Thomas Hoenig—former Federal Reserve and FDIC official now at the Mercatus Center—analyzes economic indicators, US-China tariffs, and monetary policy, warning that despite current economic strength, the intensifying trade war could trigger significant disruption in late 2025.*This video was recorded on April 16, 2025Use my promo codes to get a 10% discount on BTC Vegas (May 27-29), the world's biggest Bitcoin conference:BTC Vegas 2025: B25:https://tickets.b.tc/event/bitcoin-20...BitcoinAsia: https://tickets.b.tc/event/bitcoin-as...Subscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMF...Listen on Apple Podcasts: https://podcasters.spotify.com/pod/sh...FOLLOW THOMAS HOENIG:The Mercatus Center: https://www.mercatus.org/ X (@tom_hoenig): https://x.com/tom_hoenigFOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV):   / davidlin_tv  Instagram (@davidlin_TV):   / davidlin_tv  For business inquiries, reach me at [email protected]*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.0:00 – Intro1:07 – Recession and uncertainty3:07 - Inflation concerns and tariffs4:46 – China8:20 - Global supply chain shifts9:02 - Budget deficit10:58 – Taxes and tariffs12:38 – Economic impact (of trade war)14:51 – Unemployment rate16:49 – Fed outlook 20:01 – Fed independence and political challenges23:41 – Impact on financial institutions24:34 – Consumer debt delinquency25:46 – Recession forecast#economy #investing #tariffs