2 Question Tuesday – 07/09/2024 – How Will Biden’s Tariffs On Chinese Goods Affect The Economy? How Can People Pass Along Wealth Before They Die Without Incurring Taxes?

Welcome to 2 Question Tuesday. This week’s client submitted questions were:

  1. How will Biden’s tariffs on Chinese goods affect the economy?
  2. How can people pass along wealth before they die without incurring taxes?

Phil, Mike, and Larry discuss the increased tariffs President Biden placed on $18 billion in Chinese imports — including electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — and their effect on the U.S. economy and the consumer. They then talk about strategies people use to pass along wealth before they die without incurring taxes.

Submit your questions to question@2questiontuesday.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

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Host Lawrence Carrel’s books available available at Amazon.com