>> DOESN'T SEND THAT MESSAGE
JUST THAT WE ARE HERE TO
DISRUPT.
>> BY THIS TIME TOMORROW 34
BILLION DOLLARS OF GOODS WILL
BE HIT WITH TARIFFS.
EXPECTED TO BE IN FULL EFFECT
ON CHINESE IMPORTS, FIRING THE
FIRST SHOT IN A TRADE WAR.
CHINA RESPONDING IMPLYING IT
WILL ONLY SHOOT THE U.S. IN
FOOT CHINA EXPECTED TO
RETALIATE WITH TARIFFS OF ITS
ARE SUPPOSED TO GO IN EFFECT
FRIDAY BUT IF CHINA IMPLEMENTS
-- FRIDAY STARTS AT NOON
EASTERN TIME TODAY.
.
SO THEY ARE WAITING UNTIL THE
U.S. MAKES THE FIRST MOVE, WHY
THE SYMBOLISM.
WAGING A TRADE WAR AGAINST
U.S. FOR DECADES MAYBE THE
FIRST SHOT U.S.-CHINA DEFEND
ITSELF ISSUING UNDER SECTION
INTELLECTUAL PROPERTY IN
HUNDREDS OF BILLIONS OF
DOLLARS A YEAR U.S. HAS GOT TO
DO SOMETHING PEOPLE MAY NOT
LIKE TARIFFS U.S. HAS TO
RESPOND IN SOME FASHION.
DAGEN: I POINTS OUT
REPEATEDLY THAT CHINA HAS A
LOCALITY MORE WEAPONS OUT IN
ITS ARSENAL, IN TERMS OF
FIGHTING US ON THIS OTHER THAN
TARIFFS, THERE IS A REPORT
THIS MORNING IN "WASHINGTON
POST" SOMETHING THAT I
POINTING OUT THAT THEY CAN
JUST RAMP-UP INSPECTIONS, ON
U.S. COMPANIES, IN THAT NATION
THERE IS A PET FOOD COMPANY
THAT "WASHINGTON POST"
MENTIONED, THAT THEY CAN MAKE
COUNTRIES, ON HURT OUR FARMERS
WITHOUT PUTTING A TARIFFS ON
SOYBEAN IMPORTS.
>> IF THEY DON'T BUY FROM US
GOT TO BUY FROM BRAZILE CAN'T
SELL TO ITS CUSTOMERS BECAUSE
THERE ARE SO MANY SOYBEANS IN
THE WORLD THIS MOMENT AMERICA
WILL SELL TO BRAZILE'S
CUSTOMERS PRICES GO DOWN A
LITTLE BIT U.S. SOYBEAN
FARMERS SWITCH TO CORN ALREADY
DOING, THE OTHER POINT DAGEN
IS REALLY, REALLY IMPORTANT.
ABOUT U.S. COMPANIES IN CHINA
BEING HOSTAGES, A LOT OF
CHINESE OFFICIALS ARE REALLY
UPSET AT THE RULER OF CHINA
FOR SUGGESTING THERE IS GOING
TO BE RETALIATION AGAINST U.S.
TONES BECAUSE THEY ARE WORRIED
ABOUT OBVIOUSNESS THAT UNITED
FROM CHINA CHINESE ARE REALLY,
REALLY WORRIED ABOUT THAT.
TALKS ABOUT, BUT THEY ARE
GOING TO BE RELUCTANT TO
BECAUSE THEY REALIZE IT HURTS
CALCULATION BY PRESIDENT TRUMP
THE TRUMP ADMINISTRATION,
GOING AFTER CHINA THAT WE
IMPORT MORE THAN 4500 BILLION
DOLLARS GOODS EVERY YEAR THEY
IMPORT 130 BILLION DOLLARS
FROM US IF WE PULL BACK HURTS
CHINESE INVESTMENT INTO U.S.
COMPANIES I THINK IS DOWN 92%
THIS YEAR.
>> ONE MORE THING, 610 MILLION
DOLLARS THAT FLEW OUT OF THEIR
EQUITY MARKETS, TO OTHER
ECONOMY THAT IS THE ENGINE FOR
>> NOT A GOOD THING WE HAVE
BEEN SHOWING THAT SHANGHAI
COMPOSITE IS DOWN .91%, BUT
THAT IS STATE ENTERPRISES THE
TECH-HEAVY DOWN 1.9% CHINEX
DOWN 2.1% TODAY ON BACK OF
PERSISTENT LOSSES, SHANGHAI
COMPOSITE EVEN THOUGH STATE
ENTERPRISE HEAVY IS WORST
PERFORMING MAJOR INDEX IN THE
WORLD THIS YEAR.
>> RIGHT.
