Trump Tariffs Trigger Recession Fears as Nasdaq Enters Bear Market
On April 4, 2025, the U.S. economy faced a significant downturn as the Nasdaq confirmed its entry into a bear market, largely driven by the latest round of tariffs imposed by former President Donald Trump. These tariffs, aimed at reducing the trade deficit, have instead fueled fears of an impending recession, shaking investor confidence across the board.
The financial turmoil was highlighted by a sharp decline in stock prices, with the Nasdaq index falling significantly, marking the official start of a bear market. This development has raised concerns among investors and economists alike, as it signals a broader economic slowdown. Reports from various sources, including Reuters, CNN, and The New York Times, have detailed the impact of these tariffs on both the stock market and the overall economy.
The jobs report for March, released on the same day, provided mixed signals, with some sectors showing resilience while others struggled under the weight of the new tariffs. Public reactions have been varied, with many expressing uncertainty about the future of the U.S. economy amidst these challenging times.
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What is a tariff war?
A trade war is an economic conflict often resulting from extreme protectionism, in which states raise or implement tariffs or other trade barriers against each other as part of their commercial policies, in response to similar measures imposed by the opposing party.
How are tariffs affecting stocks?
U.S. STOCKS HIT HARD BY INITIAL TARIFF SHOCK Stocks of companies that are global in nature tanked. Nike plunged 14%, while Apple, Amazon (AMZN), and Walmart sank 9%, 9%, and 3%, respectively.
Is the US in a trade war?
An economic conflict between China and the United States has been ongoing since January 2018, when U.S. president Donald Trump began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are longstanding unfair trade practices and intellectual property theft ...
What are the tariffs going to do to the stock market?
Every 5 percentage point increase in the U.S. tariff rate cuts S&P 500 earnings per share by 1%-2%, Goldman Sachs chief U.S. equity strategist David Kostin estimates. This year's estimated 22.5 percentage point increase implies a potential 4.5%-9% cut in S&P 500 earnings from Trump tariffs.
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