Trump Tariffs Fuel Economic Uncertainty, Spark Market Volatility

Wall Street executives are growing increasingly concerned about the economic outlook as escalating tariffs between the U.S. and China inject uncertainty into the market. High-profile banking leaders, including JPMorgan's Jamie Dimon and BlackRock's Larry Fink, have warned that the trade war could lead to a recession by late 2025, with consumer confidence already declining. Markets reacted sharply to the recent tariff announcements, with stock prices fluctuating and banks preparing for potential losses. In Malaysia, local markets are also feeling the impact, as the retaliatory tariff measures between the U.S. and China create volatility and uncertainty for investors. Analysts predict continued choppy trading, reflecting the broader instability seen in global markets. Overall, the trade tensions are prompting calls for resolution from Wall Street leaders and are affecting consumer sentiment across the board.