Wall Street is on edge because President Donald Trump has warned that Americans may feel a “little disturbance” from the trade wars with Canada, Mexico and China, offering no word on when they’ll see the benefits from his tariff fights. And he has refused to rule out the possibility of a recession.

Axar.az reports via Bloomberg, the selloff in US equities accelerated Monday, with major averages tumbling to their worst day this year, as investors braced for a slowdown in the Amerian economy.

The tech-heavy Nasdaq 100 Index plunged 3.8% for its worst day since October 2022. The S&P 500 Index sank 2.7%, teetering closer to a correction after sliding 8.6% from its Feb. 19 peak.

Strategists and economists across Wall Street have also been raising their odds for a US economic downturn. And that’s setting up the US stock market for what could be a prolonged bout of turbulence.

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