The imposition of new tariffs by Donald Trump has sent ripples through financial markets, causing a decline in both stock markets and bond yields.

After several years of consistent mortgage rate increases and soaring home prices, the prognosis for the 2025 housing market seemed promising at the start of the the year. However, recent economic and political instability has cratered consumer confidence and homebuyer optimism.

At Taylor's Market in Sacramento's Land Park neighborhood, they could be taking a direct hit from these tariffs because 50% of the food they sell is imported.