It's the last Monday of Financial Literacy Month 2025, and unless you’ve been living under a rock or blissfully disconnected, you’ve probably heard the noise about tariffs lately. U.S. tariffs on Chinese imports are climbing as high as 145%, with threats to go even higher. And while it’s tempting to think that’s a political issue, the truth is tariffs effect your wallet and budget.

In this episode, we’re breaking down what tariffs actually are, how they distort prices, and why understanding how prices are shaped has never been more important. Because if you don't understand how prices are set, you don’t really understand how money moves, and in a world where price tags lie, shrink, surge, and shapeshift every few months, that's not just an economic problem. That's a literacy problem.

We cover:

Why it’s so hard to just "make everything in America", even if you want to
How companies quietly pass tariff costs onto you and how to spot it
Real-world tools to build price literacy and become a sharper consumer and investor
What it means to see yourself as part of the global exchange, and why that gives you more financial power, not less.

Links:

Kim Lewis reel on luxury prices (bonus: watch our interview with Kim here)
CamelCamelCamel - Amazon Price Tracker
Google Chrome Price Tracker

Connect with Julien and Kiersten on our website, Instagram, Twitter, and YouTube.

Join our email list to get updates from us, opportunities for discounts, freebies and a quick rundown on the relevant financial and career news impacting your life.

Get our book Cashing Out: Win the Wealth Game by Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes

If you would like to learn more about investing, check out our newest class, Making Money Grow

April 2013