Global markets are preparing for potential volatility as new tariffs announced by former President Donald Trump are set to take effect on Monday. Analysts, including those from Goldman Sachs, are warning that these tariffs could negatively impact stock prices and pose downside risks to S&P 500 earnings. Market observers are concerned about the broader implications for Wall Street and international markets as the U.S. trade war escalates. Various reports indicate that the financial community is bracing for a significant market reaction to the impending tariffs, with some arguing that concerns may be overstated.