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The Latest Breaking News from Recession

Equities Savaged As China Retaliation To Trump Tariffs Fans Trade War

Asian markets collapsed Monday after China hammered the United States with its own hefty tariffs, ramping up a trade war that many fear could spark a recession.

International Business Times

Markets brace for another volatile week as Trump’s most punitive tariffs kick in

Analysts warn of possible recessions in the UK, US and EU while world leaders weigh up retaliatory action

The Guardian - UK

Americans braced for era of uncertainty as Trump doubles down on tariffs

Recession fears are mounting, and anxiety is high – but the president remains unmoved by criticism of his trade plans

The Guardian - US

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JPMorgan: Trump's Tariffs Are the Largest Tax Hike Since 1968 and Could Tip the World Into Recession

JPMorgan estimates that the tariffs will impose a financial burden of approximately £540.86 billion ($700 billion) on U.S. consumers.

International Business Times UK

Ted Cruz warns of midterm ‘bloodbath’ if Trump tariffs cause a recession

Texas senator’s comments another sign of Republican unease over ‘reciprocal tariffs’ and stock market plunge

The Guardian - US

Trump’s ‘liberation day’ could mean recession in the US and pain worldwide

The US president’s tariffs are vengeful and impetuous – and will have immense costs with no clear goal

The Guardian - US

Labour risking 'Reeves Recession' with National Insurance hike amid Trump tariffs

Labour are risking a “Reeves Recession” if they fail to reverse the National Insurance hike amid Donald Trump’s tariffs, the SNP have said ...

The National (Scotland)

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Ted Cruz admits if Trump’s tariff gamble backfires, it could cost Republicans politically

Senator said he supported president but worries any recession could cause 2026 ‘bloodbath’ for Republicans at the ballot box

The Independent UK

Trump's Tariff Big Bang Puts Global Economy Under Threat

It took just one 50-minute speech by US President Donald Trump to undermine global economic stability and raise the prospect of a recession, with China's countermeasures only amplifying the risk of a debilitating tit-for-tat trade war.

International Business Times

China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow

Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-off

The Guardian - UK

Trump tariffs: Will there be a stock market crash?

Stock markets across the globe are dropping following Trump’s ‘Liberation Day’

The Independent UK

JPMorgan now predicts a 60 percent chance of a recession this year as Trump’s tariffs rock stock market

The Dow Jones fell 1,000 points at opening on Friday as investors reels from Trump’s tariff announcement

The Independent UK

Trump is a drunk driver taking the economy off the cliff into a needless recession—as we warned

With Trump enacting tariffs in the most uncertainty-inducing way possible, businesses are paralyzed—with devastating repercussions.

Fortune

China retaliates against Trump in trade war with 34% tariffs on US imports

Fears of global recession rise as stock markets continue to fall after China responds to US president’s ‘bullying practice’

The Guardian - UK

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Fortune

‘There will be blood’: JPMorgan raises recession risk to 60% as global stock market sell off continues

Trump's tariff increase could cost U.S. households $700 billion, the largest de facto tax hike since LBJ needed to finance the war in Vietnam.

Fortune

Analysts unanimously denounce Trump’s liberation day tariffs: ‘Worse than the worst case’

Analysts at Wedbush Securities and Goldman Sachs as well as top economist Larry Summers predicted much economic pain ahead.

Fortune

Global recession on the cards

Also: Stocks suffered their biggest one-day drop since 2020, JPMorgan says “There will be blood.”

International Business Times

Crypto Bettors Raise US Recession Odds On Polymarket: 'Trump Is A Traitor To America'

Some Polymarket bettors believe U.S. President Donald Trump has betrayed the American people after he announced new tariffs on various countries as part of his strategy to rebalance what he said was unfair trade with his country.

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International Business Times

Asian Stocks Extend Global Rout After Trump's Shock Tariff Blitz

Equities extended losses in Asia on Friday, extending a global rout inflicted by Donald Trump's tariff blitz that has inflamed a trade war and ramped up recession and inflation fears.

Latin Times

House Democrats Slam Republicans as 'Complicit Cowards': 'They Would Rather Plunge the US Into a Recession'

House Democrats slammed Republicans for blindly following President Donald Trump's impending reciprocal tariffs.

The Texas Tribune

Tariffs creating uncertainty in Texas as report shows slower revenue growth since late 2024

Respondents to a Federal Reserve Bank of Dallas survey expressed concern about a reduction in consumer demand and a potential recession.

The Guardian - US

Trump’s chaos-inducing global tariffs, explained in charts

The US president’s announcement has caused market chaos and threatens a trade war and US recession

The Guardian - AU

Morning Mail: Trump tariffs trigger Wall Street slump, Liberal candidate’s fringe views, Gen Z’s gender voter divide

Traders rush to sell stocks amid recession fears and widespread criticism of US policy; younger voters say men and women are growing apart politically

The Independent UK

The markets are tumbling — how can you recession-proof your finances?

With global markets in disarray, is now the time to panic or stash cash in your attic? Personal finance influencer Vivian Tu, tells Mike Bedigan what people should be doing instead

The Conversation

Why has Trump launched so many tariffs and will it cause a recession? Expert Q&A

Donald Trump has always talked about how much he likes tariffs. And on April 2 2025, he showed that he meant it. For the president it was “liberation day”, but for his fellow world leaders it was a tense wait to see what percentage figure would be attached to their…

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