US EditionTariffs, economic uncertainty raise risk of recession
- Confusion over tariffs has marked the early months of President Donald Trump's second term, as he announced and altered tariffs on imports from Canada, Mexico, and China multiple times.
- During his presidency from 2017 to 2021, Trump imposed tariffs on solar panels and selected Chinese industries. His successor, President Joe Biden, maintained and added tariffs on China-made products, including electric vehicles and medical equipment.
- Economists, including Luisa Blanco from Pepperdine University, state that tariffs are inefficient and detrimental to consumers, who face higher prices whether paying for U.S.-made goods or imported alternatives.
- Blanco expressed concern for low-income individuals, stating they are most affected when prices rise due to tariffs, ultimately hurting their household budgets.
11 Articles
11 Articles
US Fed chair: The likelihood of a US economic recession is increasing
US Federal Reserve chair Jerome Powell noted that Trump's policies have increased economic uncertainty, raising the likelihood of a US recession. He was addressing the media after the Fed kept interest rates unchanged at the close of its March meeting on Wednesday.
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jocoreport.comYou Decide: Why Are Recession Fears Back?
Contributed by Mike Walden There’s a word most economists — indeed, most people — don’t want to hear, and it begins with an “r.” I’ll give you a 5-second countdown to guess: 5,4,3,2,1.. Buzz, time’s up. The word is “recession,” and I expect most of you guessed correctly. Yes, after being out of the headlines for most of the past year, the “R-word,” recession, is making a comeback in the news. Indeed, one economic measure designed to predict rece…
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