This is Brian Lair's Daily Politics Podcast from WNYC Studios.

It's Monday, August 11th.

I'm Matt Katz, former reporter here at WNYC.

I'm now running a news and culture podcast in Philadelphia called

CityCast Philly, and I'm filling in for Brian today. First, we turn to President Donald Trump's

tariffs. After many delays, many negotiations, most of Trump's reciprocal tariffs, quote-unquote,

reciprocal tariffs went to effect last Thursday,

August 7th. The tariffs set a 15% rate on most countries, though countries like Brazil,

Myanmar, and India are subject to higher rates. According to the budget lab at Yale,

the tariffs are at their highest level since 1933. So far, the U.S.

government has collected over $150 billion, billion with a B, in revenue on those foreign imports.

But the broader economic picture is more mixed. The Labor Department reported a disappointing

73,000 jobs in July, which prompted

the president to fire his commissioner of labor statistics that happened on August 1st. Also in the

news, inflationary pressures are creeping upwards and home values are starting to decline.

So joining us to break down the latest with Trump's tariffs and what the effect might be on

American's pocketbooks, we're going to talk to Eric Levitt's senior correspondent at Vox.

Eric, welcome back to WNYC.

Yeah, thanks for having me.

So for listeners might be scratching their heads.

You know, we've been hearing about tariffs since April.

What happened on Thursday?

...