Business Insider spoke with 10 Cybertruck owners about the challenges of driving the most controversial vehicle on the market. However, President Donald Trump’s trade war has become a bigger story, and experts predict that it could force him to drop his protectionist agenda.
The S&P 500 officially entered a correction on Thursday, down 10% from its February peak. Economists say that this decline may be unbearable for Trump, who has been pursuing his trade war aggressively.
Marko Papic, chief strategist at BCA Research, believes that a 15-20% decline in the S&P 500 could force Trump to reconsider his protectionist policies. Desmond Lachman, an economist, agrees that the issue is not just about a specific drop but also how quickly and severely the sell-off unfolds.
The latest development came when Trump threatened a 200% tariff on wine and other alcohol products coming from the EU, which could affect businesses such as wine shops and restaurants.
As investors blame the trade war for the recent market decline, some experts think that the worst is over. JPMorgan thinks that the hedge fund sector may be to blame for the market’s weakness, rather than recession fears.
Meanwhile, in other news, an American Airlines plane caught fire at Denver airport, and a judge has blasted Trump’s mass firing of probationary employees as a ‘sham’.
Source: https://www.businessinsider.com/markets-tolerate-pain-stock-market-trade-tariffs-trump-2025-3