PUT THIS ON BLAST:
Trump’s tariffs just pushed the risk of a U.S. and global recession this year up to 60%—up from 40%, according to J.P. Morgan.
THATS NOT ALL:
The White House made up the numbers—Trump Math 🤡 pic.twitter.com/Y98nhtO266
— Christopher Webb (@cwebbonline) April 4, 2025
JPMorgan suggested that the chance of a recession substantially increased due to President Donald Trump’s tariff announcement this week, according to a copy of a report provided to Fox News Digital on Friday.
The report, headlined “There will be blood” and dated April 3, warns, “these policies, if sustained, would likely push the US and possibly global economy into recession this year. An update of our probability scenario tree makes this point, raising the risk of a recession this year to 60%.”
In a statement to Fox News Digital on Friday, White House spokesman Kush Desai declared, “Chicken Little ‘expert’ predictions didn’t quite pan out during President Trump’s first term, and they’re not going to pan out during his second term when President Trump again restores American Greatness from Main Street to Wall Street.”
https://www.cnbc.com/2025/04/04/jpmorgan-raises-recession-odds-for-this-year-to-60percent.html