Donald Trump’s second term has marked a significant decline in the US stock market, with the S&P 500 experiencing a drop of nearly 20% since inauguration day. This marks one of the worst performances amongst recent presidencies, surpassing even Obama and Biden’s terms. According to Bloomberg’s analysis comparing market performance during the first 250 days of four US presidencies, Trump’s tenure has been notably negative compared to gains seen under previous administrations. Notably, since January 20th, the S&P 500 has declined by approximately 15.6%, a significant downturn for early presidential years. The aggressive implementation of tariffs in April triggered a substantial sell-off, resulting in an erased market value of over $6.6 trillion. This was driven by the announcement of sweeping tariffs on April 2nd.