>> THERE IS A GOOD POSSIBILITY
THAT A DEAL CAN BE MADE, AND
THAT HE IS OPEN TO THAT.
HE IS OPEN TO THAT, BUT HAVING
SAID THAT, SOME CAVEATS AS
ALWAYS, CERTAIN CONDITIONS HAVE
TO BE MET WITH RESPECT TO
FAIRNESS AND RECIPROCITY.
MARIA: THAT WAS TOP WHITE HOUSE
ECONOMIC ADVISOR LARRY KUDLOW
TALKING ABOUT THE POSSIBILITY OF
THE U.S. MAKING A TRADE DEAL
WITH CHINA THE DEAL NOW CLOSER
TO REALITY AFTER THE TRUMP
ADMINITRATION YESTERDAY
ANNOUNCED THAT IT WILL
TEMPORARILY HOLD OFF ON A NEW
ROUND OF TARIFFS AIMED AT
BEIJING HOURS AFTER PRESIDENT
TRUMP AND CHINESE LEADER XI PING
MET FACE TO FACE LAST
NIGHT AND THE 90 DAY CEASE FIRE
COMES AFTER MONTHS OF ESCALATING
TRADE TENSIONS THAT HAVE RATTLED
FINANCIAL MARKETS JOINING ME
RIGHT NOW IS PENNSYLVANIA
DEMOCRATIC CONGRESSMAN MATT CART
RIGHT, THE NEWLY-ELECTED CO-
CHAIRMAN OF THE
COMMUNICATIONS COMMITTEE AND
ALSO SITS ON THE HOUSE OVERSIGHT
AND APPROPRIATIONS COMMITTEE
THANKS SO MUCH FOR JOINING US.
>> HELLO, MARIA HOW ARE YOU?
MARIA: I WANT TO GET YOUR TAKE
ON WHAT TOOK PLACE IN ARGENTINA
AND CERTAINLY THE U.S. MCA DEAL
AS WELL ALL VERY IMPORTANT
ISSUES FOR YOUR CONSTITUENTS IN
PENNSYLVANIA NOT TO MENTION THE
ENTIRE COUNTRY BUT FIRST ON THIS
DAY AS WE REMEMBER, GEORGE H. W.
BUSH I KNOW THAT YOU HAVE
SOME FOND MEMORIES AS WELL.
>> ABSOLUTELY.
WE ARE IN MOURNING AS A NATION
WHETHER YOU'RE REPUBLICAN OR
DEMOCRAT WE ARE HARD HIT BY THE
LOSS OF PRESIDENT GEORGE H. W.
BUSH.
I THINK IT'S GOING VIRAL.
HIS NOTE TO BILL CLINTON ON THE
SUCCESSION OF POWER WHEN
PRESIDENT CLINTON TOOK OVER,
SAYING THAT I'M ROOTING HARD FOR
YOU, I MEAN, THAT IS JUST
EXACTLY WHO PRESIDENT BUSH WAS,
AND I APPRECIATED THE COMMENTS
THAT YOU HAD VICE PRESIDENT
QUAIL AT THE TOP OF THE HOUR.
THE WAY HE WORKED IN A
BIPARTISAN WAY, HE WORKED WITH
THE DEMOCRATIC CONGRESS.
THEY WORKED TO NEGOTIATE THINGS
TO MOVE THE NATION FORWARD, AND
IN A LOW KEY WAY, IN A KIND WAY.
I'D LIKE TO SEE US ALL TAKE A
LESSON FROM THAT BECAUSE WE HAVE
A LOT OF WORK TO DO IN THIS
COUNTRY AND TAKING THE QUEUE
FROM LATE PRESIDENT BUSH
WOULDN'T BE A BAD IDEA.
MARIA: WELL I THINK THAT'S A
GREAT SENTIMENT AND MOST PEOPLE
WOULD LIKE TO SEE THE WORK GET
DONALD NOT THE CONSTANT FIGHTING
BACK AND FORTH AND LET'S TALK
ABOUT THE WORK THAT NEEDS TO BE
DONE, CONGRESSMAN BECAUSE THIS
WEEKEND THE PRESIDENT SIGNED
THIS NEW U.S. MCA DEAL REPLACING
NAFTA WITH THE LEADERS OF MEXICO
AND CANADA.
ARE YOU EXPECTING YOU AND YOUR
COLLEAGUES TO DELAY THE
RATIFICATION OF THAT NEW DEAL
COME THE NEW CONGRESS?
>> WELL HERE IS THE PROBLEM,
MARIA.
WE'RE ALL OF COURSE STILL
GETTING USED TO PRESIDENT TRUMP
'S NEGOTIATING STYLE, AND
MAYBE THE DELAY WITH THE CHINA
DEAL, THE CHINA TARIFFS IS A
GOOD EXAMPLE OF HE HAS HIS OWN
NEGOTIATING STYLE.
