The Economic Rollercoaster: Trump's Tariff Tantrums and the Looming Default
The market was shaken up by Trump's back-and-forth on tariffs. By the time trading ended, stocks had regained some lost ground, but the damage was already done. Interest rates spiked, business activity slowed, and the specter of a recession loomed larger. The chance of a U. S. default crept up to 6%