Jan 31, 2025
Markets are on edge as Trump’s 25% tariffs on Canada and Mexico loom, with a potential trade war that could disrupt $1.6 trillion in annual trade. Will this escalate inflation, crush supply chains, and force the Fed to rethink rate cuts? The news changes fast, Trump doubles down on Feb 1 while this interview was being taped.
Meanwhile, gold is surging past $2,800, hitting record highs as investors scramble for safe havens. Is this just the beginning of a massive gold rally or a reaction to Trump’s economic policies?
David Rosenberg, Chief Economist at Rosenberg Research, joins Kitco News to break it all down—what happens next, how markets will react, and whether these tariffs are just a negotiation tactic or a real game-changer.
Key Topics:
- Trump’s 25% Tariffs – Will they happen? What’s the real economic impact?
- Inflation & the Fed – Could tariffs force rate cuts to be delayed or even reversed?
- Oil & Energy Prices – If crude is hit with tariffs, will gas prices spike overnight?
- Gold’s Breakout – Why gold is hitting record highs and how far it could go in 2025
- Trade War Fallout – How Canada and Mexico may retaliate and what it means for markets