Stocks rebound as US-China trade threat appears to ease
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Stocks rebound as US-China trade threat appears to ease


♪ ♪>>GOING THROUGH THE REVIEW PERIOD, WE ARE VERY LUCKY WE HAVE THE BEST NEGOTIATOR AT THE TABLE IN THE PRESIDENT, IT WILL BE A COUPLE MONTHS BEFORE TARIFFS ON EITHER SIDE WOULD GO INTO EFFECT AND BE IMPLEMENTED. AND WE ARE HOPEFUL THAT CHINA WILL DO THE RIGHT THING. LOOK, CHINA CREATED THIS PROBLEM, NOT PRESIDENT TRUMP.>>Chris: WHITE HOUSE SPOKESWOMAN SARAH HUCKABEE SANDERS DESCRIBING THE STATE OF TRADE RELATIONS BETWEEN THE U.S. AND CHINA. TIME TO BRING IN OUR PANEL. STEVE HAYES OF THE WEEKLY STANDARD. MOLLIE HEMINGWAY FROM “THE FEDERALIST,” AND CHARLES LANE AT “THE WASHINGTON POST.” STEVE, CHINA, I THINK IT’S FAIR TO SAY THAT THEY STRUCK BACK HARDER THAN PEOPLE EXPECTED, ANNOUNCING TARIFFS ON $50 BILLION OF U.S. EXPORTS, INCLUDING SOYBEANS, WHICH IS REALLY KEY, A BIG MARKET AND CHINA FOR U.S. SOYBEANS AND ALSO AIRCRAFT. BUT NO DATES WERE SET AND THE TRUMP ADMINISTRATION SAYS IT IS NOT SETTING A DATE. IT WILL GO TO A PROCESS THAT GOES INTO MID OR LATE MAY. ARE WE IN A TRADE WAR WITH CHINA OR NOT?>>WE ARE AWFUL CLOSE IF WE ARE NOT THERE ALREADY. THE BIG QUESTION IS WHETHER THIS IS BLUSTER FROM THE TRUMP ADMINISTRATION AND A STRONG PUSH BACK, CERTAINLY A STRONGER PUSHBACK THAN MANY IN THE TRUMP ADMINISTRATION HAD ANTICIPATED. PETER NAVARRO EXPECTED THAT HE DIDN’T EXPECT THEM TO RETALIATE BECAUSE THEY RECOGNIZE WE WERE JUST TRYING TO BALANCE WITH THE TRUMP ADMINISTRATION SEES AS A TRADE IMBALANCE AND LO AND BEHOLD WE ARE SEEING PRETTY SERIOUS RETALIATION. THE CHINESE WERE SMART AND STRATEGIC ABOUT HOW THEY RETALIATED. IT’S VERY CLEAR THAT THEY PICKED INDUSTRIES AND PRODUCTS THAT HELP FUEL THE ECONOMY IN RED STATES, WHERE DONALD TRUMP DID WELL, STATES THAT DONALD TRUMP WON IN. THOSE ARE GOING TO BE POTENTIALLY POLITICALLY PAINFUL FOR THE PRESIDENT IF, IN FACT, THIS GOES THROUGH. I WOULD SAY AS SOMEONE WHO BELIEVES IN FREE TRADE, I WAS ENCOURAGED BY THE RHETORIC COMING FROM THE WHITE HOUSE. WE ARE A LONG WAY FROM THE PRESIDENT’S DECLARATION JUST FOUR WEEKS AGO THAT TRADE WARS ARE GOOD AND EASY TO WIN RATED WE ARE NOT HEARING PEOPLE LIKE LARRY KUDLOW AND OTHERS SAYING TRADE WARS AREN’T GOOD. THE PRESIDENT IS A FREE TRADER. WE WANT TO TRADE FREELY, WE JUST DON’T WANT TO BE SCREWED IN THE PROCESS.>>Chris: MOLLIE, ARE WE IN A TRADE WAR OR NOT? SPEAK OF THE SITUATION IS FOR THE LAST SEVERAL DECADES, THE UNITED STATES AND OTHER GLOBAL ENTITIES HAVE TRIED TO TREAT CHINA LIKE ONE OF THE BIG BOYS IN THE HOPES THAT THEY WOULD RISE TO THE OCCASION, IF THEY HAD A GREATER PARTICIPATION IN THE GLOBAL ECONOMY, THEY WOULDN’T BE DOING ALL OF THESE HUMAN RIGHTS ABUSES, THEY WOULDN’T CONTINUE THE UNFAIR TRADE PRACTICES, THEY ARE DUMPING, INTELLECTUAL PROPERTY THEFT. WHAT HAS HAPPENED AS THEY HAVEN’T. THEY HAVE BENEFITED FROM BEING ALLOWED TO BE PART OF THAT GLOBAL ECONOMY BUT THEY HAVEN’T CHANGED THESE PRACTICES. THERE IS WORSE THAN EVER. THEY SUPPORT NORTH KOREA, THEY HAVE GAINED QUITE A BIT AND WE HAVE NOT GOTTEN MUCH. I THINK WHAT PEOPLE ARE TRYING TO DO IS PUSH BACK AGAINST SOME OF THIS AND PEOPLE WHO DO OPPOSE TARIFFS AND TARIFFS ARE A TAX ON THE PEOPLE, THEY DO HAVE ECONOMIC COSTS, THEY ALSO ACHIEVE SOME PRESSURE AGAINST OTHER COUNTRIES. PEOPLE WHO DON’T THINK THAT WE SHOULD USE TARIFFS TO FIGHT THIS MASSIVE INTELLECTUAL PROPERTY THEFT THAT COMES FROM CHINA SHOULD PROBABLY COME UP WITH OTHER GOOD WAYS TO DEAL WITH THIS PROBLEM.