NerdWallet's Smart Money Podcast Is 'Made in the USA' Still Worth It with Tariffs? Plus: Best Accounts for Your Home Repair Savings
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May 15, 2025 Anna Helhoski, a senior news writer at NerdWallet, joins the hosts to tackle the complexities behind 'Made in the USA' labels. They delve into how tariffs shape consumer prices and the challenges of identifying truly domestic products in a global market. The conversation then shifts to practical advice on managing finances for home repairs. They discuss how to choose between high-yield savings and money market accounts, smart savings strategies, and the importance of financial flexibility when juggling multiple home repair costs.
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Understanding "Made in USA" Label
- "Made in the USA" means all or virtually all of the product is made domestically per FTC rules.
- Many products rely on global supply chains, so tariffs affect costs even for US-assembled goods.
Tariffs Raise Costs Despite US Assembly
- US companies face import costs on foreign-made parts, leading to higher consumer prices.
- Tariffs increase costs but full US manufacturing is currently not feasible for many products.
US Manufacturing Growth is Gradual
- Investment in US manufacturing is growing but factories take time to build and operate.
- Tariffs may encourage reshoring but product availability will lag due to setup time.