US Stock Market Plummets: Get Investing Experts' Advice for Protecting Your Savings

The long-term impact of the new US tariffs implemented by President Donald Trump may be uncertain, but the short-term effects have been obvious -- stock prices in the leading US markets are crumbling. After the new tariffs were announced late Wednesday, the Dow Jones Industrial Average dropped by 1,647 points on Thursday and has fallen another 2,000 points, or nearly 5%, on Friday. "It is very difficult for businesses to plan in this chaotic tariff environment created by the Trump administration," said Robert Johnson, CEO of Economic Index Associates and professor of finance at Creighton University's Heider College of Business. Markets usually react negatively to tariffs, which are taxes on imported goods that usually drive up prices for consumers and stifle global trade. While escalating tariff threats are eroding both consumer and corporate confidence, cuts to the federal workforce are causing households to curb spending and sparking fears of a recession. "This can result in an ec ... Read full article.