Indicators
Economists Say Trump’s Tariffs Boost Uncertainty, Recession Odds
Trump’s move to impose major tariffs on trading partners around the world rocked financial markets Thursday.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
President Donald Trump’s big tariff rollout was supposed to reduce uncertainty for businesses. Economists say it did the exact opposite, while also raising recession risk.
Some 76% of the 54 forecasters who responded to a Bloomberg survey conducted April 2-3 after the announcement said the imposition of sweeping levies only adds to the uncertainty about trade policy for business decision-making. Some 92% said it raises the risk of a US economic downturn over the next 12 months.