Bring in show music, please.

This is Squawk Pod, and I'm CNBC producer Cameron Costa.

On today's podcast, tariffs on Canada and Mexico take effect, with some extra on China.

The question is, what's the end game, right?

Like, is this a fentanyl thing for real?

Is this what you're trying to shut down?

Is this we want to build American factories here?

Because that's a much longer-term process.

That's going to take years.

We asked the Commerce Secretary himself.

Howard Lutnik tells us, today, yes, it's all about fentanyl.

Today's opioids, April 2nd, I'll be here talking to you about how trade policy is going

to change, and we're going to make it fair to Americans.

U.S. stocks dropped, and the VIX Wall Street's fear gauge ticked up on Monday, as investors

digested the reality, which includes potentially higher costs for automakers.

Yes, as the president said on the campaign trail, it may well be short-term price movements,

but in the long term, it's going to be completely different.

This is going to be the greatest America, we'll have a balanced budget.

Price movements, indeed.

Retailers like Target are preparing themselves and their consumers for some changes.

Becky Quick sits down with Target's CEO, Brian Cornell.

We know for certain categories like fruits and vegetables, where during this winter season,

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