JP Morgan predicts US recession by 2025-end due to Trump tariffs
Saturday, 5 April 2025 () J P Morgan projects a US recession by the end of 2025, attributing it to President Trump's new reciprocal tariffs. The forecast indicates a potential GDP decline and higher unemployment. Federal Reserve Chair Jerome Powell echoed the concerns, highlighting that tariffs may cause higher inflation and slower growth.
UK car industry chief Mike Hawes warns that new 25% US tariffs could severely impact manufacturers, raising prices for American consumers and depressing demand. He said the tariffs, alongside existing 10% global levies, risk fuelling inflation and recession. Hawes urged the UK government to secure a...
US President Donald Trump stated that he heard India is set to "drop tariffs very substantially" on American goods. His remarks come just a day before reciprocal global tariffs are set to take effect...
Donald Trump has expressed anger over Russian President Vladimir Putin's comments on Ukraine. In a fiery NBC interview, Trump threatened to impose secondary tariffs on Russian oil if Russia is blamed..
Putin Blocking Trump’s Ukraine Peace Deal? Russia’s “Impossible” Demands Could Shatter Peace Plans. As U.S.-Ukraine talks intensify in Jeddah, reports suggest Russian President Vladimir Putin..
In a note to investors released on Friday evening, the firm's chief U.S. economist, Michael Feroli, said that the country's gross domestic product (GDP) is... DNA
Saturday, 5 April 2025 ()
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