the price for products could certainly go up here in the u.s. >> trade spat. the markets are back up a little bit. they dropped yesterday. the steel and aluminum imports and tariffs are expected to take effect today. we have the china announcement. can you make sense of the instability in the markets for me? >> yes, it was a rocky night. started with the close of the market yesterday. the dow down 725 points. you look to asia after that and europe after that. what really changed things i think was the surprise announcement from president trump last night. of course, he had exempted canada and mexico earlier on from these tariffs as the nafta negotiations continue. he expanded that list last night. he added australia, argentina, brazil, the countries in the european union, south korea as well. that has given those countries some breathing room. i want to stress those exemptions are temporary.