RUSH TRANSCRIPT Watching a ░░░░░░░░ of the retailers as ░░░░░░░░ and we do have ░░░░░░░░ tell you that it ░░░░░░░░ not just been an ░░░░░░░░ day for the retailers ░░░░░░░░ has been a horrific ░░░░░░░░ weeks for the retailers ░░░░░░░░ this picture Two weeks ░░░░░░░░ when President Trump sent ░░░░░░░░ this tweet that century ░░░░░░░░ across the U S ░░░░░░░░ an uproar you can ░░░░░░░░ what happened since then ░░░░░░░░ said during the talks ░░░░░░░░ U S Will start ░░░░░░░░ September 1st putting a ░░░░░░░░ additional tariff of 10 ░░░░░░░░ the remaining 300 billion ░░░░░░░░ goods and products coming ░░░░░░░░ China into our country ░░░░░░░░ does not include the ░░░░░░░░ billion already tariffed at ░░░░░░░░ That news made the ░░░░░░░░ guys happy once we ░░░░░░░░ that kind of delay ░░░░░░░░ one day after that ░░░░░░░░ back on August 2nd ░░░░░░░░ a listen to what ░░░░░░░░ CEO and president of ░░░░░░░░ footwear distributors and retailers ░░░░░░░░ America said on The ░░░░░░░░ countdown The administration seems ░░░░░░░░ intent on describing this ░░░░░░░░ something that Chinese pay ░░░░░░░░ you can t find ░░░░░░░░ economist anywhere outside of ░░░░░░░░ Navarro that will tell ░░░░░░░░ that s the case ░░░░░░░░ we re not quite ░░░░░░░░ why he keeps saying ░░░░░░░░ Liz Okay On top ░░░░░░░░ Matt Charlie Gasparino just ░░░░░░░░ all over the president ░░░░░░░░ econo guy Peter by ░░░░░░░░ way Peter Navarro called ░░░░░░░░ directly after that interview ░░░░░░░░ said I want to ░░░░░░░░ on and explain why ░░░░░░░░ s the Chinese paying ░░░░░░░░ tariffs We thought let ░░░░░░░░ bring back Matt Priest ░░░░░░░░ tomorrow Peter Navarro says ░░░░░░░░ will come on this ░░░░░░░░ You are back you ░░░░░░░░ the head of the ░░░░░░░░ and distributors of America ░░░░░░░░ and president Matt tell ░░░░░░░░ what is going through ░░░░░░░░ mind right now Oh ░░░░░░░░ gosh Liz you know ░░░░░░░░ uncertainty continues in spite ░░░░░░░░ the fact that we ░░░░░░░░ this delay on really ░░░░░░░░ bifurcation of the list ░░░░░░░░ footwear so splitting up ░░░░░░░░ 53 is still going ░░░░░░░░ be hit with 10 ░░░░░░░░ September 1st 47 with ░░░░░░░░ December 15th As you ░░░░░░░░ said it was an ░░░░░░░░ you know recognition that ░░░░░░░░ American consumer will pay ░░░░░░░░ So I hope I ░░░░░░░░ I hope that you ░░░░░░░░ Peter Navarro how does ░░░░░░░░ reconcile the fact that ░░░░░░░░ American business that imports ░░░░░░░░ says American consumers will ░░░░░░░░ this the president has ░░░░░░░░ admitted American consumers pay ░░░░░░░░ so where do we ░░░░░░░░ from here How do ░░░░░░░░ drive certainty when the ░░░░░░░░ is so uncertain Liz ░░░░░░░░ m looking at Nike ░░░░░░░░ is getting hit today ░░░░░░░░ It is down about ░░░░░░░░ You could look at ░░░░░░░░ locker down 5 Your ░░░░░░░░ for whom you speak ░░░░░░░░ s Sporting Goods Under ░░░░░░░░ they are getting crushed ░░░░░░░░ now What is your ░░░░░░░░ The president would say ░░░░░░░░ your operations out of ░░░░░░░░ Yeah You know what ░░░░░░░░ really interesting that s ░░░░░░░░ great question because if ░░░░░░░░ look at the list ░░░░░░░░ first list that is ░░░░░░░░ to be hit on ░░░░░░░░ 1st is the more ░░░░░░░░ list It s the ░░░░░░░░ that have diversified out ░░░░░░░░ China and are trying ░░░░░░░░ move their product Liz ░░░░░░░░ as who So that ░░░░░░░░ comes less