Understanding Tariffs and Their Impact

What is the percentage of the new tariff being imposed on some everyday goods?

• 20%

• 15%

• 25%

• 10%

Which of the following goods from Mexico is likely to see a price increase due to tariffs?

• Lumber

• Cheese

• Smartphones

• Avocados

From which country are electronics expected to become more expensive due to tariffs?

• India

• Canada

• Mexico

• China

What is one suggested strategy to prepare for rising costs due to tariffs?

• Wait for prices to drop

• Track your expenses closely

• Buy imported goods only

• Ignore the price changes

Why is it important to be informed about tariffs and their effects?

• To avoid all imported goods

• To increase spending

• To make smarter financial decisions

• To ignore the changes