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Terms of the economy is 9 billion dollars of -- of tar arri -- tariffs, that's a fraction of the economy. >> look at tariff on aluminum, six pack of beer, a cent and a half. >> in billions of dollars. >> on a 19 trillion dollar economy. >> you agree it is billions of dollars increase. >> i agree the downstream effects of steel and aluminum tariffs are insignificant and the mission here is to preserve our steel and aluminum industries for national security and economic security. >> dana: how do you respond to the idea that these tariffs would only have a minor or trivial impact on the rest of t...

3/10 of a cent. i just paid $1.49 for this can of coke. it doesn't mean anything. so, all this hysteria is a lot to do about nothing. >> joining me now, member of the foreign relations committee, senator chris coons of delaware. thank you for joining me. it's nice to see you. >> thank you, kasie. i hope you're not going to ask me to explain what it was commerce secretary wilbur ross was trying to explain in that clip. >> you don't have a coke in hand. that's too bad. senator, i do want to start, though, with the tariffs. there has been quite the worldwide response, both from countries like chi...

We're talking about a fraction of a penny on a can of beer. >> that's if nothing is retaliated, though, mr. secretary, and right now europeans have said, oh, no, they're retaliating and they're going to do it quickly. >> retaliation isn't going to change the price of a can a beer or the price of a car. it's just not going to. it can't. >> the beer industry says it will. >> the beer industry hasn't put forward any numbers. my number is there's roughly three cents of aluminum in a can of beer. if you put a 10% tariff on that, that's 0.3 of a cent. beers sell for over $1 a can. >> okay. but again...

So, if that goes up 10%, that's 3/10 of a cent. i just paid $1.49 for this can of coke. it doesn't mean anything. so, all this hysteria is a lot to do about nothing. >> joining me now, member of the foreign relations committee, senator chris coons of delaware. thank you for joining me. it's nice to see you. >> thank you, kasie. i hope you're not going to ask me to explain what it was commerce secretary wilbur ross was trying to explain in that clip. >> you don't have a coke in hand. that's too bad. senator, i do want to start, though, with the tariffs. there has been quite the worldwide respon...