Fears of a global recession were ignited this week on the heels of President Donald Trump’s new tariff policy. The market took another beating on Friday but CNBC Financial Advisor Council members say maintaining a consistent investment strategy is key.

Shares of U.S. banks were sharply lower on Thursday as Wall Street reacted to President Donald Trump’s announcement of sweeping tariffs that economists warn could stunt economic growth and reignite inflation.

The report branded the tariffs as a “functional tax increase” on US household and business purchases of imported goods.

Trump's tariff increase could cost U.S. households $700 billion, the largest de facto tax hike since LBJ needed to finance the war in Vietnam.

A global recession is more likely to happen than not this year, thanks to Wednesday's tariff broadside from the U.S. That's the opinion of JPMorgan analysts who raised their forecast to 60% Thursday.

President Donald Trumps sweeping new tariffs on imports threaten to disrupt global trade and push the US economy into recession. With rising inflation and potential retaliatory measures from major trading partners like China and the EU,

On "Forbes Newsroom," Rep. Jason Crow (D-CO) warned that President Trump's "Liberation Day" tariffs might lead to a recession, weighed in the Signal leak scandal rocking the Trump Administration.

Brokerages HSBC, Deutsche Bank and BofA warned on Thursday that the U.S. economy faces a higher risk of slipping into a recession this year if President Donald Trump's sweeping new levies remain in place.

Most media and entertainment companies aren't directly affected by Trump's new tariffs plan but could suffer from a resulting recession, experts say.