Biggest U.S. bank overhauls stock market outlook amid tariff-linked slump
Stocks are now negative for the year, with more declines to come, as investors count the cost of a potential $2.2 trillion trade war.
U.S. stocks face significant risks tied to President Donald Trump's trade and tariff policies, JP Morgan Chase analysts warned Tuesday, as the domestic economy slows and earnings forecasts falter.
The S&P 500 extended declines from its biggest decline of the year Tuesday, and as given back all of its Election Day advance, following President Donald Trump's decision to impose 25% tariffs on goods from Canada and Mexico and an additional 10% duty on imports from China.
