Video: The ‘Big Beautiful Bill’ has passed—now what?

Tariffs on copper, pharma stoke economic uncertainty

July 10, 20254 min watch

BOK Financial® Chief Investment Strategist Steve Wyett and Cavanal Hill Investment Management President Matt Stephani discuss the potential impacts of the “Big Beautiful Bill” and tariffs.

KEY POINTS

  • By boosting U.S. manufacturing capacity and capital spending, the bill may help the United States “grow out of” the national debt.
  • New tariffs, particularly on copper and possibly pharmaceuticals, are stirring uncertainty.
  • The Federal Reserve is monitoring potential temporary price increases from tariffs, but these increases haven’t materialized yet.
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