign policy move China is accusing the White House of launching
the largest trade war in history for slapping billions of dollars worth of
tariffs on Chinese goods this as our economy continues to boom US employers
adding a solid two hundred and thirteen thousand jobs last month President Chomp
explains why he's taking action against Beijing I respect China and I respect
President Xi but they've been killing us five hundred and seven billion dollars
in trade deficits last year 507 who the hell can lose 500 then you want to do
something about it you get attacked oh that's not nice that's not free trade
that war was lost on trade many years ago well Trump is also continuing to go
after Democrats by repeating his attacks on Maxine Waters and Elizabeth Warren a
vote for John tester is a vote for Chuck Schumer Nancy Pelosi
and the new leader of the Democrat Party Maxine Waters she is a low IQ individual
Maxine Waters she's somewhere in the mid 60's I believe that let's say I'm
debating Pocahontas right I'm gonna get one of those little kids and in the
middle of the debate when she proclaims that she's of Indian heritage because
her mother said she has high cheekbones
that's her only evidence that her mother said she and I G all right Jessie yes
choose carefully you want to go to China start with the DNA situation a couple of
weeks ago we had our little DNA tests and we all got them done and I believe I
was 99.9% European and point one percent sub-saharan African right so that would
be like if I went into college and claimed I was a minority in order to get
a leg up in the admissions process it's kind of in a way what Elizabeth Warren's
being accused of doing at Harvard as a professor mm-hmm I don't know if she has
any Native American blood her grandmother said she might have had
Indian blood I'm not sure there's only one way to prove it I mean looking at
her she looks about as white as Dana Perino I was a hundred percent year it
was a hundred percent again is the reality talking about that for two weeks
but listen I don't I don't want to hide her heritage there's only one way to
prove it but the Pocahontas nickname really has stuck and she has not been
able to shake this same with the low IQ Maxine Waters and we saw this nickname
deal in the primaries with you know what was it sweaty Marco or lyin Ted and
these things cut hard and they go viral and it's hard for these people to escape
that I mean imagine if I switch parties to the Democratic Party what Trump would
call me running waters dirty waters I that's why I would never say the name
would just so that's why you have to stay right okay alright so marina what
do you make of the situated on Jesse's soliloquy there but
really want to talk about China and the tariff sure yes I would talk about China
and the tariffs so what's interesting is these tariffs not just with China but
also with Canada Mexico and the EU have the real potential to hurt real voters
across the country whether it's soybean farmers in Indiana who are already
starting to feel the consequences of this so my question for the president is
when he starts to hear from these states from senators in the Republican Party
who are up for reelection or other members of Congress that the tariffs are
hurting the voters back at home will that change his calculation because the
president's whole theory of the case is if he puts these really tough tariffs on
these other countries will come and negotiate and make better trade deals
but we haven't seen any evidence they're willing to do so so that president's
playing hardball we have no new trade deals in place and meanwhile there's
great economic news as you mentioned sure that has the potential to be
undercut in people's paychecks and wallets if the tariffs continue for some
time it's a political question at some point not just an economic one for the
president okay well the president Dana has been you know pretty steadfast on
his talking points in about the economy about the tariffs that he feel there was
unequal bargaining between the United States and China has been in place
pretty much for you know about 40 years where these have had these discrepancies
where it feels like we have had sort of a disadvantage that we've been operating
on and so he's trying to correct that I'm what do you think about the timing
and the impact on the economy well I keep thinking that every morning we'll
wake up and find out Oh everything's solved and it was a big agreement
overnight and everything's fine looks like that's not going to happen the
other thing is there's a piece in The New York Times today that reiterated the
president floating that idea at the g7 that why don't we just take all the
tariffs off mm-hmm and heed full nur of the Heritage Foundation say that we'd be
for that and I'm like well actually go with that why don't we try that with our
allies he's gonna see most of them next play anyway whatever goes to the NATO
meeting I do think it has the potential to hurt people it takes a long time to
build market share especially if you're a farmer or soybean farmer or a cattle
rancher and it takes a while and it can be undone pretty quickly that's why I
hope that it gets done but one of the reasons that we have a trade deficit is
that we are a pretty wealthy country and we like to buy cheap things and China
