LOOK AT WHAT.
OH, IT WAS A LITTLE DOUBLE ON
THERE.
WE'RE GOING TO CHECK IN WITH
JEFF IN JUST A MINUTE TO SEE HOW
THAT WENT BUT SO HE ASKED ME
THIS QUESTION EARLIER.
THESE TWO ITEMS LET'S PUT THEM
UP ON THE SCREEN AGAIN.
BETWEEN THESE TWO A MERCEDES
BENZ A350, OH, I WANT THAT,
CONVERTIBLE AND THEN ON THE
RIGHT A CELL PHONE FROM CHINESE
COMPANY ZTE THAT THE U.S.
GOVERNMENT SAYS DOES
BUSINESS IRAN AND NORTH KOREA.
WHICH ONE POSES A BIGGER THREAT
TO OUR NATIONAL SECURITY?
WELL THE ANSWER MIGHT BE PRETTY
OBVIOUS TO OUR VIEWERS BUT THE
TRUMP ADMINITRATION IS STARTING
TO FEEL OTHERWISE.
AT THE PRESIDENT'S DIRECTION,
OFFICIALS HAVE INVOKED NATIONAL
SECURITY AS A RATIONALE FOR
PREPARING TO SLAP TARIFFS ON
FOREIGN CARS, COMING INTO THE
U.S. , LIKE MERCEDES.
ON THE OTHER HAND, THE
ADMINISTRATION AND REPUBLICAN
MEMBERS OF CONGRESS HAVE EASED
PENALTIES ON CHINESE TELECOM
INTERNATIONAL LAUGH AND
DIPLOMACY.
WHICH ONE IS MORE DANGEROUS TO
THE NATIONAL SECURITY?
>> WELL YOU'RE RIGHT LIZ THAT
MERCEDES BENZ DOESN'T POSE ANY
KIND OF DIRECT THREAT TO
AMERICAN NATIONAL SECURITY.
WHICH WAS DESIGNED TO PROTECT
INDUSTRIES THAT WERE REALLY
CRITICAL TO NATIONAL SECURITY,
WHERE WE COULDN'T GET THOSE
MATERIALS SOMEWHERE ELSE, AND
PRESIDENT TRUMP IS USING THAT
ANYTHING HE DECIDES AND THERE'S
A LAWSUIT THAT HAS BEEN BROUGHT
GIVE YOU THAT POWER AND IF IT
DOES IT'S UNCONSTITUTIONAL
BECAUSE THE POWER TO DECIDE
TARIFFS BELONGS TO CONGRESS, SO
THERE'S A REAL QUESTION IN THE
UNITED STATES LAW AND THEN
THERE'S A QUESTION WHETHER WE
CAN CHANGE OUR TARIFFS AND STILL
COMPLY WITH WTO LAW WHERE WE
AGREED TO KEEP OUR TARIFFS AT A
CERTAIN LEVEL.
LIZ: PEOPLE LOOK AT THE LEVEL OF
COMES FROM OUT OF THE COUNTRY,
EUROPEANS ARE CHARGING 10%,
PRESIDENT TRUMP SAYS FINE WE'LL
MATCH THAT OR GO HIGHER TO 20%
HAVING NOTHING TO DO WITH
NATIONAL SECURITY BUT FAIRNESS
BUT A LOT OF PEOPLE FORGET AND
WE CAN PUT IT UP ON THE SCREEN
THERE IS A LIGHT TRUCK TARIFF
THAT WE INVOKE, THAT WE TAG ON,
FOR ALL INCOMING LIGHT TRUCKS OF
25%, SO TO BE PERFECTLY CLEAR
ABOUT WHAT'S GOING ON, IT'S NOT
EXACTLY AS TRANSPARENT AS IT
LOOKS BUT WHEN IT COMES TO
INVOKING THE ISSUE OF NATIONAL
WHAT IF WE NEED STEEL FOR A WAR
MACHINE SITUATION THAT
EVENTUALLY COMES TO PASS?
>> THE STEEL MANUFACTURING
CAPACITY THAT THE UNITED STATES
HAS IS SUFFICIENT BY A MULTIPLE
TO PREPARE WHAT WE NEED.
THERE'S NO ISSUE ABOUT
AUTOMOBILES.
IT'S I BELIEVE IT'S A PRE-TEXT
AND IT'S AN ABUSE OF THIS
NATIONAL SECURITY AUTHORITY AND
BY THE WAY, THOSE EUROPEAN
TARIFFS OF 10% ON AUTOMOBILES
AND AS YOU SAY OURS ARE 25% ON
LIGHT TRUCKS WHICH INCLUDES SUV
'S THAT'S A BIG CATEGORY, BUT
THE AVERAGE EUROPEAN TARIFF IS 3
IS 3.3%.
THIS IS RECIPROCITY.
IT'S NOT EXACTLY MIRROR IMAGE
RECIPROCITY BUT IT'S RECIPROCAL.
LIZ: OKAY SO THOSE BMW SUV'S
THAT ARE KNOWN AS THE MOM JEANS
VERSION OF SUV, OR THE LEXUS
SMALL SUV, SO THOSE HAVE TARIFFS
COMING IN FROM OUT OF THE
COUNTRY?
>> THEY DID, BUT BMW MAKES ALL
OF ITS X5 IN SOUTH CAROLINA FOR
THE WHOLE WORLD MARKET BECAUSE
ABOUT 25% TARIFF.
LIZ: EXACTLY AND THEY EMPLOY
PEOPLE IN THE CAROLINAS.
ALL RIGHT, SO HOW DO WE GET FAIR
ER TRADE?
THAT'S WHAT THE PRESIDENT IS
TODAY THAT SAID TARIFFS ARE THE
GREATEST!
I THINK THAT HE'S REALLY TRYING
TO GEAR UP IN ADVANCE OF THE
MEETING WITH THE EUROPEAN UNION
HE'S SAID WE'LL RESPOND TIT FOR
TAT BUT MAYBE CAN YOU ANTICIPATE
WHAT HAPPENS TOMORROW IN THAT
MEETING?
WILL THE EUROPEANS GIVE A FEW
GIVEBACKS AND THAT WAY THE
PRESIDENT CAN SAY WELL WE WON
AND YOU WON.
>> EVERYBODY HAS READ THE ART
OF THE DEAL.
EVERYBODY KNOWS THAT WE'RE JUST
GOING TO PUNCH BACK.
JUNKER SAYS I HATE DOING THIS
BUT I HAVE TO.
WORRIED ABOUT THE GERMAN
AUTOMOBILE INDUSTRY SHE WILL
THE EUROPEANS COME IN AND SAY WE
UNDERSTAND SOME OF YOUR
WE'RE WILLING TO WORK WITH YOU
TO DO SOMETHING ABOUT CHINA.
LET'S SEE IF WE CAN PUT THINGS
TOGETHER AND MAYBE PRESIDENT
TRUMP WILL SAY YES, I CAN WORK
WITH YOU ON THAT.
LET'S MAKE A DEAL.
LIZ: IT'S GREAT TO SEE YOU JOEL