Trump, Recession and Tariffs
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TIME |
“It will be difficult for the U.S. to avoid a recession if the tariffs stay at the level that's been announced,” Claudia Sahm, chief economist at New Century Advisors, tells TIME.
Reuters |
Asian equity markets sank, European shares crashed to a 16-month-low and oil prices plummeted as investors feared the duties Trump announced last week could lead to higher prices, weaker demand and p...
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White House senior counselor Peter Navarro rejected suggestions that President Donald Trump's tariffs would drag the U.S. economy into recession, and touted forthcoming tax cuts as the reason. "I guarantee no recession.
Stocks in Asia extended a slide on Wall Street on Wednesday as President Donald Trump looked set to press ahead with whopping 104% tariffs on Chinese goods, pummelling oil prices to four-year lows as global recession fears gripped financial markets.
Bank analysts are busy raising their estimates of the likelihood of a global recession this year. JPMorgan Chase now puts the chances at 60%. There are also more precise measures of investors’ expectations for global growth.
A majority of American adults are deeply skeptical about President Donald Trump's new tariff policy according to a new YouGov survey, with more than half of those polled saying they regard the policy as "the largest peacetime tax hike in U.
1don MSN
CEOs expect a recession, price hikes and job losses as a result of President Trump's tariffs, according to a flash survey of CNBC CEO Council members.
In his annual letter to shareholders, Jamie Dimon talked tariffs, recession fears and culture wars, among other things.
Trump's new phrase came in response to criticism he has received over his new "Liberation Day" tariffs, announced last week.