The impact of America’s tariff policies and fears of a financial recession among investors have hit Wall Street. Within just a month after reaching its highest position, $4 trillion (4 lakh crore) disappeared from the US stock market by Monday, which is equivalent to approximately 349 lakh crore Indian rupees.

According to news agency Reuters, various policies of US President Donald Trump have created uncertainty among many companies, consumers, and investors. The US has been embroiled in tariff conflicts with three major trading partners: Canada, Mexico, and China. It is believed that this ongoing tension has impacted the US stock market.

Wall Street’s “health” hasn’t been good over the past few days. On Monday, there was an even sharper decline in the US stock market. Coincidentally, on Sunday, the American news outlet Fox News published an interview with the US President. He was asked whether the new tariff policies would have any impact on the country’s economy. In response, Trump avoided making any direct comments, saying, “I don’t like making predictions like this. What we are doing is a very big task. As a result, we are going through a period of change. We are reclaiming America’s wealth, and that is a massive undertaking.” Trump acknowledged that it would take some time to achieve this goal. Following his remarks, fears of a recession began to grow among investors in the stock market. Many believe that the US economy could face a downturn, and Trump did not dispel those fears.

On Monday, at the close of trading on Wall Street, the S&P 500 index fell by 2.7 percent. This marked the biggest drop in the S&P 500 index so far this year. The Nasdaq index also dropped by 4 percent on Monday, marking its largest single-day fall since September 2022.

Several executives of American companies believe that the recent tariff policies have led to this situation. Peter Orszag, CEO of Lazard, told Reuters, “Uncertainty has arisen due to the tariff wars with Canada, Mexico, and Europe.” According to him, while people can understand the diplomatic tensions with China, the disputes with Canada, Mexico, and Europe remain confusing to the general public. If this situation does not improve within the next month, he fears there could be real damage to America’s economic progress.

On Monday, shares of Delta Airlines fell by 14 percent. Ed Bastian, the company’s CEO, blamed the uncertain state of the US economy for this decline. Ross Mayfield, a market expert from Kentucky, noted that the Trump administration appears uninterested in stopping the stock market’s fall. It seems they might accept a recession as part of achieving their larger goals.