US EditionJPMorgan Raises Risk of a Recession to 60%, As Tariffs are Set to Take a Toll
- J.P. Morgan has raised the probability of a U.S. recession to 60% due to the impact of new tariffs announced by President Trump, which include a 10% tax on all imported goods.
- Following Trump's tariff announcement, global stock markets have faced significant declines, raising concerns among economists about the worsening of economic conditions.
- China has retaliated with its own tariffs on U.S. Goods, exacerbating fears of an escalating trade war and negatively impacting global financial markets.
- Economists warn that rising prices from tariffs could lead to decreased consumer spending, potentially resulting in more job losses.
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Center
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The AtlanticReposted by 
Jingletree
JingletreeTrump’s Preoccupation With Tariffs
A dramatic shift in America’s trade policy has left economists warning of rising costs and the risk of a recession.
·Washington, United States
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NewsNation+10 Reposted by 10 other sources
JP Morgan predicts 2025 recession as Trump tariffs rattle market
(The Hill) — J.P. Morgan is forecasting that the U.S. economy will enter a recession this year as fallout from President Trump's tariffs has taken hold. In a Friday evening note to investors, the company's chief U.S. economist Michael Feroli said the firm predicts that gross domestic product (GDP) will likely contract "under the weight of the tariffs." Feroli added that the recession is also forecasted to "push the unemployment rate up to 5.3 [p…
·Chicago, United States
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Coverage Details
Total News Sources272
Leaning Left37Leaning Right32Center52Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 31%
C 43%
R 26%
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