>> WE WELCOME AND ENCOURAGED
JAPANESE INVESTORS TO OPEN NEW
PLANTS AND FACTORIES IN THE
UNITED STATES AND THAT WILL
HAPPEN.
THE PRIME MINISTER HAS TOLD ME
THAT WILL HAPPEN.
CHERYL: PRESIDENT TRUMP
DISCUSSING TRADE WITH JAPANESE
PRISON SHINZO ABE AHEAD OF THE
G7 SUMMIT IN CANADA WHICH STARTS
TOMORROW.
TENSIONS OVER TERROR OF CERTAIN
TO BOIL OVER.
MR. TRUMP REMAINED STEADFAST ON
HIS TRADE POLICIES.
WE ARE BRINGING IN ONE OF THE
WORLD'S MOST FOREMOST
AUTHORITIES ON GLOBAL.
FROM THE FLETCHER SCHOOL OF LAW.
PROFESSOR THANK YOU FOR BEING
HERE.
>> THANK YOU, CHERYL.
CHERYL: REPRESSOR WHAT WAS YOUR
MAIN TAKE AWAY FROM THE NEWS
CONFERENCE IN THE ROSE GARDEN
LAST OUR?
>> I THINK IT'S UNCERTAIN
WHETHER WE WILL SEE MORE
JAPANESE INVESTMENT IN THE
UNITED STATES.
THE JAPANESE INVESTMENT INTO THE
UNITED STATES TO BUILD TOYOTA OR
NISSAN TO TAKE ADVANTAGE OF THE
NORTH AMERICAN MARKET AND THE
ABILITY TO SOURCE INTERMEDIATE
PRODUCTS FROM MEXICO AND CANADA
AND THE ABILITY TO SOURCE STEEL
AND ALUMINUM FROM AROUND THE
WORLD.
IF THERE INCREASED TARIFFS ON
THOSE THINGS THAT DOESN'T MAKE
FOR GOOD INVESTMENT TO UNITED
STATES.
I RECENTLY READ INVESTMENT OF
UNITED STATES'S JOBS -- DROPS TO
23% IN THE PAST YEAR SO I DON'T
KNOW WHAT HIS CAUSE THAT BUT IT
MAY BE A RELUCTANCE TO INVEST IN
A COUNTRY WHERE THE ABILITY TO
HAVE SUPPLY CHAINS FOR FACTORIES
--
CHERYL: THAT'S AN INTERESTING
TAKE.
LET ME ASK YOU ABOUT THE G7
QUE
QUÉBEC CANADA IT STARTS
TOMORROW.
IT'S BEING CALLED THE G6 PLUS
ONE.
NORMALLY THE UNITED STATES IS A
LEADER WHEN IT COMES TO G7.
WE ARE THE ONES THAT SET THE
AGENDA BRINGING DEAL TO THE
TABLE.
IT'S BEING CHARACTERIZED AS THE
OPPOSITE AND ART TRADE POTENTIAL
TRADE WAR AGAINST THE COUNTRY IS
GOING TO CAUSE TENSION.
WHAT ARE YOU EXPECTING?
>> I THINK YOU ARE RIGHT.
THE UNITED STATES IS THE LEADER
OF THE WEST AND THIS IS A GROUP
OF WESTERN COUNTRIES INCLUDING
JAPAN CANADA AND ALL OF EUROPE
AS WELL AS SPECIFIC EUROPEAN
COUNTRIES AND THE UNITED STATES
HAS BEEN THE LEADER BUT NOW IT'S
LOOKING LIKE A ROGUE STATE.
LAST WEEK WITH WHISTLER AND THE
FINANCE MINISTERS SUMMIT THE
OTHER SIX COUNTRIES EXPRESSED
UNANIMOUS CONCERN AND
DISAPPOINTMENT.
THAT'S THE DIPLOMATIC EQUIVALENT
OF SCREAMING BLOODY MURDER.
I THINK PRESIDENT TRUMP WILL
HEAR SIMILAR KINDS OF
EXPRESSIONS OF CONCERN AND I'M
PRETTY CONFIDENT THAT WE WON'T
HAVE MUCH TO RESPOND TO.
YOU CONTINUE TO SAY I'M IMPOSING
FEES 25% TARIFFS ON STEEL AND
10% TARIFFS ON ALUMINUM PRODUCTS
FROM THESE COUNTRIES THAT ARE
OUR ALLIES AGAINST OTHER
COUNTRIES THAT TRULY CHALLENGE
US IN THOSE COUNTRIES ARE
UNDERSTANDABLY DISMAYED AND
AGAINST THE UNITED STATES.
CHERYL: I WANT TO LET OUR
VIEWERS KNOW WE ARE LOOKING AT
SECRETARY MIKE POMPEO GIVING US
AN UPDATE ON THE SUMMIT AND
PREPARATIONS FOR NEXT WEEK WITH
NORTH KOREA.
IF WE HEAR ANYTHING OUT OF THIS
WE WILL BRING IT TO OUR VIEWERS
BUT I WANT TO KEEP TALKING WITH
YOU ABOUT THE LARGER PICTURE
HERE AND WHAT WE WILL BE
EXPECTING TOMORROW AND SATURDAY.
WITH THE EU WE HAVE HAD OUR
PARTNERS WITH THESE TARIFFS IN
YOUR REFERENCE THAT BUT WHAT
ABOUT THE RETALIATORY EFFORTS?
THAT COORDINATE INVOICE IF YOU
WILL AMONGST THE G6, PUN
INTENDED ON THAT ONE.
IS THAT A DANGER TO THE U.S.
ECONOMY EVEN IF PRESIDENT TRUMP
DOESN'T LISTEN TO WHAT THEY HAD
TO SAY AT THE MEETING?
>> I THINK THOSE COUNTRIES HAVE
ALREADY SAID THAT THEY ARE GOING
TO RESPOND WITH TARIFFS ON
UNITED STATES AGRICULTURAL
PRODUCTS, ON BOURBON FROM
KENTUCKY, MOTORCYCLES FROM
WISCONSIN AND CHEESE FROM
WISCONSIN AND THEY ARE TARGETING
THE PLACES WHERE THE MOST
IMPORTANT REPRESENTATIVES HAVE
THEIR CONSTITUENCIES AND THEY
ARE TRYING TO IMPOSE POLITICAL
PRESSURE ON THE UNITED STATES.
THAT WILL HAPPEN UNLESS THERE IS
A SUDDEN CHANGE IN POLICY.
THEY ARE NOT TAKING A WEAK
POSITION AND THEY ARE UNITING
AGAINST THE UNITED STATES ENERGY
SIX IN THAT SENSE.
CHERYL: LIKE I SAID PUN INTENDED
ON THAT ONE.