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USA's tariff war with the whole world doesn't matter as much as it matters with just two countries: China and Canada. The rest of the whole world's trade with USA doesn't even come close to anything that would put a dent on USA's humongous GDP, however the trade size with Canada and China is an exception (which is HUGE compared to rest of the world). No matter how much they brag that countries such as Korea, Japan, etc. are willing to drop tariffs on US products to zero and brag about such wins, it means absolutely nothing until China and Canada caves in this trade war. So far it seems neither of these two are willing to bow down to Trump. So, be careful with stock trades as S&P500 might find lower lows every week until something has been settled between these two countries with US.