Trump’s tariff fight may be making this early recession signal go haywire - MarketWatch
1. Tariffs may harm the U.S. economy, affecting junk-rated bonds. 2. Recent selloff includes bonds from retailers like Nordstrom (JWN). 3. Credit spreads widened for riskier bonds, signaling investor concern. 4. Consumer sentiment is declining, affecting retail spending. 5. Market uncertainty persists due to Trump's evolving policy agenda.