Stocks experienced a temporary rise based on social media reports suggesting President Trump was considering a 90-day halt on tariffs for all countries except China. Despite this, the market fell once it was confirmed that comments attributed to Kevin Hassett, the head of the president’s economic council, were untrue.

Goldman Sachs reduced the likelihood of a US recession this year to 45%, citing a weakening economy. Larry Fink from BlackRock, a major asset manager, warned of a potential further 20% drop in global stocks. Stock markets in various countries, including the US, Italy, Spain, and France, displayed losses.

Continued tariff uncertainties led to global market declines, with the FTSE 100 falling by 4.6%. President Trump's trade policies caused substantial losses in stock markets worldwide, with trillions of dollars being wiped out. Amidst these challenges, billionaires and corporate leaders expressed concerns over potential repercussions on the economy.

The US was threatened with additional tariffs, causing tensions with China to escalate. President Trump advocated for his trade strategies, while facing criticism from various industries and political figures. European and American authorities engaged in discussions to address the escalating trade tensions between the two continents. China emphasized its commitment to protecting its interests amidst the escalating trade disputes.

As the market faced volatility, President Trump remained resolute in his trade policies, hosting high-paying guests at his resort despite market uncertainties. Amidst these challenges, bipartisan senators attempted to limit the president's tariff authority, leading to potential conflicts within US foreign policy decisions.