Scott Simon

And the result is a huge tariff increase, a 24 percent tax on imports from Japan, a 34 percent tax on imports from China, in addition to the 20 percent tariffs that were already in place. Now, other countries might absorb some of that cost, but a big part will be paid by businesses and consumers here in the U.S.

And the result is a huge tariff increase, a 24 percent tax on imports from Japan, a 34 percent tax on imports from China, in addition to the 20 percent tariffs that were already in place. Now, other countries might absorb some of that cost, but a big part will be paid by businesses and consumers here in the U.S.

Economists say it will likely mean higher prices and slower growth. Consumers are nervous, so are exporters. Tim Fiore conducts a monthly survey of factory managers for the Institute for Supply Management. He says they're already bracing for retaliation.

Economists say it will likely mean higher prices and slower growth. Consumers are nervous, so are exporters. Tim Fiore conducts a monthly survey of factory managers for the Institute for Supply Management. He says they're already bracing for retaliation.

Economists say it will likely mean higher prices and slower growth. Consumers are nervous, so are exporters. Tim Fiore conducts a monthly survey of factory managers for the Institute for Supply Management. He says they're already bracing for retaliation.

Domestic manufacturers are supposed to be the beneficiaries of this trade war, but factory orders, output, employment were all down last month in anticipation.

Domestic manufacturers are supposed to be the beneficiaries of this trade war, but factory orders, output, employment were all down last month in anticipation.

Domestic manufacturers are supposed to be the beneficiaries of this trade war, but factory orders, output, employment were all down last month in anticipation.

This is an enormous gamble. The U.S. launched a similar worldwide trade war back in the 1930s. It did not end well. The notorious Smoot-Hawley tariffs are widely considered to have worsened the Great Depression. And economists say Trump's new import taxes are even more draconian than those almost a century ago.

This is an enormous gamble. The U.S. launched a similar worldwide trade war back in the 1930s. It did not end well. The notorious Smoot-Hawley tariffs are widely considered to have worsened the Great Depression. And economists say Trump's new import taxes are even more draconian than those almost a century ago.

This is an enormous gamble. The U.S. launched a similar worldwide trade war back in the 1930s. It did not end well. The notorious Smoot-Hawley tariffs are widely considered to have worsened the Great Depression. And economists say Trump's new import taxes are even more draconian than those almost a century ago.

You're welcome.

You're welcome.

You're welcome.

If they're allowed to get away with this, then it means that the immigration laws are meaningless, all of them.

If they're allowed to get away with this, then it means that the immigration laws are meaningless, all of them.

If they're allowed to get away with this, then it means that the immigration laws are meaningless, all of them.

I mean, if they're allowed to get away with this, then it means that the immigration laws are meaningless, all of them.

I mean, if they're allowed to get away with this, then it means that the immigration laws are meaningless, all of them.

I mean, if they're allowed to get away with this, then it means that the immigration laws are meaningless, all of them.