024 KT’s Tips- Trade Tariffs, good or bad?

In this episode, KT discusses:

  • Economists’ viewpoint on tariffs
  • President Trump initiating tariffs on both steal and aluminum
  • What other countries are doing with tariffs
  • Good and services on a budget

Key Takeaways:

  • Tariffs can drive up the cost of things
  • We as consumers are not willing to pay more for clothing which tends to enable the negative side of a tariff
  • The average hourly wage of a worker has been fairly flat on an inflation adjusted basis for the past 8 years

“The most hurt consumer in a tariff war is the middle class.. Because they shop in the stores that carry the most stuff that’s brought in from around the world.” KT Thomas

Reach Me Here: KT Thomas

Connect with KT Thomas: https://ktsmoneymatters.com/

Purchase KT’s book- The Hardworking Woman’s Guide to Money

 

Show notes by show producer: Danielle Taylor

Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.

About the author, Kathleen

Kathleen Thomas, who often goes by KT, has over 25 years of experience in the financial services industry and understands the need for women to take control of their financial lives.

A Certified Investment Management Analyst, Chartered Life Underwriter, and Certified Financial Planner™ practitioner, Thomas earned her degrees in Finance and Political Science from Salem College.

Prior to founding NewDay Solutions, an independent Registered Advisor Firm, Thomas spent 20 years as a private wealth advisor for Ameriprise Financial Services. Many of her earliest clients continue to work with her.

Thomas is an avid long-distance runner and triathlon participant. She has completed the Boston Marathon seven times and the Ironman Distance Triathlon three times. She has volunteered as coach and mentor for Girls on the Run New Hampshire and Team in Training.

Raised in Newton, Massachusetts, Thomas now lives in Seabrook, New Hampshire, with her husband, John. They have one daughter.

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