U.S. stocks were on pace to close out Donald Trump’s first 100 days back in the Oval Office on a sour note, with the president’s trade policies taking the blame for derailing a thriving market and stoking fears the world’s largest economy could slip toward recession.

President Donald Trump’s first 100 days in office are the worst for the stock market for the start of a president’s four-year term since the 1970s.

We’ve just gotten started,” the president said after a whirlwind three months including steep tariffs on imports, massive cuts to the federal workforce and deportations of undocumented immigrants. “You haven’t seen anything yet.