Trump's Tariffs Take Effect: What Should You Do With Your Investments Right Now?
The Trump administration implemented 25% tariffs against Canada and Mexico on March 4, as well as an additional 10% tariff on goods from China -- bringing the total tariff on Chinese-made goods to 20%. The countries swifly issued retaliatory tariffs on U.S. imports, escalating tension between the countries and rattling the stock market.Major indexes dropped sharply after the tariffs took effect, with the S&P 500 (SNPINDEX: ^GSPC) falling by 2.96% since Monday, as of this writing. The Nasdaq (NASDAQINDEX: ^IXIC) dipped by around 2.98% in that time, while the Dow Jones Industrial Average (DJINDICES: ^DJI) slipped by 3.01%.If you're feeling nervous about the future of the market, you're not alone. Here's how the tariffs could affect the economy, plus a game plan for protecting your investments going forward.Continue reading
The Trump administration implemented 25% tariffs against Canada and Mexico on March 4, as well as an additional 10% tariff on goods from China -- bringing the total tariff on Chinese-made goods to 20%. The countries swifly issued retaliatory tariffs on U.S. imports, escalating tension between the countries and rattling the stock market.
Major indexes dropped sharply after the tariffs took effect, with the S&P 500 (SNPINDEX: ^GSPC) falling by 2.96% since Monday, as of this writing. The Nasdaq (NASDAQINDEX: ^IXIC) dipped by around 2.98% in that time, while the Dow Jones Industrial Average (DJINDICES: ^DJI) slipped by 3.01%.
If you're feeling nervous about the future of the market, you're not alone. Here's how the tariffs could affect the economy, plus a game plan for protecting your investments going forward.
