After President Donald Trump announced far-reaching tariffs last week, the stock markets immediately reacted, taking the biggest plunge since 2020. Host Colby Itkowitz speaks with personal finance columnist Michelle Singletary about how to weather the economic storm, from whether to pause on big purchases like cars to how to handle your retirement savings.

Today’s show was produced by Emma Talkoff, with help from Ariel Plotnick. It was edited by Reena Flores and mixed by Sean Carter. Thanks also to Rivan Stinson.

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