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President Trump's New Tariff Plan Could Have These Longer-Term Impacts on Social Security
On April 2, during his "Liberation Day" address, President Donald Trump announced a wave of new tariffs that affected U.S. trade relations with more than 180 countries.Trump's plan includes tariffs ranging from as low as 10% (the base rate for all non-Chinese companies) to 125% (for Chinese goods). The new tariff amounts have changed and are likely to change again, but as they stand, there's a lot that's altering the global trade landscape.Although the tariffs will directly affect imported goods and consumer prices, they also could have some longer-term impacts on Social Security. If you're currently receiving or will receive Social Security benefits soon, here's what you should know.Continue reading
On April 2, during his "Liberation Day" address, President Donald Trump announced a wave of new tariffs that affected U.S. trade relations with more than 180 countries.
Trump's plan includes tariffs ranging from as low as 10% (the base rate for all non-Chinese companies) to 125% (for Chinese goods). The new tariff amounts have changed and are likely to change again, but as they stand, there's a lot that's altering the global trade landscape.
Although the tariffs will directly affect imported goods and consumer prices, they also could have some longer-term impacts on Social Security. If you're currently receiving or will receive Social Security benefits soon, here's what you should know.
