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Markets Slide as Trump's Tariff Policies Shake Investor Confidence

Uncertainty over trade, tariffs, and economic policies drives Wall Street into correction territory and raises recession fears.

  • The S&P 500 has entered correction territory, down over 10% from its February peak, marking one of the fastest drops in decades.
  • Trump's aggressive tariff policies and unpredictable economic moves have unsettled markets, with major indices including the Dow and Nasdaq posting significant losses this week.
  • Gold prices hit a record high of $3,000 per ounce as investors seek safe-haven assets amidst growing economic uncertainty.
  • U.S. manufacturers and companies like Tesla warn of rising costs and operational challenges due to tariffs, impacting supply chains and global competitiveness.
  • Consumer confidence has plummeted, with the University of Michigan's sentiment index hitting its lowest level since 2022, reflecting concerns over inflation and economic instability.
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