Rubio says millions of US jobs lost to cheap goods as Trump’s tariff fix threatens retirement savings

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โดย Moneywise·US·Read original
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Secretary of State Marco Rubio said the pursuit of cheap imported goods deindustrialized America and cost millions of jobs, while President Trump’s tariff-driven rebalancing could raise prices and threaten retirement savings. Rubio argued that after the Cold War, policymakers prioritized lower consumer prices over domestic production, shifting factories and supply chains overseas. Trump is now using tariffs to bring manufacturing back, but research from the Federal Reserve Bank of New York found nearly 90% of tariff costs fall on US firms and consumers, and the Joint Economic Committee estimated tariffs cost the average American family more than $1,700 from February 2025 through January 2026. Persistent inflation from such policies can erode retirement savings and create market volatility. Gold is considered the ultimate safe haven, and one way to invest in gold that can also provide significant tax advantages is to open a gold IRA with the help of Goldco.

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