Chris Hayes explains how Trump's obsession with California's water supply, which led him to order the opening of dams, will do little to help L.A. fire victims.

Grammer now … A day after levying steep new tariffs on Mexico, Canada and China, President Trump acknowledged what economists, members of Congress and even some of his own aides — in their previous lives — have been saying all along: Americans may find themselves paying the costs.

President Donald Trump recently ordered the US Army to release water from California dams, but experts believe it will bring more problems for the state.

State Farm, the largest home insurer in California, is asking for an emergency rate hike from state regulators as it warns that multibillion-dollar payouts from the Los Angeles wildfires threaten its balance sheet and the broader insurance market.

State Farm said it wants to raise rates for millions of California homeowners due to increasing wildfire risks.