00:00Wall Street just hit a turning point, and it's shaking global markets.
00:04For years, investors believed in American exceptionalism,
00:07the idea that the U.S. economy could power ahead no matter what.
00:11But that belief is now cracking.
00:13Since Donald Trump's return to power, tariffs have come back with a vengeance,
00:18targeting imports from China, Mexico, and Canada.
00:21The impact? A rare and sharp drop in both U.S. stocks and the dollar.
00:26The S&P 500 is down nearly 4% this year.
00:30The dollar has dropped by the same amount.
00:33That's not normal.
00:34This kind of double sell-off has only happened a handful of times in 25 years.
00:39Even big names like Goldman Sachs and JP Morgan are turning bearish.
00:43They say Trump's trade war and a softening economy are pushing investors to look elsewhere.
00:48Meanwhile, global markets, excluding the U.S., are rising.
00:52Some still believe America can bounce back,
00:55but the era of unquestioned U.S. dominance might just be over.
00:59And the world is watching to see what happens next.
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