The Wealthy Pilot's Podcast: Financial Flight Controls for Today's Commercial Airline Pilots

What Do Proposed Tariffs Mean For Your Portfolio?

Scott Osborn

The day President Trump took office, he announced plans to implement a 25 percent tariff on goods from Mexico and Canada. Additional tariff conversations have exploded since that day. How might this impact your personal finances and the economy?

In this episode, we’ll take a closer look at the backstory of tariffs- what they are, why governments impose them, and the historical context of them. We’ll also break down the new tariffs that have been introduced, their potential impact on everyday people, and what you can do to navigate this shifting financial landscape.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:25 – Tariff impacts on consumers and companies

3:41 – Tariffs as a tool for fair trade + market reactions 

5:55 – Keeping a long-term perspective 

Resources for this episode:

https://wolfstreet.com/2025/02/03/what-trumps-tariffs-did-last-time-2018-2019-had-no-impact-on-inflation-doubled-receipts-from-customs-duties-and-hit-stocks/


Resources:

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Watch the podcast on YouTube: https://www.youtube.com/channel/UC_hNGqqVjqgtuoYZlu9i4yQ

People on this episode