Forecasting A New Trump Era
from Hard Asset Money Show Hosted by Christian Briggs
Tariffs can work incredibly well if they're surgically applied which means that you don't throw a hand grenade into an arena and just ask will there be any casualties. If you surgically look at everything and he's done this so methodically in the past. Tariffs can be an incredible negotiating tool. Trump announced 25 percent tariffs on all incoming products from Canada in the United States. The whole Canadian government had a meltdown, with several of their MPs and deputy ministers resigning. Now if that wasn't a understanding made clear from Trump to the rest of the world then what you got to do is you got to measure that one incident with China. Inflation has increased products and services by at least ten to 15 percent over the last 24 months. When you add housing, energy, and food costs back into both the PPI and the CPI, the real numbers are closer to 7 maybe even 8 percent annualized. When you look at November inflation on the groceries alone, we had a 22 to 31 percent spike in one month on groceries.
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