Here’s why Donald Trump’s tariff threats are affecting the stock market — should you change your investing strategy?
President Donald Trump made clear throughout his election campaign that tariffs were going to be a key part of his economic plan. Historically, the U.S. has kept tariffs low on imported goods compared to other countries. But Trump views them as a key source of tax revenue and incentive to increase U.S. manufacturing and protect American jobs.
Tariffs, however, are taxes charged on imported goods paid for by the companies that bring them into the country, and typically equal a percentage of the items’ value. This added cost is often passed on to the consumer, experts say. And it can take…
