JPMorgan analysts told clients that Trump's tariff plan will have drastic economic effects. The risk of the global economy falling into a recession has increased from 40% to 60%, they warned.

“The risk of recession in the global economy this year is raised to 60%, up from 40%,” JPMorgan Chief Economist Bruce Kasman said Thursday in a note to clients, calling the tariffs the largest ...

JPMorgan is predicting that the U.S. and potentially the global economy could be pushed into a recession if Trump’s reciprocal tariffs remain in place. “The risk of recession in the global ...

As a result of the White House’s attempt to convert its trade deficit into a problem for America’s trading partners, JPMorgan has now ratcheted up the probability of a global recession to 60% ...