It’s very clear at this point that Trump likes tariffs: Jon Hilsenrath

It’s very clear at this point that Trump likes tariffs: Jon Hilsenrath


>>REPORTER: .>>REPORTER: YES, EXACTLY. MARIA: JOINING US NOW, JOHN HILSENRATH. GOOD MORNING TO YOU. WHAT STRUCK AS FAR AS THE DEBATES LAST NIGHT OR HEADLINES COMING OUT OF OSAKA, WHAT’S STRIKING YOU THIS MORNING?>>I’M FOCUSED ON THE TALKS BETWEEN PRESIDENT TRUMP AND PRESIDENT XI OF CHINA. THERE’S A LOT AT STAKE. I THINK IT’S CLEAR AT THIS POINT THAT THE IDEA OF A BIG BREAKTHROUGH, A DEAL HAPPENING RIGHT NOW IS PRETTY LOW. IT’S STRIKING TO ME THAT GOING INTO THE MEETING, THE CHINESE ARE BASICALLY RAISING THEIR DEMANDS BY PUTTING HUAWEI ON THE TABLE AND SAYING THAT WE HAVE TO REMOVE OUR EXPORT BANS ON HUAWEI FOR THEM TO DO A DEAL. SO THEY’RE BASICALLY INCREASING THEIR DEMANDS GOING INTO THIS CONVERSATION. I THINK THE BEST THAT WE CAN EXPECT FOR THE TWO SIDES IS TO AGREE TO START TALKING AGAIN. THEY STOPPED TALKING IN APRIL WHEN THE U.S. FELT THAT THE CHINESE BALKED AT WHAT THEY AGREED ON. MAYBE THEY START TALKING AGAIN. MAYBE THEY SET A DEADLINE TO REACH A DEAL LATER IN THE YEAR. MARIA: THE PRESIDENT, WHEN HE JOINED ME EARLIER THIS WEEK, WAS NOT BACKING DOWN AT ALL. WHEN I SAID LOOK, DO YOU HAVE A PLAN B IF PLAN A DOESN’T WORK OUT IN TERMS OF A DEAL WITH CHINA. HE SAID YEAH, PLAN B IS PLAN A AND THAT IS TARIFFS. AND HE SAID BY THE WAY, IT DOESN’T HAVE TO BE 25%. HE THREW IN LET’S DO 10%. SO HE’S ALREADY THINKING ABOUT HOW HE’S GOING TO APPROACH THIS 32 $325 BILLION IN REMAINING GOODS COMING IN FROM CHINA AND SAYING LOOK, I NO PROBLEM WITH 10%.>>I THINK IT’S CLEAR AT THIS POINT THAT THIS PRESIDENT LIKES TARIFFS. HE THINKS IT HITS BACK AT AMERICA’S TRADE COMPETITORS. AND HE SEES IT AS A SOURCE OF REVENUE FOR THE U.S. GOVERNMENT. HE SAYS ALL THE TIME, THIS IS BRINGING IN TENS OF BILLIONS, HUNDREDS OF BILLIONS OF DOLLARS INTO THE U.S. TREASURY. I THINK THAT HIS POINT OF VIEW IS THAT HIS FALLBACK PLAN IS SOMETHING THAT HE LIKES, WHICH IS INCREASING TARIFFS. MARIA: I KNOW YOU DON’T LOVE THIS, DAGEN, BUT YOU KNOW, BOTTOM LINE IS THE PRESIDENT OF CHINA COMES IN LAST NIGHT WITH ALL OF THESE DEMANDS, LIFT THE BAN ON HUAWEI, TAKE AWAY PUNITIVE TARIFFS. I DIDN’T THINK THAT WAS GOING TO GO WELL WITH PRESIDENT TRUMP. DAGEN: THEY’RE USING HIS NEGOTIATING TACTICS. YOU TAKE THE HARDEST POSITION POSSIBLE. I SAID THIS YESTERDAY, IT SEEMS LIKE CHINA IS SAYING TO THE U.S., THIS IS SQUARE ONE. WE’RE STARTING ALL OVER AGAIN. JOHN, TO YOUR POINT, THE PRESIDENT LOVES TO BRAG ABOUT THE MONEY COMING INTO THE U.S. TREASURY. LET’S SAY WHAT THIS IS. IT’S A CONSUMPTION TAX OR VALUE-ADDED TAX THAT FALLS ON AMERICAN COMPANIES OR IMPORTERS HERE AND ON CONSUMERS. AFTER WATCHING THE DEBATE LAST NIGHT, THAT’S SOMETHING YOU WOULD EXPECT OUT OF THE MOUTHS OF A DEMOCRAT.