Reciprocal Tariffs Spell Trouble For US As Economists Warn Of Impending Recession

We have had a Liz Truss moment here in the UK. Could we have a Labour version of that? Possibly. I think it’s quite likely.”

Robson said

Risks of recession have clearly gone up. I don’t see why there won’t be a recession at the moment. It’s difficult to see what the solution is unless America walks back on this,

he said

Trump’s tariffs could deal a double blow to the UK – stalling global growth while fuelling inflation. That’s a nightmare for any chancellor trying to stabilise debt. If markets lose confidence in the UK’s fiscal path, a gilt sell-off isn’t just possible – it’s probable.”

He added

Kristalina GeorgievaiMF Managing Director

Tariff measures clearly represent a significant risk to the global outlook at a time of sluggish growth.”

Kristalina Georgieva, the chief of the International Monetary Fund, also warned

If Trump doesn’t course-correct, this crisis will affect many different areas in global markets,

said Harald Berlinicke, a partner at Sarnia Asset Management

Trump’s tariff blitz risks triggering a global stagflation shock – and for the UK, that’s a recipe for a gilt crisis,

he said

If you think about the problem of being very indebted, you can be as indebted as you like as long as your nominal growth is higher than your interest rate.”

He said

The idea that this is a business-friendly administration - that's broken.

Kasman was blunt

We now expect real GDP to contract under the weight of the tariffs, and for the full year (4Q/4Q) we now look for real GDP growth of -0.3 per cent, down from 1.3 per cent previously,

According to JPMorgan Chase & Co

If realised, our stagflationary forecast would present a dilemma to Fed policymakers,

Feroli wrote

For us, we want the two countries to be friends, not enemies,

he said

For us, the manufacturing profit is very low, so we cannot absorb so much,

Ma told NBC News last week at his factory in the southern Chinese manufacturing hub of Guangzhou

But I would say that things are not looking very good,

Xu, who is based in Beijing, told NBC News in an interview Thursday

I think two countries will find a solution,

he said

This would have a really bad effect on the economic outcome of workers and households and businesses,

he said

The combination of big increase in taxes and the tariffs would increase the prices of these imported goods that households face [and] would mean that households would very likely see negative income growth… That alone would risk a recession in the US,

he said

Bryan Shaw (baseball)the entire Archbishop

This is the single biggest trade action of our lifetime,

said Kelly Ann Shaw, a trade lawyer at Hogan Lovells and former White House trade adviser during Mr Trump's first term

Howmet will be excused from supplying any products or services that are impacted by this declared national emergency and/or the tariff executive order,

Howmet wrote in the letter

There will be blood.”

Analysts at major investment bank JPMorgan have also raised the risk of a global recession to 60 per cent, telling clients

[The ... The tariffs], if sustained, would likely push the US and possibly global economy into recession this year. An update of our probability scenario tree makes this point, raising the risk of a recession this year to 60 per cent,

they say