In response to President Trump’s aggressive tariff strategy, U.S. equities continue to face instability, leading to significant downgrades in S&P 500 forecasts. The S&P has dropped 13% this year, classified as a bear market, with increased volatility prompted by Trump’s rhetoric. Despite this, Asian markets opened higher, especially Japan’s Nikkei 225, which surged over 5% after recent declines. Trump has threatened up to 50% tariffs on China, exacerbating fears of a recession. Bipartisan discussions in Congress are emerging to curb the tariffs, while Wall Street confronts concerns over economic ramifications.