We Can Do Hard Things What in the World is Happening with Your 401(k) & Tariffs?? | Jessica Yellin with What We Need to Know
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Apr 10, 2025 Jessica Yellin, founder of News Not Noise and former CNN chief White House correspondent, dissects the implications of recent tariffs on the economy. She discusses the striking likelihood of American manufacturers avoiding local factories and the turbulent relationship between tariffs, the stock market, and individual finances. Yellin highlights the growing Congressional resistance to these policies, labeling them a significant self-inflicted wound on the U.S. economy. Tune in for insights into how these changes affect your 401(k) and what they mean for future market dynamics.
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Tariff Policy Impact
- Trump's tariff policy is unpredictable and economically damaging.
- It's considered a self-inflicted wound based on miscalculations and potentially AI-generated data.
The Fictional Expert
- Trump's trade advisor, Peter Navarro, cited a fictional expert in his books.
- This same advisor helped develop the flawed math formula for tariff calculations.
Strategic Use of Tariffs
- Tariffs can be used strategically to address trade imbalances and protect intellectual property.
- They provide leverage to negotiate fairer trade practices with other countries.