Understanding Tariffs in Context

If there's one word that's been on the minds of many Americans in the past few weeks, it's tariffs.

At the beginning of April, the Trump administration announced their strategy to impose tariffs on US trading partners worldwide. President Trump outlined a minimum 10% tariff on all exporters to the US, and many countries will see greater rates.

As of April 4th, 2025, these are some of the rates for various countries:

• European Union: 20% tariff
• South Korea: 25% tariff
• Taiwan: 32% tariff
• China: Will have an additional 34% in levies, bringing the overall tariff rate to 54%

Stay Educated and Informed

Financially savvy Americans know the importance of keeping up with the times. While this information represents what we know now, we will likely see further changes and announcements in the coming period.

We recommend that our clients and community members stay educated, informed, and vigilant while also remaining calm and focused. Significant changes in our foreign policy can affect our economy, our businesses, and even our personal finances. That said, individuals who make calm and strategic choices during this time tend to come out on top over those who act rashly.

Connect With Clayton Financial Group

Now is a great time to set up an appointment with your financial advisor to discuss strategies and manage your finances. Our Clayton Financial Group team is here to help. Contact us today!