ONLY THING WE'RE FOLLOWING TODAY
JEDEDIAH: FOX NEWS ALERT
PRESIDENT TRUMP ARRIVES IN
FRANCE AHEAD OF THE G7 SUMMIT.
GRIFF: THE PRESIDENT MEETING
WITH WORLD LEADERS AS THE
ECONOMY TAKES CENTER STAGE.
PETE: CHIEF WORSE CORRESPONDENT
IS LIVE IN FRANCE, THE PRESIDENT
WASTING NO TIME GETTING DOWN TO
BUSINESS.
>> NO, NOT AT ALL PETER,
JEDEDIAH AND GRIFF GOOD
AFTERNOON TO YOU FROM FRANCE
WHERE THEY CALL A CHEESEBURGER A
ROYALE, THE PRESIDENT NOT HAVING
A CHEESEBURGER, BUT HAVING LUNCH
WITH FRENCH PRESIDENT EMMANUEL
MACRON JUST A SHORT TIME AGO
THAT WAS A BIT OF A SURPRISE WE
WEREN'T EXPECTING HIM TO DO
ANYTHING EXCEPT FOR THE BIG G7
DINNER TONIGHT AND THE
RELATIONSHIP BETWEEN THE
PRESIDENT AND MACRON HAS BEEN
SUFFERING SOMEWHAT FIRST OF ALL,
AFTER MACRON SAID THAT EUROPE
NEEDS ITS OWN EUROPEAN ARMY
BECAUSE WE CAN NO LONGER RELY ON
THE UNITED STATES TO PROTECT IT
AND THEN IN A SPEECH COMMEMORAT
ING THE 100TH
ANNIVERSARY OF THE END OF WORLD
WAR ONE, MACRON TALKED ABOUT THE
AMERICA-FIRST POLICIES THAT THE
PRESIDENT HAS BEEN PROMOTING AND
THEN, MACRON NOW IS GOING TO BE
SLAPPING TAXES ON AMERICAN TECH
COMPANIES.
THE PRESIDENT SAYS THAT HE MAY
RETALIATE BY PUTTING TARIFFS ON
FRENCH WINE, BUT AT THE LUNCH
TODAY, THE PRESIDENT SAID THE
RELATIONSHIP BETWEEN THE TWO
LEADERS IS STILL GOOD.
LISTEN HERE.
PRESIDENT TRUMP: ITS BEEN A LONG
TIME, AND IT'S JUST A LITTLE BIT
, NOT VERY MUCH, BUT WE GET
ALONG VERY WELL AND WE HAVE A
LOT IN COMMON.
REPORTER: IN BILATERAL MEETINGS
AND AT THE G7 SUMMIT MEETINGS
THE PRESIDENT IS GOING TO BE
DRIVING A PRO-GROWTH MESSAGE
TALKING ABOUT WHAT HE HAS DONE
IN TERMS OF CUTTING TAXES AND
REGULATION.
IN THEIR LUNCHMEATING, EMMANUEL
MACRON DID SAY THAT MANY
EUROPEAN COUNTRIES ARE TALKING
ABOUT CUTTING TAXES TO IN VIEGA
O RATE THE ECONOMY.
THE PRESIDENT WILL ALSO URGE THE
G7 COUNTRIES TO REFORM THE WORLD
TRADE ORGANIZATION BECAUSE THE
PRESIDENT BELIEVES THAT CHINA
REALLY HAS BEEN GAMING THE
SYSTEM, AND THE CHANGES NEED TO
BE MADE.
NOW HANGING OVER THIS G7 SUMMIT
A LOT OF UNCERTAINTY ABOUT THE
GLOBAL ECONOMY BEING DRIVEN BY
THE INCREASING TRADE WAR BETWEEN
THE UNITED STATES AND CHINA,
WHICH WAS KICKED UP A NOTCH
YESTERDAY AFTER CHINA SAID IT
WAS GOING TO IMPLEMENT TARIFFS
ON $75 BILLION WORTH OF CHINESE
GOODS ON SEPTEMBER 1.
PRESIDENT TRUMP SAID THAT THE
UNITED STATES IS GOING TO
RESPOND BY INCREASING TARIFFS
WHICH ARE CURRENTLY AT 25% BY 5%
TO 30% AND THAT WILL HAPPEN ON
OCTOBER 1, AS PART OF A PACKAGE
OF TARIFFS ON $550 BILLION WORTH
OF CHINESE GOODS AND THE
PRESIDENT ALSO SAID HE WILL
INCREASE TO 15% TARIFFS THAT ARE
SCHEDULED TO GO INTO EFFECT ON
SEPTEMBER 1, AND ON DECEMBER 15.
IN A TWEET YESTERDAY, THE
PRESIDENT ALSO ORDERING U.S.
COMPANIES TO START LOOKING
FOR ALTERNATIVES OTHER THAN TO
GET THEIR GOODS MADE OR RAW
MATERIALS FROM CHINA.
NO QUESTION THAT THAT'S GOT
COMPANIES SCRAMBLING HOW TO
FIGURE OUT WHERE THEY COULD GO.
A LOT OF COMPANIES ARE TURNING
TO PLACES LIKE VIETNAM,
BANGLADESH AND INDONESIA BUT
THEY ARE WONDERING HOW SERIOUS
THE PRESIDENT IS ABOUT ALL OF
THAT.
THE PRESIDENT DOES INSIST HE'S
GOT THE AUTHORITY UNDER THE 197M
GOT THE AUTHORITY UNDER THE 197R
GOT THE AUTHORITY UNDER THE 197E
GOT THE AUTHORITY UNDER THE 197C
GOT THE AUTHORITY UNDER THE 197Y
GOT THE AUTHORITY UNDER THE 197E
GOT THE AUTHORITY UNDER THE 197O
GOT THE AUTHORITY UNDER THE 197I
GOT THE AUTHORITY UNDER THE 197C
GOT THE AUTHORITY UNDER THE 197P
GOT THE AUTHORITY UNDER THE 197W
GOT THE AUTHORITY UNDER THE 197R
GOT THE AUTHORITY UNDER THE 197S
ACT TO DO IT AND THE PRESIDENT
ALSO TAKING ANOTHER SWING AT HIS
FED CHAIRMAN, JEROME POWELL WHO
THE PRESIDENT HAS LONG BEEN
COMPLAINING RAISED INTEREST
RATES TOO MUCH AND TOO FAST LAST
YEAR.
THE PRESIDENT TWEETING OUT JUST
BEFORE HE LEFT, WHO IS THE
BIGGER ENEMY?