Donald Trump's recent announcement of new tariffs to address the U.S. trade deficit has resulted in market declines and heightened recession fears among investors. Following the initial impact on indexes like NASDAQ and the Dow Jones, Goldman Sachs increased the recession likelihood from 20% to 35%. The situation reflects a broader anxiety about Trump's possible retreat to looser policies or favoritism toward certain business sectors, ultimately reinforcing a political economy favoring the wealthy and centralizing authority.
Donald Trump's announcement of new tariffs aims to reduce the trade deficit, leading to concerns over a potential recession in the U.S. economy.
Investor confidence has plunged as trading markets react to Trump's tariffs, with Goldman Sachs raising recession odds to 35 percent.
Collection
[
|
...
]