Trump's tariff increase could cost U.S. households $700 billion, the largest de facto tax hike since LBJ needed to finance the war in Vietnam.

JPMorgan's chief global economist warned that Donald Trump's aggressive tariff plan increased the risk of the country falling into a recession.

The note to investors, from JPMorgan chief economist Bruce Kasman, was titled “There Will Be Blood.” “The effect of this tax hike is likely to be magnified—through retaliation, a slide in ...

To keep reporting during these dark and dangerous days, please help us reach our must-hit Spring Campaign goal. Our journalism is committed to cataloging Trump’s outrages and connecting the dots to ...

Dan is a senior editor at Raw Story based in Colorado, producing and editing breaking political news. Dan previously worked as a news associate at The Associated Press in Philadelphia, and later ...

JPMorgan’s economics team has just raised ... In a note entitled, “there will be blood,” chief economist Bruce Kasman and his team said this year’s 22-percentage tariff increase amounts ...

Economic forecasts show growing recession fears as Donald Trump's new tariff announcements dampen global business sentiment and disrupt supply chains.

That’s the simple conclusion reached by the top economic minds at JPMorgan. In a research report published on Thursday titled “There will be Blood”, the Wall Street investment bank argued ...

JPMorgan's economics team has just raised ... In a note entitled, "there will be blood," chief economist Bruce Kasman and his team said this year's 22-percentage tariff increase amounts to the ...

Bank economists estimate Trump's tariff increase would cost U.S. households $700 billion, equivalent to the largest de facto tax hike levied since LBJ's Revenue Act of 1968 financed his war in ...