Financial markets are reeling after President Trump’s sweeping tariff announcement rocked the global economy. With the S&P 500 down over 4% and international markets following suit, Americans are bracing for impact.
The new tariffs — 34% on Chinese goods, 20% on EU products, 24% on Japanese imports, and more — far exceed expectations and are likely to raise everyday prices.
While experts debate the long-term effects, most Americans face a more urgent question: How can I protect my finances?
Pro Tip: If you’ve got more than $100,000 in savings, now is the time to get some advice from a pro. SmartAsset offers a free service that matches you to a vetted, fiduciary advisor in less than 5 minutes.
1. Strengthen your emergency fund
