Understanding Tariffs in Context
If there's one word that's been on the minds of many Americans in the past few weeks, it's tariffs.
At the beginning of April, the Trump administration announced their strategy to impose tariffs on US trading partners worldwide. President Trump outlined a minimum 10% tariff on all exporters to the US, and many countries will see greater rates.
As of April 4th, 2025, these are some of the rates for various countries:
- European Union: 20% tariff
- South Korea: 25% tariff
- Taiwan: 32% tariff
- China: Will have an additional 34% in levies, bringing the overall tariff rate to 54%
What to Watch For With Tariffs
Understanding tariffs in context means considering their impact on some of the following areas. We have linked a helpful resource sheet at the bottom of this page which covers potential impacts to these areas in detail.
- Impact on GDP
- Recession Risks
- Small Business Owners
- Further Changes to Trade Policy
- Personal Stock Portfolios
- Global Economic Outlook
Click the button below to check out this resource sheet, which puts tariffs in context and explains their impact and positioning.
Stay Educated and Informed
Financially savvy Americans know the importance of keeping up with the times. While this information represents what we know now, we will likely see further changes and announcements in the coming period.
We recommend that our clients and community members stay educated, informed, and vigilant while also remaining calm and focused. Significant changes in our foreign policy can affect our economy, our businesses, and even our personal finances. That said, individuals who make calm and strategic choices during this time tend to come out on top over those who act rashly.
Connect With Clayton Financial Group
Now is a great time to set up an appointment with your financial advisor to discuss strategies and manage your finances. Our Clayton Financial Group team is here to help. Contact us today!
