Golden Ten Finishing: Trump Faces Two Choices After "Self-Harm"? Removal of tariffs or recession

GoldenOctober2024

2025-04-03 02:46:19

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Kimberly Clausing, a former Biden administration official: The tariff statement was very stubborn, much worse than I expected, I expected things to be bad, but I didn't expect this level of self-harm. I'd be shocked if we could get through this without a recession and Trump wouldn't have to reverse his policies. 2. Mark Zandi, Chief Economist at Moody's: If the U.S. government imposes these higher tariffs without significant exemptions, the economy will have a hard time digesting that. A recession seems more likely. If they stay the course, I'll buckle up and be ready for the shock. 3. Dan Ives, Head of Global Technical Research at Wade Bush: We characterize this set of tariffs as worse than the worst-case scenario that the market fears. Tech stocks will face "significant" pressure due to the impact of tariffs, with investors anxious about demand disruption and supply chains. 4. Brian Jacobsen, chief economist at Annex Wealth Management: Trump's description of the tariffs as "reciprocal" may prompt officials to negotiate quickly rather than retaliate. But tariffs still come at a cost, either in the form of higher consumer prices or lower profits. 5. Michael Ferroli, Chief Economist at JPMorgan Chase & Co.: Tariffs could raise PCE by 1-1.5% this year, and the inflationary impact will be felt by the middle of this year. The resulting blow to purchasing power could lead to negative growth in real disposable personal income in the second and third quarters, and real consumer spending could also contract. This effect alone could put the economy in a dangerous recession.

TRUMP1.43%

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