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.

Tomorrow may bring the opening shot in a sprawling series of trade wars.

From Marketplace, I'm Subrey Beneshaw and for David Brancaccio.

President Donald Trump says he is still planning to impose import taxes, also known as tariffs on goods from Canada and Mexico, starting tomorrow. In the past, he's floated a rate of 25%, but there could be exceptions. Marketplaces

Nancy Marshall-Genzor reports.

Trump reiterated his tariff threats yesterday. The penalties would be aimed at getting Canada and Mexico

to do more to stem the flow of undocumented

immigrants and fentanyl across the U.S. border. But there are reports that Trump would exempt

Canadian oil imports from tariffs that could raise gas prices for U.S. consumers. Canada and Mexico

have said they would slap retaliatory tariffs on U.S. products.

S&P Global Ratings says the impact on Mexico's economy from tariffs would be 11 times

greater than the effect on the U.S.

And the hit to Canada's economy would be five times higher.

I'm Nancy Marshall Genser for Marketplace.

And President Trump has also suggested 10% tariffs on China. Among the tens of thousands of people whose lives were upended by this month's wildfires were many of our colleagues.

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