Global Economic Turmoil: Experts Warn of Catastrophic Consequences as Trade Wars and Inflation Reach Fever Pitch

Trump Tariffs, Stock Markets to Tank Another 20%: Analysts and Economists are Saying

Washington: US President Donald Trump's latest tariff threat has sent shockwaves through the global markets, with experts warning that the stock markets could tank another 20% and Bitcoin could fall to $54,000.

According to reports, Trump has threatened to impose tariffs on an additional $300 billion worth of Chinese goods, which could further escalate the ongoing trade war between the two nations. The move has sparked widespread concern among investors, who fear that the tariffs could lead to a global economic downturn.

"We're looking at a potential 20% correction in the stock market if Trump goes ahead with these tariffs," said Tom Lee, co-founder of Fundstrat Global Advisors. "The market is already volatile, and this could be the straw that breaks the camel's back."

Other analysts and economists have also sounded the alarm, warning that the tariffs could have far-reaching consequences for the global economy.

"The tariffs could lead to a global recession, and it's not just the US that's at risk," said Stephen Roach, former chief economist at Morgan Stanley. "The global economy is highly interconnected, and a downturn in the US could have a ripple effect around the world."

In the cryptocurrency market, Bitcoin has also taken a hit, with prices falling to around $60,000. Experts warn that the cryptocurrency could fall further if the tariffs are imposed.

"The tariffs could lead to a global economic downturn, and that could have a negative impact on the cryptocurrency market," said Tim Draper, founder of Draper Fisher Jurvetson. "I think Bitcoin could fall to $54,000 if the tariffs are imposed."

The news has sent shockwaves through the global markets, with investors scrambling to protect their assets. The Dow Jones Industrial Average fell 1.5% on Tuesday, while the S&P 500 fell 1.7%. The Nasdaq Composite fell 2.1%.

The news has also sparked concerns about the impact on the US-China trade talks. The two nations have been in talks for several months, but have made little progress.

"The tariffs could undermine the entire trade negotiation process," said a senior US official. "We're trying to make progress, but this could set us back."

The news has also sparked concerns about the impact on the global economy. The International Monetary Fund (IMF) has warned that the tariffs could lead to a global recession.

"The tariffs could have a significant impact on the global economy," said an IMF spokesperson. "We're monitoring the situation closely and will provide guidance as needed."