Generally, economists think that tariffs are not good for promoting economic efficiency and our welfare overall. Trump seems to be unaware of that.
Almost all countries have mandated that nothing but electric vehicles be sold soon in their countries. Why?
The list of problems associated with internal combustion (ICE) vehicles is long. Here are a few items.
There are nearly one and a half billion vehicles with ICE engines on the planet. They contribute significantly to increased CO2 levels in the atmosphere and the resulting global warming. Further, the manufacturing of ICE vehicles is energy-intensive. Burning fossil fuels to make ICE vehicles contributes to global warming. In addition, particulate matter and black carbon come from ICE vehicles’ tailpipes. Both contribute to global warming. Trump seems to be unaware of that.
Tesla manufacturer Elon Musk has donated just under $300 million to support Trump. That makes him Trump’s largest single donor.
It is no secret that Trump likes money. It will be interesting to see how, in the future, he reconciles his love of the money coming from Elon Musk and his dislike of electric cars.
And finally, Trump is pro-business. 
He will do everything to make business boom. Along with that, our portfolios will grow.
However, we must be aware that this will not go on forever. As J. P. Morgan stated years ago, markets will fluctuate. Goldman Sachs and the Bank of America predict zero to one percent return on market investments for a decade!
As I stated in a previous post, make sure you have a 50/50 asset allocation (60/40 also works well, as does 55/45 or any similar ratio) and rebalance your asset allocation every time market movement disturbs it.
Do not try to time markets.
In a rising market, cash is trash. In a declining market, cash king.
Intelligent investing requires no luck.
Good luck!
