The Budget Lab at Yale University estimates tariffs effective as of June 2 have pushed the average tax on U.S. imports from 2.5% in 2024 to 15.6% in 2025, the highest level since 1937. History offers a clue about what may happen if President Trump stays the course with the current trade war. Consider this information:

Financial concern is spiking among Americans, as 25.5 percent of the population fears a Wall Street meltdown, says report.

In the days before President Donald Trump suddenly paused most of the punishing tariffs on foreign countries he had revealed in early April, more than a dozen congressional lawmakers were tied to thousands of dollars’ worth of stock transactions,

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U.S. stock index futures edged higher on Monday as easing oil prices helped calm sentiment despite ongoing attacks between Iran and Israel and increased focus on the upcoming Federal Reserve meeting.

The Cboe Volatility Index, also known as the VIX and the market’s fear gauge, was retreating early Monday after rising along with the stock market’s fall on Friday. The index was at about 20, around the level that tends to be seen as dividing market turbulence and general calm.

Wells Fargo revealed areas of the market it thinks will lead the S&P 500 through the volatility that it's expecting through the rest of 2025.

Around 71% of middle-income Americans are invested in stocks, and they've watched their fortunes rise and fall repeatedly since tariffs were announced.

While the stock recovery is nice, higher prices mean that stocks are riskier than they were weeks ago at lower prices, if the facts on the ground are still the same. Some 60 days have already elapsed on a Trump-imposed 90-day pause on the tariffs’ full implementation,

The April panicked sell-off overreactions to President Trump's reciprocal tariff policies resolved in a few weeks, leading some bull runs for stocks as high as over +70% in only 2 months.

U.S. President Donald Trump took to his social media platform, Truth Social, on Wednesday to proclaim that a deal with China was “done,” pending final approval from himself and Chinese president Xi Jinping.