Chris Kennedy, GeoEconomics Statecraft Lead at Bloomberg Economics, discusses the implications of Trump's new tariffs on trading partners with Iran, especially China’s complicating role. Mohamed El-Erian, Chief Economist at Allianz, highlights the global support for Federal Reserve Chair Jay Powell amid concerns regarding central bank independence. Meanwhile, Kimberley Marshall, a North Carolina grandmother, shares her struggle with rising grocery costs, providing a personal glimpse into the impact of inflation on everyday life.