All right. We're starting. We are.

Hello, everyone. I'm Kimberly Adams. Welcome back to Make Me Smart, where we make today make sense.

Hello, and I'm Rie McRais. I'm in for Kai Rizdal. Thank you everyone for joining us. It is Thursday, April 3rd.

And as I'm sure everyone has heard by now, yesterday President Trump unveiled sweeping new tariffs,

a general 10% across the board on all of our trading partners with some exemptions for certain

things like energy products. But then there are additional tariffs on top of that for

many countries, plus a 25% tariffs on imported vehicles and some auto parts to the United States.

It's a whole lot. And I've been hearing from so many folks in my personal life on social media

about, you know, what prices are going to go up and when

and should we be stockpiling stuff. I'm not going to lie. I started building a little Costco

cart last night in a bit of a panic. And so this morning I was like, okay, calm down Kimberly.

Like how much, yeah, let's take a beat, exactly.

How much should the average person be concerned?

And I thought a really good way to get a sense of this would be to actually ask economists, trade economists, and folks who are watching this all the time, were they stockpiling anything?

Are they trying to get ahead of these tariffs in any way?

So I sent out a bunch of emails this morning.

I asked our colleagues who are working on their stories for the evening show today, Justin Ho, Sabree Beneshore, Dan Ackerman, who generously asked their sources questions for me today. And so we got a bunch of

responses from economists as well as business people about how they are thinking about planning

for the future with all these tariffs. So let's start listening. I'm focused on buying some baby clothes for my growing boy.

98% of clothes in the U.S. are imported. I'm going to go ahead and grab some items in several sizes

to make sure I get ahead of the price surge. The U.S. is a net food exporter, but we still

import plenty of food.

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