>>Chris: IT IS INTERESTING, CHUCK, THE FUTURES ON THE DOW JONES WERE DOWN 500 POINTS, THE FACT THAT MARKET DROPPED 500 POINTS TODAY AND ENDED UP OFF 230 POINTS. THAT IS A 730-POINT SWING. CLEARLY, THE MARKET WAS PERSUADED BY THE END OF THE DAY THAT WE ARE NOT HEADED FOR A TRADE WAR, AT LEAST NOT IMMEDIATELY AND THERE IS A POSSIBILITY THAT THIS BLUSTER AND TALK ABOUT TARIFFS MAY END UP IN A DEAL.>>IF SO, I THINK THE MARKET IS RIGHT. THERE IS A POSSIBILITY. BUT WE DON’T KNOW. IT’S GOING TO TAKE PROBABLY A FEW MONTHS TO COME TO REST ON THIS. I HAVE BEEN REPORTING ON THIS FOR THE POST OVER THE LAST WEEK TRADE FOR A LONG TIME. WHAT STRUCK ME ABOUT MY CONVERSATION THIS WEEK WITH PEOPLE WHO ARE FREE TRADERS AND WHO SUPPORT THE WTO IS HOW MANY OF THEM, EVEN MANY DEMOCRATS, WILL PRIVATELY SAY, THE PRESIDENT IS DEALING WITH A REAL PROBLEM HERE WITH RESPECT TO CHINA. CHINA HAS BEEN STEALING AMERICAN INTELLECTUAL PROPERTY. CHINA BARS U.S. INVESTORS FROM OPERATING IN CHINA, UNLESS THEY AGREE TO TURN OVER THEIR TECHNOLOGY. EVEN MANY OF THESE FREE TRADERS WERE SAYING IF IT TAKES TARIFFS TO GET THEIR ATTENTION AND BRING THEM TO THE TABLE, WE ARE FOR THAT. THE QUESTION, OF COURSE, IS ONCE THEY ARE AT THE TABLE, WHO HAS MORE LEVERAGE? WHO IS GOING TO BE BETTER ABLE TO GET TO A DEAL? ULTIMATELY, WHAT THE PRESIDENT’S END GAME IS, WHAT IS REAL OBJECTIVE IS. AND ON THAT ONE, I THINK THERE IS STILL A LITTLE BIT OF UNCERTAINTY.>>Chris: THEN, THERE IS THE SOUTHERN BORDER, AND HERE WAS THE SECRETARY OF HOMELAND SECURITY NIELSEN AT THE WHITE HOUSE TODAY.>>THE PRESIDENT HAS DIRECTED THE DEPARTMENT OF DEFENSE AND THE DEPARTMENT OF HOMELAND SECURITY WORKED TOGETHER WITH OUR GOVERNORS TO DEPLOY THE NATIONAL GUARD TOWER SOUTHWEST BORDER TO ASSIST THE BORDER PATROL. THE PRESIDENT WILL BE SENDING A PROCLAMATION TO THAT EFFECT TODAY.>>Chris: MOLLIE, THERE WAS SOME SUGGESTION, AND JOHN ROBERTS REPORTING, THE PRESIDENT’S REAL GOAL HERE, YES, HE IS GOING TO SEND THE NATIONAL GUARD, AND YES, HE WANTS TO HELP PROTECT THE BORDER, BUT THE REAL POINT HERE IS TO TRY TO PUT MORE PRESSURE ON CONGRESS TO FINANCE THIS WALL.>>EVERY PRESIDENT SINCE REAGAN HAS SENT TROOPS TO THE BORDER. THIS IS NOT NEW. WE DON’T HAVE SPECIFICS ON WHAT HE’S THINKING. BUT THIS IS A VERY POLITICALLY SENSITIVE ISSUE AND HE KEEPS ON TRYING TO DRAW THE CONTRAST BETWEEN REPUBLICAN APPROACHES AND DEMOCRATIC APPROACHES. DEMOCRATS IN PARTICULAR FEEL THIS IS A GOOD ISSUE FOR THEM TO HAVE MORE LAX ENFORCEMENT OF THE BORDER, TO ALLOW MORE PEOPLE TO ENTER THE COUNTRY ILLEGALLY, FOLLOW-UP WITH WITH AMNESTY PROGRAMS WITHOUT FIXING THE BORDER. IT WAS A HUGE ISSUE THAT HE SUCCEEDED — THAT WENT WELL FOR HIM DURING THE CAMPAIGN, TO HIGHLIGHT THAT BORDER ENFORCEMENT IS LAX AND THAT WE DON’T HAVE A REALLY SENSIBLE IMMIGRATION POLICY. THE MORE HE CAN HIGHLIGHT THIS, THE BETTER FOR HIM.>>Chris: I WANT TO GET — WE HAVE ABOUT A MINUTE LEFT IN THE SEGMENT — STEVE, TO ONE MORE THING. THE NEWS TODAY, THE SPECIAL COUNSEL ROBERT MUELLER APPARENTLY TOLD THE PRESIDENT’S LAWYERS THAT HE IS NOT THE TARGET OF A CRIMINAL INVESTIGATION, BUT HE IS THE SUBJECT OF A CRIMINAL INVESTIGATION AS PART OF AN EFFORT TO GET THEM TO SIT DOWN TO TESTIFY, AND THE FOCUS SEEMS TO BE MUCH MORE ON THE ISSUE OF OBSTRUCTION OF JUSTICE THEN COLLUSION WITH THE RUSSIANS.

