QUICK HIT: Tariffs, DOGE and Your Taxpayer Money
SmartHERNews
Jenna Lee
4.9 • 663 Ratings
🗓️ 4 February 2025
⏱️ 10 minutes
🧾️ Download transcript
Summary
Why tariffs really matter (and a breaking development on this story as we record).
The Department of Government Efficiency (Doge) starts making moves, raising both praise and questions, depending on who you ask and who weighs-in.
Plus ~ the latest on the ongoing cabinet nominations.
What do you really want from American leaders in style and substance? Curious your thoughts! hello@Smarthernews.com
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Transcript
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| 0:00.0 | Who is the doge of doge? Talk about a sentence I never thought I would actually say out loud. |
| 0:06.6 | Tariffs, your taxpayer money, and the future of the president's cabinet, all big topics we're |
| 0:11.5 | going to tackle today. I'm Jenna, and this is smarter news. |
| 0:20.5 | Well, we have received a lot of questions, and rightfully so, about tariffs and many about Elon Musk and about Doge, the Department of Government Efficiency. |
| 0:28.4 | Both stories are really quickly developing. So here's a few things to consider as these headlines constantly change and you're going to get a lot of different opinions. |
| 0:35.9 | So let's just set a foundation here. We're going to talk a little bit about tariffs. I want you to think of tariffs like |
| 0:41.5 | a toll. You know, you pay a toll to cross a bridge. You're paying to enter a different space. |
| 0:47.6 | Similarly, a business would pay a tariff to enter into a market. If a tariff is high, it can have |
| 0:54.0 | several effects that can impact your |
| 0:55.9 | life and your decisions and by proxy the global economy. And that's because the American consumer |
| 1:00.8 | really matters. And that's why these tariffs could really matter. If they are high and there's |
| 1:05.9 | enough of them on enough items, it can impact what you have available to you to buy or the price, |
| 1:12.5 | and this could impact your behavior. |
| 1:14.6 | And the pace of which you spend your money and how you spend your money impacts the |
| 1:19.5 | U.S. economy and the global economy overall. |
| 1:22.1 | So this is why this is getting so much news. |
| 1:24.4 | What President Trump proposed a significant group of tariffs over the weekend, |
| 1:29.5 | is a slew of tolls or tariffs on our largest trading partners, China, Canada, and Mexico. And these |
| 1:36.5 | tariffs are high enough that there is the potential to have ripple effects. And this is why you're |
| 1:41.7 | going to see headlines that range from the risk of recession to a trade war or beyond. |
| 1:45.2 | But I just want you to notice something. |
| 1:47.6 | President Trump spaced out his announcement of these tariffs and the implementation. |
... |
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