Kristen Schwab

From American Public Media, this is Marketplace.

In New York, I'm Kristen Schwab.

And for Kai Risdahl, it's Friday, February 27th.

It's good to be here with you.

As always on Fridays, we cover seven days of this economy in seven-ish minutes.

With us today is Anna Swanson, who covers trade and economics at The New York Times.

Also, Heather Long, chief economist at Navy Federal Credit Union.

Hello, you two.

Happy Friday.

So, Anna, I guess unsurprisingly, I want to start with tariffs.

Since the Supreme Court ruling last week, President Trump created a patchwork of tariffs to keep his policies going.

Can you update us on where things stand right now?

Yeah, Ana, I think, you know, at first we weren't sure what companies were going to do about this, how intensely they would kind of proceed forward with lawsuits.

And it seems like a lot of them have filed.

Well, tariffs are certainly a big part of the uncertainty picture that we're seeing in the economy right now.

There's also geopolitical tensions, you know, a new headline about AI almost every day, it feels like.

Heather, I'm wondering if you feel like the level of uncertainty is higher or lower than it was six or so months ago.

And in real terms, what does that mean for the economy?

Yeah.

I mean, look, you said it yourself.