Concerns over President Trump’s trade policies appear to be dragging down the stock market. Yesterday, the Dow Jones dropped 478 points, or 1.1%, while the S&P 500 fell 0.76 percent. The Nasdaq, which is heavy on tech stocks, fell 0.18% after logging its worst day since 2022 on Monday.
So, what gives? “Markets hate uncertainty, and right now, there’s a lot of it, which is what investors are reacting to,” says Greg McBride, chief financial analyst at Bankrate. That uncertainty includes the tariffs Trump is slapping onto products from countries like Mexico, Canada, and China, which have been changing by the day.
Meanwhile, fears of further economic fallout are growing. We asked three finance experts whether they think we’re at risk of a recession — and how you could be affected if so. |
|
|
An employee running a steel sheet through a perforating machine in Seoul. (Getty Images) |
President Trump's sweeping 25% tariffs on all imported steel and aluminum came into effect this morning, escalating America's trade war with foreign competitors. Meanwhile, Canada agreed to back down from its surcharges on electricity for U.S. customers, prompting Trump to retract his extraordinary threat of 50% tariffs on Canadian aluminum and steel. Ukraine says it'll accept the Trump administration's proposal for a 30-day ceasefire, and the U.S. has agreed to lift a pause on intelligence sharing with Kyiv and resume military assistance. "The United States will communicate to Russia that Russian reciprocity is the key to achieving peace," a joint statement read. Greenland's center-right Demokraatit opposition party has won the Arctic island’s parliamentary election. The new government, which is in favor of gradual independence from Denmark, will also have to navigate Trump's efforts to acquire the territory. The Education Department announced that it will fire 1,300 employees. Together with the hundreds who've accepted buyouts and those who've already been fired, that will effectively halve the agency's staffing. Trump has said he wants to dismantle the department altogether — but he'd need approval from Congress. Seven people charged in the death of Sam Nordquist, a Black trans man, have pleaded not guilty to torturing and killing him. Four of them, including Nordquist's former partner, Precious Arzuaga, also pleaded not guilty to aggravated sexual abuse charges. |
|
|
| Back Again
After a couple of high-profile public absences, Michelle Obama is returning to the spotlight with a candid new project. Here's the scoop.
Read More » |
|
|
| Run the Numbers
Not sure whether the symptoms you're feeling are part of "the change"? Dr. Mary Claire Haver says you should ask for these tests.
Read More » |
|
|
| Ones to Watch
Awards season may be over, but there's a slate of fabulous films coming out in the weeks ahead. See what's hitting theaters.
Read More » |
|
|
Is your dinner the reason you can't drift off? We're talking more than turkey — a registered dietician recommends these six snacks for snoozing. And if you rely on a nightly glass of wine to conk out, you might want to rethink that, since alcohol disrupts that precious REM.
BRĒZ canned drinks contain CBD and a small dose of THC for a quick hit of relaxation. |
|
|
Stop waking up with a parched throat and skin when you start sleeping with a humidifier. Carepod's compact model supports your immune system and can help you breathe better — no filter required. |
| |
|
Update your preferences or unsubscribe
If you buy something through this email, KCM may earn a commission.
Katie Couric Media, 75 Varick St, Ste 12, New York, NY - 10013-1917
Copyright © 2025 Katie Couric Media, All rights reserved. |
|
|
|
