RawDiary

Trump's Tariff Gamble: Recession Risk Looms - JP Morgan Warns

President Donald Trump's sweeping new tariffs, aimed at rebalancing global trade, are stoking fears of an imminent recession, warns JP Morgan. With international markets reeling and consumer bills predicted to surge, the move signals a bold, high-stakes policy shift that has rattled global allies and adversaries alike.

24 Hours President Donald Trump has launched a series of sweeping reciprocal tariffs that are rattling global markets and igniting fears of a U.S. recession. Top financial institutions warn of rising consumer costs and potential trade retaliation from key allies, including the EU, UK, and Canada. Meanwhile, geopolitical tensions escalate with Iran issuing stark warnings and Gulf States restricting U.S. military access. Domestic political rifts deepen as lawmakers clash over policy and budget blueprints, while corporate earnings and tech stocks suffer sharp declines. The economic and geopolitical stakes have never been higher.

Number 10% - Baseline tariff on all imports

Quote "They charge us, we charge them." — Donald Trump