Capitol Gains

Written by: Yahoo Finance
  • Summary

  • Welcome to Yahoo Finance’s unique look at how US government policy will impact your bottom line. Our bottom line? It’s still the economy, stupid! We look at the big issues: from inflation, to taxation and everything in between. We’ve got team coverage from New York to Los Angeles, but we start at the heart of the action here in Washington DC.
    Yahoo Finance LLC
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Episodes
  • What you need to know about Trump’s newest tariffs
    Feb 14 2025
    Tariffs are once again at the forefront of the news cycle this week. On Thursday, President Trump announced reciprocal tariffs against foreign trading partners, though it could take months to actually implement due to trade negotiations with the aforementioned nations. This all comes after the president signed an executive order imposing 25% blanket tariffs on steel and aluminum earlier this week. What does all this mean for the economy and your bottom line? We get into it. On this week’s episode of Capitol Gains, anchor Madison Mills, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman talk about the latest tariff news, breaking down what the legislation means and how they will directly impact the American people. Tax Foundation Policy Analysis Director Garrett Watson joins the show to provide insight on the latest tariff news and look ahead to Trump’s future tax bills. The team also takes a look at DOGE following the latest press conference between President Trump and Elon Musk and the steps the government is taking to reduce the $36 trillion federal debt. Watch more episodes of Capitol Gains here. Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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    25 mins
  • Trump’s tariffs: What’s likely to happen & what’s just noise
    Feb 7 2025
    We are just a few weeks into the new Trump administration, and the word still on everyone’s mind is tariffs. Earlier this week, President Trump delayed implementing 25% tariffs on Canada and Mexico as the United States works through trade negotiations with both nations. The commander in chief also placed a 10% tariff on all imported goods coming from China, who retaliated with their own set of tariffs. Will these tariffs remain in place indefinitely? Is this the start of a trade war between two of the world’s largest global powers? We get into it. On this week’s episode of Capitol Gains, anchor Madison Mills, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman cut through the flurry of tariff news and give you the latest you need to know that impacts your bottom line. Newman breaks down what’s likely to happen with tariffs and what are just ploys from the Trump administration. While Newman believes the 10% tariffs on Chinese imports are here to stay, he thinks there could be a change when it comes to Trump’s plans for 25% tariffs on Canada and Mexico. “It would be a lot more pain for US consumers,” he says. “That’s a lot of food from Mexico. Just as Americans are trying to get over food inflation, it would [also] create chaos in the automotive industry with the supply chain.” Asia Society Policy Institute vice president Wendy Cutler also joins the show to discuss the China tariffs and why it’s so important for the United States to improve trade with other nations. Watch more episodes of Capitol Gains here. Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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    23 mins
  • How seriously Americans should view Trump’s tariffs
    Jan 31 2025
    There has been a flurry of news coming out of the White House this week, between President Trump’s newest executive orders, his efforts to try and cut the federal budget, approaching tariff deadlines, and more. On this week’s episode of Capitol Gains, anchor Seana Smith, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman cut through the noise and make sense of the latest news coming out of the Trump Administration that impacts your bottom line. The biggest story this week is Trump’s tariffs. While Trump’s initial plan was to sign executive actions on tariffs against Canada and Mexico on his first day in office, he delayed this to February 1. With this deadline swiftly approaching, there’s still lots of speculation swirling on the tariff front. Will Trump follow through with his plans to tax the aforementioned countries? What will the percentage be? While we wait for these plans to take shape, the Cap Gains team shared their insight. Newman believes Trump will avoid any major tariffs right off the bat. “Trump campaigned on a 60% tariff on all Chinese imports and he hasn’t talked about a 60% Chinese tariff since he’s been in office,” Newman says. “Now he’s talking about a 10% tariff, but that is not in place yet. So I think Trump is afraid to do major tariffs.” Werschkul feels differently. “I wouldn’t underestimate Trump’s real interest in doing tariffs,” Werschkul says. “He talks about paying for his whole agenda with them, so he’s very invested in making them happen.” Capital Economics Group Chief Economist Neil Shearing also joins the show to discuss the latest on Trump’s tariff front and how the world is perceiving the President’s threats on taxed imports. Watch more episodes of Capitol Gains here. Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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    25 mins

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