Trump’s tariffs to send U.S. into recession: JPMorgan
JPMorgan Chase & Co. said it expects the US economy to fall into a recession this year after accounting for the likely impact of tariffs announced this week by the Trump administration.
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JPMorgan Chase & Co. said it expects the US economy to fall into a recession this year after accounting for the likely impact of tariffs announced this week by the Trump administration.
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The plunge in oil prices over the past two days following the twin shocks of U.S. President Donald Trump’s tariffs and the surprise boost in production from OPEC+ has altered the global energy landscape with stunning speed.
Economists say the tariffs are expected to increase prices for everyday items, warning of potentially weakened U.S. economic growth.
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