Concerns over the economy intensified before Trump's imposition of tariffs, triggering a fall in the US stock market.

On April 2, Jin10 reported that on Wednesday, uncertainty once again overshadowed the market, with traders feeling nervous ahead of President Trump’s tariff announcement. As of the time of publication, the S&P 500 index fell 0.3%, the Nasdaq 100 index dropped 0.6%, and Tesla (TSLA.O) was down 2%. Since peaking in February, the S&P 500 index has lost over $4 trillion in market capitalization, with tariff-related anxieties triggering investor dumping. Many Wall Street trading desks, including Goldman Sachs and Bank of America, expect Wednesday’s tariffs to further exacerbate the decline of the U.S. benchmark stock index. BMO Wealth Management’s Chief Investment Officer Yong-yu Ma stated, “The entire market is anxious, waiting to understand how severe the trade war may be and how much damage it could inflict on the economy and corporate profits.”