Wall Street Braces for Recession Amid Trump’s Trade War

Traders on Wall Street are warning of an impending recession as President Trump’s trade war continues to cause massive market turbulence. The Guardian reported that on Monday, stock markets swung wildly after false reports of a tariff pause, revealing the heightened anxiety surrounding US-China relations and global economic uncertainty.

Traders are growing increasingly concerned about the long-term impact of Trump’s aggressive economic policies. According to The Guardian, the volatility has reached levels not seen since the 2008 financial crisis. Many believe the US is heading towards a self-sustaining economy but fear the cost of such a shift could be devastating.

Experts predict that the ongoing turmoil could lead to a prolonged downturn, with markets already showing signs of strain, The Guardian reported. Technical analyst Anthony told the news outlet that, despite short-term opportunities, a recession is inevitable, and consumer spending is likely to slump as the effects of the trade war take hold. “What’s happening is that it’s going to hit the American people, and they’re going to keep their wallet closed in their pocket. Without a doubt, we’re hitting a recession,” he said.