Stock markets worldwide are experiencing turmoil due to President Trump's global tariffs, with the S&P 500 entering bear market territory. Trump remains resolute about his tariffs, claiming they generate revenue and defend against unfair trade practices. A bear market, characterized by a 20% decline from recent peaks, indicates overall investor pessimism. The S&P 500 faced a significant drop, and further downturns have been warned by analysts like Goldman Sachs, suggesting an increased risk of a U.S. recession and a negative outlook for smaller companies represented in indices like the Nasdaq Composite and Russell 2000.
President Trumpâs global tariffs have provoked significant declines in stock markets, with the S&P 500 entering bear market territory as economic forecasts deteriorate.
Analysts, including those at Goldman Sachs, are now predicting a potential recession, which is further exacerbating the market downturn and affecting consumer confidence.
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