Overview

• The S&P 500 has fallen 10% since February 19, marking its first correction since 2023, driven by investor worries over Trump's economic policies.
• Economic sentiment among consumers, businesses, and investors has weakened significantly, with strategists lowering market forecasts and recession risks increasing.
• Trump's proposed tariffs could raise U.S. tariff rates to 1930s levels, with economists warning of potential retaliatory measures and recession risks.
• Treasury Secretary Scott Bessent downplayed market volatility as 'healthy,' but critics argue the administration risks ignoring worsening economic conditions.
• Trump has hinted at flexibility in trade negotiations, but uncertainty remains as the April 2 tariff deadline approaches, with political stakes high for the 2026 midterms.