U.S. Markets Plunge Amid Tariff Turmoil as Experts Warn of Recession
U.S. stocks slump further as President Trump’s tariffs invoke fears of recession; experts predict deeper declines amid public disapproval and economic uncertainty.
Subscribe to unlock this story
We really don't like cutting you off, but you've reached your monthly limit. At just $3/month or $30/year, subscriptions are how we keep this project going. Start your free 7-day trial today!
Get Started
Wall Street suffered its worst day since 2020 on Thursday as Trump's tariffs sparked a global sell-off.
Dave Portnoy says Trump's tariffs cost him $7 million
Newsweek·14d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.CenterThis outlet is balanced or reflects centrist views.
Despite standing behind the newly implemented tariffs, the stock market has dropped in recent days, a majority of Americans disapprove of the economic approach and experts have issued warnings about a potential recession.
CNBC’s Liesman: Trump tariffs like steering Titanic ‘toward the iceberg’
The Hill·14d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Their nightmare scenario has Trump firmly in the camp of his ideologically rigid economic adviser Peter Navarro, a tariff evangelist, who for years has been predicting how the levies will magically restore all those lost factory jobs and remake the economy of 2025 into one that resembles the 1960s.
Trump is shaking up the stock market — and can still prove naysayers wrong
New York Post·14d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
The announcement rocked global financial markets, and the S&P 500 suffered its worst day since 2020.
JPMorgan Ups Odds of Global Recession to 60 Percent Following Trump Tariffs
Truthout·15d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.LeftThis outlet favors left-wing views.
The S&P has lost nearly 14% since 19 February, and nearly $10tn of US stock market value has been erased.
The Guardian·15d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly leans left.
But Trump remains defiant that his plan will work in the long term as he aims to reduce America's trade deficit with other countries, protect American industries and bolster jobs by encouraging companies to move manufacturing back to the U.S.
Trump urges Americans to 'hang tough' on tariffs plan as markets tumble
FOX News·15d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
But a strategy of bailing out now and jumping back in when things improve isn't wise, experts said.
Think before bailing out of the stock market, experts say
Salon·15d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.LeftThis outlet favors left-wing views.
The effect of this tax hike is likely to be magnified—through retaliation, a slide in U.S. business sentiment, and supply chain disruptions.
'There will be blood': JPMorgan hikes odds of Trump-triggered recession to 60%
AlterNet·15d·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.LeftThis outlet favors left-wing views.
Moreover, the numbers Trump has used to justify tariffs rely on bogus numbers.
CNBC’s Steve Liesman Says Trump Is ‘Steering the Titanic Towards the Iceberg’
MEDIAite·15d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans LeftThis outlet slightly leans left.
The trade war he unleashed is threatening to set off a worldwide recession — and fast.
Businessweek: Stock Meltdown Deepens
Bloomberg·15d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
The downturn since mid-February is in stark contrast to the 4.5% run-up in the S&P 500 following Trump's election when traders predicted his administration would usher in more business-friendly policies.
Stock markets suffer worst losses since pandemic following Trump tariff plans
USA TODAY·15d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Summary
U.S. stocks have sharply declined, with the S&P 500 down 14% since late February, largely due to President Trump's new sweeping tariffs impacting global trade. Treasury Secretary Scott Bessent noted that the market is reacting negatively to both the tariffs and the introduction of China's DeepSeek AI tool. Despite a strong jobs report, concerns grow over inflation, trade wars, and a potential recession, further exacerbated by China's planned 34% retaliation tariffs. Amid this turmoil, Barstool Sports founder Dave Portnoy voiced his $7 million loss in investments due to tariffs but remains supportive of Trump.
Perspectives
Trump's tariffs are causing significant disruptions in the global economy, leading to a selloff that threatens a recession.
The market is reacting negatively to the unpredictability of Trump's trade policies, which are seen as aggressively detrimental to growth.
Investors are concerned about rising costs and the broader economic implications of the tariffs, indicating a pessimistic outlook.
FAQs
No FAQs available for this story.
History
- 14d
- 15d