As global markets take a significant downturn following the announcement of new tariffs by Trump, financial experts are increasingly concerned about the impact on retirement savings, particularly 401(k) plans. Many investors are advised to remain calm and avoid panic selling, as market fluctuations can create anxiety for those nearing retirement. Strategies include protecting investments from tariff-related shocks and focusing on maintaining a long-term perspective. Experts recommend conservative investment approaches and caution against frequent portfolio adjustments during this period of economic uncertainty. While the situation remains fluid, some financial advisors emphasize the importance of patience and smart decision-making to navigate these turbulent times.