understand that the long-run goal is an extremely worthy one. >> trump's fellow republicans aren't show sure about that though. one of the skeptics, utah senator mitt romney who said i hope the tariffs going into effect can be removed and replaced by a mutually trade agreement. trade wars are a tax on americans. the "t" word is one no one in the republican party likes too much. joining me david gura and matt gold, a former executive u.s. trade representative. he also teaches at law school. david, you were down at the stock exchange today. how is wall street, the business community, how is the economy as a whole responding to this? >> markets are muted in response. we didn't see a lot of market movement. as i talked to investors, to china watchers, to market strategists, a lot of them expressed optimism it would be sorted out. despite the fact we have the tariffs being implemented, we see retaliation, the president talked about another $16 billion