Money Rehab with Nicole Lapin
The Latest on China and How Lighter Tariffs Will Affect Your Wallet with Fred P. Hochberg
25 Apr 2025
After a wave of not-so-great headlines on tariffs, we finally have some good news: the Trump Administration is signaling cuts to the new tariffs on Chinese goods. But what does that actually mean for your bank account? To follow the money trail, Nicole brings back Fred P. Hochberg—former President of the Export-Import Bank and Acting Administrator of the Small Business Administration—who has spent his career at the intersection of business and public policy. Fred and Nicole break down how tariff policy should work to benefit Americans, what happens if these cuts don’t happen, and how it all could affect prices (yes, including what you’ll pay for Christmas presents this year). Fred's book is an amazing read to understand the current moment! Check it out here: https://www.simonandschuster.com/books/Trade-Is-Not-a-Four-Letter-Word/Fred-P-Hochberg/9781982127374
Full Episode
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Well, we have had some good news on tariffs slowly trickling in after a whirlwind of some not so great news. On April 11, President Trump paused reciprocal tariffs on Chinese electronics. Now he's apparently thinking about making significant cuts to tariffs on Chinese goods pretty much across the board.
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