President Donald Trump's tariffs are predicted to impact stocks and the economy. According to finance professor Peter Ricchiuti, tariffs are not favorable as they can harm the stock market and overall economic growth. This could result in disappointment for individuals, especially baby boomers, when they review their IRA statements. The recent decline in the S&P 500 and Nasdaq Composite, influenced by factors such as Trump's tariffs, has caused concern among investors. Tariffs increase costs for companies and consumers, leading to uncertainty that may hinder hiring and spending, ultimately affecting stock prices. Ricchiuti emphasized that tariffs are counterproductive and can trigger negative repercussions in terms of trade and prosperity.