Tyler Kendall

And Ed and Caroline, that's really why we saw President Trump yesterday focus more on those domestic issues instead of foreign policy issues, despite those really being the ones to dominate the headlines here in Washington in recent weeks.

Do we get any instinct on where that's going and what that means for the cost of living as well?

Right, Caroline.

I mean, President Trump really did double down on his tariff plans last night.

In fact, he threatened our trading partners with additional levies if anyone looks to rearrange or renegotiate the trade frameworks that are already in place.

Of course, front and center in that chamber were some of those Supreme Court justices that struck down

President Trump's broad-based IEPA tariffs.

Notably, though, if you go through the transcript, President Trump did not directly address China, which is pretty interesting considering that U.S.-China tensions, particularly around trade, have really dominated this past year in the Trump administration's policies.

In fact, it marked the first time in nearly two decades that a president did not directly address U.S.

economic ties with China in their State of the Union address.

Ed and Caroline were looking ahead

Of course, to a few weeks in April when President Trump will sit down face to face with Chinese President Xi Jinping in China.

Top of mind is going to be those trade negotiations.

The USTR Jamison Greer said on Bloomberg Television earlier today that IEPA ruling will not change our tariff calculus.

It has just met the threshold for further talks.

And it'll be really interesting to see how that plays out, how they balance those things and really face the obstacles that are within cable television right now.

Well, if you want to hear a pretty startling statistic, IEPA tariffs have been collected from more than 301,000 importers.

And every company that wants a refund would need a distinct claim in court.

Perhaps we'll likely see a class action lawsuit that could maybe put this a little bit more broad-based.

U.S.