President Donald Trump has targeted Vietnam, Cambodia, Taiwan, Japan and the European Union for not playing with the United States of America on customs tariffs and trade.
Jpmorgan suggested that the chance of recession increased significantly because of the president Donald Trump The tariff announcement this week, according to a copy of a report submitted to Fox News Digital on Friday.
It warns these policies, which is the title “There will be blood” and dated on April 3, “These policies, if sustainable, will push the United States and possibly the global economy to recession this year. Updating our probability scenario tree makes this point, which increases the risk of stagnation this year to 60 %.”
In a statement, Fox News Digital on Friday, White House spokesman Kush Disai announced that “the” little expert “, the chicken expert, did not come out during President Trump’s first term, and will not come out during his second term when President Trump regains the American greatness from the main street to Wall Street.
China is running out of 34 % of customs duties on US imports
President Donald Trump speaks during a commercial declaration event, “Make the wealthy America again” in the garden of roses at the White House in Washington, DC, on Wednesday. (Chip Somodevilla/Getty Images)
Trump described the day of an introductory announcement as “a day of liberation.”
The stock market was caught on Thursday, following the president’s announcement and collapsing again on Friday.
During his talk to Fox News Digital on Friday morning, Peter Chef, the world’s chief economist and strategy to manage the Pacific Ocean, described customs duties as a “huge tax increase … in the form of higher prices for everything that Americans buy.”
Wall Street companies see the risk of recession increasing on customs duties and commercial war
Economy and political commentator Peter Chef. (EAMONN M. MCCOCORMACK/Getty Images for the London Blockchain Conference)
some The Republicans have Trump’s introductory policies were supporting, while others did not.
Chef said that there are people seeking to “rejoicing” the leadership of “the president’s actions, even the individuals who” should know that it is a clear mistake. “He said that because of” partisan policy, “people” refuse to call … the error. “
“Trump is right that the trade deficit is a major symptom of a problem, and it must be addressed,” Chef said, adding that the issue is “not cheating other countries.”
What do you know about the “Tahrir Day” tariff for President Trump
“Claman”, Peter Chef and Sakut Squiring reveals the effect of Federal Reseve average.
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Economy and political commentator, which hosts “The Peter Schiff Show”, has the possibility of recession in “a hundred percent”.
“Maybe we were in a stagnation for some time now,” he said. Economic data It was not accurate, but it will be revised at the end and reflects that the recession was continuing for a while.
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