Capitol Gains

Tariffs are back in focus this week. In addition to President Trump’s announcement of 25% tariffs on imported vehicles and foreign-made auto parts, the commander in chief is set to announce his reciprocal tariff plan on April 2, which he is referring to as, “Liberation Day.” On this week’s episode of Capitol Gains, anchor Madison Mills, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman break down the latest on the tariff front and what it means for Americans and their bottom lines. The trio is also joined by Peterson Institute for International Economics senior fellow Mary Lovely to further discuss tariffs and their economic impact. 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 [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

On this week’s episode of Capitol Gains, anchor Madison Mills, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman take a closer look at the Trump administration’s impact on markets thus far, and preview what could be coming down the pipeline for the economy as the President implements more tariffs, cuts back the federal workforce, as well as other changes to the government. Plus, Yahoo Finance Senior Columnist Kerry Hannon stops by the show to discuss Social Security and how Americans should prepare and protect their finances amid the program’s uncertain future. 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

It is another week of President Trump’s tariffs taking focus in the news as the commander in chief issues new threats against Canada and the EU. On this week’s episode of Capitol Gains, anchor Madison Mills, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman talk about the tariff news coming out of Washington D.C this week and its impact on the economy. Committee for a Responsible Federal Budget President Maya MacGuineas also joins the show to discuss the latest on the budget resolution bill. 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 [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Tariffs take focus in Washington D.C. again this week as President Trump’s taxes on foreign imports went into effect on Tuesday, beginning a trade war against Canada, China, and Mexico. Following the implementation, various actions were taken by all nations involved. The United States announced a number of tariff exemptions and delays. Canada, China, and Mexico announced retaliatory tariffs. On this week’s episode of Capitol Gains, anchor Madison Mills, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman cut through the tariff news bluster and break down what matters most to Americans. “Trump went forward with these tariffs on Tuesday. In the immediate days, the economic cost of them became very evident,” Werschkul says. "The CEOs and business leaders were getting to anyone they could at the White House, and they're clearly getting through in the sense that there certainly has been a walk-back [on tariff policy]. The question is what this looks like in a month when the big tariffs are in place.” Werschkul also breaks down why Trump is so hyper-focused on tariffs in this new administration. “It's a way to raise revenue. It's a way to get what he wants on the negotiating stage. It's a way to, sort of, have America first, and it can't be all those things at once,” Werschkul explains. "What exactly are the goals here of tariffs? Because at different times, even in the same speech from Trump or from Trump's aids, you hear different things.” American Action Forum president and former Congressional Budget Office Director Douglas Holtz-Eakin also joins the show to provide further insight on the budget resolution bill and the economic outlook based off on President Trump’s handling of the economy thus far. 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 [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

It was quite the week to be in Washington DC. The Department of Government Efficiency remains in focus as DOGE and Elon Musk continue cutting from the federal budget to help curb government spending. Meanwhile, President Trump’s $4.5 trillion tax cut bill made it through the House. Though the legislation still has a ways to go, we take a look at the bill, how it’s impacted by DOGE, and what it all means for your bottom line. On this week’s episode of Capitol Gains, anchor Madison Mills, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman look at DOGE’s impact over the Federal government thus far while also breaking down Trump’s budget reform. “The real action here is with the tax cut bill. You could almost argue that DOGE is a bit of a sideshow,” Newman says. “The stakes with the tax cut bill are huge, literally in the trillions of dollars. The stakes with the Government Efficiency Commission, even though it’s getting minute-by-minute headlines, the stakes are actually pretty small.” Newman attributes the “small stakes” to the fact that firing government employees and cutting back on the federal budget will not actually move the needle to fix federal spending and the federal debt as much as Musk touts it will. The former House Ways and Means Committee Chair Kevin Brady also joins the show to provide further insight on tax policy in the United States and whether or not Congress is ok with the ways Elon Musk and DOGE have inserted themselves into the country’s spending process. “I think Congress sees this as pulling the curtain back on what Congress has been trying to get from the Executive Branch for an awful lot of time,” Brady explains. “It’s actually generating conversations in Congress about how you rightsize it the right way, keeping Congress's priorities in place… for looking for those programs that are either wasteful or really just no longer priorities for a government that is this big and growing bigger.” 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 [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices