Episode 22: Are Tariffs Fueling Inflation? Navigating Tariff Uncertainty with Michael Kloempken

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Tariffs are a hot topic 🔥—and evolving fast! Grace switched things up with her latest video and invited Senior Wealth Associate and fellow econ nerd, Michael Kloempken, to dive into the chaos, cut through the noise, and discuss key data points to help navigate the uncertainty.

 

As much as Grace loves a lively discussion on tariffs, the gloves came off in this episode, and they break down:

☑️ The potential impact of tariffs on prices and inflation

☑️ How businesses are reacting

☑️ What this means for the market

☑️ And how we’re navigating portfolios

 

Tariffs may concern free marketers, but key data points can put the impact in perspective ➡️ Total U.S. imports only make up about $4 trillion of our $30 trillion economy (which is largely service based)! Imports from China, Mexico, and Canada alone only make up ~5% of U.S. GDP. Unnerving? Sure. Survivable? Absolutely. It’s never easy to ride out volatile markets, but we will get through this.

 

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