JPMorgan: Donald Trump’s tariffs will cause ‘blood’, raise recession risk to 60%
Friday, 4 April 2025 () JPMorgan’s chief global economist has issued a stark warning about the potential consequences of President Donald Trump’s aggressive tariff policy, predicting that “There will be blood.” In a research note published Thursday, JPMorgan’s Bruce Kasman, along with a team of company economists, cautioned that the probability of the global economy sliding into a recession has […]
President Donald Trump has escalated his trade war, calling the European Union "pathetic" and slapping a massive 20% tariff on all imports from the bloc. Europe now joins China, Japan, Taiwan, and Korea in what Trump calls the US "trade sin bin." With the highest US trade barriers since the Great...
In a fiery press conference, Senate Democrats launched a scathing attack on Donald Trump’s sweeping tariffs and the Republican-backed budget plan, calling it a "pincer of pain" that’s squeezing..
US President Donald Trump has pledged unwavering commitment to his aggressive tariff strategy, calling it a chance to “get rich.” Despite a massive stock market crash and mounting global backlash,..
The U.S.–China economic war escalates as Beijing hits American goods with a 34% tariff. President Donald Trump swiftly retaliated, slamming China for “panicking” and announcing harsher tariffs..
Friday, 4 April 2025 ()
JPMorgan’s chief global economist has issued a stark warning about the potential consequences of President Donald Trump’s aggressive tariff policy, predicting that “There will be blood.” In a research note published Thursday, JPMorgan’s Bruce Kasman, along with a team of company economists, cautioned that the probability of the global economy sliding into a recession has […]
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