Sunday Morning Futures With Maria Bartiromo - Kevin McC 03/11/18 10AM | March 11, 2018 Breaking News
/ Fox and Friends I'm already logged in to get your comments, Joanna. Thanks. Rafi is not they've got a great Sunday. Good. Sunday morning president, Trump on the brink of history with potential, talks with Kim jong-un some, allies pushing back after the White House imposes, new tariffs on steel and aluminum imports, and voters, in Pennsylvania getting, ready to go to the polls Tuesday for a race that could preview the, battles ahead in the midterms good morning everyone thanks for joining us I'm Maria Bartiromo, welcome, to Sunday morning futures President, Trump says potential, talks with Kim jong-un could bring the world's greatest deal but. What are the risks of sitting down with the North Korean leader I'll speak live with House Majority Leader Kevin McCarthy coming. Up velocity'. Weds, former UN Ambassador John, Bolton about, North Korea then, the EU and others responding, to new US tariffs, on imported steel and aluminum what is the fallout what, is the impact on American jobs White House trade advisor Peter Navarro will join me live in just, two days until the special election in Pennsylvania's, eight-teen, congressional. District is that tight race a glimpse, of what's to come in the November midterms all that coming up right now as we look ahead on Sunday morning futures. And his start meeting in the making President Trump last night saying that it could be significant, or nothing at all when he sits down with North Korean leader Kim jong-un. A time. And place has not officially been set yet but the meeting is expected to happen by the end of May this year meanwhile, the White House says it wants to see concrete actions, from the north on its nuclear program, ahead of any direct talks, jeanna me right now is House Majority Leader, Kevin McCarthy of, California common. It's great to see you well thanks for having me back home thank you so much for joining us we have a lot to get to with you this morning but, let me start off with these talks a huge gamble with a communist, state that is hard to read what, are your thoughts on this meeting between the president and Kim jong-un my, first thought is the. Way the presidents handled this is correct, a lot of people, didn't. Think that he, played, rougher with China and rougher with North Korea and there, there are risk but there are a greater risk not to have them there closer than ever before to be able to have that nuclear weapon and that ICBM, to be able to hit the United States so time is of the essence, but I think what has happened the, number of sanctions that we have passed in the house, the. Pressure. That the president has put on he. Moved to aircraft carriers, off over there that. Is having an effect and I think it's right from this perspective of where this president going and remember, no. Sanctions, are coming off no change and the president, is saying, you have to denuclearize, if you want anything to happen yeah one year ago he said fire, and fury yeah this, country will be met with fire and fury if they make a wrong move and it does feel like that tough talk was effective and. The president he's. Kept all options, on the table he cannot allow from, the perspective, of kim. Jeong-hoon to have a nuclear weapon that can hit the United States or to periphery. And sell that everywhere across the world so do you want you want action before the meeting I mean they're not going to do nuclear ties, before the meet not but they're not going to have any more tests but I think we've got to continue to keep the pressure on and just, put the pressure on China, as well let, make sure this needs to have a change let me move on to another subject here, at home we've got a big election coming up this Tuesday, the special election in Pennsylvania. Do you view that as a proxy, to the midterm elections I don't, view it as a proxy because if you if you take that person, there's already been five special, elections, and Republicans, have won all five of those now, this, is a little unique situation. Because in Pennsylvania. What the Democrats, did and this is really Barack Obama on others they've gone and they politically, redrew, the lines so, whoever turns out and. Wins in tomorrow's, election, they, will no longer have a seat right there they'll have to run someplace else and I hope the Supreme Court takes a look at that and puts a stay on this position of redrawing, these lines politically, but, in this race the. Intensity, level is a little higher with, Democrats, but if you look at everybody, in there the low propensity especially, on a special, election if everybody, turned out we, would win by 10 or 12 points but this is a very tight race going in and the number one question should, be do, you want another person added, to Congress that's going to be another vote for, Nancy Pelosi to become Speaker because that is what she's doing around the country that's her desire to be able to be there to go back and what did the Democrats, propose just last week to, remove all the tax cuts that have spurred our economy's, growth and raise the taxes, on you so that's the real question, come, tomorrow so everybody needs to turnout and Rick's, a koan not, only is a veteran, he's an expert when it comes to North Korea he would be a great addition in Congress and he'd help us at a time that we actually need the help the most the president, has been saying look we need more Republicans, in the House in the Senate because we need to get these policies, passed now, Nancy Pelosi is walking back the whole Krum statement, saying oh we all like when people get bonuses, but do you think that hangs over the Dems come November, well, I comments, like that it, does because when I go across the country I was just Andy, Barr was telling me a story where he went across doing, a listening session there.
