The day President Trump took office, he announced plans to implement a 25 percent tariff on goods from Mexico and Canada. Additional tariff conversations have exploded since that day. What could these mean to your personal finances and the economy? Today, we’ll explain a bit of the backstory of tariffs and discuss the possible financial pros and cons.
Here’s what we cover in this episode:
0:00 – Intro
0:53 – What is a tariff?
3:32 – History of tariffs
4:43 – Economic implications
8:30 – Benefits
10:45 – Market volatility
12:45 – Emotional reactions
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