What are taxes and tariffs?

No matter how old you are, you’re part of the economy, but it can be tricky to understand what the economy actually is. Plus, what are taxes? What’s inflation? What are tariffs and why have they been in the news so much in 2025? In this episode, we break down economic terms and concepts with business reporter Stacey Vanek Smith. Download our learning guides: PDF | Google Slide | Transcript