
US Tariffs Boomerang: Key Economic Indices Falter
US tariffs are backfiring domestically, with key economic indices wobbling and recession forecasts on the rise, signaling a potential prolonged slowdown.
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US tariffs are backfiring domestically, with key economic indices wobbling and recession forecasts on the rise, signaling a potential prolonged slowdown.
Study warns US tariff policies could cost households $4,900 annually and shave 1.1pp off GDP growth by 2025, raising recession fears.
Despite strong economic growth in 2024, experts warn that inflation and tariffs could pose recession risks in 2025.