On April 2nd, President Donald Trump announced that he was going to enact tariffs. The news of this almost instantly affected the stock market, causing an immediate downturn and loss. Some CHS students who like to invest were more directly affected.
“I’ve already made some profit,” senior Josh Levine said. “So it wouldn’t matter if it drops again.”
Due to the fluctuating market, some people were able to buy a large quantity of stocks when they were down, and when the market went back up, they were able to sell them for profit. This is what many people did, including Levine.
“There’s always a chance for something crazy to go on,” Levine said. “Especially with Trump in office, he does a lot of crazy things. You know, if you think it’s good or bad, I don’t really care.”
Many people believe that because of Trump’s erratic behavior with these tariffs that something like this is bound to happen again. And due to this, people’s investing strategies follow current events. But people like Levine see this as an opportunity for time to invest.
It seems that the fear caused by the tariffs has died down for now, though. A statement not too long ago was released that said. The tariffs would be delayed for a further 90 days. Due to this, the market has been correcting itself over the past week, and people seem less concerned with the tariffs.