Everything is about to get more expensive. Here’s what to know.

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• 00:05

  Good morning.

• 00:05

  It's Monday, February 3rd.

• 00:07

  I'm Gideon Resnick in for Shemitah Basu.

• 00:09

  This is Apple News today.

• 00:11

  On today's show, the latest on last week's plane crash.

• 00:14

  Democrats pick a new leader and the NBA trade that shocked the league.

• 00:33

  But first,

• 00:34

  the world is bracing for a trade war

• 00:36

  after President Trump announced that starting tomorrow he will impose a 25% tariff on goods coming from Canada

• 00:42

  and Mexico,

• 00:43

  our two biggest trading partners, and a 10% tariff on goods coming from China.

• 00:48

  The president acknowledged that Americans may feel, quote, some pain, but said that it will be worth the price.

• 00:54

  There could be some temporary short term.

• 00:56

  Disruption and people will understand that almost immediately.

• 01:00

  Canada, Mexico and China announced that if the US Moves forward with this plan, they intend to retaliate.

• 01:07

  Canadian Prime Minister Justin Trudeau published a detailed list of American goods that his country plans to tariff,

• 01:12

  specifically items from Republican led states,

• 01:15

  taxing everything from Tennessee's whiskey to Florida's oranges and Kentucky's peanut butter.

• 01:20

  And some places say they'll no longer buy American beer and liquor.

• 01:24

  Prime Minister Trudeau spoke directly to the American people over the weekend,

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