For decades, our interconnected global economy has enabled Americans to access everyday household goods, clothing, and everything modern life could offer at reasonably low prices. But this week, after negotiations, delays, and uncertainty, Donald Trump’s tariffs finally took effect. Ali Velshi brings back our fictional average working mother, Betty, along with Investopedia’s Caleb Silver, to the show to demonstrate how these price hikes are going to affect our lives.

As of now, most imported goods are subject to a 10 percent baseline tariff, with an average rate of 17 percent, the highest tariffs we have seen since the Great Depression. At the moment, many retailers are struggling to avoid raising prices, but there’s no avoiding it now.

Maybe you can forgo the rising costs of whiskey a

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