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. How might this impact your personal finances and the economy? In this episode, we’ll take a closer look at the backstory of tariffs– what they are, why governments impose them, and the historical context of them.
Here’s some of what we discuss in this episode:
🧠 What a tariff actually is
🛒 How tariffs impact consumer prices
🏛 Why tariffs are not a "new" thing historically
💬 How global trade negotiations affect your portfolio
🛡 Smart steps retirement savers should take now
⏳ Why patience is still the best investment strategy
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