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Tariffs could cost the average American household $3,800 per year. Here’s how to save for it

Tariffs present a dual challenge: managing higher prices on everyday purchases while optimizing your savings in a changing interest rate environment.

The new line of iPhone 13′ s are displayed at the Fifth Avenue Apple Store during the launch of the phones on Sept. 24, 2021 in New York City. (Spencer Platt/Getty Images North America/TNS)
The new line of iPhone 13′ s are displayed at the Fifth Avenue Apple Store during the launch of the phones on Sept. 24, 2021 in New York City. (Spencer Platt/Getty Images North America/TNS)
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Tariffs typically cause prices to rise as companies pass these additional costs to consumers.

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