41 Comments

  • sick of liberals

    Trump knows what he is doing, that's why its good we have a businessman in office instead of a stupid politician 🇺🇸🇺🇸🇺🇸 Trump 2020

  • laughing at u

    Trump isnt stupid. His end goal is a better deal not to destroy our economy. Msm would love that but not going to happen

  • Steve McAtee

    The Washington Post? Go ahead Fox. Keep it up with the anti Trump BS and you will lose your audience quickly. The only reason we are there is to follow our friends and people we admire on their independent media and radio channels. Wallace, Shepard Smith and a few others really need to go to the other team. I think the Murdoch family will see the 25,000 indictments and make some self-preservation moves. Debate, criticize in a civil manner but sedition and libel? READ THE LAW ON "STATE OF EMERGENCY!" sm

  • Doug Delane

    Trump doesn't have a clue, hes like a child. We're going to end up putting us in a worse situation then Bush did in 2008 and foot the bill yet again.

  • Günther Lehmann

    I heard that the Bank of China will remove Trump credit card. Let found a charity fund for fuel for Air force one.

  • Senor Cabeza de Grande

    Being objective, my guess is that if Mueller oversteps his bounds and attempts to discedit with some bullshit about the president someone will blow Mueller's shit away in less than 72 hours. The stupid fuck doesn't realize he is not just fucking with our president he is fucking with 100,000,000 Trump supporters at the same time. There may be another dumb ass with an attitude like the bitch at YouTube that has a boner for Mueller and his crooked crap.

  • Rred eye

    BUSH was attacked by RUSSIA in 2001, he may not have recognized PUTIN at the time but he was there with JoeLynch, a guard to White House and @HUD Buffalo Office. We did not get involved in religion, stardom and combining our jobs with religion but some members of office staff had become to STAR on TV and brought in foreigners to the Office Staff. Security Cameras are not used I guess.

  • Carl Mohr

    Trumps way of dealing with people have worked so far. It may be out of the norm but the norm has not worked. They should back him and give him a chance.

  • Brian Crane

    China cheating but they think they can punish Trump voters and we'll cave…(MSM not saying a WORD about interference in our election process)…

  • jax

    china isn't that smart….they got away with a great trade deal…bad for america…..you guys at fox hate trump …traders….horrible reporting on Trump always…..he sees you and we see you….

  • Sennie White

    All this panel needs to say is that China is a Communist Dictatorship and their leader has pledged to lead until his death.

  • Mark Green

    Perjury Trap – Interrogating a suspect of a crime and expecting them to lie about the fact that they committed the crime.

  • aradarad5

    I know I'm a know nothin about politics. but bush had condoleeza rice then obama had susan rice. now we have a huckabee sanders.? is any one else seeing a pattern here.

  • dominic pelle

    Do conservative realise Fox is a conservative media organisation that is bias and feeds conservatives what they want to hear ..and not the facts? Doubt It.

  • Trey Taylor

    WALLACE is a Garbage Human he should put his applications in to CNN msnbc Washington Post or any other fake news MSM he ruins the vibe on fox.

