Feb 21 • 17:41 UTC 🇸🇪 Sweden Dagens Nyheter

Experts' advice after tariff announcement: Do not make hasty decisions

After President Donald Trump's announcement of new global tariffs, economic uncertainty looms, prompting experts to advise prudence in financial decisions.

Following President Donald Trump's announcement of new global tariffs, there is significant uncertainty regarding the potential impacts on the economy. Experts are closely analyzing how these tariffs could reshape international trade relationships and financial markets. Felicia Schön, a personal finance expert from Avanza, specifically urges individual investors and savers to refrain from making hasty financial decisions in response to this announcement.

Schön emphasizes the volatility and unpredictability of economic conditions following such announcements, suggesting that those who invest based on immediate reactions may incur losses. Her insight reflects a common sentiment among economists that the long-term effects of tariff implementations often unfold over extended periods, revealing underlying trends only after substantial adjustment periods. There's a call to maintain a steady approach to personal finance, as premature reactions can lead to detrimental decisions.

As the situation develops, it remains critical for investors and consumers alike to stay informed and not succumb to panic. Instead, Schön encourages individuals to consider their financial strategies holistically, weighing the broader economic landscape and potential future developments influenced by these tariffs before taking action. This advice stresses the importance of patience and informed decision-making in unstable economic climates.

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