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The Clark Howard Podcast

10.10.19 How tariffs are playing out; Watch out for crafty MLM's; What if your luggage gets damaged?

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.65.2K Ratings

🗓️ 10 October 2019

⏱️ 35 minutes

🧾️ Download transcript

Summary

New tariffs will protect Boeing and hurt Airbus. The new tariffs could also mean higher prices on food and drink.  AdvoCare has been fined $150 million for running a multi-level marketing scheme. The FTC has called it a pyramid scheme which means that AdvoCare pressures sellers to bring in new distributors. The emphasis is less on selling products and more on recruiting new people. Don't sign up for an MLM. 99% of people lose money. Clark discusses how to protect yourself if your luggage winds up missing or damaged while traveling. Stick up for yourself and push for a solution! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I'm so glad you're with us here on the Clark Howard show where it's all about you and

0:11.0

your wallet.

0:12.0

I want you to learn ideas to me so you can save more and spend less and don't let anyone

0:17.0

ever rip you off.

0:19.0

Speaking of which, coming up in just a few minutes in today's Clark Regist moment,

0:24.5

huh man, multi-level marketing.

0:27.3

How do you know when one is legit?

0:29.9

And when you're just having your wallet cleaned out, I'm going to give you an example,

0:35.0

try to get you on the right path when you're interested in doing a multi-level.

0:40.2

And coming up yet later, when you have a problem with an airline, how in the world do

0:46.4

you file a claim and actually get them to pay?

0:50.6

Not easy, I want to talk you through what you need to do if you are traveling this Thanksgiving

0:57.5

or Christmas.

1:00.0

So we have a trade spack going on with Europe and there are a number of items that we

1:10.6

have just slapped 25% tariffs on them, which are basically taxes that you and I pay as consumers.

1:19.5

And these new taxes are coming in just a week and these new taxes will raise the cost

1:31.7

of wines from Europe, most wines 25%, cheeses from Europe 25%, and a variety of other items

1:43.2

will go up 25%.

1:45.2

A lot of people love butter from Ireland, but we're punishing the Irish with a 25% tax

1:54.1

for you buying butter from Ireland.

1:57.2

There's a long list of items.

2:00.6

And if you've listened to me for any period of time, you know I hate trade wars, I hate

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