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How to make it, spend it, and invest it

10 Nov 2020

Mastering Money 11/10/20

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Post by MoneyRadio Staff

President-elect Joe Biden, should his election be confirmed, will inherit a U.S. trade policy characterized by tariffs on global imports, including tariffs on steel and aluminum from most of the world, on wine and cheese from Europe, and on nearly three-quarters of everything the U.S. buys from China. In fact, Trump’s tariffs are still being levied on $370 billion dollars worth of imports.   While Mr. Biden hasn’t detailed his specific plans, nor answered any questions at a real press conference,  aides and advisers say he is expected to review those levies. And like President Trump, he will largely be able to act without the need for Congressional support –using Executive Orders.  Some of Mr. Biden’s campaign proposals are likely non-starters if Republicans maintain control of the Senate—but not trade policy, where the president has broad authority to conduct negotiations and peel off or apply new tariffs as he sees fit. Today, we’ll review a Wall Street Journal analysis that you don’t want to miss….MASTERING MONEY is on the air!!