""Sometimes you have to take medicine to fix something," Trump told reporters aboard AirForce One on Sunday evening."
"JP Morgan said last week it believes the odds of a global recession are now at 60% by the end of the year, compared to 40% before Trump's vast array of tariffs was announced."
"Deutsche Bank warned in a research note that as Trump doubles down, the new tariffs would have 'immense global implications for 2025 and the years and decades ahead.'"
The global financial markets faced a rout as investors reacted to President Trump's new tariffs on key trading partners. Concerns about a potential global trade war have surged, with expectations of higher manufacturing costs, increased inflation, and declines in investment. JP Morgan has raised the probability of a global recession to 60% due to these trade policies. Asia has been particularly affected, with countries seeking new trade deals in response. China retaliated by imposing tariffs on U.S. goods. Analysts warn of long-term implications for the global economy.
Read at www.dw.com
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