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PSA: How should you respond to tariffs?

The Trump Administration has announced tariffs on trade with other countries. While there has been a lot of uncertainty as to how these policies will evolve, it's generally agreed that tariffs can be inflationary, and they have also sparked volatility in the financial markets.  How should you respond to tariffs — as a consumer and an investor?  As a consumer, to address potential inflation, find ways to cut back. You also may want to build, or replenish, your emergency fund to help handle price increases