- 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

JPMorgan Says Trump’s Tariffs to Send US Into Recession

Bloomberg News

Summary

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Truist pointed to expectations of lower interest rates, slowing economic growth, and rising loan-loss provisions as key downside risks for the banking sector following President Trump’s sweeping trade tariffs announced earlier this week.
Asianet Newsable
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Trump announced at least 10 percent blanket tariffs on all countries — except for Russia — Wednesday, sending investors into a panic.
The Independent
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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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JPMorgan is less certain on the bank sector after the United States lifted tariffs on all imports entering the country.
CNBC

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