US economy to experience recession by year-end..!?

The impact of the new tariffs announced by President donald trump will cause a recession in the economy by the end of the year, international financial research institute J.P. Morgan has predicted. President trump has imposed tariffs on imports of goods from 60 countries, including india, claiming to resolve the trade imbalance caused by other countries imposing high tariffs on American goods. Of these, indian goods have been subject to a 27 percent tariff. Countries that export to the US have been severely affected by Trump's tariffs. This has caused stock markets to fall worldwide. In this situation, J.P. Morgan has predicted that "the impact of the new tariffs will cause a recession in the economy by the end of the year."
Regarding this, the company's economist Michael Peroli said: Due to the impact of the new taxes, there will be an economic recession by the end of the year. The unemployment rate will increase to 5.3 percent. Compared to the taxes of other countries, a 26 percent tax for india is fair. Due to the weak US economy, the indian IT sector will be affected. He said this. Federal Reserve Chairman Jerome Powell expressed concern about Trump's new tax imposition. He said that the new tax imposition will cause much greater damage than previously expected. He said that this would be the real cause of high inflation.
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Sowmiya Sriram

05/04/2025 04:25 PM