Cost of Living Correspondent
Cost of Living producer
BBCWhether it’s pensions, mortgages, investments or the cost of everyday items, many of you have been getting in touch with Your Voice, Your BBC News to ask how the global tariffs and recent stock market turmoil may impact your personal finances.
The BBC’s Cost of Living Correspondent, Colletta Smith, has been answering your questions.
‘I don’t understand what is going on. What do tariffs mean?’
Christine Bailey, 68, from Bolton, pictured above said like many people she had seen a lot about tariffs in the news but was not sure what it was all about.
Tariffs are taxes on stuff that is imported from other countries.
Donald Trump has said he wants US citizens to buy more American-made products and he’s hoping to do that by making the price of things brought in from other countries more expensive….
