Trump’s Tariffs Spark Economic Turmoil as Markets Plunge
The U.S. economy is reeling from President Donald Trump's aggressive tariff policies, which have ignited fears of a recession and sent the stock market into a tailspin. On March 10, 2025, the Dow Jones Industrial Average plummeted over 900 points, erasing significant gains since Trump’s re-election. This drop follows his refusal to address concerns about a potential economic downturn during a recent interview. Trump’s tariffs, including a 25% levy on imports from Canada and Mexico and a 10% increase on Chinese goods, are burdening American households with an estimated $1,200 annual tax hike. These measures have already slowed GDP growth by up to 0.3% and cost hundreds of thousands of jobs. Meanwhile, retaliatory tariffs from Canada and China are exacerbating supply chain disruptions and inflation. Despite promises of economic strength, these policies are pushing the U.S. closer to recession while disproportionately harming middle- an...