Was A guy, in Kentucky, who says I'm getting $50. More a month that's more than $500, a year and all his own he says you tell Nancy that's not a crumb from where I come from, it's the respect and honor but the way she treats people and think it's not only does she think they're crumbs she's, gonna repeal, the tax bill she's gonna raise your taxes, and tomorrow. People, have a ability. To say no to that going into the November elections you have the wind at your back certainly, the Republicans, with the tax legislation passed, the, rollback in regulations, but now we have this issue of tariffs a hundred, of your colleagues, have sent to know to the White House to the president asking him to rescind, this these tariffs, on aluminum and steel where, do you stand on this have you spoken with the president about it I mean this is an issue that has divided the party got everybody from corporate CEOs to the Wall Street Journal editorial board, talking. About this being a bad idea well, we talked to the president about a lot a lot of this and what, Sun you this is not unusual to hear the president say this because he's been saying it for 30 years he campaigned, on this and from one perspective the president will say a campaign. And I trying, to keep a promise but, it also shows the president's, listens because, look at what the final version came out he gave exemptions, so Canada the person that we import, them more most from exempted. Mexico. He just said Australia, it could be our allies, because, the real problem here the president is correct china. Produces the, most, steel. And aluminum, 49%, of steel 53%, of it but not a direct direct, but they subsidize, it and they're, flooding, the world market, that, is a problem, now we only take 1% in so this really is a message, to China by giving the exemption, and others know nobody, wins in a trade war I believe. In free and fair trade, and I get concerned, about this but, I think a lot of this discussion and what's happening right now has a little more to do with NAFTA, but also think the pressure that is putting on China when it comes to steel, and aluminum, when you're trying to have a negotiation about North Korea I think it may wake them up a little bit going into the Pennsylvania special, election, the president's going to rile up all of these people who are right in steel country, so, it was the timing obviously, not. A coincidence I, guess but but let me ask you about the China story I'm gonna speak to it to Peter Navarro coming up what. Do we do about China, because you've said it Paul Ryan has said it you'd like to see something more surgical, is that what you mean when you say surgical that you want to see something direct, with against China well if we're gonna have to China let's not punish our friends right yeah the other point you have to remember too there's. Thousands, and more jobs that, manufacture. Use UD utilizing. The steel and aluminum then those that actually exactly, six and a half million jobs of those five percent of the GDP how come you're doing less, than 1% so that's a fear that's why you do not want to get in a trade war either with this and that's why they. They also allowed the Commerce Secretary Wilbur. Ross to, exempt. Products as well so there's a lot of exemptions here and I take that as the president's, willingness to listen to us in Congress, and listen to business because, we've got an economy moving, like we have not seen since the 80s and we're we're, we're a beginning, the America comeback and I think this. Will actually from, a point of having the exemptions, help, us in some part and make sure we do not get into trade so what can you get done before the elections, I mean we're in the next block we're gonna talk about this school safety bill that's moving in, in Congress as well as these great economic, numbers is there anything you see getting done before.
