i think if you keep $34 billion in tariffs today matched by the chinese then the president adds $16 billion next week and then it stops there, this very strong u.s. economy can absorb this but if you start to see tit for tat retaliation, the president promised $500 billion in tariffs. if you start to go that far i think it starts to hurt the economy. >> we'll watch christine. appreciate it. thank you. joining us to discuss further, cnn senior economics analyst and former trump economic adviser steven moore and global economic analyst rana foroohar. we just laid out the reality of where we are today but for people watching this at home there's the other reality of how does this impact me right now. what is the impact on the u.s. consumer? >> well, the impact of tariffs on a consumer is always that it's a tax, right? it raises prices for consumers and how much prices go up depend on how many tariffs there are, how it's interacting with