IBJ Podcast: Pete the Planner on Trump’s potential impact on investors, taxes, inflation and the auto industry

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Donald Trump is headed for a second term in the White House. The pundits have had ample opportunity to dissect the political implications of his victory. For this week’s episode of the IBJ Podcast, we wanted to explore the potential financial repercussions of a new Trump administration.

There’s no mystery about his fondness toward tariffs—the taxes applied by the government for imported or exported goods as a way to influence foreign trade. Trump has proposed a 10% to 20% tax on most foreign products, and a 60% tariff on goods from China. On the American front, he wants to lower corporate taxes and extend the tax cuts from the 2017 Tax Cuts and Jobs Act that are set to expire soon. His administration is widely expected to loosen corporate regulations and otherwise defang watchdog agencies. He is seen as devoted friend of the financial, defense and crypto sectors. Wall Street was thrilled with his election victory: The stock market almost literally jumped for joy on Nov. 6, posting some of the biggest gains seen in many months.

Trump’s policies will affect street-level consumers and investors in direct and indirect ways—some intentional and perhaps some unintentional. IBJ financial columnist Peter Dunn, aka Pete the Planner, is our guest this week to help us make sense of what could be in store for us, the stock market, the federal debt, the economy and inflation over the next four years. The tariffs in particular could be problematic for some American industries, including the automobile sector, and could have the effect of boosting inflation. Pete also suspects that the pharmaceutical industry could have a tough time, which might affect Indianapolis-based Eli Lilly and Co.

Click here to find the IBJ Podcast each Monday. You can also subscribe at iTunesGoogle PlayTune In, Spotify and anyplace you find podcasts.

You can also listen to these recent episodes:

IBJ Podcast: Inside the plan to extend life expectancy for residents of five Indy neighborhoods

IBJ Podcast: What’s the potential impact of Lilly’s $4.5B ‘medicine foundry’ in Lebanon?

IBJ Podcast: Indy’s ‘A Couple Cooks’ on building their site, making and selling new cookbook

IBJ Podcast: From the Army to finance to tech to excavation, Andrea Sloan says ‘yes’ and takes big leaps

IBJ Podcast: Fever’s sales guru on preparing for Caitlin Clark, using data and AI to win over fans

IBJ Podcast: Orr fellows leverage networking to boost value of tech, entrepreneurial positions

IBJ Podcast: Pete the Planner on the best places to stash your cash

Looking for another podcast to try? Check out IBJ’s The Freedom Forum with Angela B. Freeman, a monthly discussion about diversity and inclusion in central Indiana’s business community.

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2 thoughts on “IBJ Podcast: Pete the Planner on Trump’s potential impact on investors, taxes, inflation and the auto industry

    1. It’s not like hid didn’t implement tariffs the first time around. Curious why you think he won’t do it again?

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