AND CALLS TO FIGHTER CORRUPT
LEADERSHIP OF THE JUSTICE
DEPARTMENT AND THE FBI.
A FREE-FOR-ALL BETWEEN AMERICAN
MIDDLE CLASS AND THE GLOBALISTS
WHO APPARENTLY STILL SHOWED SWAY
OVER AN ADMINISTRATION WHOSE
GREATEST SUCCESSES HAVE BEEN THE
PRESIDENT KEEPING HIS PROMISES.
THE PRESIDENT ORDERING HIS
ADMINISTRATION TO TAKE A FRESH
LOOK AT THE TRANS-PACIFIC
PARTNERSHIP.
TO LOOK AT WHETHER IT MAKES
SENSE TO REJOIN THAT
ORGANIZATION AS A COUNTERWEIGHT
TO CHINA'S RAPIDLY GROWING
GEOPOLITICAL POWER.
NOW CALLED THE TPP-1.
SIGNED MARCH 8 IN SANTIAGO,
CHILE.
WE ARE PLEADS TO HAVE WITH US
LARRY KUDLOW, DIRECTOR OF THE
ECONOMIC COUNCIL.
I DON'T THINK PEOPLE COULD HAVE
BEEN MORE SHOCKED THAN TO HEAR
THE PRESIDENT HAS ORDERED AN
EXAMINATION OF THE POSSIBILITY
OF GETTING BACK INTO THE TPP.
>> HE'S TAKING ANOTHER LOOK AT
IT.
THERE ARE NO DECISIONS BEEN
MADE.
HE MADE THE ASSIGNMENTS TODAY.
HE WAS MEETING WITH CONGRESSMEN
AND SENATORS FROMMING A *
STATES.
I DON'T KNOW -- FROM AGRICULTURE
STATES.
I DON'T KNOW HOW IT'S GOING TO
COME OUT.
WE HAVEN'T EVEN STARTED.
I THINK THE PRESIDENT WAS RIGHT
TO PULL OUT.
BUT GOING FORWARD, MAYBE IT CAN
BE APPROVED.
MAYBE NOT.
MAYBE WE'LL HAVE MARKET OPENINGS
FOR OUR EXPORTS.
MAYBE NOT.
MAYBE IT WILL REDUCE TRADE
BARRIERS FOR US, MAYBE NOT.
ONE OF THE GOALS HAS TO BE
ECONOMIC GROWTH, RISING WAGES,
AND RISING JOBS JUST LIKE EVERY
OTHER ASPECT OF THE TRUMP
PROGRAM.
SO WE'LL SEE.
I CAN'T MAKE ANY CONCLUSIONS
YET.
LOU: THE PRESIDENT LAID FORTH A
BRILLIANT FUNDAMENTAL
PERSPECTIVE.
YOU CAN'T POINT TO A SINGLE
MULTI LATERAL FREE TRADE
AGREEMENTS AND SAY THIS RESULTED
IN A TRADE SURPLUS FOR THE
UNITED STATES THAT WILL LAST FOR
THE NEXT 10 YEARS OR THAT DIDN'T
RESULT IN A DEFICIT.
WE HAVE HAD 50 YEARS OF TRADE
DEFEND STATES IN THIS COUNTRY.
WE ARE A DEBTOR NATION IN
PERPETUITY AS WE STAND NOW
WITHOUT THE LEADERSHIP OF
PRESIDENT TRUMP.
HE HAS GIVEN US A WAY FORWARD
WITH BY LATERAL TRADE AGREEMENTS
AND MAKING SURE TRADE IS
BILATERAL, RECIPROCAL, IT IS
MUTUAL, IT IS BALANCED.
THAT CAN'T HAPPEN IN A MULTI
LATERAL AGREEMENT.
AT LEAST IT HASN'T YET.
>> I THINK THE PRESIDENT IS VERY
UNCOMFORTABLE WITH THESE MULTI
LATERAL DEALS.
HE MUCH PREFERS BILATERAL DEALS.
WE ARE MAKE SOMETHING PROGRESS
ON NAFTA.
I THINK THAT'S A GOOD THING.
WE'LL BE MEETING WITH JAPAN IN
FLORIDA NEXT WEEK.
THERE MIGHT BE SOME BY LATERAL
POTENTIAL THERE.
WHETHER THAT ROLLS THROUGH, HE'S
GOT CHINA.
WE ARE WORK ON THAT.
THINGS LOOK BETTER.
THEY KNOW THEY HAVE TO TOE THE
LINE IN MUCH OF THESE.
