More tariffs are on the way, this time targeting vehicle imports. President Donald Trump favors import taxes, partly because, he argues, they’ll help shrink the U.S. trade deficit. But if tariffs cut Americans’ spending on imports, foreigners are likely to cut their contribution to funding the U.S. budget deficit. Also on the show: BLS economists use not one but six different methods to measure unemployment, and organizational studies professor Elizabeth Popp Berman explains why university endowments can’t simply replace federal funding.

Last Friday, the Securities and Exchange Commission held its first-ever crypto roundtable, a discussion with industry leaders and skeptics to answer a grand question: how should the SEC regulate crypto? Should SEC officials regulate crypto tokens like bonds and stocks? The agency under President Donald Trump is taking what many see as a friendlier approach to cryptocurrency and has already dropped a number of lawsuits against various crypto exchanges initiated during the Biden Administration. Axios reporter and author of the Axios Crypto newsletter, Brady Dale, returns to the show to discuss why the question of regulating crypto like a security asset is a very complicated one to answer.

The latest reading marks the fourth straight month of declining consumer confidence, and it fell more than expected. How will the souring mood affect spending and the job market? Also in this episode: Political economist Mark Blyth discusses how President Trump might respond to a potential recession. Plus, why tariffs are making investors wary of the U.S. and a company claims to have a new way to make seawater drinkable.

There’s a lot of hope that artificially intelligent chatbots could help provide sorely needed mental health support. Early research suggests humanlike responses from large language models could help fill in gaps in services. But there are risks. A recent study found that prompting ChatGPT with traumatic stories — the type a patient might tell a therapist — can induce an anxious response, which could be counterproductive. Ziv Ben-Zion, a clinical neuroscience researcher at Yale University and the University of Haifa, co-authored the study. Marketplace’s Meghan McCarty Carino asked him why AI appears to reflect or even experience the emotions that it’s exposed to.

The Donald Trump administration wants to strengthen U.S. manufacturing with tariffs on imported goods. We look at the latest purchasing managers report to see if new trade policies have made an impact. Also in this episode: Homeownership rates stall for Gen Z and millennials, shakeups at Fannie Mae and Freddie Mac, and Baltimore’s new Francis Scott Key Bridge design takes shape.

The electric vehicle industry in the Southeast is growing rapidly, with increased sales, charging stations and manufacturing. Buoyed by notable victories in the last couple of years, the United Auto Workers union is revving up efforts to organize the EV and battery sector in the South. One target is a sprawling campus in rural Kentucky that, once completed, will be one of the largest EV battery plants in the world. A supermajority of workers at BlueOval SK has asked the National Labor Relations Board for a vote on joining the United Auto Workers. The nearly $6 billion electric vehicle battery campus in Glendale, Kentucky, is part of a joint venture between Ford and South Korea’s SK On.

We’re tackling a “mysterious and important” question in today’s episode: Should Congress use “current policy” or “current law” baseline when measuring tax cuts? It’s not unlike our reporter’s internal struggle on whether to cancel Apple TV+ now that Season 2 of “Severance” has ended, or renew it. Except lawmakers are dealing with trillions of dollars. Plus: African immigrants fill critical home health aide roles in Texas, and The Conference Board’s Leading Economic Index falls for the third-straight month.

The stock market has been a tad volatile lately. But this month, the digital physical therapy company Hinge Health filed for an initial public offering. Plus, a new tool out of Stanford University evaluates how various AI models perform in real-world health care. It grades them on tasks from patient education to clinical note generation. But first, Nvidia just hosted its annual GTC confab, where it announced a whole lot of collaborations and, of course, some new and improved chips. Main takeaway: The company has its fingers in a bunch of AI pies. Marketplace’s Meghan McCarty Carino discusses all of this with Christina Farr, managing director at Manatt Health.

More tariffs are set to take effect April 2, and in most cases, American consumers and businesses will pay the tax. We’ll explain why some sectors expect prices to rise as soon as next month while others won’t feel a pinch until later in the year. Also in this episode: Tariffs could inflate the dollar’s strength while sapping demand for American exports, Gen Zers feel “trapped” by microtrends and Alaskan crude oil production is projected to jump in 2026.

Stanford University has long been a feeder for the neighboring tech industry with graduates often heading to a brand name of Silicon Valley. But the times, they are a-changin’, according to writer Jasmine Sun. She reported recently for the San Francisco Standard that building tech for the military has become cool on campus. One student, Divya, said her “most effective and moral friends are now working for Palantir.” Marketplace’s Meghan McCarty Carino spoke with Sun about how this shift compares to when she attended Stanford in the late 2010s.