Ep 501 - Trade war special
The Money To The Masses Podcast
Damien Fahy
4.8 • 589 Ratings
🗓️ 13 April 2025
⏱️ 42 minutes
🧾️ Download transcript
Summary
In this week's podcast, Damien breaks it all down. We explain recent developments (which are changing by the hour), discuss the immediate impact on investments, look at what could unfold in the coming weeks and explain how this might impact your finances.
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Check out this week's podcast article on the MTTM website to see the full list of resources from this week's show.
00:00 - Trade War special03:20 - Understanding Trade Tariffs and Their Implications07:59 - The Economic Impact of Tariffs on Consumers and Businesses14:38 - Market Reactions and Historical Context of Tariffs17:43 - The Impact of Tariffs on Global Markets24:14 - UK Investor Sentiment and Economic Outlook31:38 - Haven Assets in Times of Market Turmoil
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Transcript
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| 0:00.0 | Hello and welcome to episode 501 of the Money to the Masses podcast with your resident expert as always, Damian Faye and me, Andy Leakes. |
| 0:08.2 | Slightly strange intro to this podcast because while I often make mistakes and have to re-record the podcast intro, I'm re-recording this podcast intro for a very different reason. |
| 0:18.5 | Damien, do you want to explain? |
| 0:20.4 | So for everybody out there, obviously we've had the trade war that's been rumbling on. |
| 0:26.6 | And since we made our last podcast, that's podcast 500, then Donald Trump in America announced the reciprocal tariffs and the whole world was shaken by this particular investment market. |
| 0:39.8 | So what we did was record a podcast explaining everything that had gone on, what could happen, |
| 0:47.6 | the impact on markets and things to look out for and the impact on personal finances. |
| 0:52.5 | So we did that on Wednesday and Andy and I finished the podcast, |
| 0:57.1 | and it was funny because I was walking home after recording in our studio. |
| 1:02.0 | And I happened to flick up the stock market app on my phone, as I often do. |
| 1:05.5 | And I could see that the US stock market was up at that point by about 7%. |
| 1:10.4 | And I'm like, yeah, something's happened. |
| 1:13.0 | And inevitably, I thought, it must be something to do with the trade war. |
| 1:16.2 | So, long story short, Donald Trump, minutes really after we finished recording, |
| 1:22.9 | announced that he was putting a delay on the reciprocal tariffs worldwide, excluding China, but the 10% |
| 1:29.7 | tariff was going to remain. Now, if that doesn't mean anything to you, then you're going to |
| 1:33.1 | listen to the podcast in a second that will explain more about it. So Andy and I were talking |
| 1:39.9 | and, like, well, have we just recorded this great podcast and it's all for nothing. |
| 1:44.8 | But what's actually transpired since is that rather than we can that podcast, because there was a lot of gold in it, |
| 1:50.5 | and we talk about a lot of things you're going to learn about economics, markets, things to look out for, as I've mentioned. |
| 1:56.1 | Things have started or continued to change and actually escalate because the trade war between China |
| 2:03.0 | and America is escalating. As we make this, I think we're up to about 125% tariffs from each other |
... |
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