Pam, I think the tariffs are affecting my Valentine's Day. Is there a tariff on Valentine's?

Um, I don't think so, Rye. That's not really how tariffs work. Why would you think it's affecting Valentine's Day?

Well, I haven't gotten any Valentine's Snacky McYum-Yums from anybody yet, so I'm blaming tariffs because I keep hearing everyone talk about them.

Okay, I think we should start the show and clarify things. I'm blaming tariffs because I keep hearing everyone talk about them. Okay.

I think we should start the show and clarify things.

I'm Pamela Kirkland.

And I'm Snacky McYum Yum Yumless, Ryan Willard.

It's Thursday, February 13th.

This is 10 things you need to know.

10, 9, 8, 7, 6, 5, 4, 3, 0, 1.

Today marks 25 days since President Trump took office, and he has been very busy making changes.

In addition to signing several executive orders,

you may have heard about something called a tariff. A tariff is a tax on goods imported from other

countries. What in the world is happening? There is so much going on with tariffs that we are going to take our first part of 10 things you need to know to break them dead.

Hold up. Before we get too far into this, can we do a refresher on some of the terms being thrown around?

Of course, we've already defined a tariff. So how about an executive order?

According to the ACLU, an executive order is a written directive signed by the president that orders the government to take specific actions to ensure the laws be faithfully executed.

It might mean telling the Department of Education to implement a certain rule or declaring a new policy.

Executive orders, however, cannot override federal laws and statutes.

And a trade war is when two countries get in a conflict over the goods and services that they trade to each other,

usually by adding or raising tariffs on each other.

Inflation is a general increase of prices.

...