Vatican Awaits New Pope; Understanding Tariff Costs

VATICAN CITY - Hope fills the air in Vatican City as the world awaits the selection of a new Pope. Following the resignation of the previous pontiff, cardinals from around the globe have gathered to elect his successor. The selection process, steeped in tradition and secrecy, is closely watched by millions of Catholics worldwide.

In tonight's "Reporter's Notebook," we examine the often-misunderstood topic of tariffs. While tariffs are often presented as a tax on foreign goods, the reality of who pays is far more complex. Our investigation explores how tariffs can impact consumers through higher prices, affect businesses that rely on imported materials, and potentially lead to trade disputes with other countries. We'll break down the economic implications in a way that everyone can understand.