US Stock Market Plunges 3.3% on Trump's Tariffs; Economists Warn of Recession Risk

The recent imposition of new tariffs by President Trump has caused a significant downturn in the US stock market, with the Dow Jones Industrial Average plummeting by

The recent imposition of new tariffs by President Trump has caused a significant downturn in the US stock market, with the Dow Jones Industrial Average plummeting by 1,400 points, a 3.3% decrease. This decline was also mirrored by the S&P 500 and Nasdaq Composite, indicating a widespread global market sell-off. Economists are expressing concerns that these tariffs may have a negative impact on US economic growth, potentially resulting in higher inflation rates and even triggering a recession. The repercussions of these trade policies are being closely monitored by experts and investors alike as they await further developments in this volatile economic climate.