Rachel Abrams

So, Ana, obviously today has been incredibly busy, but really the news on the tariffs over the last few months has been totally head spinning and frankly kind of hard to follow. And we're speaking to you shortly after President Trump has come out to the Rose Garden and announced this expansive new plan. We all watched it here at The Daily, and there's a lot to get into.

But I just want to start off with, can you walk us up to this moment?

But I just want to start off with, can you walk us up to this moment?

So let's dig into those measures for a second that he announced. Can you just explain them a bit more?

So let's dig into those measures for a second that he announced. Can you just explain them a bit more?

And to be clear, that universal 10% tariff that you mentioned, that's going to be applied to some countries where there is currently no tariff at all, including some of our allies. Is that right?

And to be clear, that universal 10% tariff that you mentioned, that's going to be applied to some countries where there is currently no tariff at all, including some of our allies. Is that right?

And by unfair, he means?

And by unfair, he means?

So in other words, he's sort of like, well, you have been unfair to us, so this is how we are going to get back at you. Exactly.

So in other words, he's sort of like, well, you have been unfair to us, so this is how we are going to get back at you. Exactly.

So during the speech, he held up this poster with kind of a big chart on it that tried to break down some of these numbers because there were a lot of countries, a lot of numbers. And the chart was supposed to help explain the calculations his administration made and how they came to it. Can you walk us through that a little bit?

So during the speech, he held up this poster with kind of a big chart on it that tried to break down some of these numbers because there were a lot of countries, a lot of numbers. And the chart was supposed to help explain the calculations his administration made and how they came to it. Can you walk us through that a little bit?

Just to be clear, we're talking about a 54% tariff on Chinese goods. It sounds astronomical. That is a very large number.

Just to be clear, we're talking about a 54% tariff on Chinese goods. It sounds astronomical. That is a very large number.

Alana, earlier you said that these were much bigger tariffs than anybody had been expecting. Can you just explain the rationale behind some of them and like what Trump was hoping to achieve with some of these more extensive measures?

Alana, earlier you said that these were much bigger tariffs than anybody had been expecting. Can you just explain the rationale behind some of them and like what Trump was hoping to achieve with some of these more extensive measures?

So it sounds like from your description that the 10 percent is kind of here to stay, whereas the other one is more of a negotiating tool. And we might see that one kind of fluctuate.

So it sounds like from your description that the 10 percent is kind of here to stay, whereas the other one is more of a negotiating tool. And we might see that one kind of fluctuate.

Can we just zoom out for a second? Because I kind of want to understand how the administration went about targeting these specific countries this way to begin with. Some countries are obviously being hit harder than others.