The White House recently used the threat of a 25% tariff to convince Colombia’s government to accept deported migrants flown from the US on military planes. Host Carolyn Beeler speaks with Ernie Tedeschi, director of economics at The Budget Lab at Yale University, about how tariffs are collected, what impact they have on trade, on the economies of exporters and importers, and, as an example, how a tariff on imports from Colombia might have affected the price of Valentine’s Day flowers.