US EditionTrump's tariffs are the biggest tax hike since 1982 – Statista
- On April 2, 2025, President Donald Trump declared a 10 percent tariff on all imports, effective April 5, with specific tariffs starting on April 9.
- The announcement caused the worst two-day loss in U.S. Stock market history, resulting in a loss of $6.6 trillion in value before the weekend.
- Analysts at JPMorgan estimated a 60 percent likelihood of a recession due to fears stemming from the trade conflict between the U.S. And China.
- Oil prices dropped significantly, stabilizing around $60 per barrel, as recession fears grew.
10 Articles
10 Articles
Trump's tariffs are the biggest tax hike since 1982 – Statista
The Trump administration’s so-called reciprocal tariffs on countries around the world announced on April 2 will raise government revenue in 2025 by $290bn, or 0.95% of GDP, constituting the biggest tax hike since 1982.
Trump’s economic chaos is anti-globalist revolution that young working-class voters ordered
Figuring out the future impact of U.S. President Donald Trump’s new global tariffs has turned into the economic equivalent of trying to decode modern art: confusing, polarizing and mostly just a bunch of projections.
Trump’s economic chaos is the anti-globalist revolution that young, working-class voters ordered
Figuring out the future impact of U.S. President Donald Trump’s new global tariffs has turned into the economic equivalent of trying to decode modern art: confusing, polarizing and mostly just a bunch of projections. Economists are squinting at charts like…
It was enough for Trump to realize once again one of his campaign promises, fulfilling his voter base, so that the press, politicians
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