💸 You're About to Pay 40% More

Summary

The video discusses Trump's new tariffs of up to 40% on a growing number of countries and the impact it will have on the cost of living in America. Tariffs are taxes on imported goods that American companies pay when bringing products into the country. These costs are then passed to consumers through higher prices. Because the US imports most everyday items, when tariffs go up, so does the price of everything.