Ask Terry Questions Tariffs and the economy

Tariffs and the economy

By Terry Savage on April 08, 2025 | Wild Card

Hi Terry, not a question, but a comment again.
We had tariffs during Trump’s first presidency and the economy was running like a fine tuned engine and nobody was talking about the tariffs. Now, people were made aware of tariffs and even the “common man” acts and comments on the economy like they have a PHD in economics. The problem is social media and because people get information they “think” they have wisdom.
Well, it’s not wisdom, it’s just information that they act on. It doesn’t mean they know how to interpret the information. Thanks, we’ll keep listening to you.

Terry Says

It’s not just the concept of tariffs — it’s how they were calculated, imposed, and how global trade will be disrupted. It’s good that people now are thinking about the economy in a broader sense than their own personal finances!

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