RESOLVING THE LEDGER
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As of Aug. 4, President Donald Trump has imposed tariffs on 60 vital trading partners, claiming each country has inadequately enforced bans on goods produced by forced labor. Because tariffs raise the price of imported goods and tend to weaken the U.S. dollar, companies that depend on foreign products pass those increased costs on to consumers, leading to inflation and investor confusion.
With Trump's proclivity for pressing tariffs, now may be a good time to focus on how his trade decisions impact your portfolio -- both over the short and long term.
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