Trump’s trade war threatens to trigger a recession in the United States
Uncertainty about the tariffs to be applied and possible retaliation from its trading partners is already having an impact on the economy
The U.S. economy was recently the envy of the world, with a low unemployment rate, strong growth, and inflation almost under control. In just over two months, the damage caused by Donald Trump’s economic policies threatens to plunge the world’s leading power into recession. The president is preparing to launch the most severe wave of the trade war he has declared against the world with what he calls “reciprocal” tariffs, which are anything but. The uncertainty generated by his erratic announcements has already weakened the economy before April 2, which he calls “Liberation Day.”
