⭐ Save Money on your premium wireless with my channel partner Mint Mobile. Sign up here: https://trymintmobile.com/smartmoneybro
📌Get 1 on 1 Financial Coaching and Mentoring: https://eric-bowie-smart-money-bro-school.teachable.com/p/1-on-1-personal-finance-coaching
In this video, we break down the new tariffs imposed by President Trump on Mexico and Canada, and why they could have a painful impact on consumers, businesses, and the economy. We’ll explain what tariffs are, how they work, and the hidden costs you might not expect.
We also cover Mexico’s quick response, negotiating a one-month pause on Trump’s tariffs, and what this means for trade relations moving forward.
Don’t wait until it’s too late—find out how these changes could affect your wallet and what you can do to prepare.
📌Join Our Smart Money Bro Community on Patreon: https://www.patreon.com/smartmoneybro
📌Jump on my schedule: https://smartmoneybro.com/schedule/
👇🏾MORE INVESTING VIDEOS TO CHECK OUT👇🏾
▶️ Trump WARNING: Trump Tariffs Coming Soon: https://youtu.be/jKp3jQ2qufI
▶️ Trump DEMANDS “NO MORE TELEWORK”: Why Federal Worker Are Nervous
▶️ Buy These 4 Assets and NEVER Sell: https://youtu.be/luWsa1px1ls
Timestamps:
00:00 Introduction
00:13 Mexico tariffs paused
00:58 Stock market reaction
01:07 Mexican troops to the border
01:26 Canada’s response
01:49 Trump’s tariffs leverage
02:14 What are tariffs?
03:46 The problem with tariffs
06:05 Reduced payroll
06:32 Domestic U.S. suppliers
07:30 Competitors raise prices too
08:17 Purpose of Trump’s tariffs
08:45 Impact of tariffs
09:06 Impact on inflation
09:22 Impact on foreign relations
11:02 Plan large purchases
11:46 Support local businesses
12:02 Compare prices
12:26 Shop around
12:34 Control expenses
12:52 Layoffs may occur
13:01 Emergency money
13:09 Business owners
14:01 Tariffs are a penalty
#trump #donaldtrump #taxes #financiadvice #Trumptariffs #smartmoneybro
DISCLAIMER:
🚨This content is for educational and entertainment purposes only. Smart Money Bro does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
SCAMMER WARNING: ➡ PLEASE READ!
⚠️ Be careful of scammers in the comments section. I will never solicit or ask you for anything in the comments. Please be careful. These scammers are relentless.
