Instead, view your investments as part of a long-term strategy that will overcome market corrections, grow and support retirement.”  What the Trump administration means for your wallet: Sign up for USA TODAY's Daily Money newsletter.

The latest on global markets after Thursday's downturn, as investors digest President Trump’s tariff plans. Follow along for live updates on how the Dow, S&P 500 and Nasdaq are reacting.

President Donald Trump is placing steep new tariffs on virtually all U.S. trading partners, stoking fears of rising prices for consumers and deepening trade wars

Britain said it believed a trade deal with the United States was close as it sought to soften the impact of U.S. President Donald Trump's sweeping tariffs which threaten an escalating global trade war that would hurt its open economy.

Trump imposed the steepest US tariffs in more than a century, stepping up his campaign to reshape global trade.

And sure enough … Despite a cacophony of complaints from around the world last night, no significant trading partner came out with immediate retaliatory measures — though China and the EU both made clear they’ll respond soon enough.

Donald Trump’s tariffs on global US imports will dent the UK government’s fragile growth ambitions and hit key manufacturing sectors, industry groups and economists have warned. The 10 per cent levy — while less than the 20 per cent faced by the EU — will weaken demand and disrupt supply chains,

These economies are deeply reliant on selling goods to the United States, and many of them were hit with especially steep taxes.