How tariffs affect your business determines whether you absorb higher costs, raise prices, or lose margin. Many entrepreneurs think tariffs only impact foreign countries, but in reality they change supply chains, taxes, and investment returns inside the United States.
In this episode, Tom Wheelwright—Robert Kiyosaki’s CPA—speaks with finance and economics expert Josh Phair, CEO of Scottsdale Mint, a global precious metals manufacturer operating across more than 40 countries. Phair explains what tariffs actually are, what they are not, and why they function as a hidden tax embedded into the economy.
You will learn:
- Why tariffs directly influence business expenses and profitability
- How tariffs affect investors, commodities, and precious metals markets
- The connection between trade policy and tax planning strategies
- How supply chain changes ripple into pricing and inflation
- Practical ways entrepreneurs can prepare for economic disruption
Wheelwright and Phair also discuss why many financial systems rely on misunderstood incentives and how policy shifts often create both risk and opportunity. Business owners and investors who understand tariffs can reposition their operations, protect margins, and make smarter asset allocation decisions before the next economic shock.
👉 https://bit.ly/41d3Kmy 👈 CLICK HERE Ready to change your financial future? Join Tom Wheelwright, Robert Kiyosaki’s CPA, and apply to the WealthAbility Accelerator today!
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/
00:00 – Intro.
04:00 – What is a free port?
10:18 – Tariffs: What is the End Game?
14:48 – Cause & Effect: Supply & Demand or Price Issue
19:12 – Possible Inflation Reduction
23:09 – Anticipate a Stimulus or Crisis?
27:44 – Wake Up Call: BRICS & How Globalization is Over
33:00 – CRITICAL Tips on How to Prepare!!!
Looking for more on Josh Phair?
Website: https://www.scottsdalemint.com/
Facebook: https://www.facebook.com/scottsdalesilver/
Instagram: https://www.instagram.com/scottsdalemint/
Twitter: https://twitter.com/scottsdalemint
TikTok: https://www.scottsdalemint.com/#
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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
