
Trump’s tariffs — if sustained — likely to push the U.S. and globe into recession, says JPMorgan
President Donald Trump ‘s tariffs, if sustained, could push the U.S. and the world into a recession, according to JPMorgan. If implemented, Trump’s tariffs — which start at a baseline of 10% and go even higher for some countries — raise the effective U.S. tariff rate to 25%, a level that would hurt the U.S….