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>> i appreciate your time. the author of makers and takers, a rise of finance in the fall. harley-davidson stands to lose $100 million a year. explain to us how tariffs work. >> they're basically a tax on doing business. countries impose tariffs on other countries and it makes products imported to the u.s. from europe or vice versa, from the u.s. to europe. more expensive. that's what happens. in a trade war. a fax consumers end up paying. and we are in for a lot more of this. i think these tariff that's we're seeing a iconic companies are not just a negotiating posture on the part of donald t...

More expensive. that's what happens. a fax consumers end up paying. and we are in for a lot more of this. i think these tariff that's we're seeing a iconic companies are not just a negotiating posture on the part of donald trump. something that has been talked about a lot. i think it is normal for global trade. this president has said exactly what he said he would do. put tariffs on countries he feels is not playing fair. i think it is terrible strategy that we've ended up in a trade war with allies like the u.s., canada, mexico, at the same time we're fighting china, which is really the real ...