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There are always multiple forces at work in the market, but right now, almost all of them are taking a back seat to tariffs."
Chris Larkin, managing director of trading and investing at E*Trade, told the Associated Press
In the first Trump administration, there was this widespread belief that downturns in the stock market that came from federal policies would encourage President Trump to reconsider those policies. That's a change we're seeing because even with the recent downturn in markets, President Trump has continued on his pace of adding new tariffs, defending the tariffs, layering them one on top of each other."
Ryan Monarch, a professor of economics at Syracuse University, previously toldNewsweekAs U.S. assistance fades, countries like Germany have already announced significant boosts in defense budgets. The shift toward nationalism in the U.S. has also pushed other nations to ramp up their spending, no longer viewing the U.S. as a reliable partner,
he addedFor investors, the key is staying diversified and not making moves based on perception. Sometimes, there's nothing wrong with sitting in money markets or 4 percent-plus-yielding treasuries while the dust settles,
he saidStick to your long-term vision. Markets climb a wall of worry, but historically, they reward patience. Stay diversified and avoid investing money you need in the short term,
he said
It's tough to make the argument that you should retire if your retirement accounts are getting throttled, which is what is happening right now."
Talking about the Trump administration's efforts to get thousands of federal workers to retire voluntarily, Doocy saidWhat is your message, President Trump, buying a new car while there are some folks who will see this clip at home and they are struggling with their retirement accounts, down at the moment, uncertainty about work ahead,
Doocy said during an event at the White House promoting Elon Musk's carsAnd we also expect the White House to try to reassure folks who are sitting there looking at their 401(k)s going down and down and down,
Doocy saidUncertainty is the driver around the market's recent selloff. There are growing concerns about potential economic weakness, due in part to tariff impacts."
Rob Haworth, a senior investment strategy director with U.S. Bank Asset Management, in a statementPresident Trump, of course, has great job security. He never needs to run for reelection again,
Doocy saidFor longer-term investors, it's important to remember: scary headlines and volatility happen every single year. And the truth is, 2025 is not any different."
Ryan Detrick, chief market strategist at financial services firm Carson Group, told USA TodayBut these CEOs who are coming to town, including from IBM, HP, and Qualcomm, they all need to go back to their boards and to their shareholders to explain what exactly is going to happen,
he addedTrump's reckless, haphazard approach to tariffs is killing the dream economy he inherited. The tariffs would cost families thousands of dollars if enacted, offsetting any tax cut from the 2017 tax law for the bottom 40 percent of Americans."
Brendan Duke, senior director for Federal Budget Policy at the Center on Budget and Policy Priorities, in a statement shared with NewsweekIt’s hard to want a recession, but I think that’s the only way tariffs would not be inflationary,
said The Liscio Report’s Philippa Dunne
This is what’s required in my mind to start the process of repairing and restoring the American economy,
Johnson saidThe reality is Trump has attached himself to tariffs. He has pushed to the forefront that tariffs increase prices. The cake is baked unless the tariffs go away,
said LincicomeTariffs are a tax cut for the American people,
she said during a press briefing,For anyone who voted for Donald Trump on his promise to lower prices, it’s going to be a shock and potentially infuriating that prices haven’t gone down – and instead, they’ve gone up,
said Scott Lincicome, vice president of general economics at the Cato Institute’s Stiefel Trade Policy CenterThe president is in a tight spot, and every tariff (or threatened tariff) makes his position more difficult,
said Simon Johnson, professor of global economics and management at MITThe just announced tariffs on Canadian steel and aluminum are the worst trade policy yet. Increasing the price of key inputs for the US manufacturing industries–who employ 10 million people–is what a U.S. adversary would do,
Summers posted on X Tuesday