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.

Are we going to see Taravs tariffs on Canada and Mexico?

Hello, this is the Marketplace Morning Report, and we're live from the BBC World Service.

I'm Leanna Byrne. Good morning.

The latest on tariffs, President Trump is expected to follow through on his plan to impose tariffs on Canada and Mexico starting the 1st of February, which is tomorrow. The BBC's business correspondent Nick Marsh has been

following this one. Hello. Hi, Leanna. So will he won't he on Canada and Mexico tariffs? What do you

think? It's anyone's guess, isn't it? But as of now, speaking to you, he has confirmed that starting on Saturday, imports from

America's closest to neighbours will be subject to a 25% border tax.

The reason, Donald Trump says, is the sort of jolt Mexico and Canada into action over the large amounts of undocumented migrants and opioid drugs that are coming across the US border from those countries.

So it's a negotiation tactic mainly. I think Donald Trump is pretty open about that.

But it does also have the economic dimension to it as well. It will protect American made goods and American jobs domestically, which is obviously a big concern of Donald Trump's as well.

But presumably it would be disruptive for US industries that rely on cross-border supply chains, particularly in energy and manufacturing as well?

It really would, and that's the other side of tariffs. Mexico and Canada are America's two

biggest trading partners. If you take an example like energy, so oil, like you just mentioned,

if you put tariffs on the imports of oil, then the price of oil will generally go up, not good for inflation. There is the possibility that Canadian oil, for example, might be exempt from these tariffs. So they're always flexible. You know, there's always room for negotiation. I mean, we saw the supposed tariffs that were going to be going on China, for

...