JEDEDIAH: FOX NEWS ALERT

PRESIDENT TRUMP ARRIVES IN

FRANCE AHEAD OF THE G7 SUMMIT.

GRIFF: THE PRESIDENT MEETING

WITH WORLD LEADERS AS THE

ECONOMY TAKES CENTER STAGE.

PETE: CHIEF WORSE CORRESPONDENT

IS LIVE IN FRANCE, THE PRESIDENT

WASTING NO TIME GETTING DOWN TO

BUSINESS.

>> NO, NOT AT ALL PETER,

JEDEDIAH AND GRIFF GOOD

AFTERNOON TO YOU FROM FRANCE

WHERE THEY CALL A CHEESEBURGER A

ROYALE, THE PRESIDENT NOT HAVING

A CHEESEBURGER, BUT HAVING LUNCH

WITH FRENCH PRESIDENT EMMANUEL

MACRON JUST A SHORT TIME AGO

THAT WAS A BIT OF A SURPRISE WE

WEREN'T EXPECTING HIM TO DO

ANYTHING EXCEPT FOR THE BIG G7

DINNER TONIGHT AND THE

RELATIONSHIP BETWEEN THE

PRESIDENT AND MACRON HAS BEEN

SUFFERING SOMEWHAT FIRST OF ALL,

AFTER MACRON SAID THAT EUROPE

NEEDS ITS OWN EUROPEAN ARMY

BECAUSE WE CAN NO LONGER RELY ON

THE UNITED STATES TO PROTECT IT

AND THEN IN A SPEECH COMMEMORAT

ING THE 100TH

ANNIVERSARY OF THE END OF WORLD

WAR ONE, MACRON TALKED ABOUT THE

AMERICA-FIRST POLICIES THAT THE

PRESIDENT HAS BEEN PROMOTING AND

THEN, MACRON NOW IS GOING TO BE

SLAPPING TAXES ON AMERICAN TECH

COMPANIES.

THE PRESIDENT SAYS THAT HE MAY

RETALIATE BY PUTTING TARIFFS ON

FRENCH WINE, BUT AT THE LUNCH

TODAY, THE PRESIDENT SAID THE

RELATIONSHIP BETWEEN THE TWO

LEADERS IS STILL GOOD.

LISTEN HERE.

PRESIDENT TRUMP: ITS BEEN A LONG

TIME, AND IT'S JUST A LITTLE BIT

, NOT VERY MUCH, BUT WE GET

ALONG VERY WELL AND WE HAVE A

LOT IN COMMON.

REPORTER: IN BILATERAL MEETINGS

AND AT THE G7 SUMMIT MEETINGS

THE PRESIDENT IS GOING TO BE

DRIVING A PRO-GROWTH MESSAGE

TALKING ABOUT WHAT HE HAS DONE

IN TERMS OF CUTTING TAXES AND

REGULATION.

IN THEIR LUNCHMEATING, EMMANUEL

MACRON DID SAY THAT MANY

EUROPEAN COUNTRIES ARE TALKING

ABOUT CUTTING TAXES TO IN VIEGA

O RATE THE ECONOMY.

THE PRESIDENT WILL ALSO URGE THE

G7 COUNTRIES TO REFORM THE WORLD

TRADE ORGANIZATION BECAUSE THE

PRESIDENT BELIEVES THAT CHINA

REALLY HAS BEEN GAMING THE

SYSTEM, AND THE CHANGES NEED TO

BE MADE.

NOW HANGING OVER THIS G7 SUMMIT

A LOT OF UNCERTAINTY ABOUT THE

GLOBAL ECONOMY BEING DRIVEN BY

THE INCREASING TRADE WAR BETWEEN

THE UNITED STATES AND CHINA,

WHICH WAS KICKED UP A NOTCH

YESTERDAY AFTER CHINA SAID IT

WAS GOING TO IMPLEMENT TARIFFS

ON $75 BILLION WORTH OF CHINESE

GOODS ON SEPTEMBER 1.

PRESIDENT TRUMP SAID THAT THE

UNITED STATES IS GOING TO

RESPOND BY INCREASING TARIFFS

WHICH ARE CURRENTLY AT 25% BY 5%

TO 30% AND THAT WILL HAPPEN ON

OCTOBER 1, AS PART OF A PACKAGE

OF TARIFFS ON $550 BILLION WORTH

OF CHINESE GOODS AND THE

PRESIDENT ALSO SAID HE WILL

INCREASE TO 15% TARIFFS THAT ARE

SCHEDULED TO GO INTO EFFECT ON

SEPTEMBER 1, AND ON DECEMBER 15.

IN A TWEET YESTERDAY, THE

PRESIDENT ALSO ORDERING U.S.

COMPANIES TO START LOOKING

FOR ALTERNATIVES OTHER THAN TO

GET THEIR GOODS MADE OR RAW

MATERIALS FROM CHINA.

NO QUESTION THAT THAT'S GOT

COMPANIES SCRAMBLING HOW TO

FIGURE OUT WHERE THEY COULD GO.

A LOT OF COMPANIES ARE TURNING

TO PLACES LIKE VIETNAM,

BANGLADESH AND INDONESIA BUT

THEY ARE WONDERING HOW SERIOUS

THE PRESIDENT IS ABOUT ALL OF

THAT.

THE PRESIDENT DOES INSIST HE'S

GOT THE AUTHORITY UNDER THE 197M

GOT THE AUTHORITY UNDER THE 197R

GOT THE AUTHORITY UNDER THE 197E

GOT THE AUTHORITY UNDER THE 197C

GOT THE AUTHORITY UNDER THE 197Y

GOT THE AUTHORITY UNDER THE 197E

GOT THE AUTHORITY UNDER THE 197O

GOT THE AUTHORITY UNDER THE 197I

GOT THE AUTHORITY UNDER THE 197C

GOT THE AUTHORITY UNDER THE 197P

GOT THE AUTHORITY UNDER THE 197W

GOT THE AUTHORITY UNDER THE 197R

GOT THE AUTHORITY UNDER THE 197S

ACT TO DO IT AND THE PRESIDENT

ALSO TAKING ANOTHER SWING AT HIS

FED CHAIRMAN, JEROME POWELL WHO

THE PRESIDENT HAS LONG BEEN

COMPLAINING RAISED INTEREST

RATES TOO MUCH AND TOO FAST LAST

YEAR.

THE PRESIDENT TWEETING OUT JUST

BEFORE HE LEFT, WHO IS THE

BIGGER ENEMY?