Here are all the ways Trump’s tariffs could hit stocks, according to Goldman Sachs - MarketWatch

1. Trump's new tariffs could reduce S&P 500 EPS by 2-3%. 2. Higher tariffs may squeeze profit margins and increase economic policy uncertainty. 3. Market response suggests a potential 5% downside on S&P 500 fair value. 4. Investor anxiety may lower S&P 500's forward P/E multiple by 3%. 5. Companies like GM and Ford are already feeling pressure from these tariffs.