In this episode, Scott Becker shares three quick insights on tariffs.
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Full Episode
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's podcast is going to be a short podcast, three notes on tariffs. First, the markets tanked yesterday and they look like they're tanking again today. Truly a tough week for investors. Let's hope for a better week next week.
Second, one of the most interesting and telling headlines I saw in as to how we got here from the Wall Street Journal today. The Wall Street Journal has a headline story that says the rest of the world is bracing for a flood of cheap Chinese goods. I find this fascinating because this is part of the problem. And I'm not sure I love how President Trump is handling it.
But this is part of the challenge. And I'll go to point three. I am not a big fan of tariffs. At the same time, I do understand it is very hard to have higher wage jobs here if we are buying goods that are made for $3 an hour overseas. Again, I'm not a fan, but I understand some of the concepts. That's sort of our three quick points on tariffs this morning.
And we're in for a bit of a wild ride right now. We'll see how it plays through. But that's what we're seeing. That's what we're talking about. Thank you for listening to us on the Becker Private Equity and Business Podcast. Anytime you have a comment, an issue, a question, feel free to text Scott Becker, 773-766-5322. Thank you very, very much.