Earn Your Leisure cover image

Earn Your Leisure

TRUMP’S TARIFFS EXPLAINED: Impact on Your Wallet, Opportunities, Recession Warning & Market Crash

Apr 4, 2025
Joining the discussion are Frank Holland, a CNBC correspondent known for his keen economic insights, and Caleb Silver, Editor-in-Chief of Investopedia, who provides a historical lens on tariffs. They dig into the implications of Trump's tariffs, unraveling how they may inflate prices and affect daily consumers. The duo discusses the potential for a recession and upheavals in the job market, while weighing opportunities for entrepreneurs amid economic turmoil. Insights on navigating uncertain political landscapes and investment strategies also take center stage.
01:30:36

Podcast summary created with Snipd AI

Quick takeaways

  • Trump's tariffs are poised to affect consumer prices and inflation, creating financial strain for everyday Americans and small businesses.
  • The implications of tariffs extend beyond the U.S., disrupting global supply chains and influencing international trade dynamics substantially.

Deep dives

Building a Foundation for Business

Establishing a solid foundation for a contracting business is essential for long-term success. Utilizing resources such as credit options can help business owners manage their finances effectively while adapting to evolving needs. For instance, American Express Business Platinum offers a flexible spending limit that increases as the business grows. This adaptability allows entrepreneurs to better oversee their on-site operations while reaping rewards such as earning membership points on travel-related expenses.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode