· Tariffs and Economic Impact: President Donald Trump has implemented tariffs on Canada, Mexico, and China, which have led to significant market volatility and concerns about a potential recession.
· Stock Market Reaction: The US stock market experienced a dramatic plunge, with major indexes like the S&P 500 and Nasdaq suffering steep losses.
· Fox News Criticism: Even Fox News, typically supportive of Trump, has criticized his handling of the economy, pointing to chaotic messaging and deepening market volatility.
· Bond Yields: The American 10-year bond yield eased as demand for safe-haven assets increased, indicating a shift towards a more risk-averse sentiment among investors.
· Recession Concerns: Trump has not ruled out the possibility of a recession, describing the current economic turbulence as a “period of transition”.
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