Trump's tariffs negatively affected auto and semiconductor industries, but boosted food, beverage, tobacco, and telecommunications.

From Investing.com: 2025-04-08 17:54:00

President Trump’s announcement of higher tariffs sparked market turmoil, pushing U.S. equities into a bear market. Auto and semiconductor industries suffered significant losses due to reliance on imported parts impacted by tariffs. However, food, beverage, tobacco, and telecommunications sectors saw gains, thanks to essential goods and domestic production. Consumer staples, healthcare, utilities, and real estate are potential winners in a downturn due to their resilience. Conversely, consumer discretionary, technology, energy, materials, and financial services are likely to struggle. As the market recovers, sectors hit by tariffs may see improved outlooks as negotiations progress.



Read more at Investing.com: Potential Sector Winners as Market Adjusts to Tariff Shock