Markets Plunge as Economic Uncertainty Grows Under Trump's Tariff Policies

U.S. stocks, crypto markets, and consumer confidence falter as concerns mount over economic slowdown and tariff impacts.

The S&P 500 has dropped 8% since February 19, with the Dow and Nasdaq also seeing significant declines, driven by fears over tariffs and economic instability.
President Trump has acknowledged a 'transition period' for the economy, citing efforts to bring manufacturing jobs back to the U.S., but avoided predicting a recession.
Major tech stocks, including Nvidia and Tesla, have suffered steep losses, with Tesla down over 40% this year due to protests and concerns over its association with Trump.
The cryptocurrency market has also taken a hit, with Bitcoin falling below $80,000 following a disappointing White House Crypto Summit that failed to meet investor expectations.
Economists and analysts have revised U.S. growth forecasts downward, with Goldman Sachs projecting 1.7% GDP growth for 2025 and a 20% chance of recession within the next year.