Recession Ahead? Trump’s Tariffs Crash Markets, Shock Global Economy
April 4, 2025
US President Donald Trump's "Liberation Day" tariffs have sparked recession fears and international economic turmoil. Announced on April 2, 2025, they put a minimum 10% duty on all imports, much higher rates on major trade partners. Markets dipped, inflation worries mounted, and analysts cautioned of delayed growth, reduced consumer spending, and potential retaliation from major economies. Fitch Warns of Recession Risks Fitch Ratings warned that steep tariff increases may plunge...
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