Wall Street fears recession from Trump's unclear tariffs

Wall Street is experiencing a significant sell-off as fears of stagflation and recession grow. The S&P 500 dropped 2.7% overnight, while the Nasdaq fell 4%. Investors are concerned about the unclear direction of Donald Trump's tariff policies. Trump and Treasury Secretary Scott Bessent did not dismiss the possibility of a recession, which has added to market anxiety. Tesla's stock fell 15.4%, losing over 50% of its value since Trump's inauguration. Bitcoin also lost recent gains amid market turmoil. Concerns about Trump's tariffs are rising, as they may lead to higher inflation and lower growth. The uncertainty surrounding these policies is causing businesses and investors to hesitate, resulting in a chaotic market environment.