Steve talks with CFN’s investment team in this extended two-segment discussion. They discuss the impact of President Trump's call for tariffs on imported steel and aluminum. Some economists fear it may trigger a trade war causing inflation that will slow U.S. economic growth. Steve explains how inflation has a positive effect on some, while having the opposite effect on those in or nearing retirement. They also discuss investments that are effective during inflationary times.
Then, Steve talks about this week's resignation of President Trump's chief economic adviser Gary Cohn. Steve includes audio clips of past discussions with economic analyst Larry Kudlow, as Kudlow may be tapped by the president to replace Gary Cohn. Steve discusses several philosophical differences between Kudlow and President Trump and how they could overcome those disparities if they were to work together.
Steve wraps up the show with a look at the impact of a potential trade war involving China and talks more about the potential impact of inflation.