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Trump compares tariffs to 'medicine' as markets point to rough week ahead

  • Major stock indexes worldwide fell significantly as U.S. President Donald Trump continues with sweeping tariff plans, indicating the risk of recession could lead to Federal Reserve interest rate cuts as early as May.
  • The U.S. Stock markets lost nearly $6 trillion overall, with the S&P 500 futures down almost 5%.
  • JPMorgan now predicts a 0.3% decline in full-year U.S. GDP due to tariffs, linking them to an increase in the unemployment rate to 5.3%.
  • Trump described the tariffs as 'medicine' essential for fixing trade issues, dismissing market losses and emphasizing that foreign nations must pay significantly to lift them.
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  • 42% of the sources are Center
42% Center
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La Jornada broke the news in Mexico on Sunday, April 6, 2025.
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