President Donald Trump's implementation of tariffs has led to significant stock market volatility, adversely affecting Americans' retirement savings. Despite these concerns, Trump maintains confidence in his trade policies, asserting, "I know what the hell I'm doing."
The tariffs have triggered a trade war with major U.S. trading partners, resulting in market instability and declines in retirement investments such as 401(k) accounts. Republican lawmakers, including Senators Thom Tillis and John Kennedy, have expressed apprehension about the potential electoral repercussions, particularly among retirees—a critical voting demographic