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. We’ll also break down the new tariffs that have been introduced, their potential impact on everyday people, and what you can do to navigate this shifting financial landscape.
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
0:00 – Intro
1:40 – How tariffs work
4:34 – Historical context of tariffs
8:17 – Positive benefits of tariffs
9:46 – Actionable steps for retirement savers
Resources
Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors
