“Tariff” has officially become the economic buzzword of the year under this incoming administration. But let’s face it—many Americans are just now Googling “What is a tariff?” instead of asking that question before the election. Here’s the truth: a tariff is nothing more than an import tax, and contrary to Trump’s spin, it’s not paid by the exporting country or company.
What does a 25% tariff mean for you? If you’re importing goods from Canada or Mexico, you’re now paying 25% more. That $100 product? It’ll now set you back $125. Trump’s plan might sound like “America First,” but it’s everyday Americans footing the bill.
Tune in as we break down how this reckless policy could send shockwaves through the economy—and your wallet.
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