Tariffs can cost $78 BILLION+ Per Year

Hey Moneda? Family,

Tariffs have been a part of U.S. trade policy since its founding. Their purpose has been to:?Raise revenue, Protect domestic industries and Cooperate or retaliate with other countries

But who pays for these tariffs, Americans or Foreign Companies?

Read more about it in today's David and Goliath.

Tariffs will Cost Americans

• American consumers could lose between $46 billion and $78 billion in spending power each year if new tariffs on imports to the United States are implemented, according to a new study released today by the National Retail Federation
• A universal 10-20% tariff on imports from all foreign countries and an additional 60-100% tariff on imports specifically from China
• A tariff is a tax paid by the U.S. importer, not a foreign country or the exporter

Small Business America

• Small businesses donate 250% more than large businesses to community causes.
• Small businesses generated nearly $5.9 Trillion+ in GDP since first reported in 2014 which can be higher or lower today
• Local business generates 70% more local economic activity per square foot than big box retail

CFPB Finalizes Personal Financial Data Rights Rule to Boost Competition, Protect Privacy, and Give Families More Choice in Financial Services

• The government agency responsible for consumer protection in finance has finalized long-awaited “open banking” rules that it hopes will inject more competition into a market with more than 4,000 lenders and make it easier for customers to link their bank accounts to newer apps.
• A type of service that could potentially see growth: Pay-by-bank apps such as Moneda? , which let customers buy things or cover bills directly from their checking account, rather than via a debit card or paper check.
• $224 Billion+ in Credit and Debit Card Fees aka Swipe Fees is what America's Small Businesses and Families paid in 2023 according to the Merchants Payments Coalition

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