TOLD THE PRESS THAT
COMMODITY PRICES ON BEEF
AND CHICKEN HAVE
PLUMMETED AND PORK AND
DEMAND IS NOT KEEPING UP
WITH SUPPLY.
OUR NEXT GUEST SAYS
WHILE MADE IN AMERICA IS
ONE OF THE MOST
TREASURED BRANDS IN THE
OF AMERICAN WORKERS.
FORMER US TRADE
REPRESENTATIVE
AMBASSADOR.
ARE RIGHT, AMBASSADOR,
AS WE WAIT A COUPLE
ISSUES TO TACKLE AN
FIRST TO THE GOLDMAN
CALL THAT EARNINGS WILL
INTENSE THAN WHAT WE
HAVE SEEN.
DON'T WE HAVE TO WAIT
AND SEE FIRST HOW THIS
PLAYS OUT BEFORE YOU CAN
ATTACH A NUMBER TO IT?
>> I THINK WE DO, BUT
I'M GUESSING THAT THERE
WHAT THEY ARE
FORECASTING THAT ON IS
IF WE WERE TO GO THROUGH
WITH ALL OF THE PROPOSED
TARIFF INCREASES THE
PRESIDENT IS RECOMMENDED
WE WOULD HAVE THE FIRST
WIN AGAINST CHINA AND
THAT RETALIATION WHICH
YOU HIT, PORK AND BEEF
EXPORTS, BUT NOW THE
PRESIDENT HAS PROPOSED A
TARIFF ON CARS FROM THE
EUROPEAN UNION UNDER THE
NATIONAL SECURITY
GUIDELINES AND AN
ADDITIONAL TWO TO 300
DOLLARS IN TERRACE ON
CHINA AND UNDER THAT
SCENARIO, I THINK, YOU
COULD GET TO THOSE
NUMBERS I GOLDMAN IS
TALKING ABOUT, BUT YOU
ARE CORRECT WE ARE NOT
THERE YET AND I THINK WE
HAVE TO HOLD WITH THE
FROM DETROIT THAT
ANOTHER WAY FORWARD.
THEM WHO ARE OUT THERE BEATING
THE DRUM AND SAYING YOU CANNOT
DO THIS.
SPOKEN OUT.
JACKIE OF INDIANA, JEFF
FLAKE OF ARIZONA.
YOU HAVE OR IN HATCH OF
UTAH, THESE ARE THE
PRESIDENTS OWN PARTIES
SAYING YOU HAVE TO BACK
OFF.
>> WE HAVE SEEN
REPUBLICANS SAY THAT,
BUT I HAVE TO REMIND
YOU, LIZ, AS THE
REPUBLICAN CONGRESS-- ME
WHEN I WORKED FOR
PRESIDENT OBAMA,
CONGRESS HAS
THROUGH THE OFFICE OF
THE PRESIDENT AND SO IF
FOLLOWED PROTOCOL THAT
HAS BEEN PUT IN PLACE
THEM ALMOST-- AND
REASON MOST OF US OBJECT
TO TARIFFS IS SUCH A
BLUNT INSTRUMENT AND
ALWAYS INVITES
RETALIATION AND THEN YOU
DO END UP ON THE ROLE TO
THE TYPE OF HEAD TURNING
THE FIRST PRODUCT THE
PRESIDENT TRUMP HIT WITH
TARIFFS WAY BACK
JANUARY 23, AND THAT
WILL BE INTERESTING TO
COULD WHIRLPOOL SURPRISE
OR THAT PEOPLE WERE
FORCED TO BUY WHIRLPOOL.
I PERSONALLY WHEN I WAS
BUYING A NEW WASHER AND
DRYER, I TALKED TO 12
DIFFERENT PEOPLE AND
THEY SAID THE LG MADE IN
KOREA IS AMAZING, BUT
GUESS WHAT, LG HAS
MOTHBALLS, PLANS THAT
HAD BEEN CLOSED AND IF
MACHINES.
>> WELL, AN INTERESTING
PHENOMENON IF YOU RECALL
THE PRESIDENT I THINK
SAY YOU WERE GOING TO
MOVE THOSE MANUFACTURING
JOBS TO MEXICO,
ABOUT WHIRLPOOL IT WAS
THE PRESIDENT'S
ALUMINUM THAT WHIRLPOOL
NEEDS TO BUILD THOSE
WASHING MACHINES THAT
IRONICALLY HAS NOW MADE
THEM COMPETITIVE AGAINST
PRODUCTS THAT COME FROM
KOREA AND JAPAN THAT
AREN'T SUBJECT TO THOSE
TARIFFS AND THAT'S WHY
THROWING TARIFFS ON AN
ITEM OR COMPONENT DON'T
MAKE SENSE BECAUSE SO
MANY OF OUR AMERICAN
MANUFACTURERS, SO MANY
WHITE HOUSE LAWN PROUDLY
COMPONENTS NOT JUST IN
THE US, BUT SOURCED
GLOBALLY AS WELL AND
THAT'S WHY I THINK YOU
SEE SO MUCH NERVOUSNESS
AND OBJECTION TO THE
PATH THAT THE
ADMINISTRATION HAS
CHOSEN.
LIZ: IT'S IMPORTANT TO POINT OUT
AND I DON'T KNOW IF YOU CAN SEE
BUT WHIRLPOOL STOCK IS DOWN 12%
SINCE THE TARIFFS ON WASHING
MACHINES WERE PUT IN PLACE, SO