Keyed to President Donald Trump’s tariff announcement today, Kimberly and Sabri unpack some of the messaging about the impact tariffs had during the president’s first term and explain why many of those claims are overblown. Plus, why we’re smiling about Sen. Cory Booker’s historic speech and how Sabri fell victim to April Fools’ Day shenanigans! (Note: This episode was recorded prior to Trump’s speech.)

Here’s everything we talked about today: 

• “Trump’s Tariffs Make the Fed’s Interest Rate Decisions Tougher” from The New York Times 

• “Tariffs Work — and President Trump’s First Term Proves It” from The White House

• “Economic View: Tariffs Have Strengthened the U.S. Economy” from the Coalition for a Prosperous America

• “Economic Impact of Section 232 and 301 Tariffs on U.S. Industries” from the United States International Trade Commission

• “ITC Study Proves Effectiveness of China Tariffs on Boosting Domestic Production, Reducing Dependence on Imports” from the Coalition for a Prosperous America

• “Home Depot to Charge For Parking to Combat Inflation” by Pro Tool Reviews

• “Booker sets new record for longest Senate floor speech” from Roll Call

• @kimberlyadams.bsky.social‬ via Bluesky

Got a question or comment for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.