Summary
Wall Street braces for Trump’s April 2 tariff announcement amid ongoing market volatility and investor uncertainty.
The S&P 500 has dropped nearly 10% earlier this month and is on track for a 3% quarterly decline.
Investors fear steep, prolonged tariffs and potential retaliatory measures could harm the U.S. economy.
Financial strategists predict continued volatility, with some hoping Trump pivots to tax cuts to boost market confidence. Analysts warn that extended tariff disputes risk long-term economic damage and dampened consumer confidence.