The Trump administration’s new tariffs on imports spark consumer concerns over rising prices. A financial advisor shares their thoughts.
TOLEDO, Ohio — The Trump administration’s decision to impose new tariffs on imports from Mexico, Canada and China has sparked concerns among consumers already struggling with rising prices. As the cost of goods continues to climb, many Americans are worried about the long-term effects on their finances.
At Wildwood Preserve Metropark, several visitors expressed frustration and uncertainty over the economic changes.
“There’s a lot of uncertainty, that’s for sure,” Sanjay Khare said. “It feels like my salary is shrinking every day. Then I go to the grocery store, I find that there’s a lot less money in my pocket when I’m done.”
Fears of a trade war have also heightened concerns about the auto industry and potential retaliatory tariffs.
“I think the tariffs are a huge mistake,” Carol Scheiber said. “I’m worried about the auto industry; I’m worried about retaliatory tariffs coming back at …