from China ░░░░░░░░ anywhere else That s ░░░░░░░░ to be hit first ░░░░░░░░ there s really no ░░░░░░░░ or reason to why ░░░░░░░░ decide they make these ░░░░░░░░ on which list gets ░░░░░░░░ and which gets delayed ░░░░░░░░ can just tell you ░░░░░░░░ members are so confused ░░░░░░░░ to how this is ░░░░░░░░ to play out and ░░░░░░░░ we talked about before ░░░░░░░░ are at the 90th ░░░░░░░░ of smoot hawley next ░░░░░░░░ We have been paying ░░░░░░░░ forever These get put ░░░░░░░░ place this could go ░░░░░░░░ for a long long ░░░░░░░░ Liz President Trump did ░░░░░░░░ when he announced that ░░░░░░░░ products would get a ░░░░░░░░ from that 10 tariff ░░░░░░░░ s supposed to kick ░░░░░░░░ September 1st that he ░░░░░░░░ doing it for the ░░░░░░░░ season Listen if I ░░░░░░░░ more of a politician ░░░░░░░░ I am not I ░░░░░░░░ think to myself yeah ░░░░░░░░ doesn t want to ░░░░░░░░ voters who want to ░░░░░░░░ things like consumer electronics ░░░░░░░░ nativity scenes which believe ░░░░░░░░ or not nativity scenes ░░░░░░░░ been exempt from those ░░░░░░░░ tariffs in a couple ░░░░░░░░ that he does not ░░░░░░░░ to annoy American consumers ░░░░░░░░ of the holidays and ░░░░░░░░ of the 2020 elections ░░░░░░░░ s right So what ░░░░░░░░ that tell you It ░░░░░░░░ you that he knows ░░░░░░░░ his heart of hearts ░░░░░░░░ American consumers pay duties ░░░░░░░░ are taxes You add ░░░░░░░░ the cost of a ░░░░░░░░ coming across the border ░░░░░░░░ cost gets multiplied out ░░░░░░░░ the American consumer pays ░░░░░░░░ and even Chris Wallace ░░░░░░░░ couple weeks ago presented ░░░░░░░░ to Peter Navarro showing ░░░░░░░░ goods that have already ░░░░░░░░ hit with tariffs consumer ░░░░░░░░ index the other indices ░░░░░░░░ going up on those ░░░░░░░░ So it s an ░░░░░░░░ fact the president has ░░░░░░░░ it This delay admits ░░░░░░░░ and our notion is ░░░░░░░░ don t we just ░░░░░░░░ this all together Why ░░░░░░░░ t we kind of ░░░░░░░░ this back the duties ░░░░░░░░ don t tax American ░░░░░░░░ to change Chinese behavior ░░░░░░░░ are other ways to ░░░░░░░░ it Liz You ve ░░░░░░░░ to do something about ░░░░░░░░ I P Theft They ░░░░░░░░ stealing and it s ░░░░░░░░ just electronics and intellectual ░░░░░░░░ when it comes to ░░░░░░░░ gadgets I have talked ░░░░░░░░ shoe makers who say ░░░░░░░░ Chinese knock off everything ░░░░░░░░ you do understand that ░░░░░░░░ of what President Trump ░░░░░░░░ doing Yeah We do ░░░░░░░░ that So in August ░░░░░░░░ we were hopeful that ░░░░░░░░ administration was going to ░░░░░░░░ its investigation and find ░░░░░░░░ intellectual property was of ░░░░░░░░ importance and is very ░░░░░░░░ to our brands something ░░░░░░░░ spend millions of dollars ░░░░░░░░ protect particularly e commerce ░░░░░░░░ more and more knockoffs ░░░░░░░░ counterfeits are being sold ░░░░░░░░ e commerce platforms so ░░░░░░░░ s a high priority ░░░░░░░░ us But at the ░░░░░░░░ of the day do ░░░░░░░░ tax American consumers to ░░░░░░░░ China to stop knocking ░░░░░░░░ our goods It makes ░░░░░░░░ economic sense to us ░░░░░░░░ s why we are ░░░░░░░░ with these additional duties ░░░░░░░░ Matt Priest is the ░░░░░░░░ and CEO and president ░░░░░░░░ footwear distributors and retailers ░░░░░░░░ America I hope you ░░░░░░░░ tomorrow because Peter Navarro ░░░░░░░░ he will come on ░░░░░░░░ doesn t love you ░░░░░░░░ so you know.