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Is Your 401(k) Affected by Trump's Tariffs? Here's What to Know and What You Should Do


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  T he U.S. and global stock markets have been hit hard since President Donald Trump announced his latest tariffs on April 2. The so-called "Liberation Day" saw the introduction of blanket 10% tariffs on all imported goods, and additional import taxes placed on 60 other countries.

The article from MSN discusses the potential impact of former President Donald Trump's tariffs on 401(k) retirement accounts. It explains that tariffs, which are taxes on imported goods, can affect the stock market and, consequently, the value of 401(k) investments. The article notes that while tariffs might lead to higher costs for businesses, potentially reducing their profits and stock prices, the overall impact on 401(k) accounts can vary depending on individual investment portfolios. It also mentions that some sectors might benefit from tariffs, while others could suffer, leading to a mixed effect on the market. The piece advises investors to stay informed about economic policies and consider diversifying their investments to mitigate potential negative impacts from tariffs.

Read the Full TIME Article at:
[ https://www.msn.com/en-us/money/other/is-your-401-k-affected-by-trump-s-tariffs-what-to-know/ar-AA1CmuDb ]

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