Amid the tariff frenzy, what are Trump’s actual goals?

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• 00:00

  Good morning.

• 00:05

  It's Wednesday, March 12th.

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  I'm Shemitah Basu.

• 00:09

  This is Apple News today.

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  On today's show, the Trump administration threatens big funding cuts for higher education,

• 00:16

  lessons learned from the last major measles outbreak

• 00:19

  and a possible beginning of the end of the war in Ukraine.

• 00:33

  But first,

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  widespread tariffs from the Trump administration on foreign steel

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  and aluminum are expected to take effect today,

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  which would impact all countries the US Imports these resources from.

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  Both steel and aluminum will be tariffed at 25%.

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  And for one of those countries, Canada,

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  Trump initially planned to double the tariff rate in response

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  to a recent surcharge on electricity announced by Ontario.

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  But he withdrew that threat after Ontario rolled back their tax.

• 01:01

  Trump's tariff strategy has been a rollercoaster so far with threats and reversals.

• 01:06

  The stock market has been on a similar volatile ride,

• 01:10

  and it's left many wondering what exactly the president is trying to achieve with these tariffs.

• 01:15

  So we called up Dan Flatley, who covers national security and economics for Bloomberg News,

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