JPMorgan Ups Odds of Global Recession to 60 Percent Following Trump Tariffs

Alarm over U.S. President Donald Trump’s tariffs continues to grow, with stocks plummeting and JPMorgan warning that “the risk of recession in the global economy this year is raised to 60%, up from 40%.” After China announced new 34% tariffs on all American goods beginning next week, The Associated Press reported Friday that “the S&P 500 was down 4.8% in afternoon trading…

Source

This post was originally published on Latest – Truthout.