<h1>Trade tariffs prompt market volatility and inflationary concerns, risking supply disruptions and reduced consumer spending.</h1> Presidentially announced Trade Tariffs and reciprocal levies target imports across multiple sectors as a tool to incentivise manufacturing reshoring and address perceived unfair trade practices. The phased rollout and uncertainty around tariff details have weakened market sentiment, hit equity sectors unevenly, and prompted safe-haven demand for gold. The text highlights transmission channels including inflationary pressure, supply chain disruption, reduced consumer and business spending, and increased recession risk arising from both the tariffs themselves and the uncertainty of their implementation.