The US stock market is on track for its worst first 100 days of any presidential term since President Gerald Ford assumed office in 1974.

The stock market hasn’t made any big moves today despite more passive action on tariffs by the administration as earnings reports have come in mixed and many firms are starting to feel the effects of the trade war.

U.S. stocks closed out Donald Trump’s first 100 days back in the Oval Office on a sour note, with the president’s trade policies taking the blame for derailing a thriving market and stoking fears the world’s largest economy could slip toward recession.