I’m not an economist and don’t pretend to be, but there’s a few things we can kind of surmise just from looking at how tariffs have worked in the past. Typically, the country of a product’s origin pays some of the increased cost in reduced volume of sale and tax revenue. The producing company pays a little on increased costs and volume reduction. The consumer, us, pays the lion’s share of the cost. That’s going to have different effects in different US states based on what’s being imported and exported and in what volume, state by state.
NAR’s Economist, Nadia Evangelou, broke it down in this article. It really made understanding what’s coming, if the current trade policy remains stable over time, a bit easier. Here’s the link:
Remember, we’re all taking losses as the markets roll up and mostly down. When the market’s down, It’s scary, but look at it this way. The reduced value of the stocks you’re buying now is no different than buying groceries on sale. You’re getting the same item you bought last week at a reduced price. Over time, values tend to rise, so, if you’re still investing in your 401K or Roth, while the market’s declining, you’re feeding your future while it’s on sale. Just don’t dwell on the overall number until the market’s on the rise. 
Have Fun!
Lew McConkey, Realtor/Notary
Brook Realty, Serving Whitman Hanson & Surrounding Towns
(781)252-9789
If you have questions about your place in the current Real Estate market, as a buyer, seller or Landlord,
Please feel free to call text or email for your free, no obligation consultation.