Trading Day: Trump's tariff wrecking ball still swinging

President Trump's tariffs triggered a global market sell-off, with Asian markets plummeting and Wall Street experiencing volatility. Investors are concerned about a potential U.S. and global recession as trade tensions escalate. Despite the market downturn, a recession isn't fully priced in, suggesting further downside risk if economic conditions worsen. Earnings forecasts remain optimistic, despite growing uncertainty.