Trump's Tariffs Expected to Trigger US and Global Recession

President Trump's newly announced 'reciprocal tariffs' could lead the U.S. economy into recession and significantly impact the global economy, according to multiple economists. Moody's Chief Economist Mark Zandi warned that the tariffs, which could raise average import taxes to levels not seen since the 1930s, would likely trigger retaliatory measures from other countries, resulting in economic contraction. Guan Tao, a global economist, echoed these concerns, drawing parallels to the Smoot-Hawley Tariff Act of 1930, which contributed to the Great Depression. Analysts predict that the tariffs could reignite inflation, potentially raising it to 4% and crippling consumer spending. The tariffs have already caused volatility in the dollar and stock markets, raising fears of a global economic downturn. Despite these risks, some experts see opportunities for negotiation between the U.S. and affected countries as a possible path forward.