024 - KT’s Tips- Trade Tariffs, good or bad?

In this episode, KT discusses: Economists' viewpoint on tariffsPresident Trump initiating tariffs on both steal and aluminumWhat other countries are doing with tariffsGood and services on a budgetKey Takeaways: Tariffs can drive up the cost of thingsWe as consumers are not willing to pay more for clothing which tends to enable the negative side of a tariffThe average hourly wage of a worker has been fairly flat on an inflation adjusted basis for the past 8 years"The most hurt consumer in a tariff war is the middle class.. Because they shop in the stores that carry the most stuff that's brought in from around the world." - KT Thomas Reach Me Here: KT Thomas Connect with KT Thomas: https://ktsmoneymatters.com/ Purchase KT's book- The Hardworking Woman's Guide to Money Learn more about your ad choices. Visit megaphone.fm/adchoices