Recession Fears Rattle U.S. Stock Market

The sharp market drop on Monday is undermining President Trump’s economic promises. In the run-up to the election, Trump gained a significant advantage over Kamala Harris by focusing on inflation and high prices. However, his trade wars are rattling the markets. His push for a more protectionist U.S. economy has reignited fears of a recession. Over the weekend, Trump’s remarks about a “painful transition period” in the economy turned existing concerns into full-blown panic. While he may attempt to calm the markets with new statements, it’s clear that he remains committed to transforming the American economy through tariffs and domestic production incentives.

More