The November elections, aside, from from, that I mean what about like for example NAFTA, would you would you expect that new NAFTA deal within 20 days before the Mexico elections I would like to see an F the deal done now and, remember, it's just not America, that has to do it I had it in Mexico as well but this is what the president's, trying to get done and make it happen now opioid. Reform we did we did the Care Act in the last Congress but you're going to find the, mortality age has dropped twice last two years in America on the verge of dropping a third time this has not happened in quite some time all, regards. Opioids, infrastructure. Rebuilding, our infrastructure, so without Gary Cohen you can get infrastructure, done very much so and then think about the punishment, is you know so well of dodd-frank the, ability for capital, for small business, especially those minority-owned. Businesses, this, is our ability to reform. That we've passed a bill inside. The choice act in Congress the Senate is proposing as well this is only going to build on the economy, to go further now let's talk more about what you're going to get done in these next six months then, there's this the FISA story will there be a special second, council appointed, to investigate the alleged FISA Court abuse congressman, McCarthy is back for more on that after. This short break follow me on twitter at maria bartiromo at sunday futures let us know what you'd like to hear from the majority leader and the rest of our guest peter navarro john, bolton coming, up stay with us we're looking ahead this morning on Sunday morning futures. Welcome. Back Attorney General Jeff Sessions, stressing, confidence, in the ability of his Inspector, General to investigate potential. FISA abuses, this despite growing pressure from several top Republicans, to, appoint a second Special Counsel to carry out this investigation, we're back now with House Majority Leader Kevin McCarthy and, we want to be clear here this is the FBI going, to the FISA Court and omitting. Important, information, like the Democrats, haven't paid for the, dossier what do you want to see happen here I want.
To See a second. Special account you know and I want it to be narrow but, I want to be outside, the Department of Justice now I have the greatest respect for the inspector general they, do an amazing job the problem, is they, will not have the authority the subpoena, authority, to really do the investigation. So, when I look at this the letter from and I give a lot of credit to chairman, Goodlatte and chairman, trey Gowdy they sent a letter to sessions, and his comments, back were very positive he said out of the respect of those two he's taking serious look at this but. Take for one moment what just came out in The New Yorker just a couple days ago, Christopher. Steele says. He knew, that, the DNC, and Hillary Clinton were paying for it in the FISA application. The FBI said he did not they did not know who they're like yeah and how. Can you have a trust now FISA Court is different, than any other court because you don't have another attorney in there to argue back and forth this, is going before and this is surveilling. American. Citizens, we can never make a mistake at this and I think there are enough questions. Enough. Actions, and you have to take it out of the Department of Justice because there's current people sitting in there who actually signed, these FISA, applications. Let's, make sure we have accountability. Let's have trust let's, narrow it and let's get a special counsel I'm sorry congressman this really looks like an abuse of power are we going to see any accountability, I mean is anybody actually going to get prosecuted for any of this I tell you what we're walking through and we want it we want to go through the rule of the law people. Are innocent till, proven guilty but, there are so many questions, here and the more that we dwell into it the more we get and we have to pull the information out, I mean what's, so embarrassing, to me and offensive. To me in all respects. How, many times have we asked the FBI before, for this information, and they sat and held it instead of giving it to really, we are separate, but co-equal, we have a right to know because we are the voice that, the powers lent to us from the people to make sure the protection is accountable what do you do you've been stonewalled, since last August, well if you know if you notice we never stop I continue, to move forward that's why the Special Counsel is the ideas coming out of the house two, sessions and a hopeful sessions makes the right decision here take us through the school safety bill a lot of people talking about the fact that it, doesn't include an. Age change, you, know there's, not really any more. Pressure. On gun, owners, what is the school safety bill what are you trying to achieve well remember what we have and we get we got to take a step back here so. Back in December, the Congress, actually passed the, fix. Nick's bill remember what Nick is this yeah. The National instant, criminal background check, because when you go back to the Texas, shooting mr.. Kelly down there he never should have been able to have a weapon because. He was dishonorably, discharged. For, actually beating, his wife there were two offensive, there that he never should being able to go through but, our own military, did not update it so what we're looking at is updating, making sure these bad people cannot have guns that, is sitting over in the Senate now we're adding to it this week we have a former, sheriff of Jacksonville, congressman, Rutherford, he has stopped, school violence this is more for training, within the schools to identify these, individuals because. Look what the FBI did with, this last shooter Nicholas Cruz five. Months, prior Nicholas, Cruz goes on YouTube and puts in he wants to be a professional, school chef and that was missed that. Was sent to the tip line of, the FBI, they did research and said they couldn't find it they didn't they never called YouTube then, later, a family.
