Trump says, quote, on January 20th, is one of my many first executive orders.

I will sign all necessary documents to charge Mexico and Canada a 25% tariff on all products.

When you put a tariff on, it is not that the other country gets taxed per se.

It's that the cost gets pushed on to the consumer here in the United States. That's how it works.

Christine, we're seeing the markets already reacting, but talk to us in terms of what goods,

what industries, what kind of impact it's going to have on Americans. Just about everything

you touch. You're listening to Civics 101. I'm Nick Capadice. I'm Hannah McCarthy. And today at the behest of several listeners, including a good many social studies teachers, we are talking about tariffs. And yes, before we begin, tariffs are about money.

You kind of hate talking about money, don't you, Nick?

I do, Hannah. I hate it. And every time I admit on this show that economics always make my

eyes glaze over a little bit, I get this well-intentioned email saying, well, Nick, you really

should pay attention to finances. And that's absolutely true. And I should have flossed a lot more

when I was a kid.

That said, I now love learning about tariffs.

My eyes have cleared up, and I hope by the end of this, some of you all are in the same boat.

All right, let's do it.

Start at the top.

What are tariffs?

So tariffs are basically taxes.

This is Dr. Shannon O'Neill, Vice President at the Council of Foreign Relations and author of The Globalization Myth.

They're just like the taxes that you pay when you go to the grocery store or when you

get your bill at a restaurant.

The tax has put on the bottom.

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