Beware a recession that could be triggered by a chain reaction of tariff risk, Wall Street exec says
Economic forecasts have been weakening. While some see slower growth, several commentators see the chance of an outright recession rising this year.
Beijing hits back with retaliatory tariffs and other measures after U.S. imposes additional 10% duties on China
A rout on Wall Street deepened on Tuesday as companies and investors digested the impact of President Donald Trump's decision to impose tariffs on the U.S.'s biggest trading partners, as well as retaliatory tariffs from Canada, China and Mexico.
Stocks were rallying Wednesday after Commerce Secretary Howard Lutnick signaled the U.S. could be prepared to scale back its tariffs on Canada and Mexico, but the best-known measure of market uncertainty remained elevated.
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