From Yahoo Finance: 2025-04-29 12:02:00

President Trump has imposed tariffs on imported goods, affecting 18 countries and the European Union. The “worst offenders” face higher rates, with China hit the hardest at 104%. Middle-class families are expected to pay an extra $4,700 per year. Financial experts suggest emergency funds and budgeting to “tariff-proof” wealth.

To offset the impact of tariffs, prioritize essential expenses and have a well-funded emergency fund. Set aside a small amount for unexpected costs. Monitor your budget monthly and compare actual expenses to stay informed. Tariffs contribute to inflation, so consider placing savings in a high-yield savings account paying at least 3%.

Diversifying investment portfolios is crucial amid tariff volatility. International stocks have outperformed American stocks by 15% since Trump took office. Invest in low-cost global index funds to maintain exposure without overcommitting to any one economy. Stay informed and adapt quickly to economic changes to protect your wealth.

Read more: 4 Ways the Middle Class Can ‘Tariff-Proof’ Their Wealth