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Make Me Smart

Kai returns to unpack Trump's new tariff

Make Me Smart

Marketplace

Business, News

4.65.5K Ratings

🗓️ 26 February 2026

⏱️ 21 minutes

🧾️ Download transcript

Summary

Things have felt pretty chaotic in this economy since the Supreme Court struck down President Trump’s signature tariffs last week. On today’s show, Kai Ryssdal joins Kimberly to share his takeaways from the decision and the legal questions surrounding Trump’s new global tariff. Plus, how would tariff refunds actually work?

Transcript

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0:00.0

Oh, volume. Too loud. There we go.

0:07.9

Hello, everyone. I'm Kimberly Adams. Welcome back to Make Me Smart, where none of us is as smart as all of us.

0:14.2

I'm sure you recognize that sigh. I'm joined today by Kai Ristall. Welcome back, Kai.

0:20.3

It is so good to be here. How you been? I've been good.

0:24.2

Missed you. But there's a reason that you're here because not only did we both have like

0:30.3

mutual brain explosions on blue skies, we were listening to the state of the union, but also,

0:36.0

obviously on Friday, the Supreme Court struck down

0:38.9

some of President Trump's tariffs, which has been a huge story that the both of us have been

0:42.7

covering.

0:43.8

Since then, it's been chaos as people have been trying to figure this out.

0:48.9

So, of course, we had to bring you back to help make us smart about it and get through it

0:53.0

all.

0:53.6

So welcome back. Thank's get into it.

0:55.9

We have been waiting on the SCOTUS ruling for months. A lot of false alarms in terms of

1:01.8

prepping the newsroom for it when it didn't drop. What was your reaction when it finally came through?

1:06.8

A couple. In no particular order they go like this. Number one, the fractured nature of that

1:12.0

opinion reveals why it took so long, right? There was obviously a lot of backing and forthing

1:16.7

between the three dissenters and even amidst them and then the concurrences on the on the

1:22.0

majority side. So that was really interesting. What was not interesting in terms of actually being shocking was the result, because I think

1:30.1

if you were listening to the oral arguments, as we both were, you kind of had a sense of how this

1:35.9

was going to go. So those were my two gut reactions, right? Now I understand why it took so long,

1:41.5

and other than that, totally understand this ruling.

...

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