  • 888strummer

    It's such bullsh** when people like this first guest try to make China out to be geniuses and America and Trump out to be less strategic. And they go so far as to say that China picked products in red states to hurt Trump. China picked over 50 products that are made in almost every state; there was no specificity of red states. It sounds good to those who dislike our president, but it's simply not true. They are not as brilliant as this first guest thinks and they will lose this battle because they need us more than we need them. They have 1.6 billion people to take care of, but as we begin to open more factories and make more and more products here, we will see a slight uptick in prices but we will have better made products that last longer and China will be desperate for our business to come back

  • yes yes

    If US is losing so much and China is cheating so much then can someone please explain to me why the United States economy has out grown the Chinese economy in the last 27 years in actual dollar amounts? 1990 – US GDP $6 Trillion 2017 US GDP $19.3 Trillion. US grew $13.3 Trillion dollars. 1990 – China GDP $398 Billion 2017 China GDP $11.9 Trillion. China grew $11.5 Trillion dollars. The US has outgrown China by $1.4 Trillion during the 27 years that the media and politicians keep talking about China's tremendous growth! I mean China is robbing the United States like sooooo much, like $500B a year! How do we explain why the US still made out with more money in actual amounts? I'll tell you why, because an economy is driven by much more than just trade surpluses and deficits. That phone US pays China to make for $10 is generating $50 of profit by the US company. The deficit counts the $10 we pay China but ignores the $50 we made off of that. Want to call my stats BS? Check the link below. Dear god, I hope Trump knows something I don't and isn't acting out of ignorance. We all think we're losing so much from China but when it comes down to it, every politician stops short of doing something about it when they dive deeper into the data, they then keep their mouths shut and just talk about human rights instead.

    https://en.wikipedia.org/wiki/List_of_countries_by_past_and_projected_GDP_(nominal)

  • Lim Jo

    America will LOSS because Americans hv NO PRIDE !! Because If american's wallets shrunk, they will sure vote the America's President out of the White house.But China Chinese is more united than American !!!

  • Jason Yang

    The fact most of u think China will get fucked. Well,I think you r cute. Plus why r u here since u hate Fox news

  • kenneth worde

    PL understand there subsided all thier industries, they are building thier aviation, on our stolen tech, cut off all food and subsidises to Farmers, boycott all Chinese products, they lose,? Bonds, gold, freeze all assets! Don't pay off?! They lose their economy will collapse before us! People have to understand, it's called Trade War! BECAUSE IT'S WAR! With actual casualties, but it would actually also create opportunities for the US! Then EU will do the same thing! India doesn't trade with China, no one really needs anything from China?! If so what? Tell US

  • Black Swan

    When DJT is tough BUT fair, and seen to be tough the Chinese back off AS THEY KNOW THEY HAVE SHAMELESSLY STOLEN US PATENTS, copied machines, drawings, processes etc etc etc etc etc and enriched the party/ army/ princes
    Other countries like India (trade balance 99 C:1 I) can learn from DJT instead of sending BEGGING EXPEDITIONS TO BEIJING saying please please buy something anything … some rice ….????

  • DAVID OLIVER

    Has anyone thought about this China will impose tariffs on food products, don't you think if they could get the pork or soy from somewhere else that they would try to get it cheaper from there. They can't so let them eat bamboo.

  • Diane Merwin

    Of course China is putting "import tariffs" on soy beans and pork to cover Their Ass. Those are two of the biggest products that China "exports" back to the United States in processed frozen foods and dog foods.

  • Dan C.

    How would it affect me/us if the US "banned" every single Chinese product from entering the US market ?? … one thing is for certain , we'd stop wasting our hard earned pay checks on JUNK merchandize that falls apart 2 days after you start to use it !!

  • TheBestWayOne

    Look at Harball and cheating politicians supporting communist cheating China Made over American fair made, shame on them.
    Support fair Made like Made In The USA. Slanted news again (Aka fake news) Americans fooled no more, Patriots standing up to the media " Bs " they spew out day after day, not supporting America First and fair Made In The USA.

  • g bridgman

    We should deploy the national guard to sanctuary cities. Trump wants to enforce immigration laws already in place. Congress doesn't.

  • Scary Dreamer

    Fox, you've spoken too soon. Markets will be red tomorrow due to the new $100 billion tariff announcement.

  • PHTX

    China should remove in their country anything Trump: hotels, Ivanka shoes, Trump ties, etc. Let Trump manufacture those in the US.

  • Sentinel-64

    So basically, China is being strategic, they put tariffs on products that come from areas with huge trump supporters. So if this goes through, the people that will be affected the most are those that support trump.

  • Jonathan Mosher

    The market is unstable as fuck now on 4/6/2018 -600 points and falling and FOX doesn't even report it, yet they cheer for 2 days about a +300 rebound and call the idiot Trump a god!!! FOX is destroying AMERICA, it's no better than Goebbels propaganda machine in NAZI Germany.

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