Member Called in concerned because his, cruelty to animals, his his. Recent. Death in the family the way he was acting towards, guns they went back in and looked knowing, that they had just been given it a couple months prior and then closed it out again both. Of these incidences, should, have never happened, we need to start enforcing what we have but more importantly, we, need to make sure the background checks, are updated. And that's the bill we passed in December and now we're adding to it with stopped school violence and then the bill we're passing this week the, Sandy Hook promise they, endorsed, this bill as well do you want to see teachers, armed. I think. From a perspective not forced teachers be armed but if somebody has a concealed, carry, permit than others and trained I want to see it but more importantly what I want to see I want to see if someone's given the tip that they are able to see it I want to see that we prevent. People that aren't supposed to have guns from getting them and secondly. When I look at if there's a resource, officer sitting on that campus I don't want them hiding I want them protecting, these children, like they're supposed to do and what they're hired and I know you're gonna have the Judiciary Committee have the FBI come in and explain why. These failures happens, we just had the FBI and they're calling them and again they're looking at all these incidences. Because, they should not have happened where, is the failure we got to make sure we correct it and find a solution a word on the economy, good numbers Friday things are just good but great they, were off the charts I mean it feels like a Goldilocks, situation. Here not, too hot not too cold because wages were up but not as much as people thought you, know what when we when the president named it the tax cut and jobs bill and when he cut the regulation, what. A difference, it makes from one new administration. The, administration, working with the Congress all those regulations we cut but what's really exciting, in these tax cut bills look. At the numbers on these jobs the, number of participation. For the first time we had 800,000. Moving in look at the skilled labor if you look at the skilled labor of the manufacturing, we have not seen these numbers since. 1984. The best, three months before this, is really making the difference this, is the beginning, of America's, comeback and we want to continue that going, forward let me push back and tell you this, is not a mandate, to spend more money right I mean I just voted, three, hundred billion dollars in new spending a lot of people wondering where, did the fiscal restraint of the Republicans, go I mean. Is that gonna cut into growth. What's your solution for trillion-dollar deficits, well I'm gonna tell you exactly what it is because we've been passing these budgets and balancing them where we made the investment, we made the investment, in the military, and rightfully, so because what had been cut for the last eight years looking. At North Korea looking at Russia looking at China in the South China Seas, and other where we had to make a difference, but what was really grabbing, all this money and if you want to go back to 1984, in 1984. The mandatory spending, only took 25 percent that's Medicare, and Medicaid that's a security, interest on their debt you know what it takes today. 69p, yes I know that Congress. Acted to reform. In in Obamacare, that's a whole new mandate, that Obama laid on us we tried to reform that unfortunately.
Lost By one vote that's. Why next tomorrow's. Vote is so important, do you want Nancy Pelosi back or she's gonna raise your taxes, expand, more when. It comes to spending and that will actually break Medicare, it'll actually break Medicaid, we're protecting, it for the future but more importantly, making our economy stronger real, quick on technology, mentioned YouTube these companies have never been this powerful are we gonna see new legislation. A. Bigger, bite of regulation, on the tech companies look up actually, see and when. I'm looking what's happening and knocking, down conservative, voices all right this is a place that Congress should actually look at and make sure we have really, a fair, process and a free process going we're gonna be watching that it's great to see majority thank you Kevin, McCarthy joining us there up next real tariffs on imported steel and aluminum put US jobs at risk my next guest says quite the opposite, White House trade advisor Peter Navarro will join me live as we look ahead on Sunday morning futures we'll be right back. Welcome. Back President Trump taking a swipe at the European Union after imposing tariffs, on steel and aluminum a move, he says will level the playing field watch. So. We put on tariffs, and the European Union's out there well we're gonna put I said you can't go any higher than you are anyway and. They. Have trade barriers, we can't even sell our farming, goods in there they. Totally restrict us so. Then they say we want those tariffs, take it off I said good, open. Up