These 5 parts of the stock market are most at risk if Trump wins the election and implements wide-reaching tariffs, Barclays says

• Trump’s proposed tariffs would lower S&P 500 earnings as much as 4.7% next year, Barclays said.
• The presidential candidate has pledged to unleash universal tariffs on all US trade if elected.
• The firm outlined which five sectors are the most exposed to losses if Trump wins and implements tariffs.

Donald Trump’s plan to tax virtually all US imports would take a big toll on 2025 earnings, according to Barclays research.