>>IT’S INTERESTING, WATCHING THESE DEBATES AND LISTENING TO THIS TALK ABOUT — THE PRESIDENT TALKING ABOUT TRADE. THERE ISN’T A TOTALLY FREE MARKET CANDIDATE IN THIS 2020 ELECTION. AT LEAST WHEN YOU’RE LOOKING AT TRADE, THIS PRESIDENT IS NOT A FREE MARKET GUY. HE BODIES A AGREE WITH — HE WOULDDISAGREE WITH YOU ON THE QUESTION OF WHO WOULD GET TAXED WHEN TARIFFS ARE IMPOSED. HE WOULD SAY TARIFFS ARE HITTING THE CHINESE, THERE’S A LOT OF DISAGREEMENT ABOUT THAT AMONG ECONOMISTS. I THINK WHAT HAPPENS REALLY IS WHEN WE PUT TARIFFS ON, IT FEEDS LIEU THROUGH A ACROSS THE SUPPLY CHAIN. SOME OF IT MIGHT HIT CHINESE PRODUCERS. SOME OF IT DOES FEED INTO U.S. CONSUMERS. MARIA: I’VE GOT TO PUSH BACK ON THAT, TO SAY THAT THE PRESIDENT IS NOT A FREE MARKET GUY, YES, TARIFFS OR NO TARIFFS, HE HAS BEEN SHOWING REAL FREE MARKET POLICIES AND HE WANTS TO SEE COMPETITION AS WELL AS LOWER TAXES MOVE THROUGH THIS ECONOMY. SO, YES, YOU’RE RIGHT, HE LIKES TARIFFS BUT TO SAY HE’S NOT A FREE MARKET, I’VE GOT TO PUSH BACK ON THAT.>>ON TRADE, I DON’T THINK — ON TRADE, I DON’T SEE HOW YOU COULD ARGUE THAT, BECAUSE WE HAVE TAKEN A VERY AGGRESSIVE STANCE ON PUTTING UP BARRIERS FOR TRADE. DAGEN: THE PRESIDENT — HE’S ANXIOUS TO GO AFTER EUROPE NEXT. HE SAYS EUROPE IS WORSE THAN CHINA.>>I THINK WE’RE MISSING THE POINT. WHY DOES HE USE TARIFFS? IT’S THE ONLY TOOL HE HAS TO STOP THE UNFAIR TRADING PRACTICES. DAGEN: THAT’S NOT NECESSARILY TRUE. WE COULD ARGUE FOR DAYS AND WEEKS AND MONTHS AND YEARS ABOUT THAT, GOVERNOR.>>I THINK HE’S A FREE TRADER. I THINK HE BELIEVES THAT AMERICA HAS BEEN GETTING THE SHORTENED OF THE STICK AND HE’S GOING TO USE THE STICK AGAINST THE PEOPLE WHO CHEATED AND ROBBED US AND MADE IT HARD FOR US AND THEY’VE DONE NOTHING IN TERMS OF ENVIRONMENTAL CONCERNS BUT WE’RE HAVING TO PAY THE PRICE. MARIA: WITH CHINA, HE COULD HAVE DONE SOMETHING TO ZTE AND MAYBE HUAWEI SOONER. DAGEN: YOU RAISED THIS ISSUE WITH HIM, YOU COULD HAVE STAYED IN THE TPP, COULD HAVE LOCKED ARMS WITH ALL OF YOUR OTHER ALLIES. MARIA: IT WOULD HAVE BEEN A DISASTER, HE SAID. DAGEN: EVEN SOME REPUBLICANS SAY IT WOULDN’T HAVE BEEN A DISASTER AND WOULD HAVE HELPED US TAKE ON CHINA WITH THE REST OF ASIA. IT WAS DESIGNED TO TAKE THE POWER AWAY FROM CHINA. JOHN, THE PRESIDENT, IF HE WANTS TO GET REELECTED NEXT YEAR, HE’S COUNTING ON A STRONG ECONOMY AND RIGHT NOW BASED ON A LOT OF MEASURES IT IS STILL INCREDIBLY L HEALTHY. BUT HE SEEMS TO BE COUNTING ON THE FEDERAL RESERVE TO, LIKE, STEP INTO THE FRAY AND HELP THE ECONOMY OUT WITH MONETARY STIMULUS AS HE FIGHTS THESE TRADE BATTLES.

