Global stock markets experienced a significant decline after President Trump hinted at potential recession risks linked to his trade policies. The S&P 500 dropped nearly 3 percent marking its sharpest decline in months, driven by investors' anxiety over possible additional tariffs. Several countries, including Canada and China, implemented or planned retaliatory tariffs against U.S. exports, further escalating trade tensions. Analysts, including those from JPMorgan Chase, estimated a 40 percent probability of a U.S. economic slowdown, warning it could lead to a global recession triggered by extreme U.S. policies.
Stocks across the globe saw significant declines after President Trump's comments on the economy and trade policies, with the S&P 500 down nearly 3 percent.
JPMorgan Chase analysts raised concerns, suggesting a 40 percent chance of a U.S. economic slowdown and a globally heightened risk of a recession due to U.S. trade policies.
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