Augusta, GA – Georgia’s economy is feeling the impact of the recent slew of tariffs, as financial experts warn that uncertainty, rather than the tariffs themselves, is driving market volatility. A new poll indicates that three out of four voters believe the tariffs should not remain in place for the long term, highlighting growing public concern over their economic effects.

Barry Spencer, CEO and Creator of Wealth With No Regrets, reassured retirees and seniors not to panic in the face of market fluctuations. “These rollercoaster moments are cyclical,” Spencer explained. “Tariffs come and go just like presidents. The important thing is to stay level-headed, assess your finances, and prepare for the next cycle.”

Spencer emphasized that it is not the tariffs themselves, but the uncertainty surrounding them, that has caused the most disruption in the financial markets. Historically, the S&P 500 has averaged an 8% return per year over the last 40 years, but the recent tariff situation has reduced returns by approximately 20%.

Experts also advised those with investments in retirement accounts, such as 401(k)s and IRAs, to leave their money where it is rather than withdrawing it during this volatile period. “If you’re not near retirement, it’s a good idea to continue contributing to your 401(k) or Roth IRA,” Spencer said. “Allow that money to grow and compound over 10 to 15 years, as it can be a key building block for your financial future.”

Small business owners across Georgia are particularly concerned about the tariffs. For those unable to absorb the additional costs, it’s likely that higher prices will be passed on to consumers. “Aristotle once said that if you want to understand what it’s like to be in water, don’t ask a fish,” Spencer noted. “If you’re feeling uncomfortable with the current situation, it’s vital to seek an outsider’s perspective before making any drastic decisions.”

The Georgia Chamber of Commerce warned that the state’s port cities, including Savannah and Brunswick, could face significant challenges. These cities, which serve as major hubs for cargo—particularly vehicles imported from foreign manufacturers—could see higher costs and reduced business activity as a result of the tariffs.

In addition to the transportation and manufacturing sectors, Georgia’s agriculture industry is also feeling the pressure. Economists predict that the state’s poultry and crop exports to countries like India and China will decrease, potentially hurting Georgia’s farmers. The global nature of trade means that even domestically produced goods may see price increases due to higher costs of imported raw materials.

Some companies have pointed out that even if a product is manufactured in the United States, raw materials may still come from abroad. When these materials are subject to tariffs, the final product becomes more expensive for consumers.

While the immediate impact of tariffs is clear, financial experts urge Georgians to take a long-term view of the situation. With uncertainty on the horizon, the key to weathering these economic challenges lies in careful financial planning and a calm, measured approach to market conditions.