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We Can Do Hard Things

What in the World is Happening with Your 401(k) & Tariffs?? | Jessica Yellin with What We Need to Know

10 Apr 2025

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401. What in the World is Happening with Your 401(k) & Tariffs?? | Jessica Yellin with What We Need to Know  Amanda and Webby Award Winning journalist, Jessica Yellin, delve into the intricacies of Trump's recent tariff policies and their impact on the global economy. -Why manufacturers are even less likely to open factories in America now than before  -How tariffs will affect American business, the global space, the stock market and YOUR pocketbook  -The resistance to Trump’s tariffs policies we’re starting to see in congress -The reason this is considered the greatest self-inflicted wound on the American economy by any president in history.  Jessica Yellin is the founder of News Not Noise, a pioneering Webby award-winning independent news brand -- dedicated to helping you manage your  “information overload.” She is the former chief White House correspondent for CNN and an Emmy, Peabody and Gracie Award-winning political correspondent. You can follow her on Instagram at Jessica Yellin.

And also, to get real time, clear and brilliant reporting, go to substack.com and search for her page newsnotnoise and subscribe there. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

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Transcription

Full Episode

3.32 - 25.832 Glennon

It is getting very close to book release time. Our new book, We Can Do Hard Things, Answers to Life's 20 Questions, comes out on May 6th. You can pre-order We Can Do Hard Things anywhere you get your books or you can go to treatmedia.com. You can also join us for a virtual event that we're doing on publication day.

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25.852 - 48.617 Glennon

You guys, we're doing a live virtual event because since the tour sold out so quickly, Lots of you were sad to not be a part of it and we can't stand your sadness. So we're hosting a virtual event to support those who could not get tickets and to support our beloved local independent bookstores. All the proceeds from this virtual event are going to these local bookstores.

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48.997 - 67.832 Glennon

They show up for us, we're showing up for them. May 6th, if you pre-ordered the book from an independent bookstore, you don't have to buy it again to come to the event. Please register for the event by uploading your indie order at treatmedia.com. just click the option that says i've already pre-ordered from another indie okay we'll see you there

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72.58 - 96.822 Amanda

Welcome back to We Can Do Hard Things. This conversation with Jessica Yellen is all about how to make sense of the fact that your 401ks are crashing, that the markets are in free fall all over the world, and why that is happening and what you can expect next. We recorded this on Wednesday morning.

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97.163 - 127.496 Amanda

And literally the moment we ended our recording, Trump, who had insisted that these tariffs that we're talking about were here to stay and that he would be unswayed and he wasn't backing down and this was not a bluff, quote, I know what the hell I'm doing, end quote, announced a 90-day pause on tariffs to our most friendly countries. Turns out, I guess he was swayed.

128.858 - 156.691 Amanda

We talk a ton in this podcast about how uncertainty is the enemy of business and the markets and the economy and ultimately, our own houses and our own budgets and how our credibility in meaning what we say and saying what we mean as a nation in terms of policy and plans to the rest of the world is at stake with all of this tomfoolery.

157.572 - 185.503 Amanda

It is welcome what Trump did in pausing the 90-day period for the most friendly countries, but it also underscores exactly what we're talking about here on this podcast that you're about to listen to about the administration's literal miscalculations and the incredible damage that they're doing to the reliability of the information on which markets and economies and families depend.

186.448 - 208.412 Amanda

It's also important to note that this 90-day pause that just got announced is only on the highest tariffs. And we talk about that in the podcast. They include tariffs on our top trading partners, but we're nowhere near out of the woods. They've kept in place 10% across the board and they raised tariffs on China to 125%. And we talk about in this podcast, the

213.877 - 250.58 Amanda

implications of that beyond even the economy in terms of international relations and a trade war with China. So listen up. It's all evidence of the same. And hear what you need to know for your wallet and your 401k and your bottom line in terms of what the hell is going on in DC. Thanks. Welcome back to We Can Do Hard Things.

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