TechFlow, April 3 — According to Jinshi Data, some economists are concerned that if Trump does not quickly cancel the latest round of tariffs, the U.S. economy could slide into recession. "If the U.S. government implements these higher tariffs without major exemptions, the economy will struggle to absorb the shock. A recession seems more likely," said Mark Zandi, chief economist at Moody's Analytics. Zandi added, "In many ways, the tariffs announced by Trump are even worse than the worst-case scenario he previously envisioned. If they go through with it, I'd buckle up and prepare for impact." He noted that on a static basis, the tariffs amount to nearly 2% of GDP (not accounting for their broader economic and fiscal impacts), making this round of tariffs the largest tax increase since those implemented during World War II to finance the war effort.
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