“There will be blood”: JPMorgan warns of 60% global recession odds under Trump tariffs

Donald Trump’s sweeping new tariffs are raising alarms about a potential U.S. and global recession. Economists from JPMorgan, Goldman Sachs, and Moody’s Analytics warn that the trade war could push inflation higher, weaken consumer confidence, and slow economic growth. Markets have already reacted sharply, and global trade tensions are set to escalate. With Trump promising aggressive tariff policies, experts fear the economic fallout could be severe.