good evening everybody our top stories tonight President Trump in deal-making
mode keeping global opponents off balance and putting America first the
White House says the prospective summit with Kim jong-un could be back on the
table as the top North Korean envoy arrives in the United States to meet
with the Secretary of State the administration also threatening North
Korea's biggest ally China threatening new sanctions on 50 billion dollars of
imports from China upping the stakes on trade negotiations by imposing a
so-called 301 we've got the latest on those Chinese talks with top White House
trade adviser Peter Navarro tonight and Gordon Chang is here to talk about the
showdown with North Korea and China also the Trump agenda building up ahead of
the midterm elections president Trump touting a new string of a legislative
victories you won't hear about in the left-wing national media that could be
driving the Republican resurgence in recent polls and the Dean and Rollins
weighs in on the Trump election year accomplishments and what we can expect
as a result even as a record number of Republicans are resigning from the house
our top story tonight President Trump turning up the heat on China putting
pressure on Beijing to address the massive trade imbalance that it is
enjoyed with the United States for decades this coming within weeks of well
the position of tariffs if the Chinese don't act and the administration today
said that by June 15th it will finalize tariffs on fifty billion dollars of
imports from China the penalties on early 1300 product categories from
medical equipment to machinery could go as high as twenty five percent and by
the end of next month the United States would also impose historic restrictions
on Chinese investment in this country to combat rampant intellectual property
theft that cost the United States as much as sick
hundred billion dollars a year all of this unless the United States and China
can reach a trade deal within two and a half weeks
our first guest tonight continues to fight against China's unfair trade
practices as well as the global is working to subvert the president's
America for his trade policies joining us tonight is Peter Navarro top trade
adviser to the president director of the White House national trade council Peter
good to have you with us who is my friend how are you today well I'm great
and I know you're doing well the imposition of three oh ones I mean this
administration has already done more with the three oh ones and the previous
administration contemplated throughout its two terms in office it's yeah it'll
make me clear about a couple of things here Lou first of all will insist upon
it Peter will insist upon it this president is tough in their
toughest nails on trade and national security in this 301 investigation by
ambassador Robert light hyzer really combines those two things well here's
what we know from his investigation ordered by the president China not only
steals our intellectual property through economic espionage and cyber theft it
also forces the transfer of that technology from American companies on
Chinese soil trying to get access to the market it acquires our companies here in
Silicon Valley and elsewhere from by state-owned enterprises and they also
evade our export control laws they've been silent promises Peter we've been
following them I made in my mind and here's the it is being it is being
adjudicated before the World Trade Organization we're following the cases
and we understand that this audience here is the the reports on that on how
that is progressing and let's understand why these tariffs No let's understand
this I'm going to answer the questions here Peter i will seek answers from
before because i feel somehow irrelevant if you ask both the questions and
provide answers it seemingly III want to Iran Lou go ahead let's start with fifty
billion dollars all right you're talking about a trade relationship that is over
600 billion in the trade relationship between the
two countries these are peanuts and let's be very clear about that this is
peanuts so what will be the impact of these 301 KS if we get to June 15th and
there's no deal so the purpose of the 301 investigation basically is to stop
China from stealing the crown jewels of our technology and the perfect president
a city long for the purpose of the tariffs they're targeted at the
so-called China 2025 industries the artificial intelligence robotics
blockchain technology things like that and the purpose of the tariffs is to
defend our industries here in America that engage in research development
production of those entities as you know Lu China has a predatory model basically
where they come in and they attack our industry solar steel they try to steal
them from us so the purpose of the tariffs they're very targeted and it's
very important the purchasing investment restrictions are to prevent China from
then buying those companies which we nurture here so this 301 investigation
like a laser beam focuses solely on technology it is not a bargaining chip
let me make this clear Lu would it whatever deal what might be made this is
not a bargaining chip these tariffs will be put in place to protect and defend
our technologies as will the investment restrictions we have a whole nother
problem with the 500 billion dollars worth of trade exports the China sends
to us that's where the deal-making needs to be done but these are not trading
this is not bargaining chips Lou this will happen on June 15th for the tariffs
and June 30th for the investment restriction so let's be clear about that
the president is strong and tough and resolute on that he promised this during
the campaign Lou and there's a straight line between here the 301 investigation
which he ordered the results of that 301 investigation the decision he made today
to impose those tariffs and investment restrictions mm-hmm and the ZTE
accommodation to President Xi Alou I want to be clear two things about this
one you want you to be clear we're going to have a wonderful evening
because you're being so clear you remind us each time yes yes
ZTE number one is a law enforcement issue not my lane number two national
security issue indeed indeed it is and Secretary of minuchin and Wilbur Ross
are the ones to talk about with on that issue it is a law enforcement issue and
that's not something I can talk about because of that okay well so you don't
you think that the sanctions should be handled as simply a national security
issue rather than a response and trade the president is obviously reacted as if
it were a trade issue because he's making a personal exemption for ZTE
despite seven years of violating US sanctions with North Korea and with Iran
I I fully understand that Laura but I'm under directions and I'm a good foot
soldier here it's a law enforcement issue its Wilbur Ross and Steve told you
it was a law enforcement officer oh it is I mean that the national security
well how do you start and how you start separating national security from
international trade particularly with the communist country that is right now
being very provocative when we carry out freedom of navigation missions are you
the u.s. Navy does in the South China Sea this is this is becoming a rather
brittle matter isn't it yeah well certainly the freedom of navigation
issue is front and center China is building these large islands artificial
islands that they stole and seized no countries to begin with yes and then the
US Navy is very worried about that the Philippines and all Vietnam they're all
very concerned about and this is what China's doing in the South China Sea so
when you make the distinction with law enforcement I find that curious because
as a man who is written about trade with China and who understands clearly the
national security implications I would think he would be somewhat more
vociferous about how important that I don't want to trade relationship I don't
mind you pressing on this Lou and if I weren't part of the administration
in under orders that this is a law enforcement issue I would be free to
express my views on this but as I say Lou this is a law enforcement issue it's
being dealt with by the Justice Department the Department of Commerce in
a district court and that's all I can say again Wilbur Ross and Steve minuchin
would be the ones that that are the commenters on this they're the ones that
have gone up to Capitol Hill to talk about this and so those would be the
guys they've also gone to Beijing and come back with a really quite an
interesting but checkered result we're sitting here talking about 301's
in the administration's decision to to impose a punishment even as it's being
adjudicated before the World Trade Organization which some would consider
to be a further ambiguity given that the this administration has not been
particularly supportive of the idea of turning over sovereignty to the WTO well
there's only there's only one issue that the 301 is involved in with the WTO and
it's a very interesting one what China does is part of their coercion and
aggression is they force companies American companies the license the worst
transfer of technology its licensing it's it's if say Qualcomm has a chip
that that a said I want to do you know what I understand that you want to run
up the time but I just want you down but you've already succeeded and when I
appreciate your efforts and record to talking with you that what you do buddy
I you take care of yourself Peter Navarro up next president Trump
says Robert Muller's 13 angry Democrats are plotting to subvert our midterm
elections we take that up with Judicial Watch is Chris Farrell right after this
stay with us we're coming right back
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