The negative forecasts are a stunning turnaround for the president, who swept into office pledging to unleash a Golden Age of prosperity.

The U.S. and global markets have already started to feel the impact of Trump’s tariffs, with the U.S. stock market taking the worst hit thus far. At the end of Thursday, April 3, Dow Jones closed at 1,

Republican Senator Ted Cruz has warned of a potential "bloodbath" for his party in the 2026 midterm elections if President Donald Trump's tariffs negatively impact the US economy, informs Financial Times.

President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, “I think it’s going very well.”

Global stocks tumbled for a second day on Friday as U.S. President Donald Trump's sweeping tariff plans sowed fears about a global recession, with the sell-off deepening after China said it would impose additional levies of 34% on American goods.

The sweeping new tariffs announced by President Donald Trump on Wednesday triggered a slump in global stock markets, with the US S&P 500 having its worst day since the impact of Covid in 2020. Traders are concerned the tariffs will increase prices and weigh on growth in the US and abroad.