April 4, 2025 - 05:40
JP Morgan's chief global economist has raised concerns about the United States' economic outlook, stating that the risk of entering a recession has now climbed to 60%. This alarming assessment comes in the wake of former President Donald Trump's aggressive tariff policies, which have sparked significant uncertainty in the markets and trade relations.
The economist emphasized that the impact of these tariffs could lead to detrimental consequences for both domestic and global economies. The phrase "there will be blood" was used to illustrate the potential fallout from escalating trade tensions, suggesting that businesses and consumers alike could suffer if the situation continues to deteriorate.
As tariffs affect prices and supply chains, the potential for reduced consumer spending and business investment looms large. Analysts are urging policymakers to consider the long-term implications of such economic strategies, as the stakes for the U.S. economy grow increasingly precarious. The situation calls for careful monitoring and strategic responses to mitigate the looming risks.