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About the Author: Oren Garnes

100 Comments

  1. Free Trade??? When It's have been Free for the USA?? Are you guys China supporters now?? Made in the USA not China,period!!😏

  2. America needs to stay strong, firm against Chinese,good agreements,good deals or no deals at all,fair trade that's the key to move forward for a better future ahead.

  3. 10% tariffs about time i like it, we got hurt china, move factories back home and other developing countries.

  4. no it doesn't fall on people because they de value their currency so the products stay the same, you guys don't understand economics. he is protecting us because china is eating our lunch. this is smart.

  5. TRUMP TARIFFS!! THANK YOU, MARIA BARTIROMO QUIT, HAVING THESE WHINEY, CRYBABY
    SPOILED CHILDREN ON YOUR SHOW!! JON AND ELLE MAE- CLAMPET NEED TO GO!! TGForTRUMP

  6. TARIFFS ARE BETTER THAN. GUNS BOMBS AND WAR. PUT PRESSURE ON MONEY AND POWER TO STOP THE FLOW AND THESE POLITICIANS WITH SUCUMB. ONLY WAY TO GET THEM BY MONETARY THREAT. THAT IS WHAT WILL GET EVRY ONE POLITICIANS. THEY ARE IN IT FOR MONEY AND POWER NOT PEOPLE.

  7. Is she mad? President Trump is not counting on the Federal Reserve to do anything and anything they do is in opposition to what he is trying to do (which is not only working, but working better than expected).

  8. The Chinese were the ones who stopped talking and it was because Canada arrested one of their diplomats 🇨🇦 and president Trump wouldn't intervene 🇺🇸
    Canada is the United States closest true Allie … Europe is flighty and filled with progressive communist socialists 🇪🇺 Britain is arrogant and still hates that we took America away 😇
    ✝ 🇺🇸 🦅 🗽

  9. Change is never easy especially with world markets when it’s a black mold mess out there. President Trump is a Strategist and he’s patient. I once questioned his game .. no longer. President Trump is solid, and where he goes I go. 🇺🇸 re-elect President Trump or sink into darkness.

  10. Are these people stupid or something the tariffs are all about bringing jobs back to America bringing companies back to America .& You cannot have free trade with the government of China they are cheating lying stealing piece of s*** 👆 you stupid people who do not see the big picture

  11. Down with Communist China, boycott everything from China!! Absolutely No China!! Build here & buy here, buy American products. Hide American worker. Trump is Always American First!! 💕🇺🇸👍💕More tariff on China 👍🇺🇸👍 President Donald Trump 2020!! 💕🇺🇸👍💕 America & American First 💕🇺🇸👍 God Bless President Trump!! 💕🇺🇸👍

  12. I cannot stand that moron. She acts like shes a Republican. Another weak Republican on TV bashing Trump. Yea Trump was given a disaster as far as how China was robbing the hell out of us. Along with stealing our intellectual property. We rebuilt china. Trump is using the only thing we can use and its working because there economy is sinking fast. Companies are leaving that country because of the tariffs they have to pay out of China.

