welcome back. the white house is on lockdown after reports of shots fired near the north lawn. people on the white house lawns are sheltering in place. the u.s. secret service is reporting that a man shot himself. meantime, the european union is promising to retaliate after president trump said he will impose new tariffs on steel and aluminum coming into the u.s. the eu says it will target harley davidson, levi jeans and kentucky bourbon. some investors are worried it will lead to an all out trade war and the news on the steel tariffs sent the dow plunging 400 points. our tom foreman explains how these new tariffs could reach into everyone s wallets. reporter: the united states imports about one-third of all the raw steel is uses, more than 90% of all the aluminum it uses. these proposed tariffs would push up the cost of that by 25%
but it is as i mentioned, really, i mean, whether it could reach, you know, san francisco or pittsburgh or washington, i mean, how much does that matter, right? it s a grave threat. kim jong-un, should he be sleeping easily at night? no, i think he should not be, because he has the whole world against him, right? he s isolated. he s isolated on this. since 1953, the korean peninsula s been in a state of armistice. the war never formally ended. and there s been no aggression, no aggression from the united states, south korea, any of our allies. if he were removed, general, would the regime s behavior change, if that one individual were removed? i m not sure about that. i don t think anybody has a clear picture of the inner workings of that regime. what is clear is that it is an authoritarian dictatorship that has existed since the end of world war ii, now in its third
is over. and trolling the president on social media, said the u.s. establishment fully outwitted trump. the president is not happy about the sanctions, yet he could not but sign the bill. iran for its part is vowing a similar response, saying this infringes on their deal. and germany claim the missile launched into orbit was capable of delivering a nuclear war head. and the white house defending president trump s claims that he received congratulatory phone calls that appear to have never happened. one from the boy scouts of america and another from a head of state. the president told the wall street journal that there was no criticism of his highly political speech to scouts last week i got a call from the head of the boy scouts saying it was the greatest speech that was ever made to them and they were very thankful. then there is this claim he made before monday morning s cabinet meeting. even the president of mexico
we aren t winning. influenced, it seemed, by a meeting he had had earlier with veterans of the afghan war. those same sources tell nbc news some in the room were taken aback by an analogy the president made referencing the renovation of a favorite new york restaurant led by an outside consultant to illustrate how those on the ground might make better decisions than those at higher levels. his point was, perhaps it would have been better if that owner had gone to the employees who are working in the restaurant, rather than hired someone from the outside and wasted a lot of money. reporter: those officials also said the president seemed to know that china, not the u.s., is making money mining rare minerals in afghanistan. sources tell nbc news the president left the meeting without deciding on a strategy and that his advisers left stunned. officials close to secretary mattis said that when he returned to the pentagon after the meeting, he was visibly angry and went for a long wal
what does it mean for markets today? looking at futures just a short while ago, they re pointing downward, so maybe you will see a little profit-taking after we took out the big 22,000 number in yesterday s trading session. but as always, keep an eye on those earnings. and carolyn, russia s prime minister is responding to new sanctions, calling them an all out trade war. how is this going to impact the markets moving forward? whether it impacts the markets, that s a very difficult question, but certainly, that sort of language, that was very strong coming from the russian prime minister. he also said in a facebook post that the sanctions showed the trump administration was utterly powerless, and saying the hope that our relations with the new american administration would improve is finished. and speaking of trade, obviously, the big story yesterday was the news that the white house was going to take trade action against china. we now have a little bit more detail as to the tim