the barriers, and get, rid of your tariffs, and if you don't do that we're gonna tax mercedes-benz, we're. Gonna tax, BMW. Peter. Navarro is the White House national trade council director and he joins me now Peter it's good to see you this morning thanks very much for joining us good. To be here Maria I love that speech the only thing better than watching, it on TV is when you're actually in, one, of those arena it was vintage. Donald. J Trump he was having fun with that for sure well let's go through some of the pushback on these tariffs, because on the one hand nobody wants a trade war that's only going to take away from economic, growth number, two why, are we saving industries. That have, 140,000. Workers versus the industries that input aluminum. And steel some six and a half million jobs and, then there's the retaliation, effort, Europe, is saying they're gonna do a 25%. Tariff is that a fact we know that Europe is going to impose a 25%, tariff on US, goods a lot, of stuff there to unpack, Murray but let's start with the the Europe issue as. The president, said last night we. Run, in a trade deficit, of about a hundred and fifty, billion dollars, a year with. Europe, I mean some analysts, calculate, that for, every billion dollars in trade deficit, we have that's 6,000. Jobs we lose so. 150, billion dollar trade deficit, with Europe means we're, sending over a million jobs to, Europe and we're, buying their cars and that's, not fair and reciprocal, trade I think that the broader debate, here is, simply, that what the president, is saying is that we're free traders, we, have the lowest combination. Of tariffs, and non-tariff barriers. In the world all, we, get out of that is massive, trade deficits, that ship off our wealth ship, off our jobs and the president says No Mas now, in the case of, steel and aluminum. It's a really special case because these, industries, as the president, has said are. Pillar industries of, our economy, and national defense and national security we can't have a country, as the, president, said without those industries, so from, a purely national, security, point of view that's why we're acting, on steel. And aluminum by the way the president started. Talking about the, specific. Actions in, Pittsburg in the, summer of 2016, so having him give that speech last night brought everything full circle okay, but the point the question about Europe do you think they're gonna see a 25%. Tariff. Are they gonna institute, that as a result of this so on, the broader issue of retaliation. Let's, let's be very serious, but also be very calm about it let's, think about what happened, in January when, the president, levied tariffs, on solar of 30 percent and washing. Machines of, up to 50 percent what happened there there was no retaliation what, happened, was, a flood, of new investment. From, South Korea and other countries. Into. This country so. That they would build the factories, here rather than there and we, will build washing. Machines and solar, panels, with, American, hands and that. Will create American, jobs so, that that's you know that's the response, that we've had in the real world, the other thing Maria look every. Country in the world we've been uncle's sucker I mean we have these large trade, deficits, simply, because we're an open market, all we're looking for is, fair, and reciprocal, trade and I think our allies, at the end of the day will, understand, that all we're doing here is defending.
Two Key industries, so, that we, can come and help, with their defense when. They need us so I'm looking at the list of trade deficits, in 2017. China 375. Billion European, Union 150 1 billion Japan, 69. Billion Germany, 64, billion Mexico, 71 billion Ireland 38 billion all deficits. First word The Wall Street Journal editorial board, who we're gonna hear from later on in the program says that doesn't, matter trade, deficits, don't matter and if in fact it impacts economic growth negatively, that then, it matters a lot in a bad way sure. Trade deficits, matter. Huge. And there's, a couple ways to think about it as I said 1. Billion dollars, in deficit, by some analysts, account that's 6,000, jobs lost when, you calculate what, the impact of the chinese deficits that's over 2 million jobs we export, to them through, the trade deficit, I love Warren, Buffett's analysis, which is over a decade, old now where, he talks about something called conquest. By purchase, if we if we base what that does is it allow it's like a reverse mortgage you can think about basically. The foreigners, coming here and buying up or companies. Or land and. Our assets, and you, know I care about the, children who are going to inherit this country, and, we're not going to have a country, if we keep running these deficits and we don't have this isn't. That what China is doing they're acquiring our, intellectual. Property they're, enquirer they're stealing it in some cases they're, buying, up companies with. Expertise. In things like AI robotics. Then, doing it themselves and, then competing with