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What does the latest round of U.S. tariffs on China mean for American consumers? That's where we start our discussion with NPR's Jim Zarroli, who is on the line from New York.

Jim, good morning.

JIM ZARROLI, BYLINE: Good morning, Steve.

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Updated at 6:43 p.m. ET

President Trump announced Monday that he is ordering 10 percent tariffs on $200 billion worth of imports from China.

Trump also threatened to add tariffs on about $267 billion of additional imports if China retaliates against U.S. farmers or other industries.

It's the latest round of an escalating trade dispute between the two countries.

They were, once upon a time, a fixture in circus tents and at birthday parties, but today demand for clowns is down. Fewer people are interested in becoming clowns. Membership in the biggest clown associations has fallen.

Part of the problem is with the image of clowns projected in movies, cartoons, and books: instead of being fun, they're weird, or creepy, or downright menacing.

Faced with that kind of portrayal, clowns are looking for ways to counter this decades-long narrative. Stacey and Cardiff speak to one of them.

Meredith Corp. said Sunday it has reached a "definitive agreement" to sell Time magazine to Salesforce founder and tech billionaire Marc Benioff and his wife Lynne Benioff for $190 million.

The deal, first reported by The Wall Street Journal, comes almost eight months after Meredith finalized its purchase of Time Inc.

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