WHAT WE WERE HOPING WITH THE
U.S. MEXICO CANADA TRADE DEAL
WAS THAT THERE WOULD BE MORE
IMPROVEMENT TO IT, THAT MAYBE WE
WOULD STEP BACK FROM THE DEAL
AND GET A BETTER DEAL, BECAUSE
THE PROTECTIONS FOR LABOR IN THE
ENVIRONMENT ARE NOT THERE.
I MEAN, THEY'RE LIMITED, FOR
EXAMPLE, TO AUTO MANUFACTURING
AND RELATED INDUSTRIES.
WELL THAT DOES RAISING LABOR
STANDARDS IN MEXICO WITH THE
AUTO INDUSTRY DOES MAKE SENSE,
BUT WHAT WE'RE LOOKING FOR IS A
BROADENING OF THAT.
I MEAN, WE COULD USE THAT AS A
PILOT PROGRAM, I SUPPOSE, BUT
THAT CAN'T BE THE END OF THE
DEAL.
WE'VE GOT TO IMPROVE ON THAT AND
I THINK THAT'S WHAT DEMOCRATS
ARE LOOKING FOR, BECAUSE IN
PLACES LIKE NORTHEASTERN
PENNSYLVANIA WHERE I'M TALKING
TO YOU FROM, WE GOT HIT HARD BY
NAFTA.
NAFTA BESTOWED MANY BENEFITS ON
OUR NATION BUT IT WAS UNEVENLY
AND IT REALLY HIT THE
MANUFACTURING SECTOR IN MY PART
OF THE COUNTRY VERY HARD AND A
LOT OF PEOPLE LOST THEIR JOBS
AND THEY SAW THOSE JOBS GO TO
MEXICO FOR ONE REASON ONLY
BECAUSE YOU COULD GET AWAY WITH
PAYING MEXICAN MANUFACTURING
EMPLOYEES $2 AN HOUR AS OPPOSED
TO THE $15 AT THE TIME OR MORE
IN THE UNITED STATES, SO WE'RE
LOOKING FOR IMPROVEMENT ON THAT
DEAL AND I DON'T WANT THAT TO BE
THE END OF THE STORY WHERE IT
ENDED UP RIGHT NOW.
MARIA: SO IS IT BETTER THEN TO
JUST USE THE CURRENT NAFTA IN
PLACE, IS THAT A BETTER
SITUATION THAN ACTUALLY MOVING
TO U.S. MCA?
>> NO, NO, AND PRESIDENT TRUMP
PROMISED THAT IN HIS CAMPAIGNING
, THAT HE WOULD DITCH
NAFTA AND HE WOULD MAKE IT
BETTER AND MAKE IT STRONGER FOR
AMERICAN MANUFACTURING WORKERS.
THE CURRENT DEAL IS A STEP IN
THAT DIRECTION BUT ITS GOT TO BE
MADE A LOT STRONGER AND WHAT I'M
LOOKING FOR IS PRESIDENT TRUMP
TO INDICATE THAT THIS IS NOT THE
END OF THE LINE.
THIS IS NOT THE DEAL THAT HE'S
GOING TO BE SATISFIED WITH.
WE WANT TO SEE PRESIDENT TRUMP
SHARPEN HIS PENCIL AND DO A
BETTER JOB AT HELPING AMERICAN
MANUFACTURING WORKERS.
THE CURRENT DEAL DOESN'T DO THAT
MARIA: A COUPLE OF THE CHANGES,
COUNTRY OF ORIGIN RULES,
AUTOMOBILES MUST HAVE 75% OF
THEIR COMPONENTS MANUFACTURED IN
MEXICO, THE U.S. OR CANADA TO
GET THE FREE-TRADE ZERO TARIFF
STATUS, 40-45% OF AUTOMOBILE
PARTS HAVE TO BE MADE BY WORKERS
WHO EARN AT LEAST $16 AN HOUR BY
2023 AND U.S. FARMERS ARE
GETTING MORE ACCESS TO THE
CANADIAN DAIRY MARKET, AND THEY
OPENED IT UP TO U.S. FARMERS,
INTELLECTUAL PROPERTY AND
DIGITAL TRADE THE DEAL EXTENDS
THE TERMS OF COPYRIGHT TO 70
YEARS BEYOND THE LIFE OF THE
AUTHOR, SO VERY SPECIFICALLY,
WHAT OTHER INDUSTRIES DO YOU
WANT TO SEE GETTING EXPOSURE IN
THIS DEAL AWAY FROM THE AUTO
SECTOR THEN?
>> OH, ABSOLUTELY I LOVE ALL OF
THOSE THINGS, MARIA, DON'T MAKE
ANY MISTAKE ABOUT IT.
