According to CNN data expert Harry Enten, President Donald Trump has set a record for the largest drop in the S&P 500 during the early stages of a presidency since the index’s creation in 1957. Trump’s trade policies, including tariffs, have contributed to this decline. As of the 100th day of his presidency, the S&P 500 dropped by 14%, significantly more than George W. Bush’s 7% drop in 2001. Enten also highlighted a potential recession by 2025, attributing much of the economic uncertainty to Trump’s tariff wars. Despite recent market recoveries, concerns persist about the long-term effects of Trump’s economic policies on the U.S. economy and global markets.
— new from NJ.com
