This episode of Grow Money Business covers tariffs, Trump’s recent economic policy, the market’s reaction, and how we should interpret all this as investors. We cover an article commenting on a recent wonky U.S. government bond auction and Treasury Secretary Scott Bessent’s comments and put the rapid pace of the news cycle in perspective.
Show Notes
[01.:00] News Sources – Grant explains the importance of listening to multiple news sources about the current affairs of the state.
[04:50] Tariffs – The broad-reaching tariffs by President Trump in early April.
[08:30] Rationale – Grant explains the rational reasons for imposing tariffs.
[13:35] Economic Implications – The 100-year history of reduced barriers to trade and its benefits to the U.S. economy.
[19:04] Drawbacks – Grant explains the drawbacks of tariffs, including the impact on global trade and potential inflation.
[23:50] Diverse Economy – The importance of maintaining a diverse economy.
[27:42] Avoiding Negative Impact – Grant explains the need for a calculated and consistent approach to imposing tariffs.
[29:47] Investment Strategies – Grant advises not to make drastic changes in investment portfolios due to the recent tariff announcements.
[33:00] Broad Investments – Grant explains the benefits of broad investments across the world.
[38:50] Uncertainties – Grant explains the importance of not making rash investment decisions due to temporary political and economic uncertainties.
Resources
US Treasury secretary: no risk of China weaponizing Treasuries despite bond market volatility