LOU: CHINESE TECH GIANT HUAWEI
SIGNING A DEAL TO ASSIST RUSSIAN
TELECOM COUNTRY.
THAT DEAL COMING AS CHINESE
PRESIDENT XI JINPING IS MEETING
WITH VLADIMIR PUTIN.
THEY'VE MET 30 TIMES OVER THE
PAST SIX YEARS.
XI GOING SO FAR AS TO CALL PUTIN
HIS VERY BEST FRIEND.
I ADDED THE "VERY."
IT WAS JUST BEST FRIEND.
THERE IT IS.
PRESIDENT TRUMP THREATENED MORE
TARIFFS ON CHINESE GOODS IN THE
COMING WEEKS.
>> WHEN AM I GOING TO PUT THE
EXTRA $325 BILLION WORTH OF
TARIFFS?
I WILL MAKE THAT DECISION, I
WOULD SAY, OVER THE NEXT FEW
WEEKS, PROBABLY RIGHT AFTER THE
G-20.
ONE WAY OR ANOTHER I'LL MAKE
THAT DECISION AFTER THE G-20.
I'LL BE MEETING WITH PRESIDENT
XI AND WE'LL SEE WHAT HAPPENS.
LOU: THAT G-20 SUM HIM
LOU: THAT G-20 SUMMIIM
LOU: THAT G-20 SUMMITM
LOU: THAT G-20 SUMMIT TAKES
PLACE JUNE 28 AND 29.
>>> JOINING ME NOW, JAMES
FREEMAN, ASSISTANT EDITORIAL AT
"THE WALL STREET JOURNAL," GREAT
AMERICAN, GOOD TO HAVE YOU WITH
US.
XI AND PUTIN LINING UP TOGETHER.
TWO COMMIES.
SHOULD ANY OF US BE SURPRISED
THEY LIKE ONE ANOTHER?
>> I LONG WITH HUAWEI'S OTHER
PROBLEMS, I THINK IT NEEDS WORK
ON PUBLIC RELATIONS TOO.
BECAUSE IT SEEMS TO ME, IF
YOU'RE TRYING TO SAY WE'RE NOT A
THREAT, WE'RE NOT DANGEROUS,
YOUR NEXT MOVE IS NOT TO SAY
LOOK AT OUR NEW BUSINESS
PARTNER, VLADIMIR PUTIN.
LOU: WE MIGHT HAVE HYPER SONIC
MISSILES AND WE'RE TICKLED PINK
TO TRY THEM OUT.
>> JUST IN TERMS OF IF THIS WAS
MEANT TO BE AN ECONOMIC SHOW OF
FORCE, RUSSIA WE TAKE SERIOUSLY
BECAUSE IT'S RUN BY A THUG AND
BECAUSE THEY HAVE NUCLEAR
WEAPONS.
ITS ECONOMY IS LESS THAN 10% THE
SIZE OF OURS.
THIS IS NOT A HUGE --
LOU: BUT WE DON'T TAKE CHINA
SERIOUSLY BECAUSE IT'S RUN BY A
GUY IN A THREE-PIECE SUIT AND
BUTTON DOWN COLLAR?
COME ON.
HE'S STEALING HALF A PILL
ONDOLLARS FROM US A YEAR.
PUTIN ISN'T DOING THAT.
>> IF PEUT SEASON NOT IT'S
BECAUSE HE DOESN'T HAVE THE
OPPORTUNITY.
LOU: I DIDN'T SAY IT WASN'T A
MATTER OF WHEREWITHAL.
I WASN'T SUGGESTING IT WAS A
HIGHER MORAL PLAIN ON WHICH
VLADIMIR PUTIN LIVES.
BUT THE FACT IS, ONE IS A THIEF
OF IMMENSE PROPORTIONS AND THE
OTHER CAN'T GET IT DONE.
>> I WOULD SAY THERE'S MORE
UPSIDE THAN DOWNSIDE WITH CHINA.
WE OBVIOUSLY DRAW A LOT OF
BENEFITS FROM TRADE WITH CHINA.
BUT WE HAVE A BIG PROBLEM --
LOU: WAIT A MINUTE.
THINK ABOUT THAT PROPOSITION.
WE DRAW A LOT OF BENEFITS FROM
CHINA.
THEY STEAL HALF A TRILLION
DOLLARS FROM US EVERY YEAR,
INTELLECTUAL PROPERTY AND
TECHNOLOGY.
THEY ALSO MAINTAIN A
350 BILLION-DOLLAR TRADE
SURPLUS, OR TO US A DEFICIT OF
WHICH WILL REDUCE AND HAS
REDUCED BY $5 TRILLION OR
ECONOMIC GROWTH OVER THE PAST 20
YEARS.
