How much would a tariff war hurt, really?

Trump's tariffs are here, but do those voting for them really understand how they work? Plus, the housing market is cooling down, but should we take it further and push prices down even more? And, we’re taxing tobacco heavily, but surprisingly, the tax revenue is dropping. Turns out, it’s not because people are quitting. Could we be facing a self-defeating tax?

Taj Pabari - social entrepreneur and author of Young, Dumb and Financially Independent: What school didn't teach you about money.

Emilia Terzon - ABC national business reporter.

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