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Trump's tariff hammer: Is the USA now threatened with recession?
US recession looms over Trump's tariff plans for BRICS as geopolitical tensions grow. Economic uncertainty.
Trump's tariff hammer: Is the USA now threatened with recession?
Geopolitical showdown! BRICS and the USA are on the brink of economic chaos. As tensions escalate, a looming recession could drag down the U.S. economy. The trigger for this is Donald Trump's planned customs inferno: 100% import duties on Mexico and Canada are already pending, while China is hit by 25% tariffs.
However, the real drama is happening behind the scenes: the global economy is upside down watcher.guru reports. Amidst this madness, recession signals are flashing! Data from Global Markets Investors reveals a shocking truth: US hiring reached just 3.2% in December - the second lowest since the devastating crisis of 2020!
This dismal decline is well below the pre-pandemic average of 3.8%, another bitter piece of the puzzle in the current faltering labor market situation. The Fed must stand idly by as its once-vibrant jobs machine grinds to a halt while it wrestles with far more complex economic problems. The whirlwind of the looming recession will not subside for a long time.