Economic forecasts have been weakening. While some see slower growth, several commentators see the chance of an outright recession rising this year.
Beijing hits back with retaliatory tariffs and other measures after U.S. imposes additional 10% duties on China
The recent decline in U.S. stocks has wiped out all of the markets' gains since Trump’s election in November. That rally had been built largely on hopes for policies that would strengthen the U.S. economy and businesses.
Donald Trump’s return to the White House was cause for celebration on Wall Street. In the month after Election Day alone, the S&P 500 Index jumped more than 5%, adding some $2.8 trillion in value, on the expectation that the new administration would juice the economy.
A rout on Wall Street deepened on Tuesday as companies and investors digested the impact of President Donald Trump's decision to impose tariffs on the U.S.'s biggest trading partners, as well as retaliatory tariffs from Canada, China and Mexico.
Wall Street’s sell-off kicked back into gear after tariff whiplash and falling AI stocks dragged the market lower.