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Will the tariffs lead to a recession? Here's how to know if we're in one

  • Donald Trump's recent tariff hikes have unsettled Wall Street and economists.
  • These tariffs, including a 10% duty on most countries, prompted recession concerns.
  • Treasury data shows tariffs will modestly affect GDP, but increase inflation.
  • Jerome Powell stated on Friday that tariffs could worsen inflation; Trump said, "sometimes you have to take medicine to fix something."
  • Economists are closely watching for a potential economic downturn or recession.
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Will the tariffs lead to a recession? Here's how to know if we're in one

President Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession. Economists at Goldman Sachs have…

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Crikey broke the news in Australia on Monday, April 7, 2025.
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