Wall Street just got a wake-up call. According to JPMorgan analyst Maia G. Crook, the probability of a U.S. recession has surged to 60%, up from 40% last month, thanks to the latest round of tariff hikes.
The “largest U.S. tax hike in nearly 60 years” is expected to hit household and business spending, drag down sentiment and disrupt global supply chains.
Tariffs & Tumbling Sentiment
The tariff war escalated with a fresh 22% hike, pushing fears of retaliation and economic slowdowns to new highs. Crook warns of ripple effects, noting that the uncertainty around trade policies …