Trump's Tariffs Tip Economy 'Perilously Close' To A Recession, Largest U.S. Bank Warns

Trump tariffs sow fears of trade wars, recession and a $3,000 iPhone

Countries around the world threatened to wage a trade war with the US. Read more at straitstimes.com.

The US bank called the tariffs the biggest tax hike on US households and businesses since 1968.

Cliff Asness Slams Tariff Logic: 'Idiots Bray Like They've Scored A Point:' Warns Recession-Driven Deflation Isn't A Feature - JPMorgan Chase (NYSE:JPM)

Cliff Asness, Chief Investment Officer at AQR Capital Management, criticized proponents of tariffs Thursday, challenging claims that tariffs lead to deflation rather than inflation. What Happened: “Idiots say this and bray like they’ve scored a great point,” Asness wrote on X. “What they mean is giant arbitrary tariffs are so bad they eventually cause recessions which then cause deflation. They then present this as a feature.” His comments came …

Analysts at JP Morgan estimate the chance of a global recession as a result of the US import tariffs announced on Wednesday at 60 percent. That…

The hopes that Donald Trump moderated the tone to avoid further deterioration of the economy fell into a broken sack. The imposition of taxes has exceeded all expectations. “This is one of the worst possible scenarios that raises the risk of global recession,” they point out from Macroyield. The market consensus expects uncertainty to continue over the coming months, a period in which the evolution of the economy and the negotiations to lower th…

Lael Brainard: Gain for the wealthy and pain for the workers in Donald Trump’s trade war

The Trump administration’s shock-and-awe approach to economic policy has already depressed the US stock market, raised investors’ expectations of a recession and increased consumers’ concerns about inflation. Administration officials have suggested this pain is necessary for broader gain.