"Reciprocal tariffs" led to a significant decline in the US stock market, and JPMorgan predicts that the probability of a global recession has risen to 60%.
- byVic

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U.S. President Trump announced large-scale tariffs, raising concerns in the market that this could trigger a trade war and a global economic recession. As a result, the three major indices of the U.S. stock market experienced a significant decline on April 3, marking the largest single-day drop in several years.
U.S. President Trump announced the implementation of large-scale tariff increases, which was followed by market concerns about a full-blown trade war and a global economic recession. The three major U.S. stock indices sharply declined on Thursday, marking the largest single-day drop in several years.