Global Markets React to US Trade Policies and Recession Fears; Argentina Faces Economic Uncertainty

Global stock markets declined, triggered by concerns over U.S. trade policies and recession risks. The Dow Jones fell nearly 900 points, the S&P 500 dropped 2.7%, and the Nasdaq Composite plunged 4%, led by declines in major tech stocks. Tesla shares fell 15%, while other tech giants experienced drops between 2% and 5%. Trump's intermittent tariff threats against various countries have unsettled financial markets and consumers. BlackRock CEO Larry Fink warned that nationalistic policies, including migrant worker deportations, could drive up inflation in the U.S. Argentina's markets also experienced declines amid global risk aversion and uncertainty surrounding an agreement with the International Monetary Fund (IMF). The S&P Merval index fell 3.2%, and Argentine stocks on Wall Street traded mostly lower. The country risk surpassed 700 basis points, reflecting investor distrust. Despite these challenges, a survey indicated that 54% of respondents support President Milei's administration, with many viewing the economic situation as better than the previous year.