How to protect your life savings from the tariff fiasco

The Smoot-Hawley Act of 1930 provides a precedent on the impact of tariffs. Can looking at history also help you protect your investments?

If the tariff-triggered drop in your 401(k) balance has got you sobbing into a pint of Ben & Jerry’s, you’re not alone. U.S. and global markets have yo-yoed in reaction to the current administration’s inexplicable tariff wars. And since this market downturn is a direct result of American foreign economic policy, we may not be able to just wait for a recovery in the next few months (or years).