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From the opinion pages of the Wall Street Journal, this is Potomac Watch. The world stock markets

continue to fall since Donald Trump unleashed his tariff barrage. Last Wednesday evening,

American shares were falling for the third day in a row on Monday as we tape this, following

a route in Asia with Japanese shares falling nearly 8% in the index

and Hong Kong's Hengseng Index falling 13% after having been closed on Friday.

Is a recession coming? Donald Trump says not to worry.

You have to have some pain when you're undertaking an economic revolution,

but signs of political pushback to tariff seem to be beginning. This is the biggest political

and economic story of the day, if not the year, and it's our subject on Potomac Watch today.

Welcome, I'm Paul as you go with the opinion page of the Wall Street Journal. I'm here

with my colleagues, Joe Sternberg, and Mary Anastasia O'Grady, both of whom follow the financial

markets and the economy. Let's start with the markets, Mary, what do you think they're telling us,

signaling with the turmoil you now see across, not just equity markets, but really all financial

markets.

Well, I was looking at equity markets this morning, and I think one interesting thing that

happened was that in the opening of the market, it sold off really hard.

A rumor went around.

...