Are we good? I'm here. Oh, Zishan is here. Yeah, yeah.

Hello, welcome to another episode of the Weeds on the Box Media Podcast Network.

I'm Matthew Glacias here today with Darryl Land and we are joined by Zishan Alim

who is here to help us understand Donald Trump and trade and the trade war.

The official trade war is starting today with China as I understand it.

That starts right the president and Zishan Ping go 1, 2, 3, 4. I declare trade war.

Yes, that is exactly how it works. But seriously, what literally happened today?

Yeah, so at about 12.01 this morning, the US officially initiated tariffs on $34 billion worth of Chinese goods.

They're being exported to the US and it hits a variety of things like flat screen televisions, aircraft parts, medical devices,

generally things that are sort of higher end tech.

So that officially went into place and then China immediately responded and said we are going to reciprocate those tariffs

and hit the same amount, same scale.

They haven't provided the exact details as of this moment, but the idea is that they're going to be hitting US agricultural goods.

Things like soybeans, pork and other kinds of major sort of agricultural exports from the US.

So these have been the opening salvos of a trade clash that's been talked about on and off since the campaign trail.

So basic question, when we're talking about $34 billion worth of goods,

that's like the estimate of how much in annual imports would be affected by this.

Or is it literally like there's a certain known universe of goods that are on route to or currently in the US that if you totem up or worth $34 billion?

Well, the idea is that $34 billion worth of goods are going to get 25% tariffs.

So they're going to be 25% more expensive.

So it means that when importers are going to pull them into the US, then they have to pay an extra 25% on those goods.

And that makes them a lot more expensive at the border.

...