Money Rehab with Nicole Lapin Will the New Tariffs Tank the Economy?
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Apr 4, 2025 
James Altucher, an insightful investor and author, joins the conversation about the potential implications of Trump’s proposed tariffs. The duo debates whether these tariffs can really boost American manufacturing or if they risk higher consumer prices and economic turmoil. They discuss the historical context of tariffs, inflation fears, and the intricacies of international trade relations. Personal anecdotes from past financial crises highlight resilience, while playful market predictions keep the tone engaging and informative.
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Market Drop and Tariffs
- The stock market's worst day since 2020 impacted Nicole Lapin's portfolio, causing concern.
- This drop was a reaction to Trump's proposed "Liberation Day" tariffs.
Tariffs: Double-Edged Sword
- Tariffs aim to protect domestic industries but can increase consumer prices and strain trade relations.
- While "buying American" sounds appealing, it becomes harder when prices surge.
Bouncing Back from Adversity
- James Altucher recounts being broke multiple times, emphasizing resilience as the key to success.
- He learned to focus on bouncing back from adversity and seeking opportunities, even in bad times.