Today, we look at the tariffs Donald Trump has announced for the whole world on what he calls "liberation day".
A universal 10% tariffs on all imports into the US will go into effect on 5 April, as the presidents explained with the help of a big card listing how each country will be effected.
Some countries and the EU are being charged more than the 10% base tariff.
Economics editor Faisal Islam joins Adam and Chris to go through the potential consequences.
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New episodes released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bit.ly/3ENLcS1 Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by Adam Fleming. It was made by Chris Flynn with Shiler Mahmoudi. The technical producer was Riccardo McCarthy. The assistant editor is Chris Gray. The editor is Sam Bonham.