Investors are bracing for another turbulent week in the markets due to the uncertainty surrounding President Donald Trump's recent imposition of import tariffs. The markets are still reeling from the impact of the tariffs, resulting in the worst week for U.S. stocks in five years since the COVID-19 crisis. The S&P 500 and Nasdaq Composite experienced significant declines, with the latter entering a bear market by dropping over 20% from its peak in December. The Dow Jones Industrial Average also saw a correction, falling more than 10% from its December high.

As the April 9 deadline approaches for Trump's global tariffs to take effect, investors are on edge about the potential for increased volatility. The recent market turmoil has raised concerns about a global recession, with uncertainties surrounding the impact of retaliatory tariffs and how the situation will unfold.

The market saw a sharp decline, with the S&P 500 plummeting over 17% from its all-time high in February. Following Trump's tariff announcement, companies listed on the S&P 500 collectively lost approximately $5 trillion in market value in just two days. The heightened trade tensions have led to increased economic and earnings forecasts, with some analysts suggesting a 60% chance of a global recession.

While some investors are optimistic that negotiations may lead to the reduction of tariffs, others remain skeptical about potential concessions by Trump. The overall uncertainty has dented consumer and business confidence, prompting concerns about the lasting impact on the economy.