Asset Allocation Bi-Weekly – Let's Talk About Tariffs! (11/11/24)

There are several ways we could approach the subject of tariffs - a major topic of discussion in the recent US election season. Tariffs can be seen as both a geopolitical and economic tool. Geopolitical because they could penalize imports from our main rival China, and economic because tariffs might boost US domestic industries that are currently threatened by cheap imports. However, tariffs also have been described as inflation boosters and a tax on the American consumer. Associate Market Strategist Thomas Wash joins Phil Adler to sort out the arguments and discuss the investment implications of increased tariffs.