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Wall Street Journal (June 25)

2025/ 06/ 26 by jd in Global News

Steel and aluminum :”are trump’s worst tariffs.” They “will hit consumers, jobs and national security.” On June 3, President Trump announced that U.S. tariff rates on steel and aluminum would double to 50%, effective the next day.“ This move constitutes “the most reckless trade action of the Trump presidency.” The tariffs on these crucial manufacturing materials “will drive up the cost of U.S. manufactured products dramatically.” They may “drag the economy into a recession” and “will increase the probability of retaliation against American exports and an all-out trade war.” On top of that, the tariffs “will harm national security by increasing the cost of two essential components of defense procurement.”

 

Fortune (June 22)

2025/ 06/ 24 by jd in Global News

“Russia’s high-spending war economy, after years of defying predictions of imminent recession, is finally running into the hard limits of labor, productivity, and inflation.”

 

Market Watch (May 17)

2025/ 05/ 18 by jd in Global News

“President Donald Trump’s move to defuse an ugly trade war with China not only sparked a massive stock-market rally but also drove down the chances of a recession — for now.” Though it’s a welcome sign of relief, numerous obstacles remain. Nobody can rest assured. “Ongoing trade wars have not gone away, for one thing. Trump could change his mind or the U.S. could fail to strike more economic-friendly deals with China, after that 90-day pause, and other countries.” Moreover, the uncertainty has “made households and business hesitant to spend, hire and invest. Confidence has plunged in the past few months, and anxiety is unlikely to fade quickly.” U.S. growth remains likely “to taper off sharply this year.”

 

Wall Street Journal (May 13)

2025/ 05/ 15 by jd in Global News

“Economist Burton Malkiel might have called the stock market ‘a random walk,’ but investors could at least use earnings guidance by companies as road signs. Now they are largely walking blind.” With on-again, off-again tariffs, “nobody knows what the economy will look like in a few months’ time.” Some companies are leaning heavily on assumptions. “Others, such as General Motors, PepsiCo and Procter & Gamble, have lowered targets, while Volkswagen excluded tariffs from its outlook. United Airlines, creatively, offered one scenario for a stable environment and another for a recession.” Other companies have simply thrown in the towel. “Ford, Jeep-owner Stellantis, Delta Air Lines, and UPS took another route, scrapping their 2025 guidance altogether.”

 

Washington Post (April 15)

2025/ 04/ 17 by jd in Global News

A recession “looks much more likely than it did a few months ago, thanks to the cost and chaos of President Donald Trump’s tariff shock.” With its staggering debt-to-GDP ratio, the U.S. “is ill-positioned to weather another economic storm.” Should Trump’s “punishing tariff policy” lead to recession, “the government might not be able to finance economic relief with cheap debt” as the nation “has depleted its emergency reserves.”

 

Investment Week (April 1)

2025/ 04/ 02 by jd in Global News

“Some of the world’s largest investment banks and a major credit ratings agency have upped their expectations of a recession in the US and globally as trade war woes loom large.” U.S. President Donald Trump “is expected to unveil sweeping tariffs on major trading partners on Wednesday.”

 

Newsweek (March 29)

2025/ 03/ 30 by jd in Global News

“While the Trump administration is optimistic about the country’s growth prospects… economists are voicing gloomy forecasts.” Among them, “Moody’s Chief Economist Mark Zandi on Thursday compared the current levels of uncertainty to those seen during 9/11 and the 2008 financial crash, having previously said that he felt the country was being ‘pushed into a recession’ by Donald Trump’s tariff policies.”

 

Washington Post (March 14)

2025/ 03/ 15 by jd in Global News

President Trump may be hoping to copy Argentinian President Javier Milei’s success at beating inflation and rejuvenating an economy. Trump now seems “willing to risk a recession to see his vision come to pass,” but his approach is more likely to “backfire and harm the economy for years to come. Recessions hurt. They have long-lasting effects.” On top of that, the President is focused on restoring yesteryear’s jobs. He “is fixated on returning to the economy of the 1990s — or even the 1890s. The only thing worse than undergoing a forced recession would be a forced recession that leaves America less competitive.”

 

Barron’s (March 6)

2025/ 03/ 07 by jd in Global News

“The Nasdaq Composite closed in correction territory as Wall Street sold pretty much everything in response to the Trump administration’s latest tariff rhetoric.” Both the S&P 500 and the Dow also dropped amid a tariff saga that has left investors shaking. “The uncertainty surrounding Trump’s tariff plans have caused headaches for market participants. There are also fears among some economists that policy uncertainty will send sentiment falling further until it triggers a recession.”

 

Barron’s (March 6)

2025/ 03/ 04 by jd in Global News

“The Nasdaq Composite closed in correction territory as Wall Street sold pretty much everything in response to the Trump administration’s latest tariff rhetoric.” Both the S&P 500 and the Dow also dropped amid a tariff saga that has left investors shaking. “The uncertainty surrounding Trump’s tariff plans have caused headaches for market participants. There are also fears among some economists that policy uncertainty will send sentiment falling further until it triggers a recession.”

 

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