On this Labor Day edition, Hancock and Kelley talk with trade attorney Michelle Schulz about the latest Trump tariff news and the real-world basics: who actually pays tariffs and how prices change for consumers and importers. They explain why the United States uses tariffs, trade deficits and reciprocity, the legal authority under IEEPA, and recent court rulings on tariffs imposed by executive order including what could happen if the Supreme Court upholds an appellate decision.