Make Me Smart

We answer more of your questions about tariffs

Podcast: Play in new window | Download

Not totally sure how tariffs work, who pays for them and how they’re collected? Look no further. In today’s episode, Kai and Nova answer these questions and more. We’ll explain how tariffs are applied and what they’re based on, as well as what happens when a good crosses a border multiple times. Plus, what’s the point of a country retaliating with tariffs if its citizens have to pay for them? We’ll get into it.

Here’s everything we talked about today:

• “Who Pays for Tariffs? Here’s What You Need to Know.” by The New York Times
• “China’s retaliatory tariffs on agricultural goods will squeeze farmers” from Marketplace
• Listen: Audio snippet on deals exporters and importers make to determine who will pay in the event of unexpected tariffs via OtterAi
• “How Tariffs Work” from The New York Times
• “Automakers warn that Trump tariffs will hike vehicle prices as much as 25%” from Reuters
• “Buying a Car? Trump’s Tariffs Could Make It More Expensive.” by The New York Times
• “Europe Delays Tariffs on U.S. Whiskey to Make Time to Negotiate” by The New York Times
• “Trump’s 200% tariff threat would be ‘a real disaster’ for Europe’s wine industry” by AP News

Join us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

More Great Podcasts:

Celebrity Jobber with Jeff Zito - Alex Lifeson from RUSH

Alex Lifeson from the band RUSH is on Celebrity Jobber with Jeff Zito this week. What type of work would Alex Lifeson be doing if... Read more

332. Josh Freese, Hasco Enjoyments

We had a laffun good time with our good pal and legendary drummer Josh Freese (Foo Fighters, Devo, NIN) who brought his stories from a... Read more

Trump Hits ALL TIME HIGH Approval In New Fox Poll, Democrats DEMAND Reps GO CRAZIER

Download Audio... Read more

TRUMPS SEGRAGATION PLAN, BROUGHT TO YOU BY THE LETTER 'F' FOR FAILURE - Why It won't Work and Why This Is The Dumbest Idea Since Trump University...Steaks...Vodka...ETC.

In this explosive episode of The Deron Harris Podcast, Deron dives headfirst into the latest controversial move by the Trump administration: the removal of the... Read more

Why Most Startups Fail - And How AI Can Change That: The David Hirschfeld Interview

In this episode, software veteran David Hirschfeld shares vivid insights into the rapidly approaching wave of AI transformation in tech, startups, and daily life. Drawing... Read more

Erica and Mark The Phone Call - Episode 45

This Phone Call was recorded 3.13.25 Today they told wild but true stories about our relatives who died of Alzhiemers and how its crazy now... Read more

Always Wondered - Official Trailer

Always Wondered. A podcast that takes a lighthearted look at everyday life’s little mysteries. Have you always wondered who came up with the idea for mouthwash?... Read more

The Big Bad Broadcast EP 170 -- Bigger and Badder.

We kick things off by discussing the quirks of modern technology, particularly automatic toilets, and loud hand dryers, which lead us into a conversation about... Read more

March 21, 2024. Guru on the road. Travel is more gruesome than ever! People do this for vacation!!

Coming to the U.S.? Have proper papers! There is a new sheriff in town! A nuclear submarine nearby worries people! Get a life! The Guru... Read more

Older posts