STUART: SPECIAL DEAL.
HE'S JUST PUTTING HIS MICROPHONE
ON, STRAIGHTENING OUT HIS NOTES.
IT IS LOU DOBBS.
HE RUNS "LOU DOBBS TONIGHT" IF
I'M NOT MISTAKEN ON THIS
NETWORK.
IS THAT CORRECT?
>> ABSOLUTELY.
7:00 P.M. EASTERN.
STUART: RIGHT, RIGHT, RIGHT.
YOU TOLD ME YOU ARE BRINGING US
NEWS ON CHINA TRADE.
DO IT.
LOU: ABSOLUTELY.
THE PRESIDENT OF THE UNITED
STATES HAS SECURED A DEAL WITH
CHINA THAT I THINK, AND I HAVE
BEEN LOOKING AT THE AVERAGES
HERE.
YOU KNOW, I UNDERSTAND THE
THEORY BUY ON THE RUMOR, SELL ON
THE NEWS.
THE NEWS HERE IS MUCH BIGGER
THAN WHAT THE MARKET UNDERSTANDS
RIGHT NOW.
THE REALITY IS THAT THIS IS A
DEAL CRAFTED BY ROBERT
LIGHTHIZER, THE PRESIDENT'S
TRADE REPRESENTATIVE, THAT HITS
JUST ABOUT EVERY ELEMENT THAT HE
SOUGHT IN THE COURSE OF THIS
NEGOTIATION OVER ALL OF THIS
TIME, AND LET ME SEE WHAT IT IS.
WE ARE TALKING ABOUT THE
PRESIDENT DEFERRING PLANNED
TARIFFS THAT WOULD HAVE GONE
INTO EFFECT COME MONDAY ON
CHINESE GOODS.
THAT'S BEEN SUSPENDED.
HE IS MAINTAINING, AND THIS IS
WHAT IS GOING TO STUN A LOT OF
PEOPLE, $250 BILLION OF CHINESE
IMPORTS INTO THIS COUNTRY, THE
TARIFF ON THOSE IMPORTS REMAINS
EXACTLY WHAT IT IS UNTIL FURTHER
NOTICE.
AND HE'S GIVING UP 7.5% OF 15%
ON $120 BILLION ON OTHER GOODS
THAT HAD GONE INTO EFFECT.
SO IT IS REMARKABLE.
BY THE WAY, FOR EVERYONE -- 7.5%
OF $120 BILLION, YOU GOT $9
BILLION, THAT'S WHAT HE'S GIVING
UP HERE.
STUART: THAT'S THE NEWS.
HARD LINE TRUMP.
LOU: IT IS HARD LINE TRUMP, BUT
IT IS ALSO THE SMART PRESIDENT
WE PUT INTO OFFICE.
HE IS CONSTRUCTING A DEAL FOR
THE FUTURE AND IT IS ONE IN
WHICH AS HE HAS ANNOUNCED NOW
TODAY IS GOING TO BE NEGOTIATED
FROM NOW FORWARD.
THIS IS NOT ONLY A TRADE DEAL
WHICH IS IMPORTANT, INTELLECTUAL
PROPERTY PROTECTION FOR THIS
COUNTRY, STRUCTURAL CHANGE IN
CHINA, ACCESS TO CHINESE
MARKETS, CRITICALLY IMPORTANT,
TRILLIONS OF DOLLARS IN THE
POTENTIAL, AND AT THE SAME TIME,
CREATING A RELATIONSHIP BECAUSE
THAT NEGOTIATION IS THE
FOUNDATION OF WHAT WILL BE AN
EMERGING POWER AND THIS DOMINANT
SUPERPOWER FOR DECADES TO COME.
I TRULY BELIEVE THAT.
STUART: OKAY.
OKAY.
BUT LOOK, WE DO NOT KNOW WHAT
THE DISPUTE RESOLUTION MECHANISM
IS.
LOU: WE DO KNOW THAT ROBERT
LIGHTHIZER HAS SAID THAT THAT IS
CRITICALLY IMPORTANT TO HIM,
THAT IT IS -- WOULD BE CERTAINLY
PART OF THE -- ANY DEAL.
THE PRESIDENT HAS SAID NOTHING
WILL HAPPEN HERE THAT ISN'T --
IS NOT A CLEAR-CUT WIN FOR THE
UNITED STATES AND IN MY OPINION,
EVERYTHING THAT HE HAS LAID OUT
HERE TODAY, AND I HAVE
WELL-PLACED SOURCES WITHIN THE
WHITE HOUSE, TELLING ME
PRECISELY THAT THAT IS WHAT THIS
IS.
STUART: USTR SAYS THE CHINESE
WILL MAKE STRUCTURAL CHANGES TO
THEIR ECONOMY.
AND FORCED --
LOU: YOU ARE TALKING ABOUT --
STUART: WE DON'T KNOW THE
DETAILS HERE.
LOU: YOU DON'T KNOW THE DETAILS,
BUT YOU DO KNOW WHAT THE U.S.
TRADE REPRESENTATIVE AND THE
PRESIDENT OF THE UNITED STATES
ARE SAYING.
THAT'S GOOD ENOUGH FOR ME.
STUART: THEY ARE STICKING RIGHT
THERE.
LOU: YOU'VE GOT NEWS
ORGANIZATIONS QUOTING CHINESE
SOURCES, THEY DON'T SAY IT THAT
WAY, BUT I THINK OUR SOURCES ARE
THE HIGHEST POSSIBLE ON THIS,
WHOM I HAVE GREAT CONFIDENCE IN,
WHO HAVE ACHIEVED, I THINK,
HISTORIC AGREEMENT HERE THAT
LAYS THE FOUNDATION FOR GREAT
GROWTH, GREAT, GREAT POTENTIAL
IN TERMS OF THE RELATIONSHIP.
