## [# New Poll: Portfolios 'Suffering' as Trump Wages Tariff War](/sections/news/new-poll-portfolios-suffering-trump-wages-tariff-war)
# New Poll: Portfolios 'Suffering' as Trump Wages Tariff War
etf.com survey participants overwhelmingly respond that the trade war is hurting their investments.
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[By Ron Day](/contributors/ron-day)
Mar 17, 2025
Edited by: David Tony
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President Donald Trump’s trade war is overwhelmingly hurting investors’ portfolios, according to the results of an etf.com social media survey.
Eighty-three percent of those responding to a LinkedIn poll posted March 12 voted for the “my portfolio is suffering” choice; on an X survey, 68% chose that option. A total of 102 responses were tallied.
The polls reflect investors’ souring moods since President Trump took office for a second time in January and, in the following month, launched a trade war with Canada, Mexico the European Union and China. While that battle has included a mix of threats and actual imposition of levies, U.S. equity indexes have tumbled as fears of inflation and recession jump.
## VOO, DIA Drop as Safe Havens Rise
The [**Vanguard S&P 500 ETF (VOO)**](https://www.etf.com/VOO) has dropped 7.7% over the past month as investors bid down the price of broad equity funds, while the narrower [**SPDR Dow Jones Industrial Average ETF Trust (DIA)**](https://www.etf.com/DIA) has lost 6.7%.
Investors are bidding up safer investments like the [**iShares 20+ Year Treasury Bond ETF (TLT)**](https://www.etf.com/TLT), which has added 1.5% over the past month. The gold-focused [**SPDR Gold Trust (GLD)**](https://www.etf.com/GLD) has gained 3.4% this month, adding to its year-to-date gain of 14%.
“ETFs that invest in Europe, emerging markets, Treasury bonds and gold are all performing well amid tariffs,” said etf.com Senior Content Editor Kent Thune, CFP.
[Crypto ETFs](https://www.etf.com/topics/crypto-etfs) are among the funds struggling the most since Trump began calling for a trade war and the imposition of duties on steel, aluminum, wine, semiconductors and pharmaceuticals, as well as across-the-board duties on Canada, China, Mexico and the EU.
The [**iShares Bitcoin Trust (IBIT)**](https://www.etf.com/IBIT) has lost 13% over the past month and investors have pulled $1.5 billion from the fund.
*A total of 102 social media follower responses collected over three days via etf.com's LinkedIn (top) and X (bottom) poll posts.*
Tariffs currently in effect include a 20% tax on all items imported from China and 25% on all steel and aluminum, according to an [NBC News](https://www.nbcnews.com/business/economy/tariff-timeline-trump-trade-war-global-economy-rcna196487) tally.
Still, investors aren’t giving up on equities and appear to be staying in stocks for the long haul. VOO has pulled in $30.1 billion over the past month while its price dropped, including $14 billion on March 14.
In the X poll, 16% chose “portfolio is doing great,” and the same number said there was no impact. 10% of LinkedIn respondents said their portfolio is doing great, while 7% chose the no-impact option.
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[ Ron Day Contributing Editor ](/contributors/ron-day)
Ron Day is Contributing Editor at etf.com. He joined the company in October 2022 and has served as Managing Editor, deputy managing editor and… [View Bio](/contributors/ron-day)
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