Economic Fears Trigger Global Market Sell-Off

Stock markets worldwide tumbled yesterday as concerns over U.S. trade policies fueled recession fears. The S&P 500 fell 2.7%, marking its sharpest daily decline in months, while global markets continued to slide.

The sell-off came after President Trump, in a televised interview, refused to rule out the possibility that his trade policies could trigger an economic downturn. He described the current economic climate as “a period of transition” and hinted at the possibility of further tariffs. In response, several retaliatory tariffs against the U.S. went into effect, adding to market uncertainty.

Tech stocks, which hold significant weight in major indices, saw sharp declines, dragging markets further down. Asian markets also opened lower today as the global sell-off continued.

Analysts at JPMorgan Chase warned of an increased risk of a global recession, stating that “extreme U.S. policies” had pushed the likelihood of a downturn to 40%.