How Tariffs Work - Why Tariffs Might Not Be Helping Like You Think

Get Out of Debt Guy

Have you ever wondered why prices are rising on everyday items like food, cars, and household appliances? It could be due to tariffs! In this video, I break down how tariffs really work, who actually pays them, and why they might not be helping Americans as much as you think. As a business owner who imports goods, I’ve experienced firsthand the impact tariffs have on prices and consumers.

Learn how tariffs affect the U.S. economy, increase prices, and sometimes cost more jobs than they save. I’ll also show you how to tackle common misconceptions about tariffs and explain them clearly when you hear people talking about them.

By the end of this podcast, you’ll understand:

- Who really pays for tariffs (Hint: it’s not the foreign country)

- How tariffs raise prices on food, cars, electronics, and more

- Why 93% of economists agree tariffs hurt U.S. consumers

- Real examples of how tariffs affect American jobs and industries

If you’ve heard politicians claim tariffs are a great way to protect American jobs, this video will give you the facts you need to question those claims.

Subscribe to my Old Guy Insights channel for more insights on economics, trade policies, and how they affect your everyday life!