Short-Term Pain, Long-Term Gain? Unpacking Trump’s Tariff Plans | The Gold Spot

Tariffs have become a pivotal element in President-elect Trump’s bold economic strategy, which aims to strengthen the US economy and ensure that trade partners uphold their commitments. While these policies are intended to help Americans financially, they’ve sparked concern and uncertainty among investors across political lines.

Proposals for steep tariffs on nations like China, Iran, Mexico, and Canada have drawn criticism and support. Advocates view tariffs as tools to protect domestic industries and secure fair-trade deals, while critics warn of higher inflation, rising interest rates, and job losses from retaliatory measures.

In reality, the US dollar is in trouble regardless of these tariff measures. The USD faces a gauntlet of challenges, ranging from surging national debt and stubborn inflation to international de-dollarization efforts from the BRICS and other countries and geopolitical strife.

These factors have eroded global confidence in the greenback, driving investors to seek more stable alternatives. Amid this turbulence, gold continues to shine as a reliable safe haven. Central banks worldwide have bolstered their gold reserves, leading to record-setting demand in recent years.

In this week’s The Gold Spot, Scottsdale Bullion & Coin Precious Metals Advisors Steve Rand and Precious Metals Advisor Joe Elkjer explain the possible advantages and downsides of these tariffs, how the dollar will struggle either way, and why gold is still bullish.

🔗 Read more at: https://www.sbcgold.com/blog/unpacking-trumps-tariff-plans-goldspot/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_12112024

⭐ RELATED LINKS:

🔗 Big Banks See Golden Age for Gold Under Trump:
https://www.sbcgold.com/blog/big-banks-see-golden-age-for-gold-under-trump/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_12112024

⭐ Scottsdale Bullion & Coin Precious Metals Advisors in this The Gold Spot video:

👤 Joe Elkjer: https://www.sbcgold.com/about/joe-elkjer/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_12112024

👤 Steve Rand: https://www.sbcgold.com/about/steve-rand/?utm_source=youtube&utm_medium=video&utm_campaign=goldspot_yt_12112024