Newsweek
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Donald Trump's recently unveiled tariff plans have sparked a stock market meltdown and stoked fears of a looming recession, which experts said would further slow down an already "comatose" U.S. housing market.
On March 10, the S&P 500 share index fell nearly 3 percent after a tumultuous week during which Trump first announced sweeping 25 percent tariffs on imports from Canada and Mexico and then paused them for a month for most products coming from the two countries. On the same day, the Nasdaq share index dropped by an even worse 4 percent.
Realtor.com senior economist Joel Berner told Newsweek that the recent nosedive in the stock market could slow down...