What are TARIFFS shorts

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=wLP5jTkPtFg

✅CHECK OUT MY COMPREHENSIVE COURSE ON PERSONAL FINANCE: • Learn about building credit, establishing savings, effective budgeting, and managing debt! • ► https://www.udemy.com/course/keystone... • ✅ GET THE KEYSTONE FINANCIAL GUIDE: • The ultimate all-inclusive textbook on Money and Investing! • ► https://keystonefinancialeducation.com • ✅FOLLOW ME ON INSTAGRAM and TIKTOK: • ► / ejgindis • ► @ejgindis • ► / keystonefinancialacademy • ► @keystonefinancialacademy • CLIENT: So, Mr. Advisor, all I keep hearing on the news are tariffs and more tariffs. • ADVISOR: Yeah, that seems to be the new buzzword ever since the election. • CLIENT: So, what are they exactly? • ADVISOR: Tariffs are nothing more than a form of tax levied on imports from another country. • CLIENT: And…they’re used because? • ADVISOR: Well, they can be used as a form of income for the government imposing the tariffs, as well as policy to make imported goods more expensive in the hope that consumers will buy domestic products instead. It’s a way to protect the domestic industry and the U.S has put tariffs on goods from China, Mexico, Canada and countries in Europe. Unfortunately, all of them can retaliate with their own tariffs, and this creates a trade war where everyone loses. In the end, tariffs are a bad idea, as the cost is paid by consumers in the country that imposes them, not by the exporting country. All they really end up doing is making everything more expensive and if other countries retaliate, it also becomes harder to sell American goods abroad. • CLIENT: Wow, ok! • ADVISOR: And of course, learn about money and investing by subscribing to my channel the Keystone Financial Academy on YouTube! • DISCLAIMER • This video was created for informational and educational purposes only, and should not be construed as a source of specific investing, financial, accounting, or legal advice. This video should never be used as the sole source of information, without consulting with a financial or legal professional to determine what may be best for your individual needs. The creator of this video, Elliot J. Gindis, does not make any guarantee or other promise as to any results that may be obtained from using the information in the video. To the maximum extent permitted by law, the creator of this video disclaims any and all liability in the event that any information, commentary, analysis, opinions, advice, and/or recommendations contained in this video prove to be inaccurate, incomplete, or unreliable, or result in any financial or other losses.

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