Recent stock market swings have rattled investors. What do they mean for consumers who may not have money tied up in stocks?

The fallout continues after President Donald Trump's unveiling of severe tariffs against virtually all U.S. trading partners. On Sunday, ABC's "This Week" anchor George Stephanopoulos pressed White House National Economic Council Director Kevin Hassett about Trump reposting a video that said he was tanking the markets to force the Fed to lower interest rates.

President Trump has vehemently defended the sweeping tariffs unveiled by his administration on what he dubbed "Liberation Day" last week, even as they threaten to spark a global trade war and have sent stock markets tumbling around the world.