How can you prepare for the impacts of tariffs?

The stock market suffered massive losses on Thursday, just one day after President Donald Trump unveiled his newest set of tariffs. The S&P 500 dropped 4.8% for its worst day since the pandemic crashed the economy in 2020. The Dow Jones Industrial Average slid 1,679 points, or 4%, and the Nasdaq composite tumbled 6%. LiveNOW's Josh Breslow spoke about how you can prepare for the impacts of President Trump's tariffs with Mark Hamrick, Senior Economic Analyst and Washington Bureau Chief for Bankrate.