Well, of course? Tariffs are directly aimed at international trade, and S&P 500 companies get 80% of their revenue from overseas, so the tariffs are somewhat aimed at them. Companies that focus on the American market have nothing to worry about. This is an advantage for them.
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It is arguably a boon for the American economy as well. Many of those Fortune 500 companies don't even pay taxes(Amazon, etc.) or employ many Americans. Now there is a more level playing field in America. Expect more innovation and growth here. Things look bright.
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Finally, we've been in desperate need of more inflation for a decade now. This will help accomplish that, and inflation also levels the playing field by eroding existing wealth. Short term pain for the ultra-rich. Long term, get ready for a lot of new firms and ideas in America.
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