THESE THINGS HAVE TO BE PRO
GROWTH MAN AMERICA'S INTERESTS.
AND YOU CAN'T HAVE UNFAIR TRADE
PRACTICES OR ILLEGAL TRADING
PRACTICES.
THAT'S THE BIG GRIPE WITH
RESPECT TO CHINA.
LOU: TAKE A LOOK AT WHAT
HAPPENED AS A RESULT OF THE
PRESIDENT'S OVERTURES TO
PRESIDENT XI JINPING.
JUST THIS WEEK HE IS RESPONDING
TO THE PRESIDENT'S HARD LINE ON
FAIR TRADE.
NOT FREE TRADE.
NOT ANOTHER MULTI LATERAL
AGREEMENT.
TALK SPECIFICALLY ON THE ISSUE
OF CHINA.
THIS IS WHAT PRESIDENT XI SAID.
CHINA RELIED IN THE PAST ON
CREATING FAVORABLE POLICIES FOR
ITSELF.
WE'LL HAVE TO RELY MORE ON
IMPROVING OUR INVESTMENT
ENVIRONMENT, WE'LL INCREASE OUR
ALIGNMENT WITH INTERNATIONAL
RULES, AND OUR INTELLECTUAL
PROPERTY PROTECTION.
LOU: THOSE ARE EXTRAORDINARY
STEPS FORWARD FOR CHINA, DON'T
YOU AGREE?
>> I DO.
WE HAVE SEEN SOME OF THIS BEFORE
AND IT HASN'T WORKED OUT.
BUT THERE HAS BEEN A LOT OF
ACRIMONY.
LOU: I HAVE GOT TO DISAGREE WITH
YOU.
WE HAVE NEVER SEEN CHINA,
CHINA'S LEADER PUT FORWARD
STATEMENT THAT ACROSS KNOWLEDGES
WAIT HAS COMMON IN THE PAST IS
WRONG, IT'S NOT PART OF ITS
FUTURE AND IT WILL BE OPENING
ITS ECONOMY.
WE HAVE NEVER SEEN THAT.
>> OKAY, I DON'T WANT TO QUARREL
WITH YOU ON THAT POINT.
SOME OF THE FRAYED ADVISORS HERE
THINK WE HAVE SEEM THAT BEFORE.
>> A POSITIVE RESPONSE BY XI AND
A POSITIVE RESPONSE BY THE
PRESIDENT.
I THINK THAT'S A GREAT THING.
LOU: I DON'T SEAT PROBLEM BEING
OPTIMISTIC WITH WHAT WE SEE
BETWEEN THESE TWO LEADERS AND
THE POSITIONS THEY ARE TAKING.
>> NEITHER DO I.
THEFT OF INTELLECTUAL PROPERTY
HAS TO STOP.
TRADE BARRIERS AND TARIFFS HAVE
TO STOP.
WE NOW KNOW THAT THERE MAY BE
SOME COOPERATIVE DISCUSSION AND
ON THE WHOLE THAT COULD BE A
GOOD THING.
THE TRICK HERE, LOU, YOU HAVE TO
TRUST BUT YOU HAVE TO VERIFY.
I LEARNED THAT FROM RONALD
REAGAN.
THAT'S THE COURSE WE ARE ON NOW.
THIS THING COULD CAN VERY
POSITIVE, VERY PRO GROWTH AND
SOLVE A LOT OF PROBLEMS.
BUT WE HAVE TO BE VERY CAREFUL,
PARTICULARLY ON THE TECHNOLOGY
SIDE.
WE HAVE WHAT THEY WANT.
WE HAVE ADVANCED TECHNOLOGY
THAT'S THE BACKBONE OF OUR
ECONOMY.
WE HAVE INNOVATORS AND
ENTREPRENEURS.
CHINA HAS TO THIS POINT STOLEN
MUCH OF IT AND CREATED
CONDITIONS WHERE PEOPLE WILL
PIRATE TECHNOLOGY AND BRING IT
BACK TO CHINA.
LOU: THE GLOBALISTS, THE
SO-CALLED FREE TRADERS WHO KEPT
PROMISING AMERICANS THAT
INTERNATIONAL TRADE ISN'T A ZERO
SUM GAME, BUT WE LOOK AT THE
$300 BILLION EXTERNAL DEBT.
WE LOOK AT TRADE DEFICITS.
THE THEFT OF INTELLECTUAL
PROPERTY AND YOU ARE TELLING ME
WE CAN'T HAVE THAT.
>> YEAH, AGAIN.