President Trump’s policies have shaken the markets. Protect yourself first, and, only then, take advantage of investment bargains, our columnist says.

Uncertainty has defined financial markets this year. It’s not going away because the source of the problem is the Trump administration.

Tariffs are the main financial issue. President Trump has sometimes backpedaled when the markets have plunged. But he and other members of his administration have made it clear that higher tariffs of some sort are here, even though they are unpopular and most economists say they are a mistake. The risk of higher inflation and slower economic growth, along with strained relations with China and with many erstwhile allies, now appears to be a fact of life.

Mr. Trump says he is at heart “a tariff man” and wants to change the world. It’s wise to believe him. In fact, I think it’s time to accept that disruption is here to

Keep reading this article on The New York Times Your Money.