Hi, David Brancaccio here. This week on Marketplace Morning Report, I was asked to share a personal

story. My wife and I worked on a plan to move back to California with two of our offspring living in the

Golden State. In November, we made that dream a reality when we purchased a cozy bungalow in the city of Altadena.

Just a few weeks later, our home, along with so many thousands of others, is in ruins, total loss.

This week, we return to survey what little the wildfire left and to start planning what might be next for us.

I'm learning a lot, and some of it may be useful to others rebuilding after disaster from

cleaning up the mess to navigating insurance, mortgages, taxes, to securing contractors and more.

Listen to Marketplace Morning Report wherever you get your podcasts.

Canada, Mexico and China get hit with more tariffs and Europe could be next.

Live from the BBC World Service, this is the Marketplace Morning Report.

I'm Leanna Byrne. Good morning.

We're starting this week with global stocks in the red after President Trump followed through with his promise to slap tariffs on Canada, Mexico and China.

He says it's a response to illegal immigration and drug trafficking from those countries.

And it's not just them in the firing line.

The European Union is also facing pressure.

Trump is zeroing in on the US trade deficit with the EU. That's when a country

imports more from a country or in this case a trading bloc than it exports. Last year, the US ran a

deficit of $213 billion. He's now calling that an atrocity. But Radekisikikikovsky, Poland's

foreign minister, says that despite that deficit, both sides benefit from their trading relationship.

Remember that you should take into account not only the trade in visible goods, where indeed Europe has a trade surplus, but also in services.

We consume Hollywood movies and we are addicted to social media,

which are American and where the United States has a huge surplus. We also export vast amounts

...