Economists are increasingly concerned about the potential for a US recession this year, largely stemming from Donald Trump's erratic approach to tariffs and trade, which has negatively impacted investor confidence. Wall Street reported significant declines, particularly as the Dow Jones and S&P 500 faced losses amidst fears of growth slowing. Analysts warn that Trump's inconsistent tariff strategies contribute to an unstable economic environment, prompting a reassessment of growth forecasts. Financial experts like Kathleen Brooks note that Trump's focus on political ambitions may come at the cost of economic stability, leading to diminished business confidence and potential recession risks.
The risk of a US recession is rising due to Trump's chaotic tariff approach, impacting market confidence and growth, as indicated by falling share prices.
Kathleen Brooks suggests Trump's prioritization of political goals over economic strength is harming consumption and confidence, with his tariff decisions causing significant uncertainty.
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