Fact
41% of revenue for the S&P 500 comes from foreign sales of those companies goods and services services. Remember tariffs are not a one way street. Those goods and services are now under threat from retaliation. This will hurt major US exporters in technology, pharmaceuticals, medical equipment, software, etc. These are industries with average pay rates above $100k a year. Good to great jobs for Americans. If we are hit on retaliatory tariffs and some of these jobs go away we are literally trading software engineer jobs for jobs making tee shirts, cheap electronics, and toys. These are not good tradeoffs.