After $10.4 trillion wipeout, US expected to fall into recession ‘under weight of tariffs’
Source: The Age
While the White House says Trump’s plan is working, some Republicans have joined Democrats to introduce a bill to terminate new tariffs unless the US Congress approves them.
“While uncertainty remains elevated, it is now becoming clear that tariff increases will be significantly larger than expected, and the same is likely to be true of the economic effects, which will include higher inflation and slower growth,” Powell … [4850 chars]