I MEAN, DOING THAT FOR WAGES,
FOR MEXICAN WORKERS MEANS THAT
FEWER JOBS WILL BE EXPORTED TO
MEXICO JUST TO GET THE CHEAPER
WAGE RATES BUT ABSOLUTELY EVERY
AMERICAN MANUFACTURING INDUSTRY
SHOULD BE SUBJECT TO THAT.
I DON'T MIND THEM TRYING A PILOT
PROGRAM.
A TEST PROGRAM LIMITED TO THE
AUTO MANUFACTURING SECTOR, BUT
MANUFACTURING IN THIS COUNTRY,
IT'S NOT GOING TO COME AS A
SURPRISE TO YOU MARIA THAT
MANUFACTURING IS NOT ONLY ABOUT
AUTOMOBILES IN THIS COUNTRY.
IT'S EVERY KIND OF THING THAT'S
EVER MADE IN THE UNITED STATES.
THAT'S WHAT WE'RE LOOKING FOR
BECAUSE THIS IS THE KIND OF FOR
EXAMPLE, HERE IN NORTHEASTERN
PENNSYLVANIA, IT WAS TELEVISION
PICTURE TUBES WE LOST A VERY
IMPORTANT FACTORY NORTH OF
SCRANTON TO MEXICO AND IT WAS
BECAUSE OF THE LOW WAGE RATES
THEY COULD GET IN MEXICO IN THE
MID 90S AFTER NAFTA WENT INTO
EFFECT AND TV MANUFACTURING IS
NOT AFFECTED AT ALL BY THIS
CURRENT DEAL, EVERYTHING THAT'S
MADE IN THIS COUNTRY OUGHT TO BE
SUBJECT TO BETTER DEAL.
MARIA: HOW LONG ARE YOU GOING TO
BE WILLING TO STRETCH THIS OUT
BEFORE VOTING FOR THIS DEAL?
I MEAN THE WHOLE UNCERTAINTY OF
IT ON WHETHER OR NOT THE
CONGRESS VOTES FOR RATIFICATION
OF U.S. MCA WILL CERTAINLY UN
NERVE MARKETS.
>> WELL, A LOT OF THINGS WILL
UNNERVE MARKETS.
WHAT I'M REALLY WORRIED ABOUT
WITH THE MARKETS ARE THAT THIS
TAX SUGAR HIGH THAT WE'RE
EXPERIENCING NOW IS GOING TO
DISSIPATE, AND IN FACT A
TERRIFIC ECONOMIST IAN SHEPHERD
SON SAID THIS.
IT'S A SUGAR HIGH AND WHAT HE'S
WORRIED ABOUT IS THAT WE'RE
GOING TO HEAD INTO A RECESSION.
I THINK VICE PRESIDENT QUAIL
MENTIONED THAT AT THE TOP OF THE
HOUR.
LOOK, IF WE HEAD INTO A
RECESSION IN THIS COUNTRY, THAT
HURTS EVERYBODY.
MARIA: YEAH.
>> THIS IS A BIGGER DANGER TO
AMERICAN WORKERS THAN ANYTHING
HAPPENING WITH THE BORDERS OR
IMMIGRATION.
WE HEAD INTO A RECESSION THAT
MEANS YOUR JOB MAY BE AT RISK
AND A RECESSION DOESN'T HELP
ANYBODY.
DEMOCRATS ARE NOT ROOTING FOR A
RECESSION.
WE'RE ROOTING FOR SUCCESS IN
THIS COUNTRY JUST THE WAY
PRESIDENT BUSH WAS ROOTING FOR
THE SUCCESS OF BILL CLINTON WHEN
HE TOOK OVER AS PRESIDENT OF
THIS NATION.
MARIA: SO ARE YOU GOING TO MOVE
MARIA: WELCOME BACK I'M BACK
WITH PENNSYLVANIA DEMOCRATIC
CONGRESSMAN MATT CARTWRIGHT, THE
NEWLY ELECTED CO-CHAIRMAN OF THE
COMMUNICATIONS COMMITTEE AND
CONGRESSMAN JUST TO CLOSE THE
LOOP ON U.S. MCA, AM I RIGHT TO
ASSUME YOU WILL NOT VOTE FOR
THIS DEAL THE WAY IT IS RIGHT
NOW?
>> NO UNLESS IT'S MADE CLEAR
SOMEHOW THAT THIS IS ONLY A
TEMPORARY POSITION THAT WE'RE
GOING TO MOVE ON TO BROADENING
ITS EFFECT THROUGH THE ENTIRE
MANUFACTURING SECTOR IN THIS
COUNTRY.
