Recently, one question has been coming up again and again from clients: What happens to the U.S. economy when tariffs are imposed?
Tariffs—taxes on imported goods—are often introduced as a way to protect American industries, but their impact is more complex than it seems. While they may offer short-term benefits for certain sectors, they can also drive up costs, disrupt supply chains, and lead to trade conflicts that ultimately weaken the economy.
In this video, Laurance Kersh, CFP®, breaks down the immediate and long-term effects of tariffs, examines historical perspectives, and explores what they really mean for businesses, consumers, and economic growth. Let’s dive in.