4.8 • 1.3K Ratings
🗓️ 2 April 2025
⏱️ 16 minutes
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Keyed to President Donald Trump’s tariff announcement today, Kimberly and Sabri unpack some of the messaging about the impact tariffs had during the president’s first term and explain why many of those claims are overblown. Plus, why we’re smiling about Sen. Cory Booker’s historic speech and how Sabri fell victim to April Fools’ Day shenanigans! (Note: This episode was recorded prior to Trump’s speech.)
Here’s everything we talked about today:
Got a question or comment for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.
Click on a timestamp to play from that location
0:00.0 | Hello, everyone, I'm Kimberly Adams. |
0:08.4 | Welcome back to Make Me Smart, where we make today make sense. |
0:12.0 | And I'm Sabrina Bennis short, in for Kyrisdal. |
0:14.1 | Thanks, everyone, for joining us. |
0:15.6 | It is Monday. |
0:16.6 | It's not Monday. |
0:17.9 | It's, it's Wednesday. |
0:20.0 | April 2nd. |
0:35.1 | It's Wednesday, April 2nd. Yes. Every day feels like a Monday, though, honest. Yeah. All right. So today we are going to talk about some news and then get into some much needed smiles. So, Sabri, what caught your attention today? |
0:43.4 | Okay. Well, since this is Tariff Day, Liberation Day, I did see an article in New York Times just explaining how. |
0:49.7 | The tariffs, you know, would make the feds messes things up for the Federal Reserve. |
0:56.1 | You know, the Federal Reserve has to wait and see what happens to the economy from tariffs before it makes any decision on what to do with interest rates. But at the same time, |
1:00.6 | it's looking at the job market. We had strong numbers from ADP this morning, which is good. |
1:05.8 | It means the Fed doesn't have to worry about that yet. Anyway, I picked that because, you know, at this moment where we don't quite yet know the full details, you know, the details are imminent. |
1:18.9 | They're about to drop. |
1:20.4 | Which is wild, by the way, the day before these are supposed to, or the day that they're supposed to kick in, you know, or whatever. |
1:27.0 | Like, that's just putting that out there supposed to kick in, you know, or whatever. Like, that's, |
1:27.8 | just putting that out there. Yeah. And, you know, it just takes me back to, to thinking about |
1:35.3 | what is the why? What is the why behind all of this, you know, the uncertainty, the increase in prices we're going to see, the general malaise, people are feeling, what is the justification? |
1:50.6 | And the reality is there's not just one, and they're kind of all over the place. |
1:57.4 | So I was talking with Douglas Irwin. He's a professor of economics at Dartmouth. I was talking to him for another feature. And here's what he said. |
2:06.2 | When you look at what the Trump administration is doing now, they have so many objectives |
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