You're good. Then we're all good. Let's go. Let's go. Hey, everyone. I'm Megan McCarty Carino. Welcome back to make me make. Why can I ever say this? Welcome back to make me smart. Where we make today makes sense. They know what they're listening to they're but not every day makes sense so it's

fine it really is I'm Kimberly Adams thank you everyone for listening on this Thursday August the 7th

today we're going to unpack some clips from the news that we've been following and some of our

own reporting and then we're going to end things on a rather spectacular win.

All right. And just to be a little different today, we thought, you know, we'd talk about tariffs.

Yeah, because he's talking about that.

We haven't talked about tariffs in, I don't know, a few hours. So, but no, you know, today, in you haven't heard, it's another big tariff-palooza.

There's these new tariff rates that have taken effect for about 90 countries.

Yesterday, President Trump threatened a new tariff on semiconductors coming to the United States,

100 percent.

But companies can avoid it if they play ball. So here's Commerce

Secretary Howard Lutnik on Fox News this morning. You've heard him say time and again,

if you build in America, you're not going to pay a tariff. And what he did is he said,

I'll give you the leeway if you're committed to building in America and only if you're

committed to building in America, only if you're committed to building

in America, then he'll hold off on your tariff. But if you're not building in America,

100% tariff. So if companies pledged to build and invest in the U.S., sounds like they won't face

the 100% tariff on semiconductors.

Which is exactly what we talked about yesterday, right? It's so transactional. Just a bit.

Especially since it's not super clear what invest in America means. So, you know, if companies, in order to avoid this 100% tariff on semiconductors, how much do they need to promise to build and invest? And we talked about Apple's investment yesterday, among other

companies, TSM, which is the world's largest chip making company, has already pledged to invest

$165 billion in U.S. manufacturing. Is that enough? We don't know. The full details. We're still waiting on those. But, you know, what happens if you're a small startup semiconductor chip company and you just don't have the money to, you know, build something or promise to build something.

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