
Since President Trump entered office, tariffs have become among the most discussed topics in financial markets. April 2, which became known as “Liberation Day." President Trump unveiled massive tariffs that his administration planned to implement in many countries.
This led the S&P 500 to plummet more than 12% in two days. However, the market has roared back as Trump softened his dramatic proposals. Since hitting April lows, the S&P 500 has provided a total return of over 37% through the Oct. 24 close.