LIZ: THE CLOCK IS TICKING ON TWO
MAJOR TRADE EVENTS.
FIRST, THE CHINESE DELEGATION
REALLY CONTENTIOUS.
THEY ARE ARRIVING JUST HOURS
BEFORE A NEW ROUND OF TARIFFS IS
SET TO BE UNLEASHED ON $16
BILLION WORTH OF CHINESE GOODS.
WILL THERE BE A STAY OF
EXECUTION ON THESE TARIFFS?
A FAR CLEARER PICTURE IS
EMERGING FOR THE MEXICANS IN
THEIR BATTLE WITH THE U.S. ON
NAFTA.
RUMORS WERE SWIRLING THAT A
HANDSHAKE DEAL ON NAFTA BETWEEN
THE U.S. AND MEXICO WAS POSSIBLE
FOR TOMORROW, BUT IN THE LAST 12
TRADES CLIFFHANGERS, SO TO
SPEAK?
JILL TRACTMAN IS FROM THE SCHOOL
OF INTERNATIONAL LAW AND
DIPLOMACY AT TUFTS UNIVERSITY.
GAME IT RIGHT NOW, WHICH ONE,
MEXICO OR CHINA, IS MOST LIKELY
TO SUCCEED IN THE NEXT 24 HOURS?
>> IN THE NEXT 24 HOURS, I THINK
YOU MIGHT SEE SOMETHING POSITIVE
ON THE NAFTA FRONT.
I DON'T THINK THAT PRESIDENT
TRUMP IS READY TO BACK DOWN ON
THE $50 BILLION WORTH OF CHINESE
GOODS THAT ARE GOING TO BE
SUBJECT TO TARIFFS AS OF
TOMORROW, WITH TOMORROW'S $16
BILLION ADDED.
READY TO BACK DOWN.
THE TREASURY ISN'T NORMALLY THE
BODY THAT'S RESPONSIBLE FOR
THAT MIGHT BE A SHERPA FOR LATER
ARRANGEMENTS.
LIZ: YOU MENTIONED $16 BILLION
PRODUCTS.
THERE'S A WHOLE PANOPLY OF THEM
THAT WILL SUDDENLY BE SLAPPED
WITH 25% TARIFFS.
CONVERSELY, THE UNITED STATES,
THEY ARE DOING RETALIATORY
LIKE 333 U.S. PRODUCTS THERE.
YOU TALK ABOUT AUTOS, FOREIGN
TALKING ABOUT INDUSTRIALS,
ALUMINUM AND STEEL, OF COURSE,
AND ALL KINDS OF OTHER ISSUES.
WHICH OF THESE HAS THE
POTENTIAL, IF TARIFFS ARE
SLAPPED ON THEM, TO AT LEAST
SLOW DOWN IF NOT DERAIL WHAT HAS
BEEN AN INCREDIBLE GROWING
ECONOMY HERE IN THE UNITED
STATES?
>> WELL, AS YOU SAID IN YOUR
EARLIER SEGMENT, LIZ, THE UNITED
STATES FEDERAL RESERVE STAFF HAS
SAID THAT THEY ARE CONCERNED
ABOUT TRADE DISPUTES CAUSING
PROBLEMS FOR THE ECONOMY.
WAYS IN WHICH WE ARE TRYING TO
SO AS WE PUT TARIFFS ON STEEL
INDUSTRIAL GOODS.
AS CHINA RETALIATES IN AREAS
LIKE AGRICULTURE, THAT HURTS OUR
FREE MARKET ECONOMY WHERE PEOPLE
MOST IMPORTANTLY, WITH SUPPLY
CHAINS THAT ARE VERY EFFICIENT
IN A WAY THAT ALLOWS THE UNITED
STATES PRODUCERS TO PRODUCE
SUFFICIENTLY.
LIZ: WE HAVE THIS LONGEST BULL
MARKET, WE HAVE BREAKING NEWS
BUT PROFESSOR, TELL ME, WE HAVE
IS COMING IN, HE'S A SOCIALIST.
THEY WANT TO GET THIS DONE
REALLY QUICKLY WITH NIETO WHICH
IS THE CURRENT PRESIDENT.
THERE SEEM TO BE STICKING POINTS
ON OIL BECAUSE IT USED TO BE
NATIONALIZED IN MEXICO AND IT
WAS NEVER PART OF A '94 NAFTA.
WHAT HAPPENS HERE?
>> THAT'S EXACTLY RIGHT.
IT WASN'T PART OF THE '94 NAFTA
BECAUSE IT WAS OWNED BY THE
GOVERNMENT.
THE UNITED STATES WANTS A
CHAPTER IN NAFTA THAT WILL LOCK