"Reciprocal tariffs" lead to a sharp decline in the U.S. stock market, with JPMorgan predicting that the probability of a global recession has risen to 60%.
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Donald Trump announced the imposition of tariffs, triggering concerns in the market about a trade war and a global economic recession. On April 3, the three major U.S. stock indices experienced a significant decline, marking the largest single-day drop in several years.
After the U.S. president announced a large-scale increase in tariffs, concerns about a total trade war and a global economic recession have intensified. The three major stock indexes in the U.S. plummeted on Thursday, recording the largest single-day drop in years.