Fears of recession are rising as the global trade war intensifies, leading to significant losses on Wall Street, particularly in tech stocks. The Nasdaq index saw its largest single-day drop since 2022, with major companies like Tesla suffering steep declines. President Trump acknowledged a 'period of transition' in the economy, while market participants anticipate a Fed rate cut due to the economic impact of tariffs. European markets are also affected, with a risk-off sentiment prevailing despite recent highs. Teljes cikk (Euronews.com)