Wall Street Declines Amid Tariff Concerns

President Donald Trump's recent tariff policies have triggered significant sell-offs in the stock market, with the Dow Jones Industrial Average dropping over 800 points and the S&P 500 falling 2.7%. Investor anxiety is heightened as the CBOE Volatility Index surged, indicating growing fears of a potential recession due to these trade policies. Goldman Sachs raised the probability of a U.S. recession from 15% to 20%, citing the economic damage from tariffs and inflation concerns. Many economists and market analysts warn that Trump's unpredictable tariff approach could lead to a 'Trumpcession,' undermining consumer confidence and business investments. Despite some cabinet members downplaying the situation, Trump's own acknowledgment of potential short-term turbulence has left investors uneasy about the economic outlook. The market's turmoil reflects broader concerns regarding the impact of ongoing trade tensions on economic stability.