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Concerned About Tariff Impacts On Your 401(k)? Philadelphia-Based Financial Adviser Has These Tips
Wall Street is also reacting to the news. Stocks racked up more losses Tuesday, with the Dow, Nasdaq and S&P 500 all down at closing.
March 5, 2025
Americans are watching their wallets to see what happens with President Trump's newly-instituted tariffs and relations from U.S. trading partners. A 25% tariff has been imposed on all goods imported from Canada and Mexico. Trump imposed an additional 10% tariff on Chinese goods, bringing that country's rate to 20%.
Find out what's happening in Philadelphiafor free with the latest updates from Patch.
Experts say how much it hurts and when consumers feel the impact depends on how long the tariffs last, and the production cycle of the product.
Wall Street is also reacting to the news. Stocks racked up more losses Tuesday, with the Dow, Nasdaq and S&P 500 all down at closing. Some are also wondering how the tariffs could impact their portfolios and 401(k).
Find out what's happening in Philadelphiafor free with the latest updates from Patch.
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