Donald Trump is back in the White House, and his plan is unfolding exactly as intended. If your retirement account has taken a massive hit, if you’re watching your 401(k) shrink before your eyes, understand this: Trump did this to you.
His administration just unleashed a wave of massive tariffs, slapping a 10% tax on all imports and targeting major trading partners with even higher rates—34% on China, 46% on Vietnam, 24% on Japan, and 20% on the EU. He also hit vehicle imports with a 25% tax. The markets reacted immediately, wiping out $4 trillion in value overnight. The Dow dropped 1,520 points, the S&P 500 fell 4%, and the Russell 2000, which tracks small businesses, is in a bear market.
For retirees, this is a disaster. The savings you spent decades building are vanishing, and Trump is celebrating. This is his plan. He’s helping the ultra-rich and gutting the rest of America in the process. Higher tariffs mean higher costs for businesses, higher prices for consumers, and less economic growth. Financial analysts warn that retirees relying on their 401(k)s and IRAs will struggle to recover from these losses.
Trump claims these tariffs will “strengthen” the U.S., but experts say they will cripple economic growth, spike unemployment, and add up to $1,350 in extra costs per household. Companies are cutting back, businesses are freezing investments, and inflation is set to rise. The economy is on the brink, and it’s all by design.
Trump and his wealthy friends aren’t worried. Their fortunes are secured. You? You’re the one paying for it.
