As the April 2 deadline approaches for President Donald Trump's reciprocal tariffs, market analysts are expressing heightened caution. Many businesses have paused operations in anticipation of this tariff implementation, leading to concerns about its impact on economic forecasts for 2025. Analysts suggest that the market may experience a 'sell the rumor, buy the news' scenario, with fund flows indicating that much of the risk is already priced in. The CBOE SKEW Index supports this view, reflecting market sentiment ahead of the tariff day. Experts warn that while current tariff hikes have negatively affected markets and American consumers, the situation may stabilize once the tariffs are enacted. However, the uncertainty surrounding the tariffs remains a significant factor affecting market performance. Economic advisors have indicated that the upcoming tariffs could result in various outcomes, including potential reductions in tariffs or heightened tensions leading to a global economic crisis. The risks associated with these tariffs include the possibility of stagflation or recession, which are closely tied to Trump's economic policies.