LEADERSHIPING CHANGES OFFICIAL
>> SHAKING HIS HEAD AGAIN
TRYING TO GET U.S. TO LIFT
THIS BAN, ON ZTE SELLING INTO
SETTED TO ANOTHER SUBSTITUTING
ONE SET OF BAD ACTORS FOR
ANOTHER SET YOU KNOW THIS IS
THEY ARE ALL DOMINATED AND
THESE GUYS WORK FOR THE
COMMUNIST PARTY GOING TO
FOLLOW DIRECTIONS SO THIS DOES
NOTHING FOR US, THIS IS
BAD GUYS THIS IS SILLY.
>> WE CAN END UP CUTTING OFF
ZTE BECAUSE AGAIN, THE
PRESIDENT, GAVE THEM A
HIS WAY WE WILL NOT CUT OFF
ZTE THESE GUYS VIOLATED IRAN
NORTH KOREA SANCTIONS, THEN
THEY VIOLATED THE CONSENT
DECREE WITH UNITED STATES.
>> AND LIED ABOUT IT THE REST
OF IT SO UNITED STATES NEEDS
AMERICAN EXAMPLE THIS IS NOT
JUST ZTE WE'VE GOT WOWA.I.
NEXT JUSTICE DEPARTMENT
CRIMINAL INVESTIGATION WE
SHOULD GO HARD AFTER THAT AS
ABOUT GORDON I WANT YOUR TAKE
ON IT SECRETARY OF STATE MIKE
POMPEO HEADING TO NORTH KOREA
FIRST TRIP SINCE SINGAPORE
SUMMIT HAD A GOAL OF QUOTE
REPORTS THE U.S. COULD BE
HAPPENING WITH NORTH KOREA.
THERE.
SANCTIONS THAT CHINA HAS
LOOSENED ITS ENFORCEMENT AFTER
THE SUMMIT, MOVING GOODS
ACROSS THE BORDER NORTH
SPLOITH LOOPHOLES WHAT DO YOU
MAKE THIS HAVE.
ESSENTIALLY LOOK KIM JONG-UN
MADE A DECISION, TO GIVE UP
NUCLEAR WEAPONS OUR POLICY IS
BASED ON THAT ASSESSMENT OF
KIM'S INTENTIONS, SO YOU KNOW
OUR POLICY MAKES SENSE, IF
THAT IS INDEED THE CASE, BUT
IF IT DOESN'T OUR POLICY IS
REALLY BAD AS YOU POINT OUT WE
HAVE BEEN LETTING UP ON
SANCTIONS, WE HAVE SUSPENDED.
>> WE HAVE OR CHINA HAS?
>> WELL, WE HAVE GIVEN UP IN
THE SENSE, BECAUSE WE'RE NOT
DESIGNATING NEW FUND
COMPANIES, THE NORTH KOREANS
IT WE'RE NOT DESIGNATING NEW
FUND COMPANIES THAT IS "THE
WALL STREET JOURNAL" REPORTING
FROM END OF MAY, AND WHEN YOU
DO THAT WE ALLOW NORTH KOREANS
TO HOLLOW OUT SANCTIONS AT THE
SAME TIME WE HAVE NOT BEEN
EMBOSSING COSTS ON CHINA FOR
BLAIT ANTE VIOLATING SANCTIONS
YOU REFER TO AS WELL NOT JUST
CHINESE RUSSIANS AS WELL
MEANS WE ARE GOING TO HAVE
THE HAPPILYER ON THEM.
>> NEW PHOTOS MORGAN DID SHOW
THAT KIM JONG-UN IS CONTINUING
TO DEVELOP NUCLEAR WEAPONS, A
LEAK THAT NOR INCREASED
PRODUCTION OF NUCLEAR FUEL AT
MULTIPLE SITES PEOPLE UPSET
THERE WAS LEAK NONETHELESS I
HAVEN'T HEARD ANYBODY SAY THAT
THIS INFORMATION FROM
INTELLIGENCE SOURCES IS WRONG.
>> GORDON AND I FAVORITE THING
TO TALK ABOUT NORTH KOREA, BUT
I THINK GORDON ESPECIALLY ON
SANCTIONS I THINK ANYONE WHO
HOOVED NORTH KOREA MORE THAN 5
MINUTES KNOWS THEY ARE LIARS
CHAETS THIS IS MY SURPRISE --
FACE.
>> BUT ON A SERIOUS NOTE I
THINK THAT THE -- THE
SANCTIONS PART IS MOST
HE CAN COME HOME WITH SOME
SORT OF BIG WIN THIRD TRIP THE
PRESIDENT HAS GONE OUT OF HIS
WAY TO TRY TO FIND A PEACEFUL
SOLUTION WE HEARD GOVERNOR
HUCKABEE SAY THERE IS A POINT
YOU ARE TAKING ADVANTAGE
GOOD-FAITH EFFORT DO YOU THINK
THE SECRETARY WILL GET THAT ON
THE TRIP.
>> I HOPE THAT HE DOES, THERE
IS A LOT OF REPORTING TO SAY
THAT HE IS NOT, AND THIS IS
REALLY THE TIME FOR THE