US EditionFinancial expert weighs in on the impact of President Trump's tariffs on personal finances
- On Thursday, April 3, 2025, the stock market plunged, marking Wall Street's worst day since March 2020.
- President Trump's unveiling of broad tariffs and more aggressive tariffs than expected rocked the market, stoking recession and trade war fears.
- JPMorgan slashed price targets for Wells Fargo and Goldman Sachs, and analysts expressed caution regarding financial stocks ahead of earnings season.
- Wells Fargo shares dropped to roughly $902, and Mike Giordano stated the tariffs were more aggressive than anticipated.
- The market decline and economic uncertainty highlighted the importance of a financial safety net of stable assets for short-term goals.
14 Articles
14 Articles
From food to finances, the consumer impact of Trump tariffs
ST. LOUIS - Thursday was the stock market’s worst day in five years and the free fall continued Friday. President Trump’s tariff policy is creating chaos on wall street, but he remains confident in his plan. “It was a sick patient. It went through an operation on Liberation Day. And it's going to be — it's gonna be a booming country,” Trump said. Close Thanks for signing up! Watch for us in your inbox. Subscribe …
How could Donald Trump’s tariffs affect households and their finances?
Households could see their money affected in various ways following the US president’s announcement on tariffs. UK Foreign Secretary David Lammy has said people across the country are “very concerned” about how the move by the United States to place 10% import taxes on goods would hit their own finances. Here is a look at how households may find their finances could be affected: – What about prices in shops? Sarah Coles, head of personal finance…
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