Two topics and two guests today. First, more tariffs! And then--can American build ships again? CFR’s Brad Setser joins to discuss all things trade war: whether we can see an emerging Trump tariff strategy, how Trump’s 2017 tax bill combined with new tariffs on pharmaceutical imports means the U.S. government will be paying pharmaceutical tariffs to itself, why Europe should respond to Trump’s tariffs by investing in its own domestic economy, and what to make of other countries striking trade deals with each other. Then (at minute 28.30) the Wilson Center’s William Henagan joins to talk U.S. shipbuilding: how it declines, and whether Trump’s plans to charge up to $1.5 million to dock a Chinese made ship at a U.S. port will help resurrect the industry.