200 days into 2025, we’re checking in with economist and fan-favorite guest Robert “Tino” Sonora for our Q3 update on What Do You Know. A Professor of Finance at the University of Montana’s College of Business, Tino returns to help us unpack the impact—or lack thereof—of the latest round of tariffs on the U.S. economy and financial markets. We explore whether tariffs are delivering results, how they're affecting American consumers and industries, and what ripple effects might be felt here in Montana. From small-town producers to large-scale importers, we dig into who’s winning, who’s losing, and what’s at stake as trade policy shifts take hold. But that’s not all—we also take a hard look at how today’s economic and immigration policies are reshaping higher education. Tino shares insight into the challenges universities are facing, from declining foreign student enrollment to financial pressures tied to global uncertainty. This is a sharp, timely conversation about how trade, policy, and economics connect us all—whether you’re managing a business, attending a university, or just trying to make sense of your grocery bill.