This summer on Planet Money Summer School, we're learning about political economy.
We're getting into the nitty-gritty of what government does with things like trade,
taxes, immigration, and healthcare.
So politics and economics, which are taught separately, they shouldn't be separated at all.
I think you have to understand one to really appreciate the other.
So what is the right amount of government in our lives?
Tune in to Planet Money Summer School from NPR, wherever you get your podcasts.
Live from NPR News in Washington, I'm Corva Coleman.
President Trump's latest tariffs kicked in overnight.
Writing online, Trump says, quote,
billions of dollars in tariffs are now flowing into the United States of America.
Most countries are getting an import tax of 15%.
Others, such as India and Switzerland, face much higher rates.
And Behr's Rafael Nam explains what the tariffs could mean for the U.S.
The widespread tariffs could raise over $2 billion for the U.S. over the next decade or so.
That could help reduce the country's deficits.
And the president has even suggested potentially handing out tariff rebate checks to Americans.
But economists... are concerned about the potential effects of tariffs on the US economy.
Companies will likely have to pass at least some of the costs to consumers,
meaning Americans will be paying higher prices.