I'M STRUGGLING TO FIND THE
BENEFIT IN BEING THE TRADING
PARTNER OF SUCH A BUNCH OF
THIEVES.
>> THE INTELLECTUAL PROPERTY
THEFT, YOU'RE 100% RIGHT.
I THINK THE PRESIDENT IS PUSHING
THE RIGHT ISSUE THERE.
LOU: ABSOLUTELY IS.
>> TRADE DEFICITS DON'T MATTER
MOST OF THE TIME.
LOU: WHOA!
>> WE'VE HAD GOOD YEARS WITH
TRADE DEFICITS.
LOU: ACADEMIC CONTRACTS LIKE
SOME ECONOMIST.
>> NO.
IF A TRADE DEFICIT OR SURPLUS IS
HAPPENING BECAUSE --
LOU: GOVERNMENT.
THAT IS OUR GROSS DOMESTIC
PRODUCT IS IT NOT, PLUS OR MIE
NEWS TRADE DEFICITS.
>> WE CAN HAVE A GOOD
RELATIONSHIP WITH A COUNTRY IF
THEY'RE MAKING STUFF THAT WE
WANT TO BUY.
LOU: THIS ISN'T AN ACADEMIC OR
HYPOTHETICAL, JAMES.
>> NO.
LOU: THIS IS A THIEVING BUNCH OF
COMMUNISTS STEALING OW
COMMUNISTS STEALING OUR FUTURE
AND BY THE WAY, WE CAN'T BLAME
THE CHINESE BECAUSE THEY'VE
STOLEN FROM US.
WE SHOULD BLAME OURSELVES FOR
PERMITTING IT FOR THE PAST TWO
DECADES.
IT'S MADNESS AND YOU SAY IT
DOESN'T MAT CENTER.
>> THE ARGUMENT TO DRIVE A HARD
BARGAIN WITH CHINA IS --
LOU: HOW ABOUT PRESERVATION.
>> HARD TO BARGAIN WITH MEXICO.
LOU: WHY?
>> THESE ARE COMPLETELY
DIFFERENT SITUATIONS.
LOU: YOU'VE GOT 20 TO 30 MILLION
ILLEGAL IMMIGRANTS IN THIS
COUNTRY.
THEY'RE EXPORTING THE JOORLT OF
METHAMPHETAMINES, MARIJUANA,
COCAINE, HEROIN, FENTANYL INTO
THE UNITED STATES AND KILLING
TENSE OF THOUSANDS OF PEOPLE.
I'M SORRY.
CAN I NOT CONSIDER THAT THE ACTS
OF AN ENEMY STATE?
>> WOULDN'T YOU AGREE THAT THE
GOVERNMENT OF MEXICO HAS BEEN
MUCH MORE REASONABLE THAN THE
GOVERNMENT OF CHINA IN TRADE
NEGOTIATIONS.
LOU: TO BE HONEST WITH YOU, WE
HAVE A TRADE AGREEMENT WITH CAN
THAT AND WITH MEXICO.
>> THEY JUST CUT A NEW AGREEMENT
WITH PRESIDENT TRUMP.
THE MEXICANS GAVE HIM A LOT OF
WHAT HE WAS ASKING FOR.
AND NOW AS WE SEE --
LOU: WHAT ABOUT THE MATTERS I
DID RAISE WITH YOU THAT IS THE
BASIS OF THE CRISIS, THE
NATIONAL EMERGENCY THIS NATION
FACES.
YOU KNOW, IT WAS DECLARED BY THE
PRESIDENT.
>> I WOULD SAY --
LOU: ILLEGAL IMMIGRATION, DRUG
SMUGGLING, SEX TRAFFICKING.
ARE YOU KIDDING ME?
KNEES ARE THE FACTS OF A
FRIENDLY STATE?
>> LOOK AT HOW THEY'RE REACTING,
MUCH MORE REASONABLY THAN CHINA
AND MUCH MORE REASONABLY THAN
NANCY PELOSI AND CHUCK SCHUMER.
LOU: YOU'RE GIVING ME A REAL
CHOICE HERE.
I GET CHUCK SCHUMER, NANCY
PELOSI OR LOPEZ OBRADOR OR SEE
JINPING.
WHAT THE HELL.
DO YOU JUDGE THINGS ON WHETHER
IT'S REASONABLE OR DO YOU JUDGE
WHETHER OR NOT THIS NATION IS
ABLE TO PROTECT AND PRESERVE THE
SAFETY OF ITS CITIZENS AND
PROTECT ITS BORDERS, SOCHTY AND
SOVEREIGNTY.
>> THE MEXICANS HAVE COME WITH
SERIOUS OPTIONS.
MORE TROOPS ON THEIR SIDE OF THE
BORDER.
MORE ASYLUM REQUESTS HANDLED IN
LOU: LOPEZ OBSERVE RA