>> 'S A NEW REPORT THAT
DEMONSTRATES PRESIDENT TRUMP IS
SUCCEEDING IN MAKING CHINA PAY
FOR MOST OF THE TRADE TARIFFS.
EUROPEAN RESEARCHERS SAYING
AMERICAN CONSUMERS AND COMPANIES
ABSORBING ONLY FOUR AND HALF% OF
THE TARIFFS OF THE 25% IMPOSED
ON $250 BILLION OF CHINESE
GOODS.
THE REMAINING ARE BEING PAID BY
CHINA.
JOINING ME TO TALK ABOUT THE
TENSE U.S. CHINA RELATIONSHIP I
ONE THAT DOESN'T SEEM TO BE
IMPROVING, GORDON IS WITH US.
GOOD TO HAVE YOU HERE.
WELCOME BACK FROM TOKYO.
GOOD TO SEE YOU.
LET'S START WITH THE TARGETED
TARIFFS THE PRESIDENT HAS
IMPLEMENTED AND MORE TO FOLLOW
IF THE CHINESE DO NOT COME TO
THEIR SENSES.
THIS HAS TO SHOCK PLACES LIKE
GOLDMAN SACHS AND THE
ESTABLISHMENT FORCES LOBBYING
AGAINST THESE TARIFFS.
YOUR THOUGHTS?
>> ALL THE SMART PEOPLE HE TALKS
ABOUT HOW THE AMERICAN CONSUMER
WOULD BE THE ONE PAYING FOR THE
TARIFFS ARE WRONG.
IT'S BECAUSE THE ADMINISTRATION
PICKED OUT THE AREAS WHERE THERE
WAS A LOT OF ELASTICITY.
>> THERE GOES GORDON USING
ECONOMICS.
VERY PEOPLE
VERY FEOPLE
VERY FEWPLE
VERY FEW PEOPLE TALK ABOUT THE
ELASTICITY OR THE ABILITY TO
SUBSTITUTE GOODS OR DELAY
PURCHASING BASED ON PRICE.
>> WHEN YOU LOOK AT THE BROADER
PICTURE OF WHAT THE TRUMP
ADMINISTRATION IS DOING, HE IS
ENCOURAGING SUPPLY CHAINS TO GET
OUT OF CHINA.
THAT'S IMPORTANT BECAUSE THEY
ARE HELD HOSTAGE BY BEIJING.
WHENEVER THEY GET UPSET ABOUT
SOMETHING THEY GO AGAINST OUR
COMPANIES.
>> AND SOMETIMES WE USE THE WORD
SUPPLY CHAIN IS USED TOO
LIBERALLY WHEN REALLY THE
WORLD'S PRODUCTION OF PRODUCTS
IN CHINA.
AND A DEPENDENCE UPON CHINA FOR
THAT PRODUCTION.
THAT HAS GOT TO CHANGE
OBVIOUSLY.
OTHER THINGS HAVE TO CHANGE,
ONE, IT'S A COMMUNIST GOVERNMEN
GOVERNMENT, THEY HAVE COLONIAL
AT TIMES BUT CERTAINLY IMPERIAL
IMPERATIVES WITHIN THEIR FOREIGN
POLICY.
THEY SEEM TO BE SHOCKED THAT
AMERICAN PRESIDENT WOULD RESIST
AS THIS ONE HAS.
>> FOR MORE THAN A DECADE THEY
HAVE BEEN DROPPING HINTS THAT
CHINA IS THE WORLD'S ONLY
SOVEREIGN STATE.
WHAT HE SAYING IS THAT
AMERICANS, JAPANESE, WHATEVER
ARE JUST MERE SUBJECTS TO THE
GREATER GLORY OF THE CHINESE
COURT.
THOSE TRADE THAT WE HAVE, OUR
FACTORIES IN CHINA ARE PRODUCING
PROFITS THAT THEY'RE USING TO
PUT INTO THE MILITARY TO FIGHT
AMERICANS.
THERE IS A LONG CHAIN.
CHINA NEEDS AN ENEMY AND THEY
HAVE IDENTIFIED US.
