{"data":{},"content":[{"data":{},"content":[{"data":{},"marks":[],"value":"A trade war is kinda like chess. It’s all about strategy, there are pawns (imports and exports), and it can be hard to tell who’s winning. See: the game the US and China have been playing for over a year. And the new one the ","nodeType":"text"},{"data":{"uri":"https://www.washingtonpost.com/business/economy/the-united-states-can-impose-tariffs-on-75-billion-in-goods-because-european-union-gave-illegal-subsidies-to-airbus-wto-rules/2019/10/02/021edc06-e51d-11e9-b403-f738899982d2_story.html"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"US and EU","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" are flirting with.\n\nHere’s how trade wars can affect your wallet.\n\n","nodeType":"text"},{"data":{},"marks":[{"type":"bold"}],"value":"You could do a double take at the register.","nodeType":"text"},{"data":{},"marks":[],"value":" The ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/learn-the-language-econ"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"tariffs","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" (aka taxes countries add to each other’s goods) used to fight trade wars make imported stuff more expensive. Think: cars from Germany, smartphones from China...and a bunch of other not-so-obvious products. Exhibit ","nodeType":"text"},{"data":{"uri":"https://apnews.com/f8afd2ff1c41409783095052f1dcfb6b?utm_medium=APBusiness&utm_source=Twitter&utm_campaign=SocialFlow"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"Chick-Fil-A","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":": if pressure cookers from China get more expensive, experts say your spicy chicken sandwich could, too.\n\n","nodeType":"text"},{"data":{},"marks":[{"type":"bold"}],"value":"You (and the economy) might need a pep talk. ","nodeType":"text"},{"data":{},"marks":[],"value":"Consumer confidence (how people feel about the economy today and where it’s going) tends to drop during a trade war. And when shoppers are in a glass-half-empty mood, they tend to spend less. Good for savings accounts...not great for American businesses, stock prices, and the overall economy.\n\n","nodeType":"text"},{"data":{},"marks":[{"type":"bold"}],"value":"You could get a break on interest rates. ","nodeType":"text"},{"data":{},"marks":[],"value":"When there’s economic drama, all eyes turn to the Federal Reserve (America’s central bank). Because it can do things like ","nodeType":"text"},{"data":{"uri":"https://theskimm.com/money/news-to-wallet/federal-funds-rate-your-wallet"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"lower interest rates","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" to encourage people to spend more. Lower interest rates usually mean lower credit card, car loan, and mortgage rates. Silver lining.\n\n","nodeType":"text"},{"data":{},"marks":[{"type":"bold"}],"value":"theSkimm: ","nodeType":"text"},{"data":{},"marks":[],"value":"Trade wars and a thriving economy ","nodeType":"text"},{"data":{"uri":"https://www.reuters.com/article/us-imf-economy-outlook/u-s-china-tariffs-drag-global-growth-to-lowest-in-a-decade-imf-idUSKBN1WU1TO"},"content":[{"data":{},"marks":[],"value":"don’t usually go hand in hand","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":". That can cause a ripple effect on pretty much every area of your finances. Maybe even your feelings. (In which case...may we suggest browsing #puppiesofinstagram?) If higher prices start to bring down your budget, look for some easy places to ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/how-to-save-money-on-food"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"cut back","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":".\n\n","nodeType":"text"},{"data":{},"marks":[{"type":"italic"},{"type":"bold"}],"value":"Related: ","nodeType":"text"},{"data":{"uri":"https://theskimm.com/money/50-20-30-budget"},"content":[{"data":{},"marks":[{"type":"italic"}],"value":"How to ‘50/20/30’ Your Budget","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[{"type":"italic"}],"value":"\n\n","nodeType":"text"}],"nodeType":"paragraph"},{"data":{"target":{"sys":{"id":"3SAp2AhvEsr8xhCUW4ITJp","type":"Link","linkType":"Entry"}}},"content":[],"nodeType":"embedded-entry-block"},{"data":{},"content":[{"data":{},"marks":[],"value":"","nodeType":"text"}],"nodeType":"paragraph"}],"nodeType":"document"}