Donald Trump has continued to announce major tariffs with a goal to protect US companies and products. Tariff concerns are rising as people expect prices will increase for everyone involved. This worry is embodied in the recent stock market performance,

Second, the U.S. stock market recovered remarkably quickly from the tariffs imposed during the first Trump administration. Specifically, while the S&P 500 declined 19.8% over a three-month period between September and December 2018, the index had already recouped its losses and reached a new high by May 2019.