Recently, the idea of a potential trade war between the United States and China has been trending on social media. Essentially, it started when President Trump announced higher tariffs on steel and aluminum in early March. Then, China struck back by announcing tariffs on US goods imported into their country. It's likely China, Russia, and Canada will continue with steps to place tariffs on their goods to the US, because they may be most impacted by the new tariffs floated by the US. In the video below, we talk about the basics of a "trade war" and what that means for your retirement savings. Feel free to reach out to our team if you have other questions about 401(k) savings. We're happy to help.
