Markets are on edge as Trump’s 25% tariffs on Canada and Mexico loom, with a potential trade war that could disrupt $1.6 trillion in annual trade. Will this escalate inflation, crush supply chains, and force the Fed to rethink rate cuts? The news changes fast, Trump doubles down on Feb 1 while this interview was being taped.

Meanwhile, gold is surging past $2,800, hitting record highs as investors scramble for safe havens. Is this just the beginning of a massive gold rally or a reaction to Trump’s economic policies?

David Rosenberg, Chief Economist at Rosenberg Research, joins Kitco News to break it all down—what happens next, how markets will react, and whether these tariffs are just a negotiation tactic or a real game-changer.

Key Topics:

• Trump’s 25% Tariffs – Will they happen? What’s the real economic impact?
• Inflation &the Fed – Could tariffs force rate cuts to be delayed or even reversed?
• Oil &Energy Prices – If crude is hit with tariffs, will gas prices spike overnight?
• Gold’s Breakout – Why gold is hitting record highs and how far it could go in 2025
• Trade War Fallout – How Canada and Mexico may retaliate and what it means for markets

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)
Follow David Rosenberg on X: @EconguyRosie (https://twitter.com/EconguyRosie)

00:00 Introduction and Welcome
01:37 Market Reactions and Predictions to Tariffs
05:16 Energy Prices and Potential Tariffs on Oil
05:52 Canada's Response and Economic Strategies
13:34 Inflation Concerns and the Fed's Response
29:38 Breaking News: White House Denies Tariff Report
30:18 Trump's Unpredictable Trade Policies
31:28 Gold: The Ultimate Hedge Against Uncertainty
32:35 Bitcoin vs. Gold: A Conservative Investor's Perspective
33:53 Breaking News: Gold's Meteoric Rise
36:47 Global Trade War and Its Implications
39:15 The Debt Bomb: Fiscal Instability and Gold
49:08 Stock Market Bubbles and Concentration Risks
57:06 The Case for Hard Assets and Liquidity
58:24 Conclusion

Trump #Tariffs #TradeWar #Gold #StockMarket #Inflation #Recession #FederalReserve #Economy #InterestRates #Markets #Investing #Finance #OilPrices #SupplyChain #Canada #Mexico #USDEconomy #TrumpPolicy #StockMarketNews #MarketCrash

Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage.

FOLLOW US:
X: https://x.com/kitconewsnow
Instagram: https://www.instagram.com/kitconews
Facebook: https://www.facebook.com/KitcoNews
LinkedIn: https://www.linkedin.com/company/kitconews

Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.

Live gold price and chart: https://www.kitco.com/charts/gold
Live silver price and chart: https://www.kitco.com/charts/silver
Live crypto market data: https://www.kitco.com/price/crypto

Learn more about Kitco News: https://www.kitco.com/news/about/

For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising

Disclaimer:
The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.