Trump’s tariffs to send U.S. into recession: JPMorgan
JPMorgan Chase & Co. said it expects the US economy to fall into a recession this year after accounting for the likely impact of tariffs announced this week by the Trump administration.
ADVERTISEMENT
Sponsored by
JPMorgan Chase & Co. said it expects the US economy to fall into a recession this year after accounting for the likely impact of tariffs announced this week by the Trump administration.
ADVERTISEMENT
The plunge in oil prices over the past two days following the twin shocks of U.S. President Donald Trump’s tariffs and the surprise boost in production from OPEC+ has altered the global energy landscape with stunning speed.
Trump’s move on Wednesday to place stiff new tariffs on imports from nearly all U.S. trading partners marks an all-in bet by the Republican that his once-fringe economic vision will pay off for Americans.
Find out who's on BNN Bloomberg TV today.
See all guestsCut out the noise. Hear what matters.
Watch nowGet a customizable stock list and breaking news alerts.
Download now