>> WE SHOULD OF BEEN TOO HARD TO
SPOT, WE ARE THE ONLY SUPERPOWER
IN THE WORLD.
THIS IS A COUNTRY UNDER THIS
PRESIDENT THAT IS NOT
RECOGNIZABLE TO THE POWER
STRUCTURE.
>> ONE THING PRESIDENT TRUMP HAS
DONE THIS YEAR'S TAKEN ACTIONS
TO DEFEND THE AMERICAN ECONOMY.
CHINESE LEADERS DON'T HOW TO
DEAL WITH IT.
THEY TRY TO TALK WITH HENRY
KISSINGER FOR THE HEADS OF
FINANCIAL COMPANIES.
>> WALL STREET HAS BEEN CARRYING
OUT WITH THE VICE PRESIDENT
REFERRED TO AS LOBBYING
EXERCISE, CALLING WALL STREET
PARTICIPATING IN THE CHINESE
CALL FOR DISCUSSIONS ON
REGISTERED FOREIGN AGENTS.
THAT'S WHAT THEY ARE.
KUDOS TO THE VICE PRESIDENT FOR
SAYING THAT THE WAY IT IS.
>> WE SAW THAT SEPTEMBER 16
MEETING BEFORE THE MIDTERMS.
THE CHINESE WERE TRYING TO USE
THE HEADS AGAINST THE UNITED
STATES AND IT DIDN'T WORK.
>> IT HASN'T WORKED SO FAR
BECAUSE THE CEOS DIDN'T TAKE
THEM UP ON THE OFFER.
BUT THEY DISPATCH THEIR MINIONS
IN SOME CASES FROM THE SEED
LEVEL OFFICES OF THEIR BANKS AND
FIRMS.
THIS IS AN UGLY THING WERE
WATCHING.
WERE WATCHING PROPAGANDA BEING
ORGANIZED AGAINST THE
PRESIDENT'S POLICIES.
WATCHING THE ESTABLISHMENT TRY
TO SUBVERT THE PRESIDENT'S
POLICIES ON CHINA IN
INTERNATIONAL TRADE.
THE IDEA THIS STUFF THAT HAS
BEEN CIRCULATING FROM THE
ESTABLISHMENT WHETHER SAID
CHAMBER OF COMMERCE, WALL
STREET, WE NEED QUICK WINS AFTER
THE MIDTERMS.
THE PRESIDENT HAVE US A QUICK
WIN.
HE WON THE SENATE.
HE IS ACCOMPLISHING MORE NOW
THEY WANT TO TRY TO TALK THEIR
WAY AND INSINUATE THEMSELVES
INTO THE ADMINISTRATION AND GET
HIM TO DILUTE OR ABANDON
POLICIES THAT ARE CERTAIN TO BE
EFFECTIVE.
>> THE MOST IMPORTANT THING IS
THE TARIFFS ARE IMPOSED UNDER
SECTION 301 OF 1974.
THE NSA LAST WEEK CAME OUT WITH
A REPORT THAT SAID CHINA'S THEFT
OF U.S. IP HAS INCREASED.
WE SAW THAT REPORT.
>> WHEN DID YOU HEAR OF A FRONT
COMPANY BEING SHUT DOWN BY THE
FBI OR ANY INTELLIGENCE
OPERATION.
YOU HAVEN'T.
WE KNOW FOR YEARS THEY HAVE BEEN
OPERATING THOUSANDS OF FRONT
COMPANIES WORKING THROUGH
UNIVERSITIES AS WELL, TO GATHER
INTELLECTUAL PROPERTY BY THE
HUNDREDS OF BILLIONS OF DOLLARS
THEY STEAL EVERY YEAR.
>> WE JUST GOT THE WORD THAT --
WAS STOLEN BY THE CHINESE, JUST
ONE THEFT IT WOULD SCREEN ACROSS
THE BOARD.
>> IN THESE IDIOTS, THEY ARE
TRAITORS TO THE UNITED STATES.
EVERY ONE OF THESE PEOPLE TRYING
TO REVERSE THE PRESIDENT'S
POLICY ARE BETRAYING THE COUNTRY