The April market sell-off has raised fears that Trump’s shifting tariff policy is undermining long-term investor confidence in the U.S. economy, according to CNBC. The S&P 500 has fallen over 5% since Trump’s April 2 tariff announcement, with simultaneous declines in Treasurys and the U.S. dollar. Market experts say the flight from U.S. assets may signal more than a temporary pullback. The market shifts could hurt U.S. companies with foreign sales and fuel anti-American sentiment if the trade standoff persists. BlackRock CEO Larry Fink pointed to rising anti-American sentiment abroad, warning that brand reputations could suffer.