campbell s soup there. some members of the media didn t like that. do you regret it? do i regret it? no. i think it brought a very clear message to people that these increases and costs of steel and aluminum are trivial. you ll notice neither these soup industry, nor the candy industry, nor the beer industry, nor the soda industry, not one of them has said my numbers were wrong. if i just went on tv and spewed a bunch of numbers, nobody would notice. holding up those cans, people notice. they can focus on how trivial a fraction of a penny on a can of campbell s soup will cause the world to come to an end? not a chance. trish: are you going to miss gary cohn? pardon me? trish: are you going to miss gary cohn? gary cohn is a capable
european union said they would respond with their own tariffs if trump goes through with his plan. the eu said they would specifically target blue jeans, bourbon and harley davidson motorcycles. that seems strange. remember, most bourbon is made in kentucky. mitch mcconnell s home state. those harleys are manufactured in paul ryan s home district. trump responded to the threat by saying if the eu follows through, he will impose new tariffs on european-made cars. meanwhile, back in the u.s., companies like toyota, general motors, campbell s soup and hershey say trump s tariffs could hike the cost of doing business, ultimately costing the american consumer more money. let s go back to wilbur ross who says people are making a big deal out of nothing. we re talking about a fraction of a penny on a can of beans. that s if nobody retaliated, mr. secretary, and europeans have said oh, no, they re retaliating, and quickly. retaliation isn t going to change the price of a can of
before we toss it over to morning joe. let s check on the stories to watch in the day ahead. president trump is set to welcome israeli prime minister netanyahu to the white house today. the two men are not scheduled to make any public comments during his netanyahu s visit. it comes amid the leader s legal troubles in several far-reaching bribery scandals. bill cosby is expected to appear in a pennsylvania courtroom today ahead of his upcoming sexual abuse retrial. today s proceeding will determine whether the evidence presented to jurors at his second trial on sexual assault charges will differ from that in his first. that ended in a mistrial last june. that will include whether the judge will allow any more of cosby s accusers to testify than he allowed during the last proceeding. that does it for us on this monday morning. morning joe starts right now. this is a can of campbell s
so, if that goes up by 25%, that s about 6/10 of one cent on the price of a can of campbell s soup. who in the world is going to be too bothered by 6/10 of a cent? wilbur ross is my guest. i m going to talk to him in a moment. first, the facts. the tariff sent the dow plunging. almost everyone in the president s circle thinks it s a bad idea. what is the deal? the deal is, you have to look at the numbers to see if you can figure out what it means. it s confusing. the u.s. imports a third of the raw steel it uses, 90% of the aluminum. the tariffs push up the cost 25%, 10% respectively. in theory, that would be paid by the foreign companies trying to get their products into the u.s. yeah, if their stuff is more expensive, that could help u.s.
kel lei tempted to explain that, saying, quote, the first accusation had to do with a messy divorce but no mention of physical abuse. porter s second wife blasted kelly s explanation in a statement saying that is insulting to anyone suffering in an abusive situation now. emotional and psychological abuse is abuse. not to mention punching in windows and dragging someone out of a shower is physical. the president is also facing growing criticism over his sudden announcement of new tariffs on steel and aluminum coming into the u.s. moves that are almost certain to spark a trade war. mr. trump s response, trade wars are good and easy to win. we win big. it s easy. the wall street journal is not buying it. warning, donald trump made the biggest policy blunder of his presidency. when asked about predictions from economist that consumer costs will go up, commerce secretary ross pulled out a can of soup. let s put it in perspective. i just bought a can of campbell s soup today ted 7-eleven