JPMorgan Warns of 60% Recession Risk Due to Trump Tariffs

JPMorgan Chase has significantly elevated its outlook for a US recession, predicting a 60% chance of one occurring within the next year. This alarming prediction is fueled by former President Trump’s imposition of high tariffs on international goods, which are seen as having a significant impact on global economic stability. The bank cites these tariffs as a primary driver of this heightened risk of recession.