‘The damage is done’: Why the risk of global recession remains despite Trump’s tariff pause
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Experts warn global recession risk remains despite Trump tariff pause
- Despite a 90-day pause on Donald Trump’s tariffs, economists warn that the risk of a global recession remains.
- The uncertainty created by the president's trade policies has already caused damage to global value chains and market stability.
- Even if the tariffs are not reintroduced, the unpredictable nature of US trade policy continues to pose a significant economic risk.
- The ongoing trade war with China adds to the global economic concerns, as increased costs are likely to impact consumers and businesses.
- Experts emphasise the importance of clear and consistent policies to restore confidence and prevent further economic downturns.