U.S. President Donald Trump's Tariffs Raise Recession Red Flags
The recent steep decline in Wall Street futures has raised concerns among investors about the potential impact of U.S. President Donald Trump's trade tariffs on the economy. The 91% of economists who view a downturn as likely under Trump's rapidly shifting trade policies are largely correct, given the uncertainty and volatility surrounding his trade actions. As markets struggle to come to terms with the implications of these tariffs, investors are increasingly looking for signs of weakness in major economies.
- The escalating trade tensions between the U.S. and its trading partners may ultimately prove to be a self-inflicted wound, undermining global economic growth and fuelling protectionism.
- Will the European Central Bank's decision on interest rates this week provide enough support for the struggling eurozone economy, or will it simply serve as a temporary Band-Aid?