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5 ways to tariff-proof your finances

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Tariffs are taxes imposed by the government on imported goods.

They’re usually charged as a percentage of the item's value and are paid by the importer.

There’s no way to predict how high tariffs will get and how deeply they will impact your personal finances.

There are still steps you can take to prepare yourself and your wallet for potential impacts.

They can help you come up with a tailored plan to pay off debt, meet your savings goals.

“Regardless of whether tariffs are implemented, your goals are still your goals,” Schulz said.

For instance, you still need to invest in your retirement.