Overview:

It’s been a busy six weeks to start 2025 but few things have gotten the attention of investors as tariffs. The opinions about the effectiveness of tariffs are wide-ranging so we take both sides of the argument here. Ron Wyatt, CFP®, CIMA®, CPWA® takes the role of pro-tariff while Nick Lewandowski, CFA®, CFP® argues from the anti-tariff perspective. This dynamic setup allows for a balanced exploration of the implications tariffs have on the economy, consumer prices, and national security.

We’ll explore the implications of tariffs on the economy, consumer prices, and national security. From defining what tariffs are to discussing their potential effects on inflation and market volatility, we’ll try to provide a comprehensive overview of a critical economic issue.

0:00 – Intro

1:57 – What are tariffs and why use them?

2:22 – Why they’re good

4:05 – Why they’re bad

6:48 – Political tool

7:57 – Taxes

9:10 – Impact on the market

12:30 – Tariffs impacting tech stocks?

14:26 – Bond markets

16:48 – Our investment strategy