6 Surprising, Savvy Money Tips For Surviving Trump's Tariffs Debacle
HuffPost
Finance experts share what they are doing to prepare for rising prices of food and goods.
On Wednesday, President Donald Trump’s latest tariffs went into effect and raised import taxes on nearly all of the nation’s trading partners ― and sparked tariff retaliation by China and the European Union in return.
Trump soon after said he would do a 90-day pause on these higher tariffs for most countries, but would raise tariffs on Chinese exports to 125%. Despite Trump backing down on his initial promise, the uncertainty remains: There is no end in sight to the ongoing global trade war Trump has incited.
It’s understandable if you’re nervous about your money right now. The stock markets have been volatile since Trump’s proposed tariffs. It can be nerve-wracking to watch your stocks ― which are linked to retirement accounts and are an indicator of investor confidence ― plummet in real-time.
This trade war is almost certain to raise prices on many of the everyday clothing, electronics and groceries you purchase.
When the global economy is uncertain, it’s time to get resourceful. Here are savvy, unexpected tips from finance experts who know best about how to stretch dollars and channel your understandable financial anxiety during this time into meaningful action.
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Finance experts share what they are doing to prepare for rising prices of food and goods.
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