Negative economic impact on US already surfacing as US reciprocal tariffs approach: reports

Global Times China

Global Times China

Summary

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Economic growth has flatlined so far this year.
Axios
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With decision day looming this week for President Donald Trump's latest round of tariffs, Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill.
CNBC
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Goldman Sachs also increased its inflation estimate, slashed its 2025 GDP forecast to just 1% and bumped up its year-end unemployment rate outlook by 0.3 percentage points to 4.5%.
CNN
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The likelihood that the U.S. economy will plunge into a recession in 2025 has risen to 40 percent, from an initial 15 percent estimated by Moody's Analytics chief economist Mark Zandi at the start of the year.
Newsweek

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