Global Markets Plummet as Trump's Tariff Plans Unfold

Global stock markets have experienced significant declines due to President Donald Trump's aggressive tariff policies, raising fears of a potential recession. Major U.S. indexes, including the S&P 500 and Nasdaq, fell sharply, mirroring similar downturns in European and Asian markets. Analysts suggest that sustained trade tensions could jeopardize global economic expansion, with JPMorgan estimating a 60% risk of recession. Trump's administration remains resolute in its trade stance, dismissing the market turmoil as part of necessary adjustments. Experts warn that the uncertainty created by these tariffs could lead to the most severe stock market crash since 1987. As the situation develops, investors are bracing for continued volatility and potential Federal Reserve rate cuts to mitigate the impact.