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On your mark. Yes, sir. Bye. We're back in the nation's favorite tent. Let's do this. And it's

packed with a fresh batch of famous faces.

As long as it's edible, I'd be happy.

Don't chalk, trying, Mikey.

How can it be?

The great celebrity baker for Stand Up to Cancer on Channel 4.

Stream now. No. Welcome to the Pdbbs to Situation Report. I'm Mike Baker. Your eyes and ears on the world stage. All right. Let's get briefed. It's been a crazy week if you

haven't noticed. I suspect you've noticed. We'll kick things off with President Trump doing a

U-turn on global tariffs, but not when it comes to China. In fact, he's ramping things up,

slapping a 104% tariff on Chinese goods. And Beijing, well, they're already retaliating. Gordon Chang joins us to talk about what this

economic showdown means for China and for us. Later in the show, we'll bring you the latest from the

battlefield. Both Russia and Ukraine have reportedly launched new offensives, raising the stakes on multiple fronts.

George Barros from the Institute for the Study of War, he joins us with the latest on where things stand and where they could be headed.

But first, today's situation reports spotlight.

The past week has been a wild ride. That's putting in mildly. Markets bounced around as President Trump hit pause on his global tariff push, except when it comes to China. After Beijing fired back with 84% tariffs on U.S. goods, Trump responded with a brutal 104% tariff on Chinese imports. That one's still in place.

Now, this could spell serious trouble for China. Their economy depends heavily on exports.

And if those slow down, well, the pain could run deep. But just how much damage are we talking?

...