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Navigating Trade Tariffs and Inflation | Weekly Business Briefs w/ Martin Perdomo
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Unravel the economic intricacies of President Trump's recent tariffs on steel and aluminum imports with Martin Perdomo, your Elite Strategist, in the latest episode of the Wealthy AF Business Brief. Discover how these tariffs, set at 25% and 10% respectively, might disrupt the construction and automotive industries, while also shaking up international trade relations, particularly with key partners like Canada and the EU. Prepare to unpack the layers of economic consequences, from potential cost surges in crucial sectors to the looming threat of retaliatory measures that echo previous trade skirmishes.
As we continue, we turn our focus to the surging inflation rates in the US, with consumer prices climbing by 3% annually as of January. Listen in as Federal Reserve Chair Jerome Powell warns Congress about the ongoing battle against inflation, leaving investors recalibrating their portfolios in the face of rising US Treasury yields. Explore how these economic tremors impact everything from mortgage rates to entrepreneurial strategies, and why economic growth remains robust despite the challenges. Navigate these turbulent waters with insights and strategies designed to keep you informed and ahead in your investments and entrepreneurial pursuits.
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