Hi there, everybody. Happy Monday. It's 4 o'clock in New York. Now, this is the kind of advice most of us get at one point or another in our lives. It goes like this. When you find yourself in a hole, just stop digging.

Well, today, despite pleading from a majority of the American people on the topic of our very economy,

the Trump administration isn't just refusing to put down the shovel.

It is calling in an excavator and preparing to dig ever deeper.

It starts with a round of new tariffs, or rather expanded ones.

Since we last met, Donald Trump announced he is doubling the current tariff rate on steel and aluminum imports up to 50%.

Treasury Secretary, Scott Bessent, was asked about that this weekend.

He did his best to paint a rosy picture.

But do you have a prediction on how much it's going to impact the construction industry, for example?

Well, I have a prediction on how much it's going to impact the steel industry.

And, you know, again, we'll see.

There are a lot of elasticity that, you know,

this is a very complicated ecosystem.

So is it going to impact the construction industry?

Maybe, but it's going to impact the steel industry in a great way.

There's going to be capital investment and the number of jobs

is going to be grown around the country, whether it's in Pittsburgh, whether it's in Arkansas,

whether it's in Alabama. Don't worry. There are elasticity. It sounds like a scrunchy.

Of course, after not one, but two defeats in federal court last week,

there's an open question as to whether or not Trump even has the authority to do this, to impose

some of his steepest tariffs at all. Those rulings against Trump are currently on pause as the Trump

administration prepares to appeal.

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