Tariffs are complicated and their impact on the market, and how they can affect our daily lives. We now have a 90 day reprieve, although the issue has not gone away. What Are Tariffs? Tariffs are taxes imposed by a government on imported goods. They are designed to protect domestic industries from foreign competition by making imported goods more expensive. When tariffs are applied, the cost of importing products increases, which can lead to higher prices for consumers. How Tariffs Affect the Market 1. Pricing and Inflation: Tariffs can lead to increased prices for goods and services. When businesses incur higher costs due to tariffs, they often pass these costs onto consumers, contributing to inflation. 2. Supply Chain Disruptions: Tariffs can disrupt supply chains, as businesses may seek alternative suppliers or materials to avoid tariff-related costs. This can lead to delays and uncertainty in production and delivery. 3. Trade Relations: Governments may impose tariffs in response to trade disputes, which can lead to retaliatory tariffs from other countries. This can escalate into trade wars that affect global markets and economies. Impact on Daily Lives 1. Higher Prices: As mentioned, consumers may face higher prices for everyday goods such as clothing, electronics, and food. This can strain household budgets, affect purchasing decisions and purchasing power. 2. Limited Choices: Tariffs can lead to fewer options in the market as some foreign products become too expensive to import. This can reduce competition and innovation. 3. Job Market Changes: While tariffs aim to protect domestic jobs, they can also lead to job losses in industries reliant on imported goods or those affected by retaliatory tariffs. In summary, while tariffs may serve to protect certain industries, they can have widespread repercussions on the economy and our daily lives. It's essential to stay informed about these changes and their potential effects. We have been experiencing extreme volatility in the market with the tariff talk. The short-term outlook is very unclear and the market likes clarity the result is volatility. It appears that the overall strategy is to bring countries to the table to negotiate and create fair trade agreements. The execution of this strategy is poor at best with the appearance that there is not a clear plan. If you have any questions or would like to discuss this or your investment portfolio, please feel free to reach out. Beth H. Genter President of Schenley Capital ehgenter@schenleycapital.com 412-445-9956 adno=371189 Beth Genter Ellie Genter Schenley Capital Inc. 417 Walnut Street, Suite 200 Sewickley, PA 15143 (412)-749-9256 schenley capital f in O Schenley Capital, Inc. does not provide legal, accounting or tax advice. Any statement regarding such matters is explanatory and may not be relied upon as definitive advice. All investors are advised to consult with their legal, accounting and tax advisers regarding any potential investment. adno=324108 Tariffs are complicated and their impact on the market , and how they can affect our daily lives . We now have a 90 day reprieve , although the issue has not gone away . What Are Tariffs ? Tariffs are taxes imposed by a government on imported goods . They are designed to protect domestic industries from foreign competition by making imported goods more expensive . When tariffs are applied , the cost of importing products increases , which can lead to higher prices for consumers . How Tariffs Affect the Market 1. Pricing and Inflation : Tariffs can lead to increased prices for goods and services . When businesses incur higher costs due to tariffs , they often pass these costs onto consumers , contributing to inflation . 2. Supply Chain Disruptions : Tariffs can disrupt supply chains , as businesses may seek alternative suppliers or materials to avoid tariff - related costs . This can lead to delays and uncertainty in production and delivery . 3. Trade Relations : Governments may impose tariffs in response to trade disputes , which can lead to retaliatory tariffs from other countries . This can escalate into trade wars that affect global markets and economies . Impact on Daily Lives 1. Higher Prices : As mentioned , consumers may face higher prices for everyday goods such as clothing , electronics , and food . This can strain household budgets , affect purchasing decisions and purchasing power . 2. Limited Choices : Tariffs can lead to fewer options in the market as some foreign products become too expensive to import . This can reduce competition and innovation . 3. Job Market Changes : While tariffs aim to protect domestic jobs , they can also lead to job losses in industries reliant on imported goods or those affected by retaliatory tariffs . In summary , while tariffs may serve to protect certain industries , they can have widespread repercussions on the economy and our daily lives . It's essential to stay informed about these changes and their potential effects . We have been experiencing extreme volatility in the market with the tariff talk . The short - term outlook is very unclear and the market likes clarity the result is volatility . It appears that the overall strategy is to bring countries to the table to negotiate and create fair trade agreements . The execution of this strategy is poor at best with the appearance that there is not a clear plan . If you have any questions or would like to discuss this or your investment portfolio , please feel free to reach out . Beth H. Genter President of Schenley Capital ehgenter@schenleycapital.com 412-445-9956 adno = 371189 Beth Genter Ellie Genter Schenley Capital Inc. 417 Walnut Street , Suite 200 Sewickley , PA 15143 ( 412 ) -749-9256 schenley capital f in O Schenley Capital , Inc. does not provide legal , accounting or tax advice . Any statement regarding such matters is explanatory and may not be relied upon as definitive advice . All investors are advised to consult with their legal , accounting and tax advisers regarding any potential investment . adno = 324108