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brokerages warn of increased recession risks from new us tariffs
Brokerages including HSBC, Deutsche Bank, and BofA have raised concerns about a heightened risk of a U.S. recession following President Trump's new tariffs, which impose a 10% levy on all imports. Deutsche Bank warned that sustained tariffs could reduce economic growth by 1-1.5 percentage points, while BofA suggested the economy might be on the brink of recession. Barclays also highlighted a significant risk of contraction, projecting a 0.1% decline in the U.S. economy by the end of 2025, despite differing views on potential Federal Reserve rate cuts.
brokerages warn of increased recession risks from new us tariffs
Brokerages including HSBC, Deutsche Bank, and BofA have raised concerns about a heightened risk of a U.S. recession following President Trump's new tariffs, which impose a 10% baseline levy on all imports. Deutsche Bank warned that sustained tariffs could reduce economic growth by 1-1.5 percentage points, while BofA suggested the economy might be on the brink of recession. Barclays also highlighted a "high risk" of recession, projecting a 0.1% contraction by the end of 2025, despite differing views on potential Federal Reserve rate cuts.
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