- USA
  location (geo:U.S., geo:the United States, geo:USA, geo:United States, org:the United States, geo:US, org:U.S., org:US)
- Donald Trump
  person
- J. P. Morgan
  person

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

ABP Live

Summary

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The Trump administration's aggressive global tariff regime against imported goods from some of its closest allies has drawn strong reactions across the board.
NBC News
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Risk of global recession raised; tariffs seen as largest tax hike on US households
Gulf News
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Even in a scenario where there are tax cuts, and there is "relatively modest" retaliation though, GDP growth was still likely to be three-tenths to four-tenths of a percentage point lower than S&P's most recent forecasts.
The Gazette
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JP Morgan raised its probability of a US and global recession to 60%, up from 40% last month, citing the growing tariff-related stress on markets and investor confidence.
Hindustan Times

■ Story #27 ▪

issue 88:88 ▪

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12 sources ▪

updated 88:88

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