US EditionWill Trump’s Tariffs Push the U.S. Economy Into Recession? Many Economists Think So.
- On June 4, the US raised tariffs on imported steel and aluminum to 50 percent, escalating President Trump's approach to trade policy and impacting the economy.
- This tariff escalation, along with a proposed 100 percent tariff on foreign-made movies, has increased uncertainty, causing many businesses to delay investment and staffing decisions.
- Economists warn that these tariffs have stagflationary effects, with Apollo’s chief economist Torsten Sløk noting tariff hikes usually slow growth and raise inflation simultaneously.
- Sløk projects GDP growth slowing to about 1.2 percent in 2025 while inflation remains above average, and surveys show business confidence halving with 44 percent delaying plans this year.
- These factors have pushed recession risk to 25 percent this year, with tariff negotiations ongoing with Japan particularly focused on the auto sector, indicating continued global economic tensions.
13 Articles
13 Articles
Experts warn Trump’s economy 'signals a recession' as business leaders’ confidence cuts in half
Newsweek reports business leaders' confidence in the U.S. economy has halved, according to JPMorgan Chase & Co.Companies appear to be grappling with the impact of President Donald Trump's tariffs and the geopolitical uncertainties he causes, says the firm's latest Business Leaders Outlook Survey. The study found optimism for the economy falling to 32 percent in June, down from January’s 65 percent. Additionally, 25 percent of respondents said th…
The US is staring down a fate worse than recession, and 4 other bold forecasts from a top economist
AP Photo/Henny Ray AbramsTorsten Sløk has said the risk of stagflation still hangs over the US economy.The Apollo chief economist pointed to lower growth and higher inflation expectations due to tariffs.The top economist had several other big calls in his midyear outlook.The US has flirted with the dreaded S-word for much of this year, and it's not out of the woods yet.That's according to Torsten Sløk, the chief economist at Apollo Global Manage…
Hollywood is not the centre of film world, says Cate Blanchett in swipe at Trump tariffs
Cate Blanchett has hit out at Donald Trump’s proposal to impose 100pc tariffs on foreign-made films, warning the move undermines the global nature of the film industry and questioning the idea of Hollywood as a purely American institution.
Tariffs could impact everything from rent to Halloween costumes, panel says
If you’re going to get a Halloween costume this year, you better order it now. Commercial real estate executive Michael Tucker got that advice from several clients who warned that tariff uncertainty could limit the availability of witch, wizard and monster attire this October. “That stuff is manufactured completely in China,” Tucker said Wednesday, June 18, at the National Association of Real Estate Editors conference in New Orleans. “A lot of t…
Coverage Details
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
To view factuality data please Upgrade to Premium
