Trump-Xi talks ignite high-stakes clash over tariffs and farms

Added: 2026-05-14

[00:00:01]ARE.

[00:00:02]DON'T MISS CHERYL ON MORNINGS WITH MARIA.

[00:00:06]>> Todd: AND TRADE OUT OF THE U.S. CHINA SUMMIT.

[00:00:10]>> President Trump: I HAVE A GREAT RELATIONSHIP WITH PRESIDENT XI AND I THINK IT WILL REMAIN THAT WAY, WE HAVE A LOT TO DISCUSS.

[00:00:19]I WOULDN'T SAY IRAN IS ONE OF THEM, TO BE HONEST BECAUSE WE HAVE IRAN UNDER CONTROL.

[00:00:24]WE'RE EITHER GOING TO MAKE A DEAL OR THEY WILL BE DECIMATED.

[00:00:29]ONE WAY OR THE OTHER WE WIN.

[00:00:31]WE WILL TALK TO PRESIDENT XI ABOUT A LOT OF DIFFERENT THINGS, MORE THAN ANYTHING TRADE.

[00:00:41]>> Todd: GOP POLLSTER MITCHELL BROWN JOINS ME NOW.

[00:00:47]WHAT NEEDS TO HAPPEN ON THIS TRIP FOR REPUBLICANS TO SELL IT NET POSITIVE HEADING INTO THE MIDTERM?

[00:00:55]>> THANK YOU.

[00:00:56]WHEN WE TALK ABOUT THIS, TALK ABOUT THE ELECTORAL IMPACT.

[00:01:04]ONE THING IS AGRICULTURE, TALK ABOUT IOWA THIS UPCOMING ELECTION CYCLE, GUBERNATORIAL RACE, SENATE RACE AND TWO SWING RACES THERE THAT WILL IMPACT, PEOPLE AFFECTED BY TARIFFS, IOWA IS ONE STATE RUNNING ADS AGAINST REPUBLICANS ON THE TARIFF ISSUE FOR 15 MONTHS.

[00:01:28]THE SECOND IS INVESTMENT IN AMERICA ALONG WITH TRADE PROGRAMS TRUMP ADMINISTRATION IS PUSHING FOR INCLUDING UP TO TRIL YOVEN OF INVESTMENT FROM CHINA IN MANUFACTURING AND ONSHORE PRODUCTION HERE INSTEAD OF RELYING ON OUTSOURCING, IT IS ABOUT THE AMERICAN WORKER AND AMERICAN FARMERS TRUMP IS TARGETING.

[00:01:53]>> Todd: WE HAVE A LOT OF FARMERS THAT WATCH THIS SHOW, THEY GET UP EARLY.

[00:01:58]WE HAVE PEOPLE IN AG WHO WATCH, AS WELL.

[00:02:01]WHERE IS THE SWEET SPOT IN TERMS OF INCREASING SOYBEAN, CORN, EXPORTS TO CHINA AND SAME TIME NOT INCREASING DEMAND TOO MUCH WHEREBY THAT WOULD DRIVE UP PRICES ON THE AMERICAN CONSUMER WHO IS REALLY STRUGGLING WITH INFLATION RIGHT NOW.

[00:02:21]>> YEAH, AGAIN, COUPLE THINGS, BEEF ESPECIALLY SO FOR EXAMPLE, PRICE OF RIBEYE HAS GONE UP 90% SINCE 2019.

[00:02:32]THIS IS HITTING PEOPLE HARD.

[00:02:34]WHAT USED TO BE QUIET LUXURY IS NOW SEEN UNAFFORDABLE FOR MOST.

[00:02:43]SOYBEAN AND CORN WILL DRIVE DOWN AMERICAN PRICE WHEN WE HAVE ABILITY TO TRADE AND OUR FARMERS CAN SELL WHERE THEY PLEASE.

[00:02:52]WE ARE SEEING COUNTRIES NOT PURCHASING AND HAVING EXTRA STOCK OF THIS.

[00:03:03]PEOPLE HAVE TOP BRUNT THAT.

[00:03:06]FARMERS ARE LOOKING FOR MIDDLE GROUND FROM THE TRUMP ADMINISTRATION TO CONTROL HOW MUCH PRODUCE WE HAVE ON HAND, HOW MUCH WE CAN GROW AND WHAT THAT RATE WILL BE SOLD FOR.

[00:03:18]A LOT OF THIS IS SUBSIDIZED, AMERICAN TAXPAYER ARE BEARING THE PRICING IN OVERSTOCK THEY ARE HAVING.

[00:03:30]WE WILL SEE PRICES NATURALLY COME DOWN, STOCK GO DOWN AND AMERICAN CONSUMER AND AMERICAN FARMER THAT WE CARE ABOUT WILL GET THE BETTER END.

[00:03:41]>> Todd: AND ENERGY, CHINA GETTING ENERGY FROM IRAN, NOYOU MIGHT BE THE TIME