Trump’s Tariffs Loom. There’s More To It Than Most Understand

U.S. stocks declined as President Trump’s tariffs against Mexico, Canada, and China are set to take effect at midnight. While there has been much debate over the wisdom of Trump’s tariff policy, the issue goes much deeper than inflation. Timely tariffs can have a noticeable impact on the financial health of the U.S. For example, imports and exports create a trade deficit or surplus, which affects the amount of U.S. debt and property owned by foreign entities, which in turn affects the federal…