- USA
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JPMorgan Says Trump’s Tariffs to Send US Into Recession

Bloomberg News

Summary

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Risk of global recession raised; tariffs seen as largest tax hike on US households
Gulf News
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Share prices tumbled around the world on Friday as markets took fright over the US president’s sweeping introduction of tariffs on almost every country.
The Independent
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Even in a scenario where there are tax cuts, and there is "relatively modest" retaliation though, GDP growth was still likely to be three-tenths to four-tenths of a percentage point lower than S&P's most recent forecasts.
The Gazette
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The economist puts the odds of a recession this year now at 60%, up from 40% before the tariff rollout.
CNBC

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