Tariffs continue to rattle investors, yet they didn’t factor into my 2026 stock forecast . Why? Consider the “four e’s” – expectations, exemptions, evasion, and enforceability. They ensure the ups and downs of President Trump’s current and future levies pose more economic bark than bite. To be sure, tariffs are always bad – especially for the country imposing them. US stocks’ serious lag versus world stocks in 2025 was partly because of that. Trump’s newer blanket 10% global trade taxes imposed