Summary

Trump’s new tariffs, unveiled on “Liberation Day,” have ignited economic fears among soon-to-be retirees, who worry about stock losses, Social Security stability, and inflation.

Experts warn that higher tariffs—like a 25% levy on auto imports—could worsen market volatility and trigger stagflation.

Goldman Sachs projects further S&P 500 declines, while Yardeni Research raised recession odds. Financial advisers urge retirees to keep diverse portfolios with 30–50% equities.