From Washington: The White House Is Standing By Its Tariff Strategy

Stocks tumbled after President Donald Trump unveiled his plan to impose tariffs on nearly all of America’s trading partners. The White House says market losses were expected, but believes its strategy will pay off in the long term. However, some Republicans, like Texas Senator Ted Cruz, fear that the policy could be "terrible for Americans." White House Principal Deputy Press Secretary Harrison Fields explains why he thinks consumers should not be worried, and lays out how this week was just the first step to leveling the playing field and improving the country's trade relationships. Th...