J P Morgan has projected a US recession by the end of 2025, citing President Trump’s new reciprocal tariffs as the primary cause. The forecast suggests a possible decline in GDP and an increase in unemployment rates. Federal Reserve Chair Jerome Powell has also expressed concerns, pointing out that these tariffs could lead to higher inflation and slower economic growth. The potential impact of these policies on the US economy has raised alarm bells among experts. The looming recession could have far-reaching consequences not only for the US but also for the global economy. It remains to be seen how the government will navigate these challenges to mitigate the potential fallout.

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J P Morgan forecasts US recession by 2025 due to Trump’s tariffs, warned by Federal Reserve Chair Powell
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