Trump Tariffs Spark Market Turmoil: A Moment of Reckoning?

Trump Tariffs Spark Market Turmoil: A Moment of Reckoning?

Did you catch it? The stock market went from green to red right after White House Press Secretary Caroline Levitt dropped a bombshell announcement: starting February 1st, the Trump administration would impose severe tariffs on our top trading partners: Mexico, Canada, and China. 25% on Mexico, 25% on Canada, and 10% on China.

And just like that—boom—the Dow turned negative. Why? The tariffs hit some of the biggest names on Wall Street, like Goldman Sachs and Home Depot. Apple and Nvidia, two of the S&P 500’s heavy hitters, also took a dive.

While this may be a knee-jerk reaction, tariffs have a real impact: they raise the price of goods, leaving you with less to spend elsewhere.

This week? It’s been a wild ride: AI-fueled sell-offs, the Fed’s interest rate press conference, and massive tech earnings announcements. The market’s been all over the place—and don’t expect it to settle anytime soon, especially with Trump’s tariff threats hanging over us.

Don’t panic though—the market’s still up almost 3% this year and 24% over the last year. But brace for impact, because these tariff talks? They're only getting started. Stay tuned.