us why not go straight away at China do something specific against China rather than the entire aluminum, and steel industry, so. On. The chessboard we. Have to defend our steel and aluminium industries, no, question, about it for national security and it's not a China problem, we, had 20 countries. Flooding. Our borders. With, steel and 15, with aluminum we need, to defend against, all those Moorea. You, hit it right on the head China is a very bad actor when it comes to trade practices, across a lot of things but nothing's more important, in the near-term than, addressing the theft of our intellectual property, and the force, technology. Transfer, of our, of our technologies. And when a company, like Ford or GM goes, over to, China they have to surrender their technology. In order to get access to the market now the president, says that's, not going to happen anymore he's directed, ambassador, Robert light hyzer one of my favorite, guys in Washington, toughest guy I know to, come up with a plan that we will be releasing shortly. To, address that head-on, so for all those, both. Inside the beltway and outside are saying let's get China we're, gonna address. That problem head-on, because, there's, no look, I think there's going to be wide. Agreement throughout, this country the, China should not be stealing, our intellectual, property and technologies, are forcing their transfer and when, we run the deficits, with them they, go to places like Silicon, Valley flush, with American, dollars and they buy up those Cutten startup, companies, that are on the cutting edge of artificial. Intelligence robotics. And everything's going to need if. We don't have the industries, of the future we, don't have a future real quick we have 30 seconds here are you gonna get enough to deal done I mean the next 20 days then, you've got the Mexican elections. Should. We I mean if this whole tariff, was about NAFTA and you don't get a deal done in the next 20 days was it worth it when, will in afternoon after deal happen. Ambassador. Robert light Heiser come back to him a very, tough negotiator, in. Its is his lane the president, wants to get this done he wants to get it done and, we hope it gets done we had a great day for America, Peter Navarro good to see you sir take. Care Maria we'll be right back. Welcome. Back and back to our top story president, Trump planning to meet with Kim jong-un, in May of this year to, discuss the nuclearized, the north joining me right now to talk about the potential risks and rewards from. Such a sit down Ambassador, John Bolton he, is a former US ambassador to the United Nations a senior fellow at the American Enterprise Institute. And, a Fox News contributor, great to see you sir thanks very much for joining us glad.
To Be with you what do you think about this meeting. Well. I think obviously, the president's, turned, things on their heads as he, does so often and it's confused. A lot of people in, Washington. I think, basically, what, he's saying and he reiterated, his thinking, in his speech in Pennsylvania. Last. Night is that with. The North Koreans, very close to achieving the, objective, they sought for so long of being able to target, cities. In the United States with nuclear weapons it's. Time to cut through the. Usual diplomatic procedure. And. Say we're prepared to talk right at the top but I don't think this is the beginning of a, six-month, nine-month, 12-month, process I think this could actually could. Be a very short meeting should be a very short meeting the issue is, will. North Korea, denuclearize. And the way they can prove that is. By agreeing to ship their nuclear weapons program to, Oak Ridge Tennessee which, is where for, example the Libyan nuclear, weapons program, now sits and if they're not willing to discuss that there's, not much to discuss, what, are they willing to discuss ambassador, we've heard from them before in terms of saying we are not the, nuclear, izing, we are not giving, up our nuclear ambitions, now the administration. Will say the, tough talk on the part of the president, has actually brought them to the table to even consider it here's Steven venusian with me the Treasury secretary this past week on Fox Business this is it is. We. Believe that sanctions, work they worked, in Iran they've worked in North Korea, in my, mind one of the major reasons, why they're coming to the table is because of the economic, sanctions and we're, not going to change those sanctions we will continue, to put sanctions in place until, they, agree to fully denuclearize. Using the peninsula, and something. That we can hold them accountable for, and verify, do. You agree with that that this these sanctions have actually worked because some people say sanctions, don't work why would a killer or someone, who doesn't care about human rights care about sanctions. Yeah. Well let me go back to the to the premise for a minute I don't I don't think Kim. Jong gun wants to engage in the kind of conversation. With the president, I just described, he wants negotiations. He