RawDiary

Trump’s Tariffs: A Recession Catalyst?

President Trump's sweeping reciprocal tariffs risk plunging both America and the global economy into recession. His aggressive trade war is rattling markets and sending stock indices into freefall, threatening consumer prices and international trade balances.

24 Hours President Trump’s aggressive tariff strategy has plunged global markets into chaos, triggering fears of a looming recession. The imposition of sweeping reciprocal tariffs has rattled U.S. stock indices and spurred retaliatory actions abroad. In South Korea, political turmoil culminated in President Yoon’s removal amid a failed martial law bid. National security has been upended with top NSA officials and Pentagon watchdog probes over cyber and satellite threats. Domestically, Dr. Oz’s confirmation to lead Medicare and Medicaid, rising gas prices, and a freeze on federal funds to Brown University highlight growing policy battles. Meanwhile, trade tensions, immigration controversies compound the crisis.

Number Dow Jones: -1,400 pts - Worst Day Since Covid

Quote “There will be blood.” — JP Morgan Analyst