RawDiary

Economic Ice Age? Tariff Fallout Threatens Recession, Warn Economists

President Trump's new batch of sweeping tariffs has rattled the economy, with leading economists warning that skyrocketing trade tensions and steep import fees could plunge the nation into a deep recession while inflation soars. Global markets are reeling as investors scramble to safe havens, and international allies prepare countermeasures, heightening geopolitical tensions.

24 Hours President Trump's aggressive tariff campaign has jolted global markets and sparked retaliatory measures. U.S. tariffs, declared under a deficit emergency, have dragged down stock indices and rattled the auto and tech sectors. European leaders, including von der Leyen, warn of further counterattacks, while China faces a staggering 54% levy. Amid mounting diplomatic tensions, Elon Musk appears poised to exit Trump's inner circle, intensifying power struggles. Meanwhile, the Russia-Ukraine war rages on as NATO allies demand clarity. Immigration controversies and Supreme Court rulings complicate the domestic scene, while violent storms threaten communities across the U.S. as chaos intensifies.

Number 54% - China faces new tariffs under Trump’s order

Quote "Do not retaliate." — Treasury Secretary Scott Bessent