  13. Trump knows what hes doing. The train of thought that led to America being the suckers in trade is being changed

  14. I don't know these people's names but that long haired lady is frankly, an idiot. This is a trade war that substitutes for a real war. Real war=dead people. Trade war=lower dividends. Simple equation when you honestly understand that war is a real possibility. But then I'm sure Fox has some heavy hitting financial backers that like the lady's BS.

  15. It is about time we stop depending on other countries to such a point where we are expendable to global non-American Corporations. China and the Middle East are strong-arming us.

  16. But the USA is not happy with other countries imposing higher trade tariffs in response to the USA's trade tariffs.

  17. its not hard to figure out hes just making sure its fair before we do buisness,,,,by all right they owe us ,hell were just asking to be fair from here on out nothing more we aint screwing them they been screwing us,,,,you all dont have good ideas nobody has exept trump,,,hes got are back just support him,its a good thing

  18. Losers only know how to lose. Trump is trying to do what no one else has the balls to do. The US lost on trade a long time ago.

  19. Hahahaha! Chinese Communist lied again!! He said about ping-pong business!! Hahaha!! You are so silly and so easy people!!!

  20. it's pretty simple: no tariffs either way, free access to markets both ways, not just one. But China wants asymmetry.

  21. "Do you think the US must make an official apology to the victims of the bombing of Hiroshima and Nagasaki in 1945?"

  22. FACT CHECK ( DOW JONES INDUSTRIAL HAS RECORDED THE BEST EVER JUNE IN 81YRS/IT SPEAKS FOR ITSELF!!!!

  23. Chinese garbage is harmful for the health of our children… pay cheap but you may be harming your self and your family

  24. We love fair trading, & due to the LACK THEREOF IT'S IMPORTANT FOR THE US of A TO TARIFF THE SHI* OUT EVERY COUNTRY THAT DOESN'T TAKE OUR PRODUCTS & OVER CHARGES THE US of A !!!

  25. American consumers pay for tariffs; mind you. It’s a tax on Americans. The group were flabbergasted on the “Chinese demands” but look at what Trump has agreed today. Maria and the white man are crazy.

  26. President Trump differentiates himself from other leaders. That is why he excels. He is a performer. The rest are underperformers. Underperformers are threatened by performers.

    This guy, Jon Hilsenrath, got his understanding of tariffs and free market all wrong. Of course Pres Trump is a free market guy having worked with proven track record of success in the free market economy all his life. When Pres Trump uses tariffs, it shows that he is a ferocious negotiator. You must be clear about that distinction and refrain from criticising the President just because he is Trump. It reflects on your infantile stupidity when you remarked that this President likes tariffs. You are not up to the calibre of a President.

    God guides us into capitalism of free enterprise which is the spiritual genetic or DNA of America. The reason why Socialism and Communism don’t work is they are a rebellion against Genesis 3:19. Socialism and Communism are built on the wrong human nature. People will work hard for the benefit of society. They will work hard if they think they themselves can work hard.

    Socialism is OPM always runs out on “other peoples’ money.” You run out of rich people to tax. The consumers outweigh the producers. The incentive to start a business is destroyed in Socialism. Economic growth is stagnated in Socialism. You wonder why people keep trying this all over the place. It will never work because it rebels against God’s Word in Genesis 3:19.

  27. Governor you are right. Congress is not backing him and this is all he has to fight with. GO MR PRESIDENT.

  28. So what if he likes tariffs? It works better than going to military conflict. China's been skinning the corrupted and DUMB for many years now..allover the world. People must learn to eat it for a while.