I REALLY THINK THIS IS A
HISTORIC MOMENT AND BY THE WAY,
AS YOU WATCH THESE AVERAGES, I
THINK YOU ARE GOING TO SEE THEM
MOVE MUCH HIGHER BECAUSE THIS IS
BETTER THAN ANYTHING WALL STREET
WAS TALKING ABOUT.
STUART: THAT'S YOUR
INTERPRETATION OF THIS.
LOU: IT IS MY INTERPRETATION.
STUART: IT'S NOT A SKINNY DEAL.
IT'S A MUCH BROADER BASE WITH
INTELLECTUAL PROPERTY.
LOU: I WOULD SAY IT THIS WAY.
IT'S A FOUNDATIONAL DEAL.
IT MAY BE AT THIS POINT ONLY
PART OF WHAT WILL EMERGE OVER
THE COURSE OF DECADES.
I TRULY BELIEVE THIS WILL BE THE
FOUNDATION OF DECADES IN THIS
RELATIONSHIP WHICH YOU ARE GOING
TO SEE MASSIVE ECONOMIC
COOPERATION IN VERY DIFFICULT
TIMES BUT UNDER THE STEWARDSHIP
OF THIS PRESIDENT, YOU ARE GOING
TO SEE GREAT THINGS HAPPEN.
STUART: THE ONLY THING, FROM
WHAT I HAVE SEEN, WHAT I HAVE
SEEN --
LOU: YOU ARE SEEING GREAT THINGS
HAPPEN.
STUART: THE ONLY GIVEAWAY, I
HATE TO USE THAT WORD --
LOU: THAT'S FINE.
HE GAVE AWAY $9 BILLION.
STUART: REDUCTION OF THE TARIFFS
TO 7.5%.
LOU: FROM 15% TO 7.5%.
$9 BILLION.
YOU KNOW WHAT HE GAVE THE
FARMERS THIS YEAR BECAUSE OF ANY
CONCERN ABOUT THEIR INJURY?
$26 BILLION TO THE FARMERS.
AND GUESS WHAT?
THAT WAS OUT OF THE TARIFF MONEY
THAT HE TRANSFERRED TO THEM.
THIS IS A MAN WHO DOES NOT THINK
IN ORDINARY COMMON AND
CONVENTIONAL TERMS.
HE IS BRILLIANT.
HE HAS FOCUSED ON THIS AS ONE OF
THE SIGNATURES OF HIS PRESIDENCY
AND LIKE EVERY OTHER PROMISE
HE'S MADE IN THE 2016 CAMPAIGN,
HE IS DELIVERING.
STUART: I WAS UP ALL NIGHT
WATCHING THE BRE
WATCHING THE BRITISH ELECTIONS.
LOU: I THOUGHT YOU WERE GOING TO
SAY YOU WERE WATCHING MY RERUNS.
STUART: OUT OF THE CORNER OF MY
EYE, THEY WERE THERE.
I WAS --
LOU: WERE YOU CHEERING?
STUART: OH, YEAH.
YOU KIDDING?
LOU: GO AHEAD.
CHEER.
HERE WE GO.
STUART: NOT JUST BREXIT, BUT THE
UTTER DEFEAT OF THE SOCIALISTS.
BECAUSE THAT'S GOING TO BE
TRANSFERRED TO US.
LOOK AT THE ELECTION IN 2020.
CAPITALIST TRUMP, DYNAMIC TRUMP
VERSUS SOME KIND OF LEFTIST,
TRUMP WINS.
LOU: TRUMP WINS.
THE PRESIDENT HAS MADE IT CLEAR
THAT THE UK WILL BE A PRINCIPAL
TRADING PARTNER AND THAT ANY
AMOUNT OF INJURY ATTEMPTED BY
THE EUROPEAN UNION AGAINST THE
UK WILL CARRY WITH IT, THIS IS
HIS CLEAR IMPLICATION, WILL
CARRY WITH IT SOME CONSEQUENCE
IN THE TRADE RELATIONSHIP WITH
THE UNITED STATES.
DON'T FORGET, THE WORLD TRADE
ORGANIZATION IS DONE.
IT IS TOAST.
IT'S OVER.
IT'S GOING TO BE BILATERAL TRADE
RELATIONSHIPS FROM HERE ON.
WHEN YOU THINK ABOUT THAT, IT'S
THE PRESIDENT'S BRILLIANT IDEA.
IT IS ALSO THE BEST POSSIBLE
ECONOMIC IDEA BECAUSE BILATERAL
MEANS IT'S TARGETED, TARGETED
MEANS IT'S EFFICIENT AND
BALANCED.
THIS IS THE POTENTIAL TO
REORGANIZE THE INTERNATIONAL
TRADING SYSTEM WHICH IS
BENEFICIAL TO EVERYBODY.
STUART: YOU DON'T EVER NAME YOUR
SOURCES IN THE WHITE HOUSE, DO
YOU?
LOU: WELL-PLACED, I MUST SAY.
STUART: 7:00 TONIGHT, "LOU DOBBS
TONIGHT."
WEEKNIGHTS 7:00.
LOU: I DO WANT TO SAY THAT ONE
OF THE BRILLIANT ADVISERS TO THE
PRESIDENT, DR. MICHAEL
PILLSBURY, WILL BE JOINING US ON
"LOU DOBBS TONIGHT" 7:00 P.M.
EASTERN.
7:00 P.M. EASTERN.
PLEASE JOIN US FOR THAT.