This traderuggest.com article from April 2025 examines the likely effects of tariffs, taxes on imported goods, on the S&P 500, a key indicator of US economic health. It explains how tariffs can influence the stock market by increasing costs, altering trade flows, and affecting various sectors differently, referencing historical events like the US-China trade war and the Smoot-Hawley Act. The analysis considers the potential for both short-term market volatility and long-term structural shifts within the index due to tariffs. Ultimately, the piece concludes that tariffs will indeed impact the S&P 500, though the extent will depend on numerous factors, including the specifics of the policies implemented and the broader economic environment at the time.