Steel, Aluminum, Wine and Trade Wars: Oh My!

Please text and tell us what you likeBy repeatedly threatening, imposing, and withdrawing tariffs, the Trump Administration is creating uncertainty for businesses who depend on international trade.  The result is a sharp drop in the stock market, with additional declines likely.  In this episode, Steve and Clem explore how Trump’s trade policies are based on 19th century economic assumptions and fail to recognize that high tariffs can trigger depressions, as they did in the early 20th century.  They also discuss how tariffs on steel and aluminum are legally premised on national security grounds!Steve and Clem discuss inconsistencies in Administration objectives: Are tariffs meant to be a permanent revenue source or are they meant to be a geopolitical or geo-economic bargaining chip?  They can’t be both! Steve and Clem explore ways in which investors can protect themselves against tariff-generated volatility. Straight Talk for All - Nonsense for NonePlease check out our other podcasts:https://skepticsguidetoinvesting.buzzsprout.comDisclaimer - These podcasts are not intended as investment advice. Individuals please consult your own investment, tax and legal advisors. They provide these insights for educational purposes only.