  29. I like tariffs as well. It's a preferable bargaining tactic to physical conflict and fortunately for America you play by the Golden Rule, he who has the gold makes the rules

  30. This women look like a night lady with long hair…………. Everything is going good and yet everyone up they is putting Mr Trump down .these people are happy went they have money in there hand …

  31. Your President wont let your economy and his businesses get down. Let him do his job and let your people have the jobs that they deserve.

  32. I like the fact that President Trump cut the funding to the countries in south america that take our money and dont help their people. We need to cut more foreign aid to a lot more countries. We also need to cut all federal funding for sanctuary cities in the US. All states who issue drivers lic. for illeagles should be removed from the voting process. No one with out permanant legal statis in the US should ever be alowed to vote.

  33. Ask for all of Clinton’s e~mails China hacked along with all others. An then we’ll talk. Pass that on.

  34. What Fox is doing is bringing FAKE NEWS talking points to their platform without informing their audience of all benefits of Tariffs. Tariffs also bring Jobs back to the USA. Tariffs also keep money in the USA that would have left the USA. A dollar spent in the USA goes around through the economy several times so Understand 500,000,000 is equal to 5,000,000,000 or more in additional spending in this the USA. (Good for the USA economy) The whole global economy outside of the USA is in recession. The USA still has a vibrant economy.. Because Fox can not find an economist that will tell Fox's viewers these vary simple facts and more is why I label FOX News FAKE NEWS.

  35. This is the definition of fake news the tariff was always been 10% and trump wants 25% and the Chinese refused .
    Now he awakened the Chinese to be independent with everything they get from other countries now they will be building their own products.

  36. JFK jr. lives and will be 2024 New Democrat Party Nominee. No one saw Bin Laden body dumped by Navy. And no one saw Jr. & wife body dumped into water either.

  37. A small text so that America can bring back its infrastructure and bring back its manufacturing is worth it. If you want to save a couple pennies and have things come from China and say goodbye to your country it shows you're not a patriot

  38. hold on guys, …. permanent tariffs are indeed hidden in the globalist trade agreements. when you get out of globalism to trade in a bilateral way things are transparent and tariffs are a good tool for both countries. we have to resource to tariffs, otherwise china would eat the us in one bite …

  39. Sadly, it's not the Chinese that are the true threat to the American worker or our country. The same US brands, we Americans support everyday tossed out American workers 20 plus years ago for cheap labor to further enrich themselves. Of course they dump their cheap products into the American market without penalty which creates an enviroment for no domestic industry to compete. Who would support such one sided policies that only benefit the corporations. The same people elected,( joke) to represent the American people. Remember what you're really paying for when you spend.

  40. It’s crazy prior president made these deals to begin with. They have been ripping us off for so long that they’ve become dependent on it. If China can sell stuff in America then we should be able to sell stuff in China. It’s insane how they have fractions of the government that does nothing but steal are intellectual property

  41. Economists are a lot like foreign policy wonks. They learned way back in college that tariffs and the pursuit of American self interest in the world are bad so they reflexively oppose that concept in operation without fully considering that Trump is mostly giving the countries involved a taste of their own medicine.

  42. Tax breaks for the wealthy and tariffs for the rest of us to pay! Love the economics if you are the top ten percent.

  43. Most of the world can't compete with China about wages and should ban together to force China to follow wage rules. But no, let's trash our President and undermine the good he's trying to bring to the table. No news station ever did this to Obama because he threatened to never give then another interview to them. He'd rake them over the coals, and no one was the wiser. Let's rake our president over the coals. Shameful, just like Helsinki was.

  44. Typical family income tax cut $780. Typical family cost increase due to China tariff tax $820. Trump let millionaires keep their tax cuts but he took back the tax cuts of the typical family.

