Over the last year, while President Joe Biden was in office, Trump took credit for stock market rallies as a vote of confidence in his electoral prospects. When the market dipped, he blamed Biden and Vice President Kamala Harris. And he predicted that if Democrats won the 2024 presidential election, the stock market would have crashed.

President Donald Trump is defying projections of an economic recession, plowing forward with new tariffs and, in the process, abandoning one of the core economic measuring sticks of his first term in office: the stock market.

United States stock markets plummeted on Monday amid fears that President Donald Trump’s tariff policies might drive the world’s largest economy into recession. After years of impressive growth, America’s economic exceptionalism has been called into question.

The U.S. stock market is sinking further Thursday after President Donald Trump raised the stakes in his trade war, pulling Wall Street more than 9% below its record set just a month ago. The S&P 500 was down 1.

The U.S. stock market is falling further following President Donald Trump’s latest escalation in his trade war. The S&P 500 sank 1.1% Tuesday after Trump said he would raise tariffs

US stock markets tumbled on Monday as investors reacted to concerns over the economic impact of President Donald Trump's tariffs.

Donald Trump has refused to rule out the possibility of a U.S. recession this year as tariffs imposed on trade partners create economic uncertainty. The president admitted on Sunday that there would be a transition period and that his policies would take time to show results.