The U.S. stock market is in turmoil as President Trump’s aggressive new tariffs send shockwaves through Wall Street. The S&P 500 suffered its worst single-day drop since 2020, plunging over 3% and wiping out more than 6% in weekly losses. Investors are in a state of panic, fearing a deepening trade war that could cripple corporate earnings and disrupt global supply chains. The new tariffs include a 40% levy on key Asian imports, 20% on European goods, and 10% on British products, triggering widespread concerns about inflation and economic instability.
As traders scramble to reassess risks, analysts warn that the S&P 500 could see a further slide into the 4,900 to 5,300 range, with RBC Capital Markets revising its year-end forecast downward. Market sentiment remains fragile, with economic indicators and Federal Reserve responses now critical in determining the financial landscape. Will Trump’s economic policies push markets into a prolonged crisis? The stakes have never been higher.
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S&P 500 Crashes: Is a Trade War About to Sink Wall Street?
Trump’s Tariffs Ignite Market Panic, Threatening Economic Stability The U.S. stock market is reeling from a brutal selloff, with the S&P ...
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