“Supply Shock Greater Than Great Depression-Era Smoot-Hawley Tariff” | David Kotok on Trump’s Sweeping Tariffs And Market Crash

David Kotok, co-founder of Cumberland Advisors and author of 'The Fed and the Flu', dives into the implications of Trump’s tariffs, drawing unsettling parallels to the Smoot-Hawley Tariff and the Great Depression. He discusses how supply shocks affect financial markets, and critiques the unintended consequences of protectionist policies on global trade. The conversation touches on trade imbalances, the dynamics of U.S.-China relations, and how affluent investors strategize during market turbulence, emphasizing the interconnectedness of health crises and economic trends.