Trump's Tariffs Tip Economy 'Perilously Close' To A Recession, Largest U.S. Bank Warns
- President Trump announced new tariffs on imports from most countries on Wednesday.
- Trump declared an economic emergency to justify the tariffs, citing trade imbalances.
- The tariffs, starting at 10%, could reach 34% for Chinese imports.
- JPMorgan Chase called the tariffs the 'largest tax hike since 1968'.
- Analysts warn the tariffs risk recession, higher prices, and disruption to global trade.
95 Articles
95 Articles
Lael Brainard: Gain for the wealthy and pain for the workers in Donald Trump’s trade war
The Trump administration’s shock-and-awe approach to economic policy has already depressed the US stock market, raised investors’ expectations of a recession and increased consumers’ concerns about inflation. Administration officials have suggested this pain is necessary for broader gain.
'There will be blood': JPMorgan warns recession odds skyrocketed after 'substantial shock'
A day after issuing a scathing assessment of President Donald Trump's key economic agenda, JPMorgan’s top economist raised estimates the odds of a global recession at 60%.Analysts at JPMorgan Chase warned late Wednesday that the impact of Trump’s new set of tariffs — which they dubbed “the largest ...
The financial questions you should ask yourself in the wake of tariff announcement
Financial expert Mike Armstrong says the probability of the country plunging into a recession looks "higher than it was yesterday" after President Donald Trump announced a sweeping set of tariffs.
Legendary economist says Trump's tariffs could replay 'devastating history'
Legendary economist Thomas Sowell weighed in on President Donald Trump's tariffs in an interview released Wednesday, saying that sweeping tariffs risk triggering a trade war and repeating the "devastating history" of trade policies that worsened the Great Depression.The Hoover Institution on Wednesday released an excerpt of an interview recorded Tuesday with Sowell, the Rose and Milton Friedman senior fellow on public policy at the Hoover Instit…
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