Liberation Day has triggered a reaction from the markets following Trump's announcement of sweeping reciprocal tariffs aimed at correcting trade imbalances. The tariffs could lead to an average rate of 29%, the highest in a century, causing market futures to plummet significantly. Analysts are expressing concern over rising recession probabilities due to decreased corporate spending and the unexpected severity of the tariffs, emphasizing the alarming economic implications of these trade policies. Predictions have shifted dramatically, indicating growing fears of recession amid escalating trade tensions.
The United States is issuing reciprocal tariffs largely calculated on trade imbalances, potentially leading to the highest average tariff rates seen in a century.
As markets react to the tariff announcements, experts predict a substantial increase in recession probabilities, indicating rising economic uncertainty and potential corporate caution.
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