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.
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‘Painful and rocky road’ for near-term: Personal finance expert breaks down tariff impact
Concerns are growing over how President Trump’s tariffs could impact the lives of Americans. Personal finance expert Farnoosh Torabi joins Chris Jansing with advice on how Americans can manage their wallets amid the economic uncertainty.
·United States
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Leaning Left3Leaning Right3Center2Last UpdatedBias Distribution38% Left, 38% Right
Bias Distribution
- 38% of the sources lean Left, 38% of the sources lean Right
38% Right
L 38%
C 25%
R 38%
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