The Trump administration is hoping tariffs will spur companies to bring manufacturing back to the United States. But a new survey from the Federal Reserve Bank of Dallas found that most companies are planning to deal with tariffs another way. (Spoiler alert: we totally saw this coming!) We’ll also discuss how the Department of Homeland Security is hoping to cut the cost of mass deportations. Plus, did Trump get the idea to reopen Alcatraz from a movie?

Here’s everything we talked about today:

-Post on Bluesky from Carl Quintanilla

-"Tariff Politics; Rent-Stabilized Tenants May See a Rent Hike; Surviving Wall Street; Celebrating NYC's Mexican Communities" from The Brian Lehrer Show

-"DHS Announces Historic Travel Assistance and Stipend for Voluntary Self-Deportation" from Department of Homeland Security

-"US offers $1,000 stipend to encourage migrants to self-deport" from Reuters

-"Mass Deportation: Devastating Costs to America, Its Budget and Economy" from American Immigration Council

-"Trump Seems to Have Decided to Reopen Alcatraz Because of a Movie" from The New Republic

-"Trump Says He Wants to Reopen Alcatraz as a Functioning Prison" from The New York Times

-"Met Gala 2025: Highlights from exhibit of Black style and designers" from AP News

-"'Tailoring Black Style': Dandyism shines at the 2025 Met Gala" from NPR

Got a question for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

How are companies handling tariffs? Exactly like we predicted

Marketplace All-in-One