TechFlow, April 4 — According to Jinshi News, JPMorgan Chief Economist Bruce Kasman said that if the Trump administration's tariffs on U.S. trading partners remain in place, they could push the U.S. and global economy into recession by 2025.
Kasman stated in a note on Thursday: "The risk of a global economic downturn this year has risen from 40% to 60%." He described the tariffs as the largest tax increase on American households and businesses since 1968. He also noted that the impact of this tax hike is likely to be amplified through retaliation, weakening business sentiment, and supply chain disruptions.
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