US stocks fall due to tariff concerns and economic slowdown

U.S. stocks fell sharply on Monday, with the Nasdaq dropping 4.0%, its largest decline since 2022. Tech stocks, including Tesla and Nvidia, experienced significant losses amid growing concerns over an economic slowdown linked to President Trump's tariffs. Trump's comments about the economy being in a "period of transition" raised fears that his tariffs could trigger a recession. Analysts worry that these tariffs will lead to higher prices and slow economic growth, reversing earlier investor optimism. Despite the market downturn, a White House official noted a disconnect between stock market sentiment and actual business conditions. Some economic advisers maintain a positive outlook, citing potential benefits from tariffs in boosting U.S. manufacturing and jobs.