Jeb Hensarling: ‘Well-Established’ that the Asylum Requests by Migrants ‘Have Been Abused’

BOLDUAN Billions of dollars ░░░░░░░░ tariffs could hit the ░░░░░░░░ S within hours President ░░░░░░░░ set to slap China ░░░░░░░░ tariffs on 34 billion ░░░░░░░░ midnight tonight targeting machinery ░░░░░░░░ parts and medical devices ░░░░░░░░ vowing to retaliate leveling ░░░░░░░░ same amount on U ░░░░░░░░ Goods targeting SUVs meat ░░░░░░░░ seafood That s not ░░░░░░░░ Canada just slapped retaliatory ░░░░░░░░ on 12 6 billion ░░░░░░░░ U S Exports Mexico ░░░░░░░░ its tariff on pork ░░░░░░░░ from the U S ░░░░░░░░ 20 That s all ░░░░░░░░ top of tariffs from ░░░░░░░░ E U It s ░░░░░░░░ to keep track of ░░░░░░░░ this what a trade ░░░░░░░░ looks like What do ░░░░░░░░ do Joining me the ░░░░░░░░ of the House Financial ░░░░░░░░ Committee Thanks for coming ░░░░░░░░ HENSARLING Good morning BOLDUAN ░░░░░░░░ now it seems there ░░░░░░░░ really only uncertainty when ░░░░░░░░ comes to the real ░░░░░░░░ of these tariffs If ░░░░░░░░ are certain of anything ░░░░░░░░ it s going to ░░░░░░░░ and how who s ░░░░░░░░ win what is it ░░░░░░░░ Well number one most ░░░░░░░░ in America are enjoying ░░░░░░░░ best economy they have ░░░░░░░░ had in their lifetime ░░░░░░░░ give the president great ░░░░░░░░ for that for the ░░░░░░░░ cut for recalibrating regulation ░░░░░░░░ economy in some respects ░░░░░░░░ President Trump s economy ░░░░░░░░ the economy he brought ░░░░░░░░ he can also take ░░░░░░░░ if this trade war ░░░░░░░░ out of hand That ░░░░░░░░ a great concern that ░░░░░░░░ have What I would ░░░░░░░░ to hear from the ░░░░░░░░ is what is the ░░░░░░░░ game If it s ░░░░░░░░ get rid of the ░░░░░░░░ deficit we could get ░░░░░░░░ of the trade deficit ░░░░░░░░ if we outlawed trade ░░░░░░░░ GDP would be headed ░░░░░░░░ as would disposable family ░░░░░░░░ If the president s ░░░░░░░░ like he announced at ░░░░░░░░ G7 was to bring ░░░░░░░░ tariffs that s good ░░░░░░░░ hope it proves to ░░░░░░░░ brilliant Right now it ░░░░░░░░ like we are in ░░░░░░░░ a rocky ride We ░░░░░░░░ to realize that most ░░░░░░░░ our imports are actually ░░░░░░░░ to business We use ░░░░░░░░ component parts for Americans ░░░░░░░░ produce products for Americans ░░░░░░░░ by Americans I m ░░░░░░░░ a lot could be ░░░░░░░░ up in a trade ░░░░░░░░ It s not good ░░░░░░░░ anybody The question is ░░░░░░░░ is going to lose ░░░░░░░░ BOLDUAN That s my ░░░░░░░░ to you When the ░░░░░░░░ wrote in March that ░░░░░░░░ wars are good and ░░░░░░░░ to win you say ░░░░░░░░ HENSARLING Well I hope ░░░░░░░░ is right and I ░░░░░░░░ wrong But people trade ░░░░░░░░ is a win win ░░░░░░░░ No trade is a ░░░░░░░░ lose situation The president ░░░░░░░░ right Our trading partners ░░░░░░░░ more to lose because ░░░░░░░░ economies are more based ░░░░░░░░ exports than ours are ░░░░░░░░ question is again is ░░░░░░░░ just going to be ░░░░░░░░ for tat At the ░░░░░░░░ of the day there ░░░░░░░░ going to be a ░░░░░░░░ of American jobs that ░░░░░░░░ in these imports to ░░░░░░░░ American made products they ░░░░░░░░ gonna be losers Consumers ░░░░░░░░ be losers Again I ░░░░░░░░ that the administration has ░░░░░░░░ right end game I ░░░░░░░░ as they hopefully will ░░░░░░░░ this soon We need ░░░░░░░░ get down to the ░░░░░░░░ negotiations If this thing ░░░░░░░░ out of hand again ░░░░░░░░ the good work the ░░░░░░░░ has done to give ░░░░░░░░ the greatest economy in ░░░░░░░░ of our lifetimes is ░░░░░░░░ to be lost Right ░░░░░░░░ I see capital expenditure ░░░░░░░░ just closing all around ░░░░░░░░ nation BOLDUAN Congressman when ░░░░░░░░ gets out of hand ░░░░░░░░ t it already past ░░░░░░░░ s like a recession ░░░░░░░░ know it You are ░░░░░░░░ it It s already ░░░░░░░░ of control by the ░░░░░░░░ it s already out ░░░░░░░░ control HENSARLING The bad ░░░░░░░░ is the shooting war ░░░░░░░░ already started Tonight at ░░░░░░░░ or I guess technically ░░░░░░░░ 12 01 in the ░░░░░░░░ 34 billion I believe ░░░░░░░░ figure is That s ░░░░░░░░ compared to our trade ░░░░░░░░ it does do is ░░░░░░░░ just injects uncertainty in ░░░░░░░░ greatest economic stimulus is ░░░░░░░░ business confidence which is ░░░░░░░░ until just recently has ░░░░░░░░ an all time highs ░░░░░░░░ just caution the president ░░░░░░░░ the administration to take ░░░░░░░░ look at what you ░░░░░░░░ doing to business confidence ░░░░░░░░ are saying well I ░░░░░░░░ not so sure I ░░░░░░░░ to build that plant ░░░░░░░░ because I m not ░░░░░░░░ that 30 of my ░░░░░░░░ which I currently export ░░░░░░░░ m not sure I ░░░░░░░░ be able to export ░░░░░░░░ in the future That ░░░░░░░░ a big problem that ░░░░░░░░ administration has to take ░░░░░░░░ account What are they ░░░░░░░░ to business confidence on ░░░░░░░░ otherwise is a red ░░░░░░░░ economy?”