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Friday Tidbit

• Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner

This forecast from The Yale Budget Lab is just further confirmation that increasing tariffs increases the cost of goods both in the short term and long term.

Increasing the cost of goods is not beneficial for the US economy because US consumers will pay more (and in most cases materially more) for the same imported goods which then slows economic growth.

Tariffs are just bad news.

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