In an insightful interview, Christian Briggs, economist and CEO of Hard Asset Management, delves into the market's reaction to President Trump's newly announced tariffs, including a 25% levy on auto imports. Briggs acknowledges the initial market downturn and consumer apprehension but emphasizes the strategic intent behind the tariffs: to level the international trade playing field and bolster domestic manufacturing. He predicts short-term economic adjustments, such as increased consumer prices and potential market volatility, but remains optimistic about the long-term gains. Briggs asserts that these measures will revitalize American industry, create high-paying manufacturing jobs, and ultimately strengthen the U.S. economy by encouraging consumers to prioritize quality over price. This comprehensive discussion sheds light on the complexities of trade policies and their far-reaching implications for both the national and global economy.
In this compelling discussion, NTD News engages with Christian Briggs, economist and CEO of Hard Asset Management, and Daniel Lacalle, chief economist at Tressis, to evaluate the likelihood of a U.S. recession in light of President Trump's proposed tariff plans, including the 25% auto tariffs. The conversation delves into differing perspectives, with the International Monetary Fund (IMF) currently assessing the impact of these tariffs but not forecasting a U.S. recession at this time. Conversely, a recent CNBC survey indicates that 60% of chief financial officers anticipate a recession by late 2025, citing trade disruptions as their primary concern. Briggs and Lacalle explore these contrasting viewpoints, discussing the potential short-term and long-term effects of the tariffs on the U.S. economy, consumer confidence, and the global economic landscape. Their insights provide a nuanced understanding of the complex factors at play and the possible economic trajectories that may unfold.
In this insightful discussion, NTD News host Tiffany Meyer welcomes economist Christian Briggs, CEO of Hard Asset Management, and Pete Earle, Senior Economist at the American Institute for Economic Research, to explore the imminent wave of tariffs and their potential effects. The conversation delves into the immediate inflationary pressures these tariffs may impose on consumers and businesses, as well as the broader implications for global trade dynamics. The experts analyze whether President Trump's vision for reshoring manufacturing and ushering in a "Golden Age" for America is achievable amidst these trade policies. Additionally, they consider the reactions of investors and international allies to the U.S.'s tariff strategies, providing a comprehensive overview of the challenges and opportunities that lie ahead in the evolving economic landscape.
