President Donald Trump inherited a robust stock market when he began his second term in January 2025, and then watched the markets tumble when he unveiled his sweeping tariff program. By the end of the year, however, the major stock exchanges were hovering near all-time highs — partly because the tariff threats were later walked back considerably.
What potential stock market changes can we expect in the second year of Trump’s second term? Here’s a look at three key areas that could have a major impact on the stock market.
