Recent stock market fluctuations have raised concerns among businesses as Wall Street experienced significant declines. The Nasdaq dropped over 4%, with the Dow Jones and S&P 500 also reporting substantial reductions. Analysts warn that President Trump's tariff strategies could instigate a broader trade war, which may result in considerable economic downturns not just in the U.S., but globally. Experts like Jumana Saleheen and Vasu Menon stress the volatility and investors' unease about potential retaliatory measures from other countries, suggesting a long-term impact of tariff policies on financial markets.
"The situation which is much more worrying is if it would expand into more of a trade war, and then everybody is doing tit-for-tat strategies, then that could escalate and lead to a downturn, a recession in major economies, it could lead to a global recession."
"Trump has called April 2 'Liberation Day' but it is unlikely that investors will truly be liberated from tariff uncertainties."
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