  45. CREO QUE TRUMP NO DEBE BAJAR LA GUARDIA ANTE LA AMENAZA PUTINIANA .LOS LIDERES PUTINIANOS FUERON A ESA REUNION CON EL PROPOSITO DE MANIPULAR LA MENTE DE LOS PENDEJOS DEL G20 EN CONTRA DEL DOLAR Y EN FAVOR DE LA DESTRUCCION DE USA.. USA NO PUEDE HACER NINGUN ACUERDO FAVORABLE A CHINA PUTINIANA NI A DAR TIEMPO A QUE LOS PUTINIANOS HAGAN SU JUGADA Y DE ESA MANERA PERJUDICAR A USA EN LOS DIFERENTES PAISES DEL PLANETA TIERRA …LOS PUTINIANOS ESTAN CASI ATRAPADOS EN SU PROPIA MALA FE Y COMO YA SABEMOS LOS DIABOLICOS PLANES DE XI Y PUTIN PUES NO LE DEMOS CHANCE ES EL MOMENTO DE CONTINUAR CON SABIDURIA Y SIN PERDER EL TIEMPO HASTA LA TOTAL DESTRUCCION DE LAS ECONOMIAS Y DE LAS MONEDAS DE LOS PUTINIANOS ..ESTE PLANETA NO NECESITA DICTADORES .C.Ñ..

  46. Tariff today turns out to be a tax on some of the richest people, chinese communist oligarch and corporations, eg Apple. Something the Dems demand.

  47. Huckabee is right. Trump is using the only tools available. I believe he wants ‘real’ free trade meaning FAIR trade.

  48. It's just a big con. Trump and China are making billions and billions off the tariffs while each American is paying $800.00 a year.

  49. Fox still promotes neoliberal rackets…the trickledown weapon.
    Tariffs are not absorbed by untaxed trillionaires and billionaires? Just seize their assets, stolen through slave labor and devades of market crime…take the psychopaths stolen wealth.
    Americans NEVER endorsed fascist slave labor nwo market crime…it is cabal Trilateral Commission SES crime.
    Reps and dems NEVER voted to have intl psychopaths untaxed, while our homes and earnings are taxed…FOX still pretending that reps and dems endorsed labor and industrial economic treason…THAT WAS BRZEZINSKI-GREENSPAN UNELECTED CABAL RATS' DESTABILIZATION PROGRAM.

  50. 100% tariff. Would raise more serious money. Helps balance the deficits in the near term and over the mid term increase investments in other countries to sell to the US

  51. If China President Xi doesn’t want any country to bring up or mention anything about. Hong Kong , then why even show up , every Country should had brought the subject Hong Kong 🇭🇰

  52. Its clear Trump has never had to pay his debts and enjoys losing other peoples money.
    Now our tax dollars.

  53. these economic pundits remind me of the southern politicians during the civil war who didn't want to give up the golden goose, known as a slave economy. China can beat any economy they want to, if given the freedom to do what they want. they decimated our economy under Obama and many who came before him. who wouldn't want to invest in a country that completely controls production. Maria, have the guts to bring on the economist who support tariffs. don't expect us to believe they don't exist.

  54. Just a propagandist who doesn't consider the fact that there's 45% tariff on vehicles entering China from the US and that's the great deal that Obama got with us and his lying crony Biden and his crackhead son. They say fox isn't biased but obviously they are. And they're pandering to the oligarchs wallets. But then that's who pays them.

  55. Morons. The American shoppers pay the tariffs, not China and Trump knows you're all morons and don't have a clue whats going on. 40 Billion has been raised in tariffs ( taxes ) on goods coming into the United States.

  56. Most of the Americans are too dumb to realize those tariffs are paid by american companies. On the other hand, america companies like nike, apple etc made 380billion in 2018 alone in China. The tariffs would be a direct hit to American companies if the Chinese choose to implement them the same way.

  57. Next time one of these Free-Traders comes up, ask them to cover for the US trade deficit from their own pockets. If they balk, you know they're cons. Free-Traders who talk of providing value for taxpayers are even bigger cons.

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