Reciprocal tariffs will drive up the cost of most goods, making everyday life more expensive for American households. According to Fitch Ratings, the U.S. tariff rate on all imports has jumped from 2.5% in 2024 to around 22% today. Some research firms estimate the percentage is closer to 30%. As a result, more Americans may start seeking domestically made goods to save money.

While another stock market correction is disappointing, most of us expected one to happen given the lofty valuations. We’ve diversified into hard assets like real estate, which historically holds or even gains value during economic uncertainty. But no matter how much you plan and diversify, making money in a downturn is always a challenge.

However, there’s a short-term silver lining to tariffs: Wealthy Americans and big spenders just got an unexpected boost in the value of their foreign assets.

Let me explain, starting with my own experience,

Keep reading this article on Financial Samurai.