Uploaded August 2025 | Updated September 2026, 1 week ago
Are you paying a tax you never voted for? Everyday Americans are being hit with a hidden tax that raises the cost of food, gas, clothes, and cars — and most don’t even realize it.
That hidden tax is tariffs. Politicians sell them as “punishing foreign countries,” but the truth is you’re the one paying the price. With President Trump’s new tariffs rolling out in 2025, families are already feeling it in their wallets.
In this video, you’ll learn:
- What tariffs really are and why economists call them a hidden tax
- How Trump’s 2025 tariffs could spark inflation and weaken the dollar
- The forgotten history of Smoot-Hawley (and its lessons for today)
- Who really pays tariffs — and why it always comes back to American consumers
This isn’t about politics. It’s about the truth of how tariffs work, and why they matter for your money, your savings, and the future of the U.S. economy.
👉 Do you think tariffs are worth the price Americans are paying?
Share your thoughts in the comments below.
💜 Enjoy my work? Support me on Patreon!
patreon.com/noellorenzana
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/8a7BiyoB6DQ
youtu.be/m0DdAHEjxf8
youtu.be/7iTERSXM8fo
Thanks for watching my video on, "The Hidden Tax You Didn’t Vote For."
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - Tariffs: The Hidden Tax You Didn’t Vote For
01:17 - The Context and Stakes: President Trump's Tariffs 2025
02:18 - Tariffs and Inflation: The Biggest Hidden Tax Increase
03:10 - The Hidden Tax Hits Home: How Tariffs Work?
04:15 - Tariffs Are Taxes: Who Pays The Price?
04:58 - When You Tax Yourself, The World Reacts
06:05 - The Smoot-Hawley Tariff Act of 1930
06:40 - Tariffs: The Dollar at Risk And The Economic Fallout
08:35 - Power Without a Vote
09:52 - What Were The Smoot-Hawley Tariffs?
10:23 - Who Actually Pays The Tariffs?
Replay Video Link: youtu.be/kWxhYUAPWPg
#trumptariffs #tariffs #tariffsexplained #taxes #usinflation
Are you paying a tax you never voted for? Everyday Americans are being hit with a hidden tax that raises the cost of food, gas, clothes, and cars — and most don’t even realize it.
That hidden tax is tariffs. Politicians sell them as “punishing foreign countries,” but the truth is you’re the one paying the price. With President Trump’s new tariffs rolling out in 2025, families are already feeling it in their wallets.
In this video, you’ll learn:
- What tariffs really are and why economists call them a hidden tax
- How Trump’s 2025 tariffs could spark inflation and weaken the dollar
- The forgotten history of Smoot-Hawley (and its lessons for today)
- Who really pays tariffs — and why it always comes back to American consumers
This isn’t about politics. It’s about the truth of how tariffs work, and why they matter for your money, your savings, and the future of the U.S. economy.
👉 Do you think tariffs are worth the price Americans are paying?
Share your thoughts in the comments below.
💜 Enjoy my work? Support me on Patreon!
patreon.com/noellorenzana
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/8a7BiyoB6DQ
youtu.be/m0DdAHEjxf8
youtu.be/7iTERSXM8fo
Thanks for watching my video on, "The Hidden Tax You Didn’t Vote For."
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - Tariffs: The Hidden Tax You Didn’t Vote For
01:17 - The Context and Stakes: President Trump's Tariffs 2025
02:18 - Tariffs and Inflation: The Biggest Hidden Tax Increase
03:10 - The Hidden Tax Hits Home: How Tariffs Work?
04:15 - Tariffs Are Taxes: Who Pays The Price?
04:58 - When You Tax Yourself, The World Reacts
06:05 - The Smoot-Hawley Tariff Act of 1930
06:40 - Tariffs: The Dollar at Risk And The Economic Fallout
08:35 - Power Without a Vote
09:52 - What Were The Smoot-Hawley Tariffs?
10:23 - Who Actually Pays The Tariffs?
Replay Video Link: youtu.be/kWxhYUAPWPg
#trumptariffs #tariffs #tariffsexplained #taxes #usinflation
