What Trump's tariff plan does and doesn't mean for the economy

Stock Trader's Almanac Editor-in-Chief Jeffrey Hirsch shares how he thinks about President-elect Trump's tariff plans.

Transcript

00:00Trump's tariff plan, if implemented completely, would definitely raise prices and would be

00:05troublesome for the economy and the market.

00:07I don't expect him to do that.

00:08It's going to be a negotiating tactic.

00:10He is the order-of-the-deal guy, and they will be used tactically and strategically,

00:17and he wants to leave a legacy of economic prosperity, a bull market, and global stability.

00:23He's not going to do anything that's going to jeopardize that.

00:25He's going to play hardball and negotiate, but I don't think he'll implement all those

00:29tariffs.

00:30He's going to play hardball and negotiate, but I don't think he'll implement all those

00:31tariffs.

00:32He's going to play hardball and negotiate, but I don't think he'll implement all those

00:33tariffs.