Former president Donald Trump won his reelection by promising lower living costs for all Americans, partly by increasing tariffs on imports.

Making foreign goods more expensive to boost American manufacturing and increase the purchase of American made goods is the story people tell to make tariffs sound good…but who actually pays the price? Literally, as in who pays the tariffs, and who ultimately ends up footing the bill?

In this episode, Hannah Chapman, CFP, APMA, CRPC, explains the mechanics of tariffs, their impact on the economy, and how to prepare for them before they come.

Listen to learn:

How do tariffs actually work?

Who pays the imposed tariffs?

How will they impact the economy?

How businesses are currently reacting to the tariffs

What you should consider doing before tariffs take effect

Which socioeconomics groups will be affected the most by tariffs?

What do tariffs have to do with inflation?

Connect with Hannah here:

X² Wealth Planning Website: https://x2wealthplanning.com/

Instagram: https://www.instagram.com/hannah.chapman.cfp

Facebook: https://www.facebook.com/hannahchapmanfinancialadvisor/

LinkedIn: https://www.linkedin.com/in/hannahrchapman/

Expansive CEO Website: https://expansiveceo.com/freegift