Shawn Donnan, a senior economics writer at Bloomberg News, discusses the complexities of Trump’s tariff plans and their uncertain impacts on the U.S. economy. Paul Christopher, Head of Global Investment Strategy at Wells Fargo, shares insights into market trends amid these policy changes. They explore how tariffs could affect American manufacturers, inflation, and even the labor market. The conversation also touches on the evolving landscape of private credit and the cautious investment strategies needed in this dynamic financial environment.