JPMorgan Raises Risk of a Recession to 60%, As Tariffs are Set to Take a Toll
- President Trump announced new tariffs on imports from most countries on Wednesday.
- Trump declared a national economic emergency to restore fairness to global trade and generate revenue.
- The tariffs include a baseline 10% tax, with higher rates for some nations like China and the EU.
- Economist Michael Feroli stated Trump's policies take the economy 'perilously close' to recession; Trump stated that other nations have 'looted, pillaged, raped and plundered' the country.
- Analysts predict these tariffs could lead to a recession and higher consumer prices.
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Coverage Details
Total News Sources163
Leaning Left27Leaning Right25Center28Last UpdatedBias Distribution35% Center
Bias Distribution
- 35% of the sources are Center
35% Center
L 34%
C 35%
R 31%
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