4 Apr, 2025 Illustration of a balance scale with a U.S. flag and factory on one side and overdue bills and credit cards on the other, symbolizing the impact of tariffs on household debt

President Trump’s new tariff policy may aim to protect American industry, but it could come at a steep cost to consumers. This article explores the historical and modern consequences of tariffs—rising household expenses, job losses, and increased debt—and what individuals can do to protect their financial health in a shifting economic landscape.

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