Summary
Fox News host Julie Banderas warned that President-elect Donald Trump’s proposed tariffs—25% on products from Mexico and Canada and 10% on those from China—could significantly raise costs for Americans, as many businesses rely on foreign goods.
While some companies are shifting to U.S.-based suppliers or stockpiling goods ahead of the tariffs, Banderas noted that buying American often results in higher prices.
She highlighted that the financial burden would likely fall on consumers, questioning, “Who’s going to pay for that? We are.”
Economists have also warned of inflation risks.
The best way to win is not to play
Thanks for responding but the best way to win is to play smart. I’ve made great plays and stupid plays. 90% of the money we’ve saved for a downpayment on a house is in the market, in index funds.
I’m just asking around, mostly in person, for when other people are going to cash out and why.