Understanding Tariffs: Impact on Consumer Prices & the Risk of Stagflation

Brace yourselves—this episode is a rollercoaster of wit, wisdom, and a little bit of economic doom. Chris and Saied break down the most contentious topic in finance right now: tariffs. Are they a necessary economic weapon or a sneaky tax on the everyday American? The guys cut through the noise with a no-nonsense breakdown of how these new tariffs on China, Canada, and Mexico are set to shake up prices on everything from your morning avocado toast to the car you (maybe) planned to buy next year. They also take a moment to reflect on their own economic genius—because when you call stagflation a year and a half ahead of time, you deserve some flowers. ➡️ But it’s not just economic policy that gets roasted today—Best Buy, Target, and even fresh produce take a hit as the hosts connect the dots between trade wars, inflation, and your dwindling savings account. From the absurdity of avocado pricing to the hidden costs of an iPhone made in China, this episode peels back the layers of financial jargon to show you how these decisions will hit your wallet, your weekend grocery run, and possibly even your job. Oh, and if you thought guacamole was overpriced before, just wait.💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? 👕 THS MERCH: http://www.thspod.com🔗 Resources:Free Trade (Wikipedia)How Uncertainty From Trump’s Tariffs Is Rippling Through the Economy (Wall Street Journal)How scared should you be about tariffs? (VOX)Here's how Trump's tariffs could cost you and your wallet (NPR)Will Trump’s tariffs push the U.S. economy into recession? Many economists think so. (Market Watch)⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.