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JPMorgan analysts say recession risk increased to 60% since Trump announced tariffs: 'There will be blood'
By Katherine Tanya low
https://www.businessinsider.com/jpmorgan-analysts-recession-risk-trump-tariffs-2025-4
JPMorgan analysts told clients that Trump's tariff plan will have drastic economic effects.
The risk of the global economy falling into a recession has increased from 40% to 60%, they warned.
The restrictive trade policy also risks supply-side damage that'll lower US growth in the long run.
JPMorgan's chief global economist has a bleak outlook on President Donald Trump's aggressive tariff policy: "There will be blood."
In a research note to clients published on Thursday, JPMorgan's Bruce Kasman, along with several other company economists, warned that the risk of the global economy falling into a recession has increased from 40% to 60% in response to Wednesday's "Liberation Day" tariff announcement.
Trump on Wednesday announced sweeping 10% tariffs on goods from any country imported into the United States, and even higher tariffs for 60 trading partners with a persistent trade deficit with the US.
By Katherine Tanya low
https://www.businessinsider.com/jpmorgan-analysts-recession-risk-trump-tariffs-2025-4
JPMorgan analysts told clients that Trump's tariff plan will have drastic economic effects.
The risk of the global economy falling into a recession has increased from 40% to 60%, they warned.
The restrictive trade policy also risks supply-side damage that'll lower US growth in the long run.
JPMorgan's chief global economist has a bleak outlook on President Donald Trump's aggressive tariff policy: "There will be blood."
In a research note to clients published on Thursday, JPMorgan's Bruce Kasman, along with several other company economists, warned that the risk of the global economy falling into a recession has increased from 40% to 60% in response to Wednesday's "Liberation Day" tariff announcement.
Trump on Wednesday announced sweeping 10% tariffs on goods from any country imported into the United States, and even higher tariffs for 60 trading partners with a persistent trade deficit with the US.
