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<h1>Trade tariffs drive market volatility, prompting growth downgrades and a flight to safer assets amid heightened uncertainty.</h1> A pronounced market sell-off was driven primarily by investor concern over trade tariffs and resultant policy uncertainty, prompting downward revisions to growth forecasts and higher perceived recession risk. The stress hit technology and consumer-exposed equities, pressured cryptocurrencies, and induced a flight to US Treasurys that lowered yields. While policy rollback could ease pressures, current tariff signals have already materially repriced assets and altered investor behavior.