President Trump is set to unveil what could be the most sweeping tariff policy in modern American history—potentially affecting trillions of dollars in imported goods. Dubbed “Liberation Day,” this move is being pitched as a way to bring back U.S. manufacturing and generate massive revenue for the federal government. But will it actually work? In today’s episode, we break down everything you need to know: how tariffs function, who really pays for them, what they mean for inflation and jobs, and why economists are warning this could tip the economy into recession.

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