[Monday, April 7] US News Headlines from r/politics
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1. ECONOMIC POLICY AND TRADE RELATIONS
1.1 Tariffs and Market Reactions
Financial markets have experienced severe turbulence following President Trump’s global tariff implementation, with the S&P 500 heading toward bear market territory[1] and the Dow plummeting over 700 points[2]. Prominent financial figures have issued warnings, with Trump supporter Bill Ackman characterizing the situation as an “economic nuclear winter”[3] and JPMorgan CEO Jamie Dimon warning that tariffs will boost inflation and slow the economy[4].