Wall Street is bracing for potential instability as the Trump administration's recent tariff imposition raises fears of another bear market. The S&P 500 index is down significantly, prompting comparisons to the rapid decline during past bear markets. The uncertainty from the trade war affects both investors and consumers, with the tariffs implemented by Trump likely adding inflationary pressure. The reaction from global markets has been severe, especially following China's announcement of retaliatory measures, which adds to investor apprehensions regarding future economic conditions.
Tariffs cause economic pain in part because they're a tax paid by importers that often gets passed along to consumers, adding to inflationary pressure.
The trade war has ratcheted up fear and uncertainty on Wall Street over how businesses and consumers will respond to the latest tariffs.
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