these Goods joining us now is Dan Gale Trude CPA and business analyst alright Dan so tell us what we need to know here and what's happening who's affected and who is paying for this well let's be very clear about something a tariff is equivalent to a sales tax so ultimately the end user is going to pay that tax what the president is making reference to as to why it's not impacting us consumers is because China is manipulating their currency they're devaluing it which makes their money cheap which offsets any increase in the cost of product that's why he's saying China is paying for it but it's still getting passed through it's still being collected like any other tax got it so some of those tariffs that some of the products that are affected by these new tariffs include as we've heard a lot of times before Footwear some tools and hardware apparel electronics and you know you heard the White House come out with that delay of terrorists that were set for mid December they said it was a Christmas present to the nation some saw that as an acknowledgment that the US consumer is getting hit by this but what we have heard from many of these corporations Wall Street earnings reports that come out some do say that they're using it as an excuse but not a lot of companies have said hey we're passing along the cost of this to the consumer then well for right now they seem to want to hold it at bay in terms of not wanting to increase the price of the products but like I said it's being offset by the manipulation of the currency of China so that's why we're not seeing a big hit what we are seeing though is we are seeing Wall Street reacting to every little bit of news that comes out related to the tariffs now that certainly has an impact on the US economy it's caused uncertainty and uncertainty rattles markets and so we've seen some of these wild ups and downs on Wall Streets meanwhile the talks are expected to continue you heard a very optimistic president Trump and his team at the latest summit saying that we are talking and we are at the highest level talking with China what sort of optimism is out there that a deal is and will get done well a deal is gonna be difficult to ultimately happen and the reason for that is basically two points first there's the theft of intellectual property which China isn't even acknowledging that's number one and number two how are they going to put together a mechanism that ultimately ensures compliance look China is known for getting into deals and then they simply don't comply with them we see that going on right now in Hong Kong so there's a matter of trusting what the other side is going to do but it's more than that you need some type of way to ensure that they are gonna comply with whatever the agreement ultimately says so this talks will continue and still there will be a lot of uncertainty as far as getting further detail on on what the administration is able to accomplish here Dan great to see you thank you very much all right