Hey kids, did you know that something called tariffs can affect even banks? Tariffs are like extra taxes on things from other countries. President Trump put tariffs on goods from Canada, Mexico, and China, and this caused some problems!
- Bank stocks went down because people are worried about less money being spent.
- Tariffs make things more expensive, so people might buy less.
- If people buy less, banks might make less money from loans and credit cards.
| Bank | Stock Price Change |
|---|---|
| Bank of America | Down 6% |
| Goldman Sachs | Down 5% |
| SoFi | Down over 6.5% |
Experts aren't sure how long this will last. It's important to remember that this is just news, not financial advice!