makes a lot of cheap things that we like to buy and I
think that a little bit of this is turned on its head the other thing I
would say is the president's about to embark on an 11 day foreign trip yes
he's got a lot of great opportunities but it's also fraught with a lot of
challenges because my rule is every time a president goes on a foreign trip
something major happens at home yep so on Monday night he'll announce his
Supreme Court pick and then he'll be off and he'll go and he'll let the White
House and the Senate try to work on that nomination and he'll be out out out of
the country I think that's actually a pretty smart strategy but then always
something else happens at home nobody knows what it's gonna be okay so we'll
see we're gonna look for that and hear about it first on the daily briefing two
o'clock for sure hello Tyrus hello he's so nice to have you back again for
another day easy to be here yeah look we have a saying where I'm from it's called
break bread or play dead and that's what we're doing with China we have the high
ground they need us more than we need them and they've enjoyed a pretty good
run of getting a benefit of making a lot of money of our expense here's that he
knows he's got four aces in his hand China knows he's got four he's in his
hand they're going to and on top of that the economy is great and in fact Wall
Street shook it off and just kept going with the new jobs so there wasn't a big
like was it uh my dear colleague Richard's like wait till midnight and
those tariffs come in is another one of those horror movies that's coming that
never actually come midnight it's in trouble we have time our economy is good
our jobs are good China has a lot of exports so they need us so this was a
good move and let's just be patient and see what happens yeah it's not only a
trade policy but it's a national security strategy with China because
when we brought them into the WTO they abused the system they dumped all these
cheap goods into the United States they manipulate their currency they don't
allow for an investment they restrict that very forcefully and they're
building up their Navy big time so all we're saying is listen you know we need
to contain China and we've got to have our allies in order to contain China and
protect us workers because you know ever since China got into the WTO
the American blue collar men and women who work a lot of long hours in this
country have gotten hammered the wages have gone down and the jobs have left so
Trump came in to protect those people one of the ways to do that is to contain
the rise of China they're a big global threat there's gonna be a big clash of
the great powers eventually and I would disagree with Marie you said that you
know the our allies and the people that we've been you know doing these little
terra fours with haven't really done anything
South Korea caved on autos and steel deal with them no New Deal no they're
allowing more imports of US autos in your country and they drop to tears no
they're renegotiating current deals right now the France has agreed to pay
more for the NATO costs Germany Angela Merkel said the other day didn't get
picked up but she's willing to drop Auto tariffs - and the u EU and Japan have
now come in and encircled China within the WTO along our side so I think he is
moving the needle on that but there are no trade deals that we've seen put into
place he pulled out of TPP he's threatening to blow up NAFTA and none of
these other countries that stepped up bilaterally and said we wanted to a
trade deal with you instead and look like - I think it's gonna take a very
long time average men and women you're talking about the blue-collar Americans
they're the ones that are most hurt by a lot of these tariffs people in the
Midwest in places like Indiana and Missouri and we're concerned about so
there might be some short-term pain I agree with that but but is this
short-term pain going to get us to a better trade policy in the end of the
day it's the strategy that most economists across the political spectrum
don't think well I think most economists said a lot of great things were going to
happen with a lot of the other trade deals a lot of jobs left the country and
he's got 200 billion in new tariffs ready to go as well Dina do you have
another comment not really I mean I think a lot of these numbers get thrown
around and it's like with the WTO the United States wins 89 percent of the
cases that it takes to the WTO yeah can we get to 100 percent wins
maybe I mean China is not innocent here by a long shot and especially when it
comes to intellectual property theft yep and the technology companies they
absolutely should be called on for that but I think that the place to do this
would be with our allies with NATO but again even that still is like you giving
NATO a bloody nose on the way to a better trade deal I don't know I mean
maybe it'll all work out I'm hopeful okay so data is optimistic with her
sunny side up what are you positive like I'm patient I play poker
I got like two three apps on my phone I got no problems
okay I do the patients at the plate I wait for the full sample wait for my
pitch I love when it's like three two and the pitcher sweating me and I might
you should sweat trying to sweat yeah I sweat all right
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