US stocks plummeted Monday as President Trump's tariffs remain unchanged, causing anxiety among investors. The Dow Jones fell 1,323 points (3.3%), with the S&P 500 and Nasdaq also suffering significant losses. Investors feared retaliatory measures from foreign nations, particularly after China imposed a 34% tax on US goods. Analysts predict higher recession risks as banks adjust their forecasts. The markets are unlikely to recover until tariff negotiations occur and economic fundamentals show improvement, which appears distant at present.
The uncertainty of trading partner retaliation is still weighing on the markets." Richard Saperstein, chief investment officer at Treasury Partners
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