Scott Simon

Sure, especially with tariffs that could more than double the price on stuff we buy from China, like clothing and furniture and electronics and toys. Up until Wednesday, the president's tariff gun was sort of pointed in every direction. Now it is aimed more directly at China.

Sure, especially with tariffs that could more than double the price on stuff we buy from China, like clothing and furniture and electronics and toys. Up until Wednesday, the president's tariff gun was sort of pointed in every direction. Now it is aimed more directly at China.

Sure, especially with tariffs that could more than double the price on stuff we buy from China, like clothing and furniture and electronics and toys. Up until Wednesday, the president's tariff gun was sort of pointed in every direction. Now it is aimed more directly at China.

And that does mean there's more opportunity for importers to lower their tariff bill by shopping in countries other than China. But even if that happens, we're still looking at the highest tariffs since the Great Depression in the 1930s. And Austin Goolsbee says that could put the Fed in a tough spot as it tries to decide what to do with interest rates.

And that does mean there's more opportunity for importers to lower their tariff bill by shopping in countries other than China. But even if that happens, we're still looking at the highest tariffs since the Great Depression in the 1930s. And Austin Goolsbee says that could put the Fed in a tough spot as it tries to decide what to do with interest rates.

And that does mean there's more opportunity for importers to lower their tariff bill by shopping in countries other than China. But even if that happens, we're still looking at the highest tariffs since the Great Depression in the 1930s. And Austin Goolsbee says that could put the Fed in a tough spot as it tries to decide what to do with interest rates.

Right now, markets are betting the Fed will stick with that do-nothing approach and hold interest rates steady, at least for the next couple of months.

Right now, markets are betting the Fed will stick with that do-nothing approach and hold interest rates steady, at least for the next couple of months.

Right now, markets are betting the Fed will stick with that do-nothing approach and hold interest rates steady, at least for the next couple of months.

You're welcome.

You're welcome.

You're welcome.

You might even say that he goaded China into into a bad position, they responded, they have shown themselves to the world to be the bad actors.

You might even say that he goaded China into into a bad position, they responded, they have shown themselves to the world to be the bad actors.

You might even say that he goaded China into into a bad position, they responded, they have shown themselves to the world to be the bad actors.

Good morning, Layla.

Good morning, Layla.

Good morning, Layla.

The message from the market could not be any clearer. The market likes global trade and does not like anything that interferes with that. When President Trump was running interference with his deep tariffs, the market sank. When he suspended some of those tariffs, the market soared. The Dow Jones Industrial Average jumped more than 2,700 points yesterday. The S&P 500 Index was up more than 8.5%.

The message from the market could not be any clearer. The market likes global trade and does not like anything that interferes with that. When President Trump was running interference with his deep tariffs, the market sank. When he suspended some of those tariffs, the market soared. The Dow Jones Industrial Average jumped more than 2,700 points yesterday. The S&P 500 Index was up more than 8.5%.