Mike C.Let's talk about something that's been keeping you up at night: your financial future in an economy that seems to change daily.
Mike C.The Trump administration implemented tariffs ranging from 10-25% on various imported goods, including steel, aluminum, and products from China. These tariffs are essentially taxes on imported items, designed to protect domestic industries and generate government revenue. The result: tariffs increase the cost of imported goods, companies often pass those increased costs to consumers through higher prices, and essential items like electronics, clothing, and household goods become more expensive. This means your purchasing power goes down when tariffs are in effect and everyday items cost more.
