Cabot Phillips

And the president says this is just phase one, and that by the end of the month, he'll roll out plans for similar across-the-board tariffs on everything from computer chips and copper to oil, gas, and pharmaceuticals. According to Trump, these tariffs are simply a response to those already in place from other countries. As he put it, quote, they charge us, we charge them.

And the president says this is just phase one, and that by the end of the month, he'll roll out plans for similar across-the-board tariffs on everything from computer chips and copper to oil, gas, and pharmaceuticals. According to Trump, these tariffs are simply a response to those already in place from other countries. As he put it, quote, they charge us, we charge them.

Here's White House Deputy Chief of Staff Stephen Miller on Fox speaking to that point.

Here's White House Deputy Chief of Staff Stephen Miller on Fox speaking to that point.

So as Trump allies put it, the president sees two different types of tariffs, punitive and structural. For example, punitive tariffs would be like those threatened against Canada and Mexico last week. They're intended more as punishment, in that case for illegal immigration, and the goal is non-trade related. These latest steel and aluminum tariffs, though, are different.

So as Trump allies put it, the president sees two different types of tariffs, punitive and structural. For example, punitive tariffs would be like those threatened against Canada and Mexico last week. They're intended more as punishment, in that case for illegal immigration, and the goal is non-trade related. These latest steel and aluminum tariffs, though, are different.

In fact, they're meant as a long-term structural change to US trade policy more broadly. Trump firmly believes that tariffs are a quick way to increase revenue, offset trade deficits, and spur manufacturing here in the US. Remember, he believes businesses will be encouraged to bring production stateside to avoid paying these tariffs at the border. But that is a gamble for a few reasons.

In fact, they're meant as a long-term structural change to US trade policy more broadly. Trump firmly believes that tariffs are a quick way to increase revenue, offset trade deficits, and spur manufacturing here in the US. Remember, he believes businesses will be encouraged to bring production stateside to avoid paying these tariffs at the border. But that is a gamble for a few reasons.

First, Trump himself has admitted that the plan could result in price increases as businesses pass the cost of these tariffs on to consumers. He says those price spikes would be short term, but even a short term increase would hurt him politically. And second, other countries could well respond with tariffs of their own, something we're already starting to see.

First, Trump himself has admitted that the plan could result in price increases as businesses pass the cost of these tariffs on to consumers. He says those price spikes would be short term, but even a short term increase would hurt him politically. And second, other countries could well respond with tariffs of their own, something we're already starting to see.

Well, on Monday, Chinese tariffs officially went into effect. Those include 10 to 15% on crude oil, natural gas, and other American goods. Beijing issued a statement saying, quote, we urge the US side to stop its wrongful actions and refrain from politicizing and instrumentalizing economic and trade issues.

Well, on Monday, Chinese tariffs officially went into effect. Those include 10 to 15% on crude oil, natural gas, and other American goods. Beijing issued a statement saying, quote, we urge the US side to stop its wrongful actions and refrain from politicizing and instrumentalizing economic and trade issues.

Likewise, the EU vowed Monday to respond with higher tariffs of their own, calling Trump's order unlawful and counterproductive. So, things certainly could get messy. Now, domestically, the response has been mixed.

Likewise, the EU vowed Monday to respond with higher tariffs of their own, calling Trump's order unlawful and counterproductive. So, things certainly could get messy. Now, domestically, the response has been mixed.

American steel and auto workers celebrated the move and domestic steel and aluminum stocks soared, while Democrats and a handful of more traditional free market Republicans expressed opposition, saying no one wins a trade war and the consumers will ultimately foot the bill.

American steel and auto workers celebrated the move and domestic steel and aluminum stocks soared, while Democrats and a handful of more traditional free market Republicans expressed opposition, saying no one wins a trade war and the consumers will ultimately foot the bill.

Yeah, on Monday night, Tulsi Gabbard moved one step closer to being confirmed as the next director of national intelligence. The Senate voted to advance her nomination to a final vote and opened up a 30-hour window for debate on the floor. She'll need to get 50 votes. That vote will likely be held this week. And then all eyes will turn to RFK.

Yeah, on Monday night, Tulsi Gabbard moved one step closer to being confirmed as the next director of national intelligence. The Senate voted to advance her nomination to a final vote and opened up a 30-hour window for debate on the floor. She'll need to get 50 votes. That vote will likely be held this week. And then all eyes will turn to RFK.

Yeah, this was actually a return to tradition as Joe Biden had declined interviews the last two years. Trump sat down with Fox's Brett Baier and explained why he chose to attend the game in person. He was actually the first sitting president to ever attend a Super Bowl.

Yeah, this was actually a return to tradition as Joe Biden had declined interviews the last two years. Trump sat down with Fox's Brett Baier and explained why he chose to attend the game in person. He was actually the first sitting president to ever attend a Super Bowl.