Signal versus Noise - Episode 3 - US Trade Tariffs

Episode 3 – US Trade Tariffs (April 21st, 2025)

Participants: Edward Dowd and Carlos Alegria

In this episode we discuss our report on the impact of the US Trade Tariff executive order signed by President Trump on the 2nd of April 2025.
On the short term, the trade tariffs will be akin to a tax on consumers or corporations, depending on who bears the cost for the price increases. This will likely lead to deflationary conditions due to the impact on the velocity of money, adding to the structural economic challenges that the US is already facing.
On the long term, the event was likely a landmark event in the history of the current century. The executive order is like the first piece of a domino that is going to lead to a multi-year process (or multi-decade), a new path, a new way of doing business.
Our free report is available on our website resources page or through the direct link below.
This episode is in the context of our US Economy report where we explain in detail why we see the danger of a recession in 2025, and why it could be a worldwide recession. The trade tariffs only add an extra downward pressure to the structural issues that the economy is facing in 2025.
https://phinancetechnologies.com/Product_USEconomyOutlook2025.htm
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Phinance Technologies Website:
https://phinancetechnologies.com
Free Resources:
https://phinancetechnologies.com/Phitech_resources.htm
Trade Tariff report:
https://phinancetechnologies.com/content/2025-4-13%20-%20Post-21%20-%20The%20impact%20of%20the%20US%20trade%20tariffs.pdf
US Economy report:
https://phinancetechnologies.com/Product_USEconomyOutlook2025.htm