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The Trade War Is Stealing Your Lunch Money — Here's Why (Explained Like We're 12)
The term 'trade war' seems more pervasive these days — on everything from TV pundits to TikTok experts. Oh, and that one uncle who always has an opinion? He's chiming in with his take, too. Yet for all the 'shots fired in the trade war' headlines you've seen, you might still not know what a trade war really is — or if your wallet could end up as collateral. Read More: Find Out: If you want a simple explanation, you could always turn to ChatGPT. That's exactly what I did on your behalf–only I wanted an easy-to-understand, jargon-free approach. So I asked ChatGPT to explain trade wars and their impact on my wallet, like I was 12 years old. As always, you'll want to fact-check — since ChatGPT is far from perfect — but it gave me a solid baseline of information to guide my own research. A Definition Even a Kid Could Understand When asked what constitutes a trade war, ChatGPT gave me a succinct answer. In essence, a trade war involves countries fighting by charging each other extra money — in this case, tariffs — for the goods they buy and sell to one another. To double-check this response, I hopped on ye olde internet and visited the website for international publication Deutsche Welle, where I found an article about a potential trade war between the U.S. and China. In that article, writer Arthur Sullivan described a trade war simply: 'A trade war is an economic conflict in which countries implement and increase tariffs and other nontariff barriers against each other,' he wrote. 'It typically arises from extreme economic protectionism and usually features so-called tit-for-tat measures, where each side increases tariffs in response to each other.' So far, so good in terms of accuracy. Discover Next: How the Trade War Stole My Lunch Money Sullivan's article broke down the trade beef between the U.S. and China, but I wanted a much simpler example. Treating me like a 12-year-old, ChatGPT brought me back to the schoolyard. It asked me to imagine myself and another student trading lunch items. I gave him $2 to buy his cookie (I'm a sucker for a good peanut butter cookie, it's true), and he gave me $3 for my juice box. Initially, we're both happy. We feel the arrangement is fair. But one day, I realized his cookies were a little stale. I decided he'd have to pay an extra dollar for my juice box. That, ChatGPT explained, is like a tariff — because I asked for extra money just to make the trade. Infuriated, my classmate told me I'd now have to pay an extra $1.50 for his cookie. 'Now you're both just charging each other more for the same stuff,' ChatGPT said. 'That's a trade war.' How It Hits My Wallet ChatGPT explained that the impact of this lunchbox battle will show up in my piggy bank at home. I'm basically paying more for the same cookie — or, if my allowance doesn't cover it, I can't afford the cookie at all. But my money woes don't stop there. According to ChatGPT, my lunch could get smaller because I'm spending more on fewer things, and I'm saving less overall — which might mean no more candy after school. On top of that, my classmate and I are annoyed with each other, and we might stop trading altogether. ChatGPT knows I'm curious about the real-world implications of an actual trade war, and it offers this summary: 'Countries are like you and the other kid. When they get in a trade war, you (and your parents) end up paying more for stuff like food, clothes, phones — even toys.' Bottom Line: Trade Wars Are Far From Child's Play As ChatGPT puts it: 'A trade war is when countries fight over money and trading, and it makes your lunch cost more … even if you didn't start the fight.' More From GOBankingRates Warren Buffett: 10 Things Poor People Waste Money On This article originally appeared on The Trade War Is Stealing Your Lunch Money — Here's Why (Explained Like We're 12) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Williams Companies (WMB) Earnings Outlook Revised by Stifel, Buy Rating Stays Intact
The Williams Companies, Inc. (NYSE:WMB) ranks among the . On July 16, Stifel maintained its $63 price target for The Williams Companies, Inc. (NYSE:WMB) and reaffirmed its Buy rating on the natural gas infrastructure provider. The firm revised its Williams Companies financial predictions, which mostly affected projections for the second quarter of 2025. These adjustments impact the company's West and Exploration & Production (E&P) the most. According to Stifel, its model changes take into consideration cost and commodity benefits that were achieved in the first quarter of 2025 but are unlikely to persist into the second quarter. These quarterly modifications do not affect Stifel's 2026 projections for The Williams Companies, Inc. (NYSE:WMB), which the firm states are 'essentially unchanged.' The Williams Companies, Inc. (NYSE:WMB) is an American energy company that specializes in natural gas processing and transportation. The company also has some petroleum and electricity generation assets. While we acknowledge the potential of WMB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Jim Cramer on Chipotle: 'It's Just Gotten A Lot More Expensive'
Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer shared his views on. Cramer discussed the stock in detail during the episode, as he said: 'Everything's changed since COVID, but we just keep acting like it hasn't. We always seem surprised when we hear that higher prices are hurting demand and a company isn't doing that well. That's how I felt about the plummeting price of Chipotle stock. I was checking it out after talking with Brian Niccol, the current CEO of Starbucks, who came over from Chipotle about a year ago. When Brian left, the stock was at 56. The S&P 500 was at 5,648. Now the stock's at 43 and change. Well, the S&P's at 6,362. Well, what's happened here? It's not the in-store experience. Chipotle's the same place it was always. It's just gotten a lot more expensive… Susan Law Cain / Chipotle (NYSE:CMG) operates fast-casual restaurants serving customizable Mexican-inspired meals, including burritos, bowls, tacos, and salads. While we acknowledge the potential of CMG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
