Episode 233 of the Investopedia Express podcast with Caleb Silver (March 31, 2025)

Published March 31, 2025

05:33 PM EDT

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Investors have been bracing for, and selling ahead of April 2nd, dubbed “Liberation Day” by the White House, when hundreds of billions of dollars in tariffs are set to be imposed on Canada, Mexico and China. That has driven consumer and investor sentiment down to multi-year lows as we ready ourselves for more inflation and profit pressure. Meanwhile, the rise of a new coalition of autocracies called the CRINKs has been very busy doing business with one another in Russia, China, Iran and North Korea, and they are doing it without the dollar. Here’s what a declining greenback means for the strength of the U.S. economy as it enters a new era of protectionism.

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