JP Morgan assessed the risk of global recession due to Trump's tariffs
news.online.ua
Fri, 04 Apr 2025 18:04:00 +0300

What JP Morgan warns aboutRepresentatives of the bank published an analytical note prepared by a team of strategists led by Bruce Kasman.It says that the disruptive policies of the Donald Trump administration are recognized as the biggest risk to the global outlook throughout the year.In addition, it is noted that the White Houses approach has become less businessfriendly than previously predicted.
The impact of this tax increase is likely to be amplified by countermeasures, deteriorating business sentiment in the US, and supply chain disruptions, Bruce Kasman emphasized.
What is important to understand is that identical warnings were also issued by Barclays and Deutsche Bank teams.According to them, the American economy could quickly slide into recession if Trumps tariffs remain in place.Recall that official Beijing has been imposing 34 percent tariffs on all imports from the United States since April 10.
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