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Fortune

Alena Botros

Trump’s tariffs have Wall Street analysts distraught

Donald Trump Paul Donovan United States Canada Jonathan Garner Mexico China Goldman Sachs JPMorgan Nasdaq

(Credit: Carl Court - Pool/Getty Images)

Stock markets are tumbling on Trump’s tariffs. The S&P 500, the Dow Jones, and the Nasdaq are all down today. Meanwhile, analysts are warning of higher prices, slower economic growth, trade wars, and recession risks.

The last time President Donald Trump slapped tariffs on Mexico, Canada, and China, the finance world mostly hated it. This time, Wall Street is distraught.

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