Tariffs are once again at the forefront of the news cycle this week. On Thursday, President Trump announced reciprocal tariffs against foreign trading partners, though it could take months to actually implement due to trade negotiations with the aforementioned nations. This all comes after the president signed an executive order imposing 25% blanket tariffs on steel and aluminum earlier this week. What does all this mean for the economy and your bottom line? We get into it.

On this week’s episode of Capitol Gains, anchor Madison Mills, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman talk about the latest tariff news, breaking down what the legislation means and how they will directly impact the American people.

Tax Foundation Policy Analysis Director Garrett Watson joins the show to provide insight on the latest tariff news and look ahead to Trump’s future tax bills.

The team also takes a look at DOGE following the latest press conference between President Trump and Elon Musk and the steps the government is taking to reduce the $36 trillion federal debt.

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.

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