The day President Trump took office, he announced plans to implement a 25 percent tariff on goods from Mexico and Canada. Additional tariff conversations have exploded since that day. How might this impact your personal finances and the economy? Today, we’ll explain a bit of the backstory of tariffs and discuss these new tariffs.

For those looking to understand more about managing their finances in the face of uncertainty, this show will provide some great information about what’s happening and how we’re addressing these conversations with our clients.

Here’s some of what we discuss in this episode:

• What exactly are tariffs and what does it mean to you?
• Are tariffs a new thing?
• Why do markets typically react negatively to tariffs?
• What’s the strategy behind tariffs?
• How we approach conversations about tariffs with our clients.

Get in touch with Chessman Wealth: https://www.chessmanwealth.com/

The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.

Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.