Summary:

Fueled by fears of escalating tariffs announced by the Trump administration, global financial markets experienced a significant downturn resembling the "Black Monday" crash of 1987. This triggered a massive sell-off in U.S. stocks, with major indices like the S&P 500 and Nasdaq witnessing substantial losses and entering correction or bear market territory. 

Asian markets also plummeted, and commodities such as oil and copper sharply declined as investors sought safe-haven assets. Market commentators and analysts expressed deep concern about a potential recession, drawing parallels to historical market collapses. Despite the widespread alarm in financial circles, the Trump administration remained seemingly unconcerned, downplaying the market volatility and asserting confidence in the economic outlook. The uncertainty surrounding the final tariff policies has created anxiety among businesses and investors, hindering planning and raising fears of a looming economic downturn.

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