Tariffs—what are they, and why do they matter to you? In this episode, we break down the basics of tariffs, explaining why governments use them and how they impact everything from the price of everyday goods to job opportunities. If you’re wondering whether certain products will get more expensive or how global trade policies affect your financial future, we’ve got you covered.

We’ll also dive into real-world examples, exploring how tariffs on industries like steel and electronics have shaped markets and consumer prices. Plus, we’ll discuss what these policies mean specifically for Millennials and Gen Z, from the impact on jobs to the cost of living. If you’ve ever wanted to make sense of the headlines and understand how trade decisions impact your daily life, this episode is for you!

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Resources:

Connect with us on LinkedIn: Bill Taber and Anastasia Taber

AP: What are tariffs and how do they work?

National Bureau of Economic Research paper

NBC: Tariffs contribute to job losses in American manufacturing, Fed report shows

Yahoo Finance: Tariffs could raise car prices quickly

What is the Smoot-Hawley Tariff Act?