
US Tariffs Spark Global Recession Worries
Global companies are worried about a possible recession in the US and worldwide due to President Trump's new tariffs. These tariffs, which have already begun and will continue in April, are causing tensions with China and could lead to a trade war. JP Morgan has raised the chance of a recession to 60%, and other financial institutions are also adjusting their predictions. The tariffs affect many imports, excluding those from Mexico and Canada. While China has announced its own tariffs in response, other countries are watching closely. A recession is defined as a significant decline in economic activity across various sectors and typically lasts for several months.