Michael Negron, Senior Fellow for Economic Opportunity at the Center for American Progress and former Special Assistant to the President for Economic Policy, joins Pete and Greg to break down the impact of the “Liberation Day” tariffs one year later. He explains how the policy has affected small businesses across the country, why costs have surged, and what it means for prices, hiring, and economic growth moving forward.

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Relevant links from this hour:

• His speaker webpage: Michael Negron - Economic Speakers Bureau
• Jeff Ferry and Michael Negron on President Trump's Tariff Agenda | Video | C-SPAN.org
• In the First Year, President Trump’s Tariffs Have Cost Small-Business Importers $306,000 on Average - Center for American Progress
• UGC Jon Raise Your Hand 60s