Make Me Smart Our post-tariff takeaways
9 snips
Apr 3, 2025 The podcast dives into the sweeping tariffs imposed by President Trump, revealing unexpected price hikes consumers might face. Economists share strategies for stockpiling essentials amidst rising costs. Internationally, countries react with concern, raising tensions in global trade. The discussion also touches on the quirks of imposing tariffs on uninhabited territories near Antarctica, exploring the bizarre implications of such policies. Join in for a lively analysis of how these economic changes are reshaping consumer behavior and political dynamics.
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Car Purchase
- Kimberly Adams and her husband bought a car over the weekend.
- They made this decision due to the anticipated price increases from new tariffs.
Financial Advice
- Don't let fear dictate spending choices, even with rising prices.
- Consider building an emergency fund and staying informed about market changes.
Tariff Impact on Low-Income Consumers
- Lower-income individuals are most affected by tariffs on consumer goods.
- They may benefit from stockpiling, but they're often least able to afford it.