US President Donald Trump has fulfilled his campaign promise by imposing large tariffs on Chinese goods, steel, aluminum from all countries, and many Mexican and Canadian imports. This move has triggered retaliatory tariffs from America’s trade partners, causing US stock markets to lose six months of gains in just three weeks. As a result, consumer confidence has plummeted, leading some Americans to worry about the possibility of a recession.
Economic forecasters believe that the risk of a US downturn in 2025 has increased sharply over the past month but still remains unlikely. The market volatility and trade tensions have raised concerns about the economy’s health, with Google searches for “recession” skyrocketing since March. As the situation continues to unfold, investors and economists will be closely watching developments to gauge the impact on the US economy.
Source: https://www.vox.com/politics/403737/recession-stock-market-trump-tariffs-economy