TRISH: ALL RIGHT, THE DOW IS NOW
UP 30 POINTS.
SO CLIMBING BACK TOWARDS THE
HIGHS OF THE SESSION, 25,980
RIGHT NOW.
THE PRESIDENT IS SAYING WE HAVE
TO MAKE GOOD ON THAT DEAL WITH
CANADA.
FIGURE OUT WHETHER THE PRESIDENT
WILL RAMP UP THE TOUGH STANCE
WITH CHINA.
THE PRESIDENT IS TALKING ABOUT
SLAPPING AN ADDITIONAL
$200 BILLION OF TARIFFS ON TO
CHINESE GOODS AFTER A PUBLIC
COMMENT PERIOD ENDS ON THURSDAY.
I WANT TO BRING IN THE
CONVERSATION MARK SANDI, CHIEF
ECONOMIST FROM MOODY'S ANALYTICS
MARK, GOOD TO SEE YOU AGAIN.
DO YOU THINK WE'RE CLOSE ON
NAFTA HERE?
WILL CANADA COME ON BOARD AND
WILL THIS BE BETTER FOR THE
DEAL.
REALLY, THE NEGOTIATIONS ARE
OVER REALLY SMALL THINGS, SMALL
POTATOES.
YOU KNOW, IT WILL NOT MOVE THE
DIAL ON JOBS OR GROWTH, AND IF
THEY DON'T CUT A DEAL, IF WE
DON'T COME TO TERMS WITH CANADA,
IT WILL BE HIGHLY DISRUPTIVE TO
LOTS OF INDUSTRIES.
IT WILL COST JOBS.
INCENTIVES ARE STRONG ON BOTH
SIDES TO COME TO THE TERMS.
AT THE END OF THE DAY WILL THIS
IT WILL TO THE MEAN ANYMORE JOBS
FOR AMERICANS.
IT WILL NOT MEAN ANYMORE GDP.
NOT DOING IT WOULD BE VERY
COSTLY.
IF WE ACTUALLY SEE SOME SUCCESS
A SIGNIFICANT THREAT.
BUT, YET THERE IS SO MUCH, MARK,
FOR US TO GAIN IN PRESERVING
INTELLECTUAL PROPERTY, AND
STAKE, AND WHERE WE GO.
>> YEAH.
I, I THINK, AGAIN WE'LL COME TO
TERMS HERE AS WELL.
I MEAN IF WE FOLLOW THROUGH ON
THE THREATS, YOU KNOW,
ADDITIONAL, TARIFFS ON CITIESAL
$200 BILLION WORTH OF IMPORTED
PRODUCT FROM CHINA, THAT TOO
WOULD BE QUITE COSTLY.
THAT WOULD CUT INTO GROWTH.
THAT WOULD COST AMERICAN JOBS,
CHINESE JOBS.
SO AGAIN GIVEN THE INCENTIVES, I
THINK WE'LL COME TO TERMS.
WILL THIS MEAN THAT THE CHINESE
THAT CHINESE WILL RELENT ON
INTELLECTUAL PROPERTY.
I'M SKEPTICAL.
NOTHING, LIFE GOES ON.
NOTHING CHANGED IN SUBSTANTIVE
WAYS.
TRISH:
[INAUDIBLE]
>> MORE SHOW THAN ANYTHING.
THAT IS THE CASE WITH THE
MEXICAN DEAL.
THAT IS THE CASE WITH THE --
THOUGHTS?
>> GET INTO THE TPP,
TRANS-PACIFIC PARTNERSHIP.
THAT IS THE FREE-TRADE
AGREEMENT.
AGREEMENT KEEPS CHINA OUT, CHINA
TRADE ARRANGEMENT THEY HAVE TO
PLAY BY THE RULES THAT WOULD BE
A MUCH BETTER STRATEGY.
TRISH: WHAT ABOUT SOME KIND OF
TPP, 2.0, ONE THAT AMERICANS
FEEL LIKE THEY HAVE MORE OF A
STAKE IN, AMERICAN WORKERS,
LABORERS?
THE PROBLEM, I THINK PART OF THE
PROBLEM, FRANKLY, HONESTLY WAS
THE MESSENGER, WHEN YOU HAVE
HILLARY CLINTON OUT THERE
SIGNING THIS THING AND PUSHING
THIS, AND THE OBAMA
ADMINISTRATION, WAS NOT SEEN AS
SOMETHING THAT WAS PROTECTING
AMERICAN WORKERS.
IT WAS SEEN AS ANOTHER EXAMPLE
OF GLOBALISM AND SO, PART OF
THIS STUFF IS IN THE
PRESENTATION AND IN THE
MESSAGING.
IF WE CAN ACTUALLY EFFECTIVELY
GANG UP ON CHINA, WHICH IS KIND
OF WHAT THIS IS, RIGHT, WITH
OTHER COUNTRIES THAT WE LIKE AND
WE'LL DO BUSINESS WITH,
THEREFORE FORCE THE CHINESE
HANDS, THAT COULD BE PRETTY
MEANINGFUL FOR AMERICANS, BUT
HOW DO YOU SELL THAT?
COULD DONALD TRUMP, GIVEN HIS
RELATIONSHIP WITH LABOR, BE THE
ONE TO DO IT?
>> I MEAN I WOULD ENCOURAGE HIM
TO GIVE IT A TRY.
I MEAN, THE FIRST THING HE DID
WHEN HE BECAME PRESIDENT WAS TO
SO I DON'T KNOW, WOULD BE PRETTY
YOU COULD CALL SITTING ELSE.
YOU CALL SITTING ELSE.
SAY.
ALL THESE THINGS, THE ONE GIFT
BUT HE IS TALENTED AT MESSAGING.
HE IS TALENTED AT MESSAGE AND HE
RESONATES WITH A LOT OF
AMERICANS WHO FEEL THEY HAVE
BEEN LEFT BEHIND AND THAT THEY
WILL CONTINUE TO BE LEFT BEHIND
IF IT IS LEFT TO THE SO-CALLED
GLOBALISTS.
SO IF HE CAN COME IN AND PACKAGE
THIS A LITTLE BIT DIFFERENTLY.
IS THAT WHAT THE COUNTRY NEED
RIGHT NOW?
>> THAT WOULD BE GREAT.
I MEAN, JUST FEARFUL THAT IS
JUST NOT WHERE THIS
ADMINISTRATION IS HEADED.
THINK ABOUT THE FOLKS THAT ARE
RUNNING THE TRADE NEGOTIATIONS,
YOU KNOW THE FOLKS --
TRISH: LARRY KUDLOW.
I USED TO HOST A SHOW WITH HIM.
HE IS A GOOD GUY.
YOU KNOW LARRY.
>> YOU'RE RIGHT.
I WASN'T REALLY THINKING OF
LARRY.
I WAS THINKING PETER NAVARRO.
TRISH: I KNOW PETER.
>> WHO IS LEADING THE TRAIN?