Trump's announcement of a 10% baseline tariff on all trade partners, plus additional duties for many countries, has sent global markets spiraling. Stocks continue to fall since announcement, with the Dow Jones, S&P 500, and Nasdaq posting their largest two-day declines since the emerging coronavirus. Global recession and inflation fears are growing due to the tariffs. The tariffs could have a significant impact on Israel, as a US recession could raise the risk for recession around the world. Theories online suggest that Trump may be causing the crash to push cash into treasuries and force a fed rate cut.