US EditionS&P Global warns states about slower growth, recession
- On April 2, 2025, President Trump announced new tariffs on Chinese goods, calling the day 'Liberation Day' for American trade, and paused most tariffs seven days later for 90 days.
- These actions aimed to restore U.S. Manufacturing jobs, shift tax burdens away from families, and reduce national debt amid a decades-long loss of manufacturing to lower-wage countries.
- Trump continued to impose a 10% tariff as a baseline and a 145% duty on imports from China, upheld existing tariffs on steel, aluminum, foreign vehicles, and auto parts, while conducting trade negotiations with more than 75 countries.
- S&P Global noted the tariff escalation exceeded market expectations and warned that slower growth or recession posed the largest risks to public finance sectors, especially governments balancing operations.
- S&P Global reduced its outlook for worldwide economic growth by 0.3 percentage points for 2025 and 2026, including a downward revision of U.S. Economic expansion by approximately 0.6 percentage points, and simultaneously increased its inflation projections, though it does not currently expect a recession in the U.S.
57 Articles
57 Articles
IMF's uncertainty forecast: Economic growth at risk | Minnesota Spokesman-Recorder
The IMF has published its latest World Economic Outlook, which predicts global GDP growth of 2.8% in 2025 and 3.0% in 2026, but with a significant downward revision from previous forecasts due to increased uncertainty caused by the recent tariff events. The post Trump tariffs causing worldwide instability appeared first on Minnesota Spokesman-Recorder.
S&P Global Warns States About Slower Growth, Recession - Worthy Christian News
By Brett Rowland | The Center Square (Worthy News) – A top credit-rating agency warned Wednesday that the most significant credit risks from President Donald Trump’s tariffs are tied to the potential for slower growth or an all-out recession. S&P Global released the report after Trump’s first 100 days in office. The report focused mainly on tariffs and uncertainty about those tariffs. “The April 2 tariff announcements by the U.S. administration …
InsideNoVA.com
S&P Global warns states about slower growth, recession
(The Center Square) – A top credit-rating agency warned Wednesday that the most significant credit risks from President Donald Trump's tariffs are tied to the potential for slower growth or an all-out recession.
S&P 500 INDEX (SPX): Economic Slowdown Stokes Recession Fears
Live Updates Live Coverage Updates appear automatically as they are published. Markets Off Worst Levels 12:16 pm by Gerelyn Terzo The markets are off their worst levels of the day, including the S&P 500, which is now posting a fractional decline. After spiraling as much as 600 points, the Dow Jones Industrial Average is now off by 200 points while the Nasdaq Composite is falling 1.3%. While the negative catalyst for the stock market sell-off…
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