China announced a 34% retaliatory tariff on all goods imported from the U.S. on Friday morning following President Trump’s decision to slap steep tariffs on many countries. University of Pennsylvania Wharton School of Business professor Jeremy Siegel calls Trump’s actions the “biggest policy mistake in 95 years.” Meanwhile, in the nation’s capital, Senators Maria Cantwell and Chuck Grassley introduced bipartisan legislation to give Congress more power in setting and approving trade policy. Sen. Cantwell explains the push to limit the President’s authority. Plus, Snap-on CEO Nick Pinchuk weighs in on whether the broad tariffs were actually necessary and how they place the spotlight on the difficulties of manufacturing.

Jeremy Siegel - 11:40

Sen. Maria Cantwell - 25:46

Nick Pinchuk - 33:18

In this episode:

Maria Cantwell, @SenatorCantwell

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie