food for thought, if you're thinking about hanging on to some of your retirement money,lol.
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msn.com - Trump tariffs would hit these stock market sectors the hardest

"Analysts at Barclays estimate that a scenario where a Trump administration imposes 10% tariffs on all imports, and a 60% tax on those coming from China, would reduce S&P 500 earnings per share by 3.2% in 2025, with another 1.5% hit after U.S. trading partners implement retaliatory tariffs of their own"

"While the new proposed tariffs would have a modest direct negative effect on corporate earnings if implemented, the second-order effects from higher cost inflation would be an incremental headwind to corporate earnings and cause further harm"

"He still sees some evidence of markets pricing the chance of not only tariffs, but a massive deportation operation that could hammer the U.S. labor market, in the recent modest run-up in 10-year Treasury yields as well as a rising dollar index which may hint at larger market moves down the line."