Trump’s Tariffs Spark Recession Fears, Experts Warn
Recent analyses from leading financial institutions and economic experts have raised alarms over the potential for a recession triggered by former President Donald Trump's tariff policies. According to a report by ABC News, the imposition of tariffs has led to significant economic strain, with experts warning of a looming recession. Goldman Sachs, as reported by Fortune, has indicated that the U.S. economy is showing signs of contraction due to these tariffs, further fueling recession fears.
Barron's highlighted the impact of these tariffs on consumer stocks, noting a downturn in market performance as a direct result of the policy. CNN's coverage emphasized Goldman Sachs' analysis, which suggests that the tariffs are not only affecting the economy but also consumer confidence and spending patterns. The consensus among these reports is clear: the tariffs implemented during Trump's administration are causing significant economic disruption, with the potential to push the U.S. into a recession.
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What causes a recession?
What triggers recessions? No recession is the same, but downturns are often caused by a shock of some kind — such as a spike in oil prices or, in the case of the 2020 downturn, the Covid pandemic.
What is Trump?
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021. Donald Trump.
Is America going into a recession?
The US economy faces a growing risk of a recession as surging tariffs threaten to stunt growth, reignite inflation and lift unemployment, according to Goldman Sachs. The Wall Street bank warned clients Sunday night that it now sees a 35% chance of a recession in the next 12 months, up from 20% previously.
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