The recent 10% baseline tariff introduced by former President Donald Trump on products imported from all countries has caused significant disruptions in global financial markets. Fintech companies such as Robinhood and Affirm now find themselves under pressure, grappling with potential risks surrounding the deteriorating financial well-being of consumers. This complex situation highlights the far-reaching implications of economic policies on fintech businesses and the broader market. 

In recent months, actions taken by US President Donald Trump regarding the increase in import tariffs have led to significant changes in the global market. Leaders of major companies, such as Swedish retailer H&M, have stated that consumers in the United States may face rising prices. This is anticipated due to the introduction of new tariffs and adjustments in supply chains.