The Stock Market Crashed When Tariffs Were Announced. Wall Street Experts Say This Will Happen Next.
The S&P 500 (SNPINDEX: ^GSPC), the best barometer for the U.S. stock market, cratered 19% from its record high in the days after President Trump announced a slate of severe tariffs on April 2. The benchmark index has since rebounded slightly, currently just 12% below its high, because Trump paused the most aggressive duties for 90 days.Wall Street experts anticipate uncertainty and volatility in the short run, coupled with an elevated chance of a recession. But analysts expect more severe consequences in the long run, such as a permanent reduction in economic growth and living standards.Economic uncertainty created by the Trump administration has put business leaders in a challenging position. Not only because the president has taken such an aggressive stance on trade, but also because he seems to waver on policy decisions. For instance, the reciprocal tariffs outlined on April 2 were paused for 90 days on April 9, which was the day the tariffs were supposed to take effect.Continue reading
The S&P 500 (SNPINDEX: ^GSPC), the best barometer for the U.S. stock market, cratered 19% from its record high in the days after President Trump announced a slate of severe tariffs on April 2. The benchmark index has since rebounded slightly, currently just 12% below its high, because Trump paused the most aggressive duties for 90 days.
Wall Street experts anticipate uncertainty and volatility in the short run, coupled with an elevated chance of a recession. But analysts expect more severe consequences in the long run, such as a permanent reduction in economic growth and living standards.
Economic uncertainty created by the Trump administration has put business leaders in a challenging position. Not only because the president has taken such an aggressive stance on trade, but also because he seems to waver on policy decisions. For instance, the reciprocal tariffs outlined on April 2 were paused for 90 days on April 9, which was the day the tariffs were supposed to take effect.
