meet with his team and we'll let you know when we have an announcement on that. >> is that a topic that came up in their conversation? >> there was some conversation about it but there wasn't a commitment made on behalf of the united states. the president will work with his team and we'll let you know if there is an announcement on that front. >> the president earlier today said there could be, quote, tremendous retribution for the european union if there is not a deal struck on auto imports. in the past he's spoke about potentially putting a tariff of 20%. is that what he meant by "tremendous" retribution? >> certainly that's an option on the table that the president is considering but we are in the investigation process right now and we'll let you know when we have an announcement. >> since you brought up the fed, the beige book that came out which are anecdotes from around the country -- headlines, many manufacturers are concerned about tariffs, dealing with higher prices because of trade. tariffs are increasing metal