These articles from CNBC and MarketWatch highlight market volatility and uncertainty influenced by U.S. trade tariffs and fiscal policy, leading to a potential "fundamental regime change" according to the European Central Bank. The sources indicate a sell-off in stocks and a spike in Treasury yields as concerns rise over the growing national debt, with a new Republican tax bill potentially exacerbating the deficit and triggering cuts to Medicare. While some retailers like Target cite tariff uncertainty for decreased sales and lowered outlooks, others like Amazon report no current impact on consumer spending, and certain areas like artificial intelligence and cryptocurrency continue to see investment and growth, despite the wider market concerns.

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