How Trump’s Tariffs Could Lead to a Global Recession

Economists have warned that U.S. President Donald Trump’s trade war, which kicked into its highest gear yet on Wednesday, is likely to hurt Americans more than it will any other country.

Taxing all imports will lead to greater costs for U.S. businesses, which will then raise prices for U.S. consumers, and may well bring the U.S. into a recession, a sustained economic decline.

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“It will be difficult for the U.S. to avoid a recession if the tariffs...