President Trump announced that he intends to impose tariffs on steel and aluminum imports.
In a tweet, he stated that "We must protect our country and our workers. Our steel industry is in bad shape. IF YOU DON’T HAVE STEEL, YOU DON’T HAVE A COUNTRY!"
Foreign leaders, not surprisingly, reacted by threatening to impose tariffs on American products like Harley Davidson motorcycles--and BOURBON!
According to The New York Times, the president of the European Commission, Jean-Claude Juncker, says “None of this is reasonable, but reason is a sentiment that is very unevenly distributed in this world".
Bringing some reason to the conversation, NY Times tax and economics reporter Jim Tankersley. He joined Armstrong & Getty to everyone understand just what the heck all of this means to the rest of us.
Listen to the discussion below...