The Impact Trump's Tariffs Are Having on Your 401(k)
Tariffs impact more than inflation. Here's how they may also be affecting your retirement account.
Overview
President Donald Trump has imposed tariffs of 10% to 12.5% on 60 trading partners, building what Reuters describes as a "near-global tariff wall." A tariff is a tax on imported goods, collected from the importer at the border, and typically passed along to U.S. businesses and consumers through higher prices.
To date, Trump's tariffs have created a mixed picture for your 401(k). On one hand, they inject the market with greater short-term volatility and sector-specific risks. So far, though, tariffs have coexisted well with strong overall market gains. Here, we look at the way these tariffs are impacting your retirement account -- both positively and negatively.
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Originally published at www.fool.com.