US stock markets tumble significantly as fears of a recession grow due to Trump's controversial tariffs, pushing the S&P 500 into bear market territory.
Goldman Sachs has increased its U.S. recession forecast to 45% amidst tariff-related economic turmoil, as banks warn of rising unemployment and inflation.
Elon Musk criticizes Trump's adviser Peter Navarro over tariffs, sparking a public feud about Tesla's reliance on foreign parts vs. American manufacturing.