China’s leader is in neighboring Vietnam as both countries face hefty U.S. tariffs. The visit comes as Beijing faces 145% U.S. tariffs, while Vietnam seeks to reduce threatened 46% duties set for July. Asian markets reacted positively after a tariff exemption was announced for electronics and semi-conductors. Plus, in a dramatic turn of events, the British government has taken control of a Chinese-owned steel plant in the UK that was said to be days away from closing.

The U.S. dollar hit a three-year low in foreign exchange markets today, signaling nervousness in global markets over tariffs. We delve into what the drop means. Plus, we discuss with FHN Chief Economist Chris Low why the bond market might just be the most powerful balance on the president’s authority to impose tariffs. And, in the latest edition of our “What’s That Like?” series is exploring the odd, unusual and downright weird jobs that help prop up our economy, we chat with an oyster farmer about raising the slimy, delicious shellfish.

People who are about to retire likely just saw their pool of money shrink because of all of the market uncertainty. We chat about what the latest tariff-driven turmoil likely means for savers and how to navigate it. Plus, a look at why the dollar has been dropping in recent days. And, how Prada’s purchase of fellow luxury brand Versace might change how the brand sells itself to consumers.

From the BBC World Service: China has announced it is responding to steepening US tariffs by ramping up its own taxes on imported US products to 125%. It's the latest twist in what's been a whiplash-inducing week for global investors, government finances, and our savings. Plus, shares in luxury brand Prada were up on Friday after it agreed to buy rival fashion house Versace in a deal worth over $1 billion. And, some customer-facing businesses in South Korea are turning to automation to solve staffing issues amid declining birth rates.

"Tariffs of this kind of magnitude always do more damage than good," says Diane Swonk, chief economist at the audit, tax and advisory firm KPMG. Today, we'll get assessments on the economic impacts of the trade war under President Donald Trump in 2018. Plus, we'll learn how a furniture store CEO and carnival operator are navigating tariff-induced uncertainty. And later, we'll hear about the difference that New Mexico's free child care makes for working families.

With President Donald Trump's abrupt U-turn on tariffs yesterday, investors have been reminded that the economic landscape can be painted over in an instant. The president said he acted "instinctively, more than anything else." So how should investors be thinking about this economic moment? We're joined by Russ Mould, investment director at U.K.-based investment platform AJ Bell, to discuss. Also on the show: student certificates and the market for chicken feet.

From the BBC World Service: While President Donald Trump's tariffs have been paused for 90 days for most countries, one targeted country didn't escape the list: China. We'll discuss the tools the Chinese government could employ in response, including additional tariffs, export controls, sanctions and a reduction in the purchases of U.S. Treasuries. We'll also hear from an LA-based toy store owner about the stress and confusion that tariffs are causing.

China — undeterred by President Donald Trump raising import taxes on the country to 104% — will raise its tariff on U.S. goods by another 84%. The European Union also responded to U.S. steel and aluminum tariffs with some specific import duties of its own. How are markets digesting this? Then, the IRS may be about to lose its third leader in four months. And later: a look at how workers are using AI in their jobs.

Fresh U.S. tariffs have more than doubled the cost of goods coming from China; hefty duties have been applied to goods from allies, as well — 20% for the EU and 24% for Japan. The bond market is unsettled this morning, partly in response. What exactly is going on here? Plus, our country remains deeply divided. As part of our Office Politics series, we identify some widely shared principles Americans generally agree on.

From the BBC World Service: About 60 countries are now being charged higher import taxes on goods going into the U.S. American consumers could feel rising prices as a result. We hear from Taiwan and Vietnam, which supply vital products to the States. There's also confusion about how import duties will be calculated for goods that go through production processes in different countries. We get a toy company's perspective.