Recession Fears Grip Markets: Is Trump’s Tariff Wave the Trigger?

Global financial markets experienced a dramatic sell-off this week, with fears of a recession casting a shadow over trading activity. The downturn is being fueled by President Trump’s escalating tariffs and heightened market uncertainty as Goldman Sachs predicts a 45% chance of an impending US recession. This has triggered investor panic and a significant loss in cryptocurrencies like Bitcoin, which has shed over $100 billion since April began. The Dow Jones experienced a substantial drop last week, reflecting the broader market turmoil. Meanwhile, Ethereum’s value dipped below $1,600, reaching levels close to $75,700. Market analysts now focus on how the Federal Reserve will respond to prevent further economic downturn. The rising trend in recession worries is being reflected in surging Google searches for ‘recession’ and ‘financial crisis’.