wants conventional. Months. Of preparation. Much of discussion, at the lower levels, to buy him time to finish, the. The still, uncompleted. Tasks, to get that deliverable, nuclear weapons, capability, he's trying to throw, sand, at our eyes and I think the president, isn't, falling for that and, I'd have to say I think sanctions. Had played at best, a minor role, what has Kim jong-un's attention. That. He has not had his attention or, his father's, is. The threat that we will use military force to destroy his nuclear weapons program, I think he's scared to death of that I think he's scared to death that Donald, Trump actually means what he says unlike. Barack Obama who could say all options are on the table like he was brushing his teeth he just didn't mean it yeah I think now they know it's serious but, by the way it's the Chinese don't, like the military sad, system, either, in. That part of the world so talk to us about China, and how they view this they're out this morning, in one of the state newspapers. Saying, China, will not be marginalised, in any talks it's our you, can attribute the good news that they are perhaps talking to. China so what's your take on China's involvement, well. Basically China's. Jived us for 25 years, they've said repeatedly, they don't want North Korea with nuclear weapons and they've done precious, little to, change that they could eliminate. Kim, jong-un's regime. Very. Easily I think, frankly, it's in China's, own national. Interest to see the Korean Peninsula, reunited, I think we should be having talks. On that a wish we had started a long time ago but, I think it's time to tell China when we say we, want denuclearization. We. Mean we want it now and let's let's be clear the, the difference, between, our current situation and, prior diplomatic. Efforts is technological. North Korea is very close. To accomplished, in what it's been after CIA, director, Mike Pompeo, has, used the phrase recently, that there a handful. Of months away so. Elaborate. Diplomatic, negotiations. Toughening, sanctions, boat by boat by boat and, you got to do the trick yeah you know you raise an interesting point I want to ask you about Iran and how Iran fits in here but let me stay on this for a moment because just, heard from Kevin McCarthy, the majority leader who's saying look we need to look at China Peter Navarro as well saying China is stealing, all of our intellectual, property they're, going to come out with something this administration, in.
Terms Of getting, their arms around what, China has been doing to America for so long whether it be tariffs. Or what have you what do you want to see in terms of this next couple of weeks what's going to be coming out of this White House against. China as it relates to tariffs, well. I think frankly, we'd get their attention better, on North Korea if we were tougher, on their violations. Of their international trade, obligations, let's just take intellectual, property, I think American, and, European, companies would, say virtually. Unanimously. That any technology they, put into China's, at risk of being pirated, and yet, for years we've let them get away with it China has has pursued, a mercantilist, policy. Within, the WTO and for, far too long they, haven't been called on it I think you get China's, respect, when, you stand up to them I think they as long as they think Americans. Can be pushed around on trade they, surmise, not, illogically. We can be pushed around on other things too how does Iran fit into this North Korea story. Well. I'm very worried, that, it fits in and go in the other direction I've, been. Saying recently North, Korea's part of the Middle East I think the linkages, between Iran's, ballistic missile program, and North Korea's are. Indisputable. And I think there's every reason to believe that they're closely working, together on. The nuclear side as well and even if that's completely, wrong the fact is in Iran you have a relatively. Rich country. Seeking, nuclear weapons technology in, North, Korea you have a desperately. Poor country, that, has nuclear weapons technology. Any trouble, seeing the structure of that train action, that's why North Korea, is a threat not simply, an Asia and the Pacific it is a global, threat it will sell that technology. To anybody, with cash to buy it real quick before you go ambassador, there is speculation that you may be offered a job in the White House NSA. Director are you ready to take that job, you. Know I never discussed, that subject, I'm very boring whenever it whenever the personnel, issues get raised it's a long long-standing, view of mine not to discuss it we don't think you're boring ambassador, it is good to see you sir thanks, very much for joining thank you very much ambassador. There, Kevin, our president Trump's new steel tariffs marking debate as some experts warn the move will hurt the US economy not, help our panel next on the potential fallout we will hear from the editorial, board of the Wall Street Journal as we look ahead on sending money futures. You.