Trump, tariffs and recession
Digest more
Top News
Overview
Impacts
ABC News |
A policy of wide-ranging levies on foreign goods could tip the U.S. into a recession, experts said.
The New York Times |
President Trump is planning to gather his cabinet in the Rose Garden this week to announce a sweeping plan for global tariffs that he promised would correct decades of unfair trade relationships and ...
Reuters |
It is unclear how the 397-page report will impact Trump's reciprocal tariff plans.
Read more on News Digest
U.S. President Donald Trump's push for sweeping tariffs is creating great uncertainty and denting confidence but is not likely to trigger a near-term recession, International Monetary Fund Managing Director Kristalina Georgieva said on Monday.
Recession fears are growing as Trump teases new tariffs on "all countries." And special elections in Wisconsin and Florida are an early test of how voters feel about the president's economic policy. Susan Glasser,
Investment bank Goldman Sachs has warned that U.S. President Donald Trump's sweeping new tariffs may spike inflation and shrink the economy in coming months to the point of a recession.
New York Federal Reserve President John Williams said on Monday that monetary policy is "well positioned" for what the economy might do this year, as he acknowledged there are risks that inflation could once again heat up.
Explore more
Cox Automotive said it anticipates 15.6 million new vehicles will be sold in the U.S. in 2025, down from 16.3 million it originally forecast.
Both Moody's Analytics and Goldman Sachs have raised their expectations for the U.S. economy to slide into a recession this year.
Asian equities rose on Tuesday following Wall Street's overnight gains, while gold hit an all-time peak and Treasury yields fell as markets awaited details of U.S. President Donald Trump's reciprocal tariffs.