Global markets plunge for 2nd week, triggered by Trump’s tariffs
After stocks plunged last week, losing nearly $6 trillion in market value, Wall Street is bracing for another bumpy ride triggered by President Donald Trump’s global trade war. JPMorgan now expects the economy to “contract under the weight of the tariffs” and that a recession will drive unemployment up to 5.3%. This comes as more than 1,400 demonstrations took place around the country over the weekend over the Trump administration’s policies. NBC’s Christine Romans reports for TODAY.