MARIA: NOW, LAST NIGHT, THE
PRESIDENT ANNOUNCED THAT MR.S A
CEASE FIRE WITH THESE TARIFFS
THAT HE WAS PLANNING ON PUTTING
ON CHINA, BECAUSE OF THE DINNER
THAT HE AND PRESIDENT XI HAD IN
ARGENTINA.
YOUR REACTION TO WHAT WAS DONE
LAST NIGHT IN ARGENTINA
REGARDING CHINA.
IS THIS GOING TO BE A BIG
POSITIVE IN YOUR VIEW?
>> OH, I THINK THIS IS CLASSIC
DONALD TRUMP NEGOTIATING,
STEPPING BACK FROM DEALS, NOT
BEING THAT INTERESTED IN THIS OR
THAT.
HE'S BEEN AN EFFECTIVE
NEGOTIATOR IN THE SENSE THAT
HE'S NOT WEDDED TO A DEAL AND HE
CAN STEP AWAY FROM A POSITION AT
ANY MOMENT AND I THINK THIS IS
CLASSIC WHAT HE HAS DONE TO
EXTEND THAT BY 90 DAYS.
LET'S FOLLOW THAT OUT.
LET'S SEE HOW IT WORKS.
HERE IS THE ISSUE, MARIA.
WE'RE TALKING ABOUT WHAT
GOVERNMENT CAN DO TO MAKE SURE
THE ECONOMY IS ROLLING ALONG AND
HELPING PEOPLE STAY IN THEIR
JOBS AND GET BETTER JOBS AND
BETTER WAGES AND YOU CAN DO
THINGS LIKE TAX CUTS AND WE
TALKED ABOUT THAT.
YOU CAN DO THINGS LIKE LOWER THE
INTEREST RATE AND YOU CAN DO
THINGS LIKE INFRASTRUCTURE
SPENDING.
WELL TAX CUTS, AS I MENTIONED,
THE ECONOMIST IAN SHEPHERDSON
SAID LOOK THAT MAY
BE A SUGAR HIGH THAT WILL BE
ENDING AND WE MAY HAVE TO WORRY
ABOUT THAT THINGS LIKE LOWERING
THE INTEREST RATE, WE HAVE TO
STOP DEPENDING ON MONETARY
POLICY AS AN ECONOMIC STIMULUS
BECAUSE YOU KNOW WHO THAT HURTS?
THAT HURTS SENIORS, WHEN THEY
ONLY GET 2%.
MARIA: I UNDERSTAND THAT.
>> INTEREST RATES ARE SO LOW,
WHAT I WANT TO SEE IS
INFRASTRUCTURE SPENDING AND WE
HAVE TO DO THIS.
WE TALKED ABOUT PRESIDENT GEORGE
H. W. BUSH.
MY FATHER WAS A HUGE ADMIRER OF
HIS.
WHY?
BECAUSE THEY WERE BOTH IN THE
GREATEST GENERATION.
THE GREATEST GENERATION AFTER
THEY CAME BACK FROM THE WAR,
THEY BUILT US AN INFRASTRUCTURE
IN THIS COUNTRY.
MARIA: WELL YOU COULD TALK ABOUT
INFRASTRUCTURE SPENDING, BUT --
>> MADE OUR WHOLE NATION
COMPETITIVE, ROADS, BRIDGES, WE
HAVE TO DO A RESPONSIBLE JOB.
MARIA: WHERE DO YOU GET THE
MONEY, CONGRESSMAN.
>> OF THIS WONDERFUL POLITICIAN
OF PUBLIC ASSETS THAT HAVE BEEN
PASSED DOWN.
MARIA: CONGRESSMAN ROHRABACHER
YOU RECOMMENDING RAISING TAXES
ON A RICH AS THE WAY TO PAY FOR
INFRASTRUCTURE?
>> THAT'S A SEPARATE QUESTION.
WE HAVE TO PASS A TRANSPORTATION
AND INFRASTRUCTURE BILL AND WE
HAVE TO GET IT, WE HAVE TO HAVE
HEARINGS ON IT, BUT THE POINT IS
--
MARIA: WHERE DO YOU GET THE
MONEY.
I'M JUST TRYING TO UNDERSTAND
WHERE YOU GET THE MONEY.
>> THAT WAS SOMETHING THAT WAS
PROMISED I DIDN'T UNDERSTAND WHY
THEY COULDN'T GET A T& I BILL
THROUGH THE HOUSE AND ON TO
PRESIDENT TRUMP'S DESK.
WE AS DEMOCRATS WILL DO THAT
BECAUSE WE PROMISE TO DO THAT
AND IF PRESIDENT TRUMP TAKES
CREDIT FOR INFRASTRUCTURE REPAIR
SPENDING, THAT'S FINE BUT IT'S
THE RIGHT THING FOR AMERICA.
MARIA: CONGRESSMAN WE WILL BE