US President Donald Trump has acknowledged the possibility of a recession in the country, prompting everyone to brace for its effects. However, the head of the White House does not consider such a scenario to be dramatic. Nevertheless, the stock market has come close to pessimism. On March 10, US stock futures fell after Trump said the US economy was entering a "period of transition."

The American leader did not rule out a potential slowdown in the US economy. "There is a period of transition, because what we're doing is very big," the president explained.

Following these comments, futures on the Dow Jones, the S&P 500, and the Nasdaq indices lost more than 1%. Many stocks have been under pressure this month due to uncertainty surrounding the ever-changing tariff policy. Earlier, Trump threatened to impose hefty tariffs on imports from Canada and Mexico but later delayed them until April 2, 2025.

Furthermore, the White House leader doubled the tariff on all Chinese imports from 10% to 20%. The icing on the cake was the imposition of a 25% tariff on all steel and aluminum imports.

Last week, the US president also threatened tariffs on Canadian dairy products. He had previously planned to impose "terribly high" tariffs on lumber imports from the neighboring country. Meanwhile, Trump allowed that tariffs could "increase over time."

Such a situation only adds to the anxiety and tension in the global market. "The talk of tariffs is, in a lot of ways, worse than the implementation of them," David Bahnsen, chief investment officer at the Bahnsen Group, noted. "The tariff talk, reversal, speculation, and chaos only fosters uncertainty." The expert believes this situation will "persist long enough to do damage to economic activity for at least a quarter or two." Ultimately, though, he thinks it will end in deals with several countries, but the reason for America going through all of this will remain unclear, he added.