Host at our table this morning, christine mcdaniel, a white house senior trade economist during the George Administration and now a senior fellow at the George Mason University mercatuntwe are talke policy with china. What is a tariff, before we get into our policy right now under the Biden Administration . Guest a tax on imported products. Lets say that you buy this pen, you import this pen at a dollar. The government pa . 10 tariff on it then you pay 1. 10 instead of a dollar. Host s li the United States have tariffs . Guest a long time ago countries had tears be a gd revenue raiser. Over time countries got better at having income taxes, personal income tax, Corporate Income tax, collecting taxes, and now tariffs are veryiminive part of the revenue stream. Other countries. Guest u. S. Tariffs are still pretty low even though they are used a lot right now and have been the past few years. U. S. Tariffs are still pretty low, the average is still 2 to 3 . Now we have bigpike other count
Network, i felt like the crazy lady screaming the news in the eloqueevator and its a sad thio be right about. You look at covid and every single person, every single number destroys someones family and world and grief takes years. There is millions of years of grief thats been put in motion by Donald Trumps failures to contain and control covid. So i wish i had been wrong about donald trump. I appreciate you putting it that way. Its something were exploring later in the show and not anyone taking a victory lap but as we do this as a nation and have this reckoning, lets be clear who was right when and whether people were coming around are doing it the right way, otherwise we risk repeating mistakes. Youve had a long week as we all have. I hope you have some rest. Well be, im sure, counting on you monday. Thank you so much, my friend. Thank you. Thank you, nicole. I want to welcome everybody to the beat. Im ari melber. Were tracking breaking news. President trump facing this new growing
If you missed any of our q a conversation with the David Mccullough or you would like to watch it again, we will reair the interview today at 6 p. M. Eastern here on cspan2. Heres a great read to add to some retailers, cspans latest book sundays at eight, collection of stories from some of the most influential people over the past 25 years. I always knew that theres a risk in the bohemian i decided to take it because whether its an illusion or not, i dont think it is, it helped my concentration. It stop me being bored, stop of the people being bored to some extent. It would keep me awake, make the evening to go on longer, to prolong the conversation, to enhance the moment. If i was asked would i do it again, the answer is probably yes. I wouldve quit earlier possible in order to get away with the whole thing. Easy for me to say. Not very nice for my children to hear, sounds irresponsible if i sasaid i would do all that began to you. The truth is it would be hypocritical of me to say no
It is 9 00 on the east coast. And we have breaking news, a large earthquake rattling at least seven states now we know within the last hour. Preliminary information showing that this was a 5. 6 magnitude earthquake. We want to go straight to cnn meteorologist allison chinchar. Information is coming in so fast i feel like it was five minutes ago we had a report of three states. Now its a report of seven that felt this. What are you learning . Well, see, thats going to be very important. Because the reason the states are spreading is because the earthquake was so shallow. When it tends to be shallow, it can spread a deeper distance than a deeper earthquake could. This ties with november 11 for the strongest earth wake this history. But the depth was only 6. 6 kilometers. If which for earthquake terms is very shallow. Thats why it spread so far for people to feel this particular earthquake. Its about an hour and a half north of Oklahoma City and an hour west of tulsa for frame of referenc