Reported about 24 hours ago
JPMorgan Chase states that President Trump's total tariff increases of approximately 22% mark the largest tax hike in the U.S. since 1968. The bank has raised its risk of a global recession to 60%, citing potential retaliation, supply chain disruptions, and a negative shift in sentiment as factors. They warn that prolonged trade restrictions and reduced immigration could significantly hinder U.S. growth.
Source: YAHOO