
Tariffs & Trade: Should You Be Worried?
Have you noticed prices creeping up on some of your favorite products lately?
Are tariffs something you should really be worried about, or is it all just hype?
In this video, I’m breaking down what tariffs really mean for your wallet, especially with the recent changes to trade with Canada and Mexico.
Simply put: When tariffs are imposed, they can drive up the cost of specific goods—for example, Canadian syrup—but does that mean inflation is on the rise for everything? Not exactly.
Tariffs only affect the goods they’re placed on, so the rest of your budget remains pretty much unaffected.
The bigger question is: How can you adjust when prices go up on certain items? If Canadian syrup gets too expensive, you can easily switch to other options. The same goes for coffee or any other item—there are plenty of alternatives out there.
So, should you be concerned about a trade war? While tariffs might create some challenges, in my opinion, they likely won’t lead to a full-scale economic crisis.
If you have any questions or concerns, feel free to reach out. At Green Financial Group, we’re committed to helping you stay the course—no matter what comes our way.