Tariffs, Taxes, and Trade (Feat. Mayer Brown Senior Advisor, Warren Payne)

In this episode, Rick is joined by International trade expert, and former member of the US House of Representatives Committee on Ways and Means, Warren Payne. They unpack the bipartisan shift in U.S. trade policy—particularly around China—and what it means for the global economy. They explore the misconceptions that shaped early U.S.–China trade relations, the impact of tariffs under both Trump and Biden, and how these policies ripple through countries like Mexico, Canada, and the EU. Warren explains how trade, tax policy, and national debt are more connected than ever, and why the U.S. may be running out of leverage. Plus, a look at how modern politics—and even the way members of Congress interact—might be holding back real progress.

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Discussions in this show are for entertainment and educational purposes only and should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker/dealer, member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and SmartPro Financial / Bridgeway Wealth, LLC are not affiliated.