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Fortune
Fortune
Greg McKenna

Markets head for worst week of 2025 amid Trump tariff uncertainty

Traders wearing Trump memorabilia stand among a crowd on the floor of the New York Stock Exchange. (Credit: Spencer Platt—Getty Images)
  • Markets hate uncertainty, the saying goes, and Trump’s whirlwind policy announcements have greatly unsettled traders. Previously, many felt the President's desire for a healthy stock market would hold aspects of his agenda that are less appealing to investors—namely tariffs, widespread government layoffs, and mass deportations of immigrant workers—in check. He’s suggested that’s no longer the case. 

President Donald Trump loved taking credit for a soaring stock market as the S&P 500 rose roughly 70% during his first term. 

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