Scott Simon

Good morning. More downs than ups lately.

Good morning. More downs than ups lately.

Yeah, math happened. Analysts crunched the numbers yesterday and figured out that even with Wednesday's rollback, we're still looking at the highest import taxes in well over a century. There's now a 10% tax on everything the U.S. buys from most countries around the world. And the tax on imports from China is even higher than we thought, 145%.

Yeah, math happened. Analysts crunched the numbers yesterday and figured out that even with Wednesday's rollback, we're still looking at the highest import taxes in well over a century. There's now a 10% tax on everything the U.S. buys from most countries around the world. And the tax on imports from China is even higher than we thought, 145%.

Yeah, math happened. Analysts crunched the numbers yesterday and figured out that even with Wednesday's rollback, we're still looking at the highest import taxes in well over a century. There's now a 10% tax on everything the U.S. buys from most countries around the world. And the tax on imports from China is even higher than we thought, 145%.

Now, overnight, China punched back with its own triple-digit tariff on U.S. exports. And investors are worried this could really be a drag on economic growth. Speaking at the Economic Club of New York yesterday, Austin Goolsbee used a technical term to describe all this. He called it the freak-out channel. Goolsbee is president of the Federal Reserve Bank of Chicago.

Now, overnight, China punched back with its own triple-digit tariff on U.S. exports. And investors are worried this could really be a drag on economic growth. Speaking at the Economic Club of New York yesterday, Austin Goolsbee used a technical term to describe all this. He called it the freak-out channel. Goolsbee is president of the Federal Reserve Bank of Chicago.

Now, overnight, China punched back with its own triple-digit tariff on U.S. exports. And investors are worried this could really be a drag on economic growth. Speaking at the Economic Club of New York yesterday, Austin Goolsbee used a technical term to describe all this. He called it the freak-out channel. Goolsbee is president of the Federal Reserve Bank of Chicago.

President Trump's been lobbying the Fed to cut interest rates, but Goolsbee says the central bank's going to take its time. He notes that before this trade war took off last week, the U.S. was actually in solid economic shape with low unemployment and falling inflation.

President Trump's been lobbying the Fed to cut interest rates, but Goolsbee says the central bank's going to take its time. He notes that before this trade war took off last week, the U.S. was actually in solid economic shape with low unemployment and falling inflation.

President Trump's been lobbying the Fed to cut interest rates, but Goolsbee says the central bank's going to take its time. He notes that before this trade war took off last week, the U.S. was actually in solid economic shape with low unemployment and falling inflation.

Yeah, yesterday's report from the Labor Department showed inflation seemed to be coming under control last month. Prices in March were up only 2.4% from a year ago. Prices actually came down a little bit between February and March, thanks to a sharp drop in gas prices.

Yeah, yesterday's report from the Labor Department showed inflation seemed to be coming under control last month. Prices in March were up only 2.4% from a year ago. Prices actually came down a little bit between February and March, thanks to a sharp drop in gas prices.

Yeah, yesterday's report from the Labor Department showed inflation seemed to be coming under control last month. Prices in March were up only 2.4% from a year ago. Prices actually came down a little bit between February and March, thanks to a sharp drop in gas prices.

Now, I should note grocery prices, which are something that the president likes to talk a lot about, were up in March, and retail egg prices continue to climb. Egg farmers have gotten a little bit of a break in recent weeks from avian flu after a really tough winter season. But it's going to take months to rebuild the egg-laying flock.

Now, I should note grocery prices, which are something that the president likes to talk a lot about, were up in March, and retail egg prices continue to climb. Egg farmers have gotten a little bit of a break in recent weeks from avian flu after a really tough winter season. But it's going to take months to rebuild the egg-laying flock.

Now, I should note grocery prices, which are something that the president likes to talk a lot about, were up in March, and retail egg prices continue to climb. Egg farmers have gotten a little bit of a break in recent weeks from avian flu after a really tough winter season. But it's going to take months to rebuild the egg-laying flock.

And in the meantime, egg prices are up about 60% from a year ago with Easter just around the corner.

And in the meantime, egg prices are up about 60% from a year ago with Easter just around the corner.

And in the meantime, egg prices are